The WHO has listed falling as one of the leading causes of death, and it may lead to immobility and admission to nursing homes in less severe cases. Moreover, the WHO reported that ~37.3 million falls occur every year that need medical support, and ~646,000 elderly people die from fall injuries. According to a report released by the Population Division of the United Nations, the geriatric population (with age 60 or above) of the world was ~600 million in 2021, and the number is further anticipated to reach 2 billion by 2050. The frequency of falling is greater among elderlies. As per the Centers for Disease Control and Prevention (CDC), ~33% of elderly people fall every year. As the number of cases of falls in the geriatric population is increasing, the demand for fall detection systems is growing across developing and undeveloped countries. The function of fall detection systems is based on five sensors—accelerometer, gyroscope, proximity, sensor, microphone, and GPS embedded in smartphones. With the coordinated operation of these sensors, the systems call for instant help and reduce risks, such as hypothermia, bronchopneumonia, dehydration, pressure sores, and post-fall anxiety syndromes, which could compromise any activity of daily living (ADL).
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the fall management market. The North America fall management market is expected to grow at a good CAGR during the forecast period.
Strategic insights for the North America Fall Management provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 83.26 Million |
Market Size by 2028 | US$ 115.49 Million |
Global CAGR (2021 - 2028) | 4.8% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Product
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The geographic scope of the North America Fall Management refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America Fall Management Market is valued at US$ 83.26 Million in 2021, it is projected to reach US$ 115.49 Million by 2028.
As per our report North America Fall Management Market, the market size is valued at US$ 83.26 Million in 2021, projecting it to reach US$ 115.49 Million by 2028. This translates to a CAGR of approximately 4.8% during the forecast period.
The North America Fall Management Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Fall Management Market report:
The North America Fall Management Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Fall Management Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Fall Management Market value chain can benefit from the information contained in a comprehensive market report.