The fall management market is projected to reach US$ 230.10 million by 2028 from US$ 171.36 million in 2021; it is expected to grow at a CAGR of 4.3% from 2021 to 2028.
The surge in the geriatric population is one of the key factors driving the growth of the market. As per the World Health Organization (WHO), falls are the second leading cause of unintentional injury deaths worldwide. Mortality from falls is higher among adults above the age of 60 years. An estimated 684,000 fatal falls occur each year. The financial costs related to fall-related injuries are substantial. For an elderly adult, the average healthcare costs due to a fall in Ireland and Australia are US$ 3,611 and US$ 1,049, respectively. In the geriatric population, the prevalence of falls in the US ranges from 20 to 30%. However, in India, it is around 26–37%. Statistics from the United Nations show that the total geriatric population in countries such as China, India, the US, and Japan is the highest while the percentage of elderly adults to the total population is highest in Japan, Germany, and Italy at 28.2%, 21.4%, and 22.8%, respectively. The high prevalence rate of falls in the rising population of elderly adults is expected to create significant growth opportunities for fall management systems and products in hospitals, clinics, and nursing homes during the forecast period.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Fall Management Market: Strategic Insights
Market Size Value in US$ 171.36 Million in 2021 Market Size Value by US$ 230.10 Million by 2028 Growth rate CAGR of 4.3% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
Akshay
Have a question?
Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Fall Management Market: Strategic Insights
| Market Size Value in | US$ 171.36 Million in 2021 |
| Market Size Value by | US$ 230.10 Million by 2028 |
| Growth rate | CAGR of 4.3% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
Akshay
Have a question?
Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
North America is likely to continue its dominance in the fall management market during 2021–2028. The US holds the largest share of the market in North America and is expected to continue this trend during the forecast period. According to the Patient Safety Network and the Agency for Healthcare Research and Quality, an estimated 700,000 to 1 million hospitalized patients fall every year in the US. Also, out of the estimated 1.6 million nursing home residents, 800,000 residents fall annually, and one out of three of those who fall will fall two or more times in a year. More than one-third of in-hospital falls result in injuries ranging from fractures to head traumas. Due to these factors, fall prevention has become a crucial part of quality improvement in hospitals, clinics, and nursing homes with intensive research efforts being made for robust fall prevention and detection, which is driving the market’s growth in the region. The presence of key market players in the region is also expected to boost the market in North America in the coming years.
Lucrative Regions for Fall Management Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Use of Multimodal Technology in Fall Detection Systems Drives Market Growth
In recent years, the adoption of multimodal technology to develop fall detection systems has significantly improved the efficiency and precision of the systems. These technologies are based on wearable sensors, ambient sensors, and vision devices, which have ensured the fall detection system technologies are modern and have better functionality and utility in the current market landscape. The use of multimodal technology ensures inputs from various detectors and sensors are taken into account which provides a better detection system. Potential prospects of using deep learning through neural networks are expected to reduce the chances of false positives and create a highly robust and precise system. Research and development are increasing the overall efficiency of the system. Therefore, the use of multimodal technology for fall detection systems is expected to drive the growth of the fall management market.
Product-Based Insights
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. Sensor pads can be a part of larger fall detection systems, chair sensors, bed sensors, and floor sensors, which makes the product multi-functional. Therefore. the pads provide fall detection and prevention of a diverse set of environments and conditions. Companies such as Key Security; AliMed; Curbell Medical Products, Inc.; and Personal Safety Corporation have developed various products related to the segment owing to its popularity and applicability. Sensor pads can be connected to smart devices for better monitoring of patients and residents wherein, the systems use sensors pads to detect a fall and alert relevant caretakers. Also, the use of smart devices allows efficient daily activity monitoring of residents in nursing homes to ensure immediate assistance in case of falls.
Fall Management Market, by Product – 2021 and 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
End User-Based Insights
Based on end user, the fall management market is segmented into hospitals and clinics, nursing homes, and others. The hospitals and clinics segment holds a considerable market share and is projected to continue its dominance during the forecast period. According to the US Agency for Healthcare Research and Quality, annually 700,000 to 1 million people falls occur in the US. Similarly, the National Audit of Inpatient Falls (NAIF) 2020 Annual Report found over 247,000 falls occurred in patients in hospital settings in the UK in 2019-2020. Also, as per a study by the Indian Journal of Public Health in 2019, falls were the most frequent incidents, especially among elderly adults, in critical care hospitals accounting for 14–53% in India. These statistics show a higher incidence of falls in hospitals and clinics, which can lead to injuries and subsequent lawsuits due to negligence. Therefore, for better care and monitoring, the demand for fall management systems is expected to be the highest in hospitals and clinics during the forecast period.
Companies operating in the fall management market adopt the product innovation strategy to meet the evolving customer demands across the world and maintain brand name in the global market. Also, the companies in the market create partnerships with healthcare bodies to ensure longstanding growth.
Fall Management Market – Segmentation
Based on product, the fall management market is segmented into sensor pads, floor mats, and RFID tags.
By end user, the fall management market is segmented into hospitals and clinics, nursing homes, and others.
Fall Management Market – by Geography
Based on geography, the fall management market is primarily segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The European fall management market is sub-segmented into Germany, France, the UK, Spain, Italy, and the Rest of Europe. The market in the Asia Pacific is sub-segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The fall management market in the Middle East and Africa is further segmented into Saudi Arabia, the UAE, South Africa, and the Rest of the Middle East and Africa. The market in South and Central America is sub-segmented into Brazil, Argentina, and the Rest of South and Central America.
Company Profiles
- 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.
- TIDI Products, LLC.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Fall Management includes any action taken for help for reducing the number of accidental falls suffered by susceptible individuals such as the elderly and people suffering from neurological or orthopedic indications. The main aim for fall management include reducing the chances of falling, reducing the risk of injury, maintaining the highest possible level of mobility, and ensuring ongoing follow-up.
Increasing geriatric population is one of the most significant factors responsible for the overall market growth.
Based on product, sensor pads segment took the forefront lead in the worldwide market by accounting largest share in 2020 and is expected to continue to do so till the forecast period.
The hospitals and clinics segment dominated the global fall management market and accounted for the largest market share of 44.59% Mn in 2021.
Medline Industries, Inc., Stanley Black & Decker, Inc., Alimed, Inc., Curbell, Inc., Deroyal Industries, Inc., Emfit Ltd., Personal Safety Corporation, Rondish Company Limted, Smart Caregiver Corporation, TIDI Products, LLC are among the leading companies operating in the global fall management market
Global fall management market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In North America, the U.S. is the largest market for fall management market. The US is estimated to hold the largest share in the fall management market during the forecast period. The presence of top players and favorable regulations related to product approvals coupled with commercializing new products are the contributing factors for the regional growth. Additionally, the increasing number of R&D activities is the key factor responsible for the Asia-Pacific regional growth for fall management accounting fastest growth of the region during the coming years.
The List of Companies - Fall Management Market
- Medline Industries, Inc.
- Stanley Black & Decker Inc.
- Alimed, Inc.
- Curbell, Inc.
- DeRoyal Industries, Inc.
- Emfit Ltd.
- Personal Safety Corporation
- Rondish Company Limited
- Smart Caregiver Corporation
- TIDI Products, LLC.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Fall Management Market
Feb 2022
Colonoscopes Market
Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Fiber Optic Colonoscopy Devices, Video Colonoscopy Devices); Application (Colorectal Cancer, Lynch Syndrome, Ulcerative Colitis, Crohn's Disease, Polyp); End User (Hospitals, Ambulatory Surgery Center, Others), and Geography
Feb 2022
Noninvasive Fat Reduction Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Cryolipolysis, Laser Lipolysis, Ultrasound, and Others), End User (Hospitals, Dermatology Clinics & Cosmetic Clinics, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Feb 2022
Medical Ultrasound Flow Meter Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Implementation Type (Clamp-On, Inline, and Others), Technology (Doppler, Transit Time, and Hybrid), Application (Heart and Lung Machines, Extracorporeal Membrane Oxygenation, Perfusion, Organ Transportation Systems, and Others), End User (Hospitals and Clinics, Ambulatory Surgical Centers, Research Laboratories, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Feb 2022
Rapid Test Kits Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Rapid Antigen Testing, Rapid Antibody Testing, and Others), Product (Over-the-Counter Rapid Testing Kit and Professional Rapid Testing Kit), Technology (Lateral Flow Assay, Solid Phase, Agglutination, Immunospot Assay, and Cellular Component-Based), Application (Blood Glucose Testing, Infectious Disease Testing, Pregnancy and Fertility, Cardiometabolic Testing, and Others), End User (Hospital and Clinics, Home Care, Diagnostics Centers, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Feb 2022
Osteoarthritis Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Therapy Type [Transcutaneous Electrical Nerve Stimulation (TENS), Occupational Therapy, Physical Therapy, Platelet-Rich Plasma Therapy and Stromal Vascular Fraction, Prolotherapy, and Others], Disease Indication (Knee Osteoarthritis, Spine Osteoarthritis, Foot and Ankle Osteoarthritis, Shoulder Osteoarthritis, Hand Osteoarthritis, and Others), End User (Hospitals & Clinics, Specialty Clinics, Ambulatory Surgical Centers, Homecare, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Feb 2022
Bariatric Surgeries Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type [Adjustable Gastric Bands (AGB), Sleeve Gastrectomy, Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch (BPD-DS), and Others], End User (Hospitals and Ambulatory Surgical Centers), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Feb 2022
Post-Acute Care Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Service Type (Skilled Nursing Facilities, Inpatient Rehabilitation Facilities, Long-Term Care Hospitals, Home Health Agency, and Others), Age (Elderly, Adult, and Others), Disease Conditions (Amputations, Wound Management, Brain Injury and Spinal Cord Injury, Neurological Disorders, and Others), and Geography
Feb 2022
Lung Cancer Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Therapy Type (Noninvasive and Minimally Invasive), Indication (Non-Small Cell Lung Cancer and Small Cell Lung Cancer), End User (Hospitals, Oncology Clinics, Research Centers, and Others), and Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)