Sensor Pads Segment to Register Highest CAGR During 2021-2028
According to our latest study on “Fall Management Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product and End User,” the market is expected to grow from US$ 171.36 million in 2021 to US$ 230.10 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market.
Based on product, the fall management market is segmented into sensor pads, floor mats, and RFID tags. The sensor pads segment would account for the largest market share during 2021–2028.
By end user, the fall management market is segmented into hospitals and clinics, nursing homes, and others. The hospitals and clinics segment held a considerable share of the market in 2021, and it is likely to continue its dominance in the market during the forecast period.
As per various National Center for Biotechnology Information (NCBI) reports, the COVID-19 pandemic has a significant impact on the global health economies. As major healthcare infrastructures were focused on the treatment of COVID-19 patients, a decline in demand for fall management systems was observed across healthcare facilities and nursing homes. Also, large-scale disruption of global supply chains restrains the fall management market growth. As COVID-19 can cause drastic effect on elderly adults, most geriatric procedures and visits were postponed. Also, adults were advised to avoid hospitals and clinics as much as possible to prevent virus infection. This led to a decline in the demand for fall management and detection systems as the major falls and fall-related incidents have been correlated with elderly adults. However, the normalization of supply chains and vaccination drives against the novel coronavirus would create steady growth opportunities for the market in the coming years.
Medline Industries, Inc.; Stanley Black & Decker, Inc.; AliMed, Inc.; Curbell, Inc.; Deroyal Industries, Inc.; Emfit Ltd.; Personal Safety Corp.; Rondish Co. Ltd.; Smart Caregiver Corp.; and TIDI Products, LLC. are among the leading companies operating in the fall management market.
Fall Management Market, by Region, 2021 (%)
Fall Management Market Size & Growth | Report 2021, 28
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Fall Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Sensor Pads, Floor Mats, and RFID Tags) and End User (Hospitals and Clinics, Nursing Homes, and Others)
Fall Management Market Size & Growth | Report 2021, 28
Download Free SampleFall Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Sensor Pads, Floor Mats, and RFID Tags) and End User (Hospitals and Clinics, Nursing Homes, and Others)
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