Global Fall Detection System Market, 2015 to 2021 Persistence Market Research Global Fall Detection System Market to Account for US$ 448.1 Bn by 2021: Persistence Market Research Persistence Market Research 1 Global Fall Detection System Market, 2015 to 2021 Persistence Market Research Released New Market Report According to a new market report published by Persistence Market Research ‘Global Market Study on Fall Detection Systems: North America to Witness Highest Growth by 2021’, the global fall detection system market is expected to expand at a CAGR of 4.9% during the forecast period (2015-2021). Fall detection system is a device that is used to alert emergency services in the event of a fall. Such devices have the potential to mitigate some of the adverse consequences of a fall. The fall detection systems market accounted for US$ 321.3 Mn in 2014 and is expected to increase to US$ 448.1 Mn by 2021 at a CAGR of 4.9 % over the forecast period. The market for fall detection systems, though shrouded by the high cost of equipment, false positives of equipment and lack of awareness, presents lucrative opportunities for manufacturers and service providers alike, as these offer ease of accessibility, affordability, and effective administration to potential customers. The report analyses the global fall detection system market in terms of market value (US$ Mn), by product type, sensing modalities, technology, end use, and region. It also provides information regarding market dynamics, value chain, competitive landscape, current trends, market estimations and forecast. Interested in report: Please follow the below the links to meet your requirements;  Request for the Report Sample: http://www.persistencemarketresearch.com/samples/8878  View TOC (table of content), Figures and Tables of the Report: http://www.persistencemarketresearch.com/market-research/fall-detection-systemmarket.asp North America is expected to dominate the global fall detection market throughout the forecast period, driven by increasing number of falls among the geriatric population, rising prevalence of chronic diseases, the proliferation of smartphones and adoption of fall detection systems as a supportive tool for independent living. The U.S. is the largest market Persistence Market Research 2 Global Fall Detection System Market, 2015 to 2021 for fall detection systems in North America. The fall detection systems market in the U.S. is expected to increase from the current estimated value of US$ 124.7 Mn in 2015 to US$ 175.0 Mn by 2021, registering a CAGR of 5.8% over the forecast period. Rising number of falls among the geriatric population, increasing demand for fall detection systems due to their superior effectiveness, and increased focus on maintaining the superior quality of life are factors expected to boost overall demand for fall detection systems, worldwide, in the near future. By product type, the fall detection system market is segmented into automatic fall detection systems and manual fall detection system. The automatic fall detection systems segment is expected to dominate the overall fall detection systems market by the end of 2021. The segment is projected to register an above average growth rate over the forecast period. By sensing modalities, the fall detection system market is segmented into wearable and non-wearable segments. Among these, the wearable segment is expected to dominate the overall market by 2021, owing to the ease of use and portability of these devices and rising number of falls among the aging population and increasing adoption of new technologies by the elderly to live independently and safely at home. By technology, fall detection system market is segmented into GPS systems, mobile phones, and sensors. Among these, sensors segment is expected to gain high demand in comparison to all another segment over the forecast period. By end user, fall detection system market is segmented into home care settings and senior assisted living facilities. Among these, home care settings segment is expected to remain the most attractive, and is estimated to account for 69.8% share of the global by 2015 end, and further increase to 72.1% by 2021. Key market participants covered in the report include Koninklijke Philips N.V, LifeWatch USA, Tunstall, ADT Security Services, Medical Guardian LLC, MobileHelp, Bay Alarm Company, and MariCare Oy. The fall detection systems market is segmented as follows: Persistence Market Research 3 Global Fall Detection System Market, 2015 to 2021 By Product Type  Automatic Fall Detection Systems  Manual Fall Detection Systems By Sensing Modalities  Wearable  Watches  Necklace  Clip-on  Non-Wearable  Floor Sensors  Wall Sensors  Cameras By Technology  GPS Systems  Mobile Phones  Sensors By End User  Home Care Settings  Senior Assisted Living Facilities By Region  North America  Latin America Persistence Market Research 4 Global Fall Detection System Market, 2015 to 2021  Europe  Asia Pacific  Middle East & Africa Market History: Rising prevalence of chronic disease and increasing number of stroke cases among geriatric population is leading to increasing number of falls. One of the main causes of falls among older population is rising incidence of Alzheimer. It has been estimated that 12.5% of people 65 years and older and 45% of people 85 years and older suffer from Alzheimer’s. Also, nearly twice as many women as men suffer from the disease. Fall detection systems such as automatic fall detection systems and manual fall detection systems are used to alert emergency services in the event of a fall. Such devices have the potential to mitigate some of the adverse consequences of a fall. These systems can be classified as wearable pendant that can be attached to a watch or a necklace. Certain fall detection sensors can be clipped onto the user’s pocket, while some fall detection systems providers also provide fall detection cellular phone, floor sensors, wall sensors and cameras. The global fall detection systems market has been estimated to account for a market value of US$ 335.4 Mn in 2015, and is projected to witness stable growth across all global regions, due to rising incidence of chronic diseases, proliferation of smartphones and rising healthcare spending. Drivers and Trends The primary growth driver for the fall detection systems is rising geriatric population opting for enhanced medical alert services. Global ageing population is increasing rapidly. Between 2000 and 2050, the geriatric population is expected to account for 11% – 22% of the overall population, growing from 605 million to 2 billion over the same period. Furthermore, increased penetration of smartphones among geriatric population and technological advancements creates a favorable environment for growth of the global fall detection system market over the forecast period. Persistence Market Research 5 Global Fall Detection System Market, 2015 to 2021 Manufacturers of fall detection systems are more focused on integrating advanced technologies such as GPS and cellular communication in order to maintain competitive advantage in the market. Technological advancements have led to integration of innovative solutions in fall detection devices that automatically trigger an alarm even if the user is unable to press the button due to loss of consciousness or injury. Rising overall healthcare expenditure is also expected to contribute to the overall growth of the fall detection system market in the near future. Falls have an adverse economic impact on the immediate family, community, and society. Healthcare costs associated with falls in older age are increasing significantly across the world. Regional Analysis The market in North America is expected to expand at the highest CAGR in terms of value over the forecast period. Increasing prevalence of chronic diseases and rising healthcare spending are factors that are expected to further drive demand for fall detection system and thus, lead to standardization of the market in the region. Also wide availability of free people locator applications is adversely affecting adoption of paid subscription services for fall detection systems. Cost issues and lack of reimbursement policies are expected to slightly hamper growth of the market in North America during the forecast period. Europe is the second-most lucrative destination for fall detection systems. High costs of device and lack of awareness regarding use and adoption of fall detection system is expected to affect overall market for fall detection systems in the region over the next few years. The Europe market is expected to expand at a stable CAGR over the forecast period. Major companies based in Europe are looking to expand their base outside Europe to better cater to growing global demand for fall detection systems. The Asia Pacific market is expected to expand at the highest CAGR, followed by North America, Europe, and Latin America over the forecast period. The Middle East & Africa accounts for a nominal share of the overall fall detection system, but is expected to evolve over time with increasing technological advancements and rising awareness through promotional campaigns. Persistence Market Research 6 Global Fall Detection System Market, 2015 to 2021 Key market participants covered in the report include Koninklijke Philips N.V, LifeWatch USA, Tunstall, ADT Security Services, Medical Guardian LLC, MobileHelp, Bay Alarm Company, and MariCare Oy. About Us: Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs. Contact Us: Persistence Market Research 305 Broadway 7th Floor, New York City, NY 10007, United States, USA - Canada Toll Free: 800-961-0353 Persistence Market Research 7 Global Fall Detection System Market, 2015 to 2021 Email: [email protected] Web: http://www.persistencemarketresearch.com Persistence Market Research 8