PRN: Fall Detection System Market to Reach $497 Million by 2022 - Increasing Demand for Smartphone & Wearable Technology - Research and Markets

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Fall Detection System Market to Reach $497 Million by 2022 - Increasing Demand for Smartphone & Wearable Technology - Research and Markets

 
[30-May-2017]
 

DUBLIN, May 30, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Fall Detection System Market - Global Forecast to 2022" report to their offering.

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According to the forecast provided, the overall fall detection system market was valued at USD 358.6 Million in 2016 and is expected to reach USD 497.3 Million by 2022, at a CAGR of 5.58% between 2017 and 2022. The growth of this market is driven by the availability of better accessibility to assistance in case of fall leading to reduced medical expenses, increasing demand for smartphone and wearable technology, and increasing demand for multimodal technology.

This report segments the fall detection system market on the basis of component, algorithm, system, end user, and geography. Accelerometers & gyroscopes led the market in 2016. Machine learning methods is the fastest-growing algorithm owing to the fact that machine learning method increases the robustness, sensitivity, and specificity of the fall detection system. Considering the market segmented on the basis of end user, senior citizens home end user held the largest size of the fall detection system market in 2016, while the market for hospitals, nursing, and senior assisted living facilities end users is likely to grow at the highest rate during the forecast period.

Wearable system is expected to hold the largest size of the fall detection system market during the forecast period. This is because wearable systems can be used in homes as well as outside. Furthermore, the availability of devices pre-installed with the machine learning algorithm is expected to be a major driver for the growth of the wearable systems segment. Also, wearable systems are preferred owing to their advantage of cost-efficiency and easy installation.

North America held the largest share of the fall detection system market in 2016. Asia Pacific is expected to be the fastest-growing market mainly because of technological innovations and the growing penetration of personal emergency response systems in the country. Along with this, the increasing geriatric population will also act as a key driver for the growth of the fall detection system market.

Companies Mentioned

  • ADT Corporation
  • Alertone Services, LLC
  • Bay Alarm Medical
  • Blue Willow Systems
  • Connect America
  • Intel Corporation
  • Koninklijke Philips N.V.
  • Lifefone
  • Marigroup Oy
  • Medical Guardian LLC
  • Mobilehelp
  • Mytrex, Inc. DBA Rescue Alert
  • Semtech Corporation
  • Singapore Technologies Electronics Limited
  • Tunstall Healthcare Group Ltd.
  • Vital Connect Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Fall Detection System Market, By Component

8 Fall Detection System Market, By Algorithm

9 Fall Detection System Market, By System

10 Fall Detection System Market, By End User

11 Geographical Analysis

12 Competitive Landscape

13 Company Profiles

14 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/ktznqf/fall_detection

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Laura Wood, Senior Manager
press@researchandmarkets.com 

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