Fall Detection System Market Landscape, Segmentation, Analysis and Forecasts 2022
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. This report provides the market size and growth potential of the fall detection system market across different segments such as component, algorithm, system, end user, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the fall detection system market. Factors such as the increasing geriatric population and the adoption of machine learning approach for detecting fall are expected to propel the growth of the overall market. The base year considered for the study is 2016, and the market size forecast is provided for the period between 2017 and 2022.
The research methodology used to estimate and forecast the fall detection system market begins with capturing data on key vendor revenues through secondary research. The secondary sources include US National Library of Medicine Association, International Journal of Telemedicine and Applications; annual reports, press releases, investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, websites, directories, and databases, among others. The vendor offerings have also been taken into consideration to determine the market segmentation.
Browse 64 market data Tables and 73 Figures spread through 154 Pages and in-depth TOC on “Fall Detection System Market”
The bottom-up procedure has been employed to arrive at the size of the overall market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with key industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary respondents is depicted in the figure below.
The fall detection system ecosystem includes research and development (R&D) phase, followed by manufacturing and assembly, distribution, marketing and sales, and post-sales services. Koninklijke Philips N.V. (Netherlands), Tunstall Healthcare Group Ltd. (UK), The ADT Corporation (US), Singapore Technologies Electronics Limited (Singapore), and Semtech Corporation (Netherlands) are involved in the manufacturing and assembly of the fall detection system market. These companies further sell these systems either directly to the end users or to suppliers such as Connect America (US), Medical Guardian LLC (US), and Bay Alarm Medical (US).
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Key Target Audience
- Original device manufacturers (ODMs)
- Component suppliers
- Research organizations and consulting companies
- Application providers
- Subcomponent manufacturers
- Maintenance and service providers
- Technology providers
- Associations, organizations, forums, and alliances related to fall detection system
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