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The Global Fall Detection Systems Market Growth Accelerated By Increased Adoption Among Elderly Population

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Pooja Khodke
The Global Fall Detection Systems Market Growth Accelerated By Increased Adoption Among Elderly Population

Fall detection systems have emerged as an important safety solution for monitoring elderly individuals residing alone or in old age homes. These systems use advanced sensors and technologies to automatically detect falls and alert caregivers or emergency services. The growing elderly population globally has increased the demand for such systems to provide assistance and emergency medical aid.

The global Fall Detection Systems Market is estimated to be valued at Us$ 6399.13 Mn in 2023 and is expected to exhibit a CAGR Of 4.1% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:


The increased adoption of fall detection systems among elderly population has accelerated the market growth over the past few years. As per statistical reports, around 30% of the population aged 65 and above suffer from falls each year. Moreover, falls are the leading cause of injury deaths and the most common cause of non-fatal injuries and hospital admissions for trauma. In order to ensure timely medical assistance, nursing homes, assisted living facilities, and home healthcare providers are increasingly deploying fall detection systems. Wearables and device-based solutions that can automatically detect falls using advanced sensors and alert caregivers are becoming popular for independent senior monitoring. This growing demand from elderly care segment will continue to drive the fall detection systems market during the forecast period.


Segment Analysis


Fall Detection Systems Market is dominated by Automatic fall detection systems sub segment. These systems automatically detect the fall without any manual input and triggers an alert. With rising focus on independent living of elderly population, demand for automatic systems is increasing. These systems provide safety and independence to elderly people.


Key Takeaways


The Global Fall Detection Systems Market Demand is expected to witness high growth over the forecast period. The market is driven by rising elderly population prone to falls, increasing focus on patient safety and independent living. The global Fall Detection Systems Market is estimated to be valued at US$ 6399.13 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030.


Regional analysis


North America is currently the largest and fastest growing regional market for fall detection systems. Rising healthcare expenditure and availability of advanced healthcare infrastructure is supporting market growth in the region. Growing elderly population and their preference for independent living is further driving demand for fall detection products and services in North America.


Key players


Key players operating in the Fall Detection Systems Market are YRC Freight, XPO Logistics, Old Dominion, UPS Freight, Estes Express Lines, ABF Freight, R+L Carriers, Saia Motor Freight Line, Southeastern Freight Lines, Holland Regional, J.B. Hunt, Schneider, Swift Transportation, Werner Enterprises.


Get more insights on this topic : 

https://www.insightprobing.com/the-global-fall-detection-systems-market-is-driven-by-rising-elderly-population-vulnerable-to-falls/


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