Global Fall Detection System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fall Detection System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Fall Detection System can measure when a user suddenly falls by detecting sudden changes in the user's body movement. When the user falls, the user can ask for help without pressing the call button, or he can press the call button for help. Fall Detection System is a life-saving feature in medical alarm systems. Fall Detection Systems are commonly used in Home Care Settings, Senior Assisted Living Facilities, and other applications.

Market Overview:

The latest research study on the global Fall Detection System market finds that the global Fall Detection System market reached a value of USD 472.36 million in 2022. It’s expected that the market will achieve USD 598.29 million by 2028, exhibiting a CAGR of 4.02% during the forecast period.

Opportunities

Traditional machine learning methods determine mapping functions between handcrafted features extracted from raw training data and corresponding output labels (e.g., no or no falls, to keep things simple). The extraction of handcrafted features requires domain expertise and is therefore limited to the knowledge of domain experts.

For visual sensors, the trend has been towards deep learning with Convolutional Neural Networks (CNN) or LSTMs. Deep learning is a complex learning framework that, in addition to mapping functions, learns features that characterize related classes such as falling and not falling. This approach is inspired by the visual system of the mammalian brain. Deep learning has been established as the state-of-the-art in computer vision applications that take images or videos as input. In this regard, similar to other computer vision applications, fall detection methods relying on visual data have shifted from traditional machine learning to deep learning in recent years.

With the advent of the mobile Internet era, smart wearable devices have become a model for the combination of mobile Internet software and hardware. At the same time, with the continuous iterative update of big data, cloud computing, and Internet of Things technologies, the development space of smart wearable devices has been greatly expanded.

In the context of Internet + medical health, smart medical, telemedicine, and mobile medical strategies, smart wearable devices will once again usher in a golden period of development. Intervention treatment and life-cycle health management based on medical and health data will become the keywords for the future development of smart wearable devices, and smart wearable devices are also becoming a new technology to change the medical system and human health.

In terms of the Fall Detection System, falls can lead to key physiological changes in the human body, which provide the criteria for detecting falls. Smart wearables can detect a user's health by measuring various human-related properties using accelerometers, gyroscopes, blood glucose meters, pressure sensors, ECG, EEG, or EOG. abnormal situation. Due to the advantages of mobility, portability, low cost, and availability, wearable devices are considered as one of the key sensor types for fall detection and are widely used.

Therefore, during the forecast period, with the continuous development of smart wearable devices, the market size of Fall Detection System will continue to expand.

Region Overview:

From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Koninklijke Philips N.V., The ADT Corporation, Connect America with the revenue market share of 15.10%, 12.10% and 7.85% in 2021.

Koninklijke Philips N.V. of the Netherlands is a leading health technology company dedicated to improving people's health and improving medical outcomes across the entire health care process, from healthy lifestyles and disease prevention, to diagnosis, treatment and home care. Philips will continue to introduce integrated innovative solutions with advanced technology, rich clinical experience and deep consumer insights. The company currently holds leadership positions in diagnostic imaging, image-guided therapy, patient monitoring, health informatics, and consumer health and home care.

ADT Inc. is an American company that provides residential, small and large business electronic security, fire protection, and other related alarm monitoring services throughout the United States. Today, more than 17,000 professionals in more than 200 U.S. locations ensure the company's more than 6 million customers are as safe and secure as possible.

Segmentation Overview:

Among different product types, Automatic Fall Detection Systems segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Home Care Settings segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Fall Detection System market covered in Chapter 3:

MobileHelp
Mytrex, Inc.
Bay Alarm Medical
DBA Rescue Alert
Singapore Technologies Electronics Limited
Medical Guardian LLC
Koninklijke Philips N.V.
LifeFone
Connect America
AlertOne Services
The ADT Corporation
Semtech Corporation
MariGroup Oy
Tunstall Healthcare Group Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Fall Detection System market from 2018 to 2029 is primarily split into:

Automatic Fall Detection Systems
Manual Fall Detection System

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fall Detection System market from 2018 to 2029 covers:

Home Care Settings
Senior Assisted Living Facilities
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)