Asia Pacific Fall Management Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Sensor Pads, Floor Mats, and RFID Tags) and End User (Hospitals and Clinics, Nursing Homes, and Others)

Asia Pacific Fall Management Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Sensor Pads, Floor Mats, and RFID Tags) and End User (Hospitals and Clinics, Nursing Homes, and Others)

The Asia Pacific fall management market is expected to reach US$ 29.20 million by 2028 from US$ 22.55 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021 to 2028.

In recent years, multimodal technology has been adopted to develop fall detection systems as the technology confers precision and robustness in these systems. Moreover, the technology is majorly based on wearable sensors, ambient sensors, and vision devices. The multimodal technology has traditionally been in use in short-term memory networks (LSTM) and convolutional neural networks (CNN) for real-time detection. Design and Analysis for Fall Detection System Simplification, a research paper released in April 2020, presents a methodology based on multimodal sensors to configure a simple, comfortable, and fast human-activity recognition system. Universidad Panamericana funded this research through a grant “Fomento a la Investigacion UP 2018.” As a part of this research, various authors used multimodal approaches to obtain robust fall detector efficiency by concentrating on the placement and performance of the classifier.

As per the CDC, Epilepsy is one of the most common and severe neurological conditions as it affects 60 million people and 2.5 million new cases every year. Its prevalence has a bimodal distribution with peaks among infants and elderlies. In 25-30% of cases, no combination of standard therapy can control the seizures, and patients may suffer from refractory or intractable epilepsy. With the rise in epilepsy cases, fall detection systems enabled with multimodal technology are gaining significant traction for seizure detection.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the fall management market. The Asia Pacific fall management market is expected to grow at a good CAGR during the forecast period.

Asia Pacific Fall Management Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Fall Management Market Segmentation

By Product

Sensor Pads Floor Mat RFID Tags

By End User

Hospitals and Clinics Nursing Homes Others

By Country

China Japan India South Korea Australia Rest of Asia Pacific

Companies Mentioned

Medline Industries, Inc Stanley Black & Decker, Inc. De Royal Industries, Inc. Emfit Ltd Personal Safety Corporation Rondish Company Limited. TIDI Products, LLC

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