North America Fall Management Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Sensor Pads, Floor Mats, and RFID Tags) and End User (Hospitals and Clinics, Nursing Homes, and Others)
The North America fall management market is expected to reach US$ 115.49 million by 2028 from US$ 83.26 million in 2021. The market is estimated to grow at a CAGR of 4.8% from 2021 to 2028.
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.
North America Fall Management Market Revenue and Forecast to 2028 (US$ Million)
North America Fall Management Market Segmentation
Sensor Pads Floor Mat RFID Tags By End User
Hospitals and Clinics Nursing Homes Others By Country
US Canada Mexico Companies Mentioned
Medline Industries, Inc Stanley Black & Decker, Inc. Alimed, Inc. Curbell, Inc De Royal Industries, Inc. Emfit Ltd Personal Safety Corporation Rondish Company Limited. Smart Caregiver Corporation TIDI Products, LLC
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