Fall Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Fall Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global fall management market size reached US$ 184.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 255.7 Million by 2028, exhibiting a growth rate (CAGR) of 5.49% during 2023-2028.

Fall management refers to preventive measures adopted to reduce fall risk and injuries. It involves various medications and equipment, such as safety nets, body belts, sensor pads, floor mats, radio-frequency identification (RFID) tags, connecting devices, suspension belts, and whole body and chest harnesses. It also involves educating families and caretakers about the potential risk of falls and outlining strategies and management plans for high-risk patients. It helps minimize the chances of developing fall injuries, ensures the highest level of mobility, and prevents untimely death. As a result, fall management practice is gaining immense traction across various industries to ensure the safety and security of workers.

Fall Management Market Trends:
The growing global geriatric population and rising prevalence of age-related disorders, such as impaired cognition and vision, represent one of the key factors positively influencing the market. In addition, increasing cases of accidental and unintentional injury deaths are driving the need for fall management practices. Apart from this, rapid industrialization, along with the rising occurrence of occupational hazards in manufacturing and mining industries due to the unavailability of appropriate safety measures, is resulting in the widespread adoption of fall management equipment. Furthermore, the growing utilization of fall management practices to reduce life-threatening injuries is creating a positive market outlook. Construction sites require workers to operate on elevated platforms, steep roofs, and wall openings that are highly prone to falls and accidents. Additionally, the increasing participation of individuals in adventure activities, which include bungee jumping, river rafting, zip-lining, skiing, rock climbing, and mountaineering, is catalyzing the demand for fall management equipment. Moreover, the introduction of favorable government policies to promote occupational safety and health standards is expected to propel market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fall management market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and end user.

Breakup by Product:

Sensor Pad
Floor Mat
RFID Tag

Breakup by End User:

Hospitals and Clinics
Nursing Homes
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alimed Inc, Curbell Medical Products Inc. (Curbell Inc.), DeRoyal Industries Inc., Medline Industries LP, Personal Safety Corporation, Rondish Company Limited, Smart Caregiver Corporation, Stanley Black & Decker Inc. and TIDI Products LLC.

Key Questions Answered in This Report

1. How big is the global fall management market?
2. What is the expected growth rate of the global fall management market during 2023-2028?
3. What are the key factors driving the global fall management market?
4. What has been the impact of COVID-19 on the global fall management market?
5. What is the breakup of the global fall management market based on the product?
6. What is the breakup of the global fall management market based on the end user?
7. What are the key regions in the global fall management market?
8. Who are the key players/companies in the global fall management market?