Product Code: GVR-4-68040-400-5
Fall Detection Systems Market Growth & Trends:
The global fall detection systems market size is anticipated to reach USD 748.40 million by 2030 and is projected to grow at a CAGR of 7.66% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing rate of the geriatric population, improved accessibility to assistance, rising demand for smartphone and wearable technology, technological advancements, and growing awareness and adoption all contribute to the demand for fall detection systems. These systems are important for ensuring the safety and well-being of individuals, especially the elderly population.
Growing advancements in artificial intelligence, wearable technology, and sensor capabilities to develop more accurate and user-friendly solutions is further drive the market growth. These developments aim to offer real-time monitoring, reduce false alarms, and facilitate swift assistance. For instance, in September 2023, AltumView launched its Sentinare 3 sensor, a cutting-edge development in AI-driven fall detection and activity monitoring systems expressly tailored to offer unparalleled privacy and care for the senior demographic.
The global demand for fall detection systems is on the rise, leading to various established and emerging players implementing strategies such as mergers & acquisitions, new product launches, and partnerships to expand their market presence. For instance, in September 2023, FallCall Solutions, a Connecticut-based technology provider, announced the expansion of their medical alert application, FallCall Detect, to include Crash Detection for iPhone 14 and subsequent models. This integration with an autonomous 24/7 emergency monitoring center represents a global pioneering achievement within the safety technology application domain. This enhancement complements FallCall's existing portfolio of features, such as their proprietary Smart Fall Detection technology, connectivity with Bluetooth-enabled medical alert accessories, and Siri-activated voice commands for emergency assistance calls.
Fall Detection Systems Market Report Highlights:
- The automatic fall detection system segment led the market with the largest revenue share of 60.34% in 2023. This is attributed to the broader landscape of fall detection technologies as the aging global population
- Based on type, the wearable segment led the market with the largest revenue share of 68.65% in 2023, owing to the rising demand for independent living among the elderly and the need for affordable, efficient healthcare solutions
- Based on technology, the sensor-based segment led the market with the largest revenue share of 43.49% in 2023, due to technological advancements that improve the sensitivity, accuracy, and reliability of sensors
- Based on component, the accelerometers and gyroscopes segment led the market with the largest revenue share of 38.15% in 2023, owing to advances in MEMS technology that enhance the precision and affordability of motion sensing
- Based on end use, the home-based users segment led the market with the largest revenue share of 50.10% in 2023. This is attributed to an increasing inclination towards aging-in-place, and the COVID-19 pandemic has emphasized the importance of remote monitoring solutions
- North America dominated the market with the largest revenue share of 38.55% in 2023, which is attributed to the presence of major market players and widespread adoption of fall detection systems due to high prevalence of elder population
- In November 2023, Kepler Vision Technologies partnered MOBOTIX AG with to launch an advanced sensor integrated into the MOBOTIX c71 Hemispheric Indoor Camera. Tailored for environments such as elderly care, hospices, and care facilities, the sensor excels in accurately identifying events such as falls, and bed exits. The primary focus of this technology is to reduce the burden on staff members and enhance cost-effectiveness
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Product
- 1.2.2. Type
- 1.2.3. Technology
- 1.2.4. Component
- 1.2.5. End Use
- 1.3. Estimates and Forecast Timeline
- 1.4. Research Methodology
- 1.5. Information Procurement
- 1.5.1. Purchased Database
- 1.5.2. GVR's Internal Database
- 1.5.3. Secondary Sources
- 1.5.4. Primary Research
- 1.6. Information Analysis
- 1.6.1. Data Analysis Models
- 1.7. Market Formulation & Data Visualization
- 1.8. Model Details
- 1.8.1. Commodity Flow Analysis
- 1.9. List of Secondary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Increasing penetration of smartphones
- 3.2.1.2. Technology advancements
- 3.2.1.3. Increasing demand for multimodal technology
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. High cost of fall detection systems
- 3.2.2.2. Lack of awareness about fall detection systems
- 3.2.3. Market Opportunity Analysis
- 3.2.4. Market Threat Analysis
- 3.3. Business Environment Analysis
- 3.3.1. Industry Analysis - Porter's Five Forces Analysis
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTLE Analysis
Chapter 4. Fall Detection Systems Market: Product Estimates & Trend Analysis
- 4.1. Product Market Share, 2023 & 2030
- 4.2. Product Segment Dashboard
- 4.3. Market Size & Forecasts and Trend Analysis, by Product, 2018 to 2030 (USD Million)
- 4.4. Automatic Fall Detection Systems
- 4.4.1. Automatic fall detection systems market, 2018 - 2030 (USD Million)
- 4.5. Manual Fall Detection Systems
- 4.5.1. Manual fall detection systems market, 2018 - 2030 (USD Million)
Chapter 5. Fall Detection Systems Market: Type Estimates & Trend Analysis
- 5.1. Type Market Share, 2023 & 2030
- 5.2. Type Segment Dashboard
- 5.3. Market Size & Forecasts and Trend Analysis, by Type, 2018 to 2030 (USD Million)
- 5.4. Wearable
- 5.4.1. Wearable market, 2018 - 2030 (USD Million)
- 5.4.2. Wrist-Wear
- 5.4.2.1. Wrist-wear market, 2018 - 2030 (USD Million)
- 5.4.3. Neckwear
- 5.4.3.1. Neckwear market, 2018 - 2030 (USD Million)
- 5.4.4. Body-wear
- 5.4.4.1. Body-wear market, 2018 - 2030 (USD Million)
- 5.4.5. Others
- 5.4.5.1. Others market, 2018 - 2030 (USD Million)
- 5.5. Non-Wearable
- 5.5.1. Non-Wearable market, 2018 - 2030 (USD Million)
- 5.5.2. Camera
- 5.5.2.1. Camera market, 2018 - 2030 (USD Million)
- 5.5.3. Floor Sensors
- 5.5.3.1. Floor Sensors market, 2018 - 2030 (USD Million)
- 5.5.4. Wall Sensors
- 5.5.4.1. Wall Sensors market, 2018 - 2030 (USD Million)
Chapter 6. Fall Detection Systems Market: Technology Estimates & Trend Analysis
- 6.1. Technology Market Share, 2023 & 2030
- 6.2. Technology Segment Dashboard
- 6.3. Market Size & Forecasts and Trend Analysis, by Technology, 2018 to 2030 (USD Million)
- 6.4. GPS-Based
- 6.4.1. GPS-based market, 2018 - 2030 (USD Million)
- 6.5. Mobile Phone-Based
- 6.5.1. Mobile phone-based market, 2018 - 2030 (USD Million)
- 6.6. Sensor-Based
- 6.6.1. Sensor-based market, 2018 - 2030 (USD Million)
Chapter 7. Fall Detection Systems Market: Component Estimates & Trend Analysis
- 7.1. Component Market Share, 2023 & 2030
- 7.2. Component Segment Dashboard
- 7.3. Market Size & Forecasts and Trend Analysis, by Component, 2018 to 2030 (USD Million)
- 7.4. Accelerometers and Gyroscopes
- 7.4.1. Accelerometers and gyroscopes market, 2018 - 2030 (USD Million)
- 7.5. Multimodal Sensors
- 7.5.1. Multimodal sensors market, 2018 - 2030 (USD Million)
- 7.6. Other Unimodal/Bimodal Sensors
- 7.6.1. Other unimodal/bimodal sensors market, 2018 - 2030 (USD Million)
Chapter 8. Fall Detection Systems Market: End Use Estimates & Trend Analysis
- 8.1. End Use Market Share, 2023 & 2030
- 8.2. End Use Segment Dashboard
- 8.3. Market Size & Forecasts and Trend Analysis, by End Use, 2018 to 2030 (USD Million)
- 8.4. Hospices
- 8.4.1. Hospices market, 2018 - 2030 (USD Million)
- 8.5. Home-based users
- 8.5.1. Home-based users market, 2018 - 2030 (USD Million)
- 8.6. Nursing home
- 8.6.1. Nursing home market, 2018 - 2030 (USD Million)
- 8.7. Hospices
- 8.7.1. Hospices market, 2018 - 2030 (USD Million)
- 8.8. Assisted Living Facilities
- 8.8.1. Assisted living facilities market, 2018 - 2030 (USD Million)
Chapter 9. Fall Detection Systems Market: Regional Estimates & Trend Analysis
- 9.1. Regional Market Share Analysis, 2023 & 2030
- 9.2. Regional Market Dashboard
- 9.3. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
- 9.4. North America
- 9.4.1. North America fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.2. U.S.
- 9.4.2.1. Key country dynamic
- 9.4.2.2. Regulatory framework
- 9.4.2.3. Competitive insights
- 9.4.2.4. U.S. fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.3. Canada
- 9.4.3.1. Key country dynamic
- 9.4.3.2. Regulatory framework
- 9.4.3.3. Competitive insights
- 9.4.3.4. Canada fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.4. Mexico
- 9.4.4.1. Key country dynamic
- 9.4.4.2. Regulatory framework
- 9.4.4.3. Competitive insights
- 9.4.4.4. Mexico fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5. Europe
- 9.5.1. Europe fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.2. UK
- 9.5.2.1. Key country dynamic
- 9.5.2.2. Regulatory framework
- 9.5.2.3. Competitive insights
- 9.5.2.4. UK fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.3. Germany
- 9.5.3.1. Key country dynamic
- 9.5.3.2. Regulatory framework
- 9.5.3.3. Competitive insights
- 9.5.3.4. Germany fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.4. France
- 9.5.4.1. Key country dynamic
- 9.5.4.2. Regulatory framework
- 9.5.4.3. Competitive insights
- 9.5.4.4. France fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.5. Italy
- 9.5.5.1. Key country dynamic
- 9.5.5.2. Regulatory framework
- 9.5.5.3. Competitive insights
- 9.5.5.4. Italy fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.6. Spain
- 9.5.6.1. Key country dynamic
- 9.5.6.2. Regulatory framework
- 9.5.6.3. Competitive insights
- 9.5.6.4. Spain fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.7. Norway
- 9.5.7.1. Key country dynamic
- 9.5.7.2. Regulatory framework
- 9.5.7.3. Competitive insights
- 9.5.7.4. Norway fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.8. Denmark
- 9.5.8.1. Key country dynamic
- 9.5.8.2. Regulatory framework
- 9.5.8.3. Competitive insights
- 9.5.8.4. Denmark fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.9. Sweden
- 9.5.9.1. Key country dynamic
- 9.5.9.2. Regulatory framework
- 9.5.9.3. Competitive insights
- 9.5.9.4. Sweden fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.6. Asia Pacific
- 9.6.1. Asia Pacific fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.6.2. Japan
- 9.6.2.1. Key country dynamic
- 9.6.2.2. Regulatory framework
- 9.6.2.3. Competitive insights
- 9.6.2.4. Japan fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.6.3. China
- 9.6.3.1. Key country dynamic
- 9.6.3.2. Regulatory framework
- 9.6.3.3. Competitive insights
- 9.6.3.4. China fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.6.4. India
- 9.6.4.1. Key country dynamic
- 9.6.4.2. Regulatory framework
- 9.6.4.3. Competitive insights
- 9.6.4.4. India fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.6.5. South Korea
- 9.6.5.1. Key country dynamic
- 9.6.5.2. Regulatory framework
- 9.6.5.3. Competitive insights
- 9.6.5.4. South Korea fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.6.6. Australia
- 9.6.6.1. Key country dynamic
- 9.6.6.2. Regulatory framework
- 9.6.6.3. Competitive insights
- 9.6.6.4. Australia fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.6.7. Thailand
- 9.6.7.1. Key country dynamic
- 9.6.7.2. Regulatory framework
- 9.6.7.3. Competitive insights
- 9.6.7.4. Thailand fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.7. Latin America
- 9.7.1. Latin America fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.7.2. Brazil
- 9.7.2.1. Key country dynamic
- 9.7.2.2. Regulatory framework
- 9.7.2.3. Competitive insights
- 9.7.2.4. Brazil fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.7.3. Argentina
- 9.7.3.1. Key country dynamic
- 9.7.3.2. Regulatory framework
- 9.7.3.3. Competitive insights
- 9.7.3.4. Argentina fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.8. MEA
- 9.8.1. MEA fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.8.2. South Africa
- 9.8.2.1. Key country dynamic
- 9.8.2.2. Regulatory framework
- 9.8.2.3. Competitive insights
- 9.8.2.4. South Africa fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.8.3. Saudi Arabia
- 9.8.3.1. Key country dynamic
- 9.8.3.2. Regulatory framework
- 9.8.3.3. Competitive insights
- 9.8.3.4. Saudi Arabia fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.8.4. UAE
- 9.8.4.1. Key country dynamic
- 9.8.4.2. Regulatory framework
- 9.8.4.3. Competitive insights
- 9.8.4.4. UAE fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.8.5. Kuwait
- 9.8.5.1. Key country dynamic
- 9.8.5.2. Regulatory framework
- 9.8.5.3. Competitive insights
- 9.8.5.4. Kuwait fall detection systems market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Participant Overview
- 10.2. Company Market Position Analysis
- 10.3. Company Categorization
- 10.4. Strategy Mapping
- 10.5. Company Profiles/Listing
- 10.5.1. Koninklijke Philips N.V.
- 10.5.1.1. Overview
- 10.5.1.2. Financial performance
- 10.5.1.3. Product benchmarking
- 10.5.1.4. Strategic initiatives
- 10.5.2. Tunstall Group
- 10.5.2.1. Overview
- 10.5.2.2. Financial performance
- 10.5.2.3. Product benchmarking
- 10.5.2.4. Strategic initiatives
- 10.5.3. Apple Inc.
- 10.5.3.1. Overview
- 10.5.3.2. Financial performance
- 10.5.3.3. Product benchmarking
- 10.5.3.4. Strategic initiatives
- 10.5.4. ADT
- 10.5.4.1. Overview
- 10.5.4.2. Financial performance
- 10.5.4.3. Product benchmarking
- 10.5.4.4. Strategic initiatives
- 10.5.5. Medical Guardian LLC
- 10.5.5.1. Overview
- 10.5.5.2. Financial performance
- 10.5.5.3. Product benchmarking
- 10.5.5.4. Strategic initiatives
- 10.5.6. MobileHelp
- 10.5.6.1. Overview
- 10.5.6.2. Financial performance
- 10.5.6.3. Product benchmarking
- 10.5.6.4. Strategic initiatives
- 10.5.7. MariCare
- 10.5.7.1. Overview
- 10.5.7.2. Financial performance
- 10.5.7.3. Product benchmarking
- 10.5.7.4. Strategic initiatives
- 10.5.8. Semtech Corporation
- 10.5.8.1. Overview
- 10.5.8.2. Financial performance
- 10.5.8.3. Product benchmarking
- 10.5.8.4. Strategic initiatives
- 10.5.9. Connect America
- 10.5.9.1. Overview
- 10.5.9.2. Financial performance
- 10.5.9.3. Product benchmarking
- 10.5.9.4. Strategic initiatives
- 10.5.10. SafeGuardian Senior Medical Alarm SOS Pendants & Smartwatches
- 10.5.10.1. Overview
- 10.5.10.2. Financial performance
- 10.5.10.3. Product benchmarking
- 10.5.10.4. Strategic initiatives