Fall management is involves preventive actions to reduce the risk of accidental falls suffered by older individuals and minimize injuries. Falls and fall-related injuries are the most common medical concern experienced by elderly people. Products used in fall management include sensor pad, radio frequency identification (RFID) tag, and floor mat.
The global fall management market garnered $152.46 million in 2018, and is estimated to reach $216.82 million by 2026, growing at a CAGR of 4.5% from 2019 to 2026. The major factors that drive the growth of the fall management market include rise in incidence of disabilities that result from non-communicable diseases, favorable healthcare reforms, and rapid surge in geriatric population coupled with increase in prevalence of chronic diseases. However, high maintenance expense of fall management products is expected to restrain the growth of the global market.
The global fall management market is segmented into product and region. By product, the market is categorized into sensor pad, floor mat, and RFID Tag. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The global fall management market includes key players such as Alimed, Inc., Curbell, Inc., Deroyal Inc., Emfit Ltd., Medline Industries, Inc., Personal Safety Corporation (PSC), Rondish Company Limited, Smart Caregiver Corporation, Stanley Black & Decker, Inc., and Tidi Products, LLC.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Product
By Region
LIST OF KEY PLAYERS PROFILED IN THE REPORT
The global fall management market garnered $152.46 million in 2018, and is estimated to reach $216.82 million by 2026, growing at a CAGR of 4.5% from 2019 to 2026. The major factors that drive the growth of the fall management market include rise in incidence of disabilities that result from non-communicable diseases, favorable healthcare reforms, and rapid surge in geriatric population coupled with increase in prevalence of chronic diseases. However, high maintenance expense of fall management products is expected to restrain the growth of the global market.
The global fall management market is segmented into product and region. By product, the market is categorized into sensor pad, floor mat, and RFID Tag. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The global fall management market includes key players such as Alimed, Inc., Curbell, Inc., Deroyal Inc., Emfit Ltd., Medline Industries, Inc., Personal Safety Corporation (PSC), Rondish Company Limited, Smart Caregiver Corporation, Stanley Black & Decker, Inc., and Tidi Products, LLC.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
- Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
- Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.
KEY MARKET SEGMENTS
By Product
- Sensor Pad
- Floor Mat
- RFID Tag
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- Alimed, Inc.
- Curbell, Inc.
- Deroyal Inc.
- Emfit Ltd.
- Medline Industries, Inc.
- Personal Safety Corporation (PSC)
- Rondish Company Limited
- Smart Caregiver Corporation
- Stanley Black & Decker, Inc.
- Tidi Products, LLC
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FALL MANAGEMENT MARKET, BY PRODUCT
CHAPTER 5: FALL MANAGEMENT MARKET, BY REGION
CHAPTER 6: COMPANY PROFILES
Executive Summary
According to the report titled 'Global Fall management market by Product and Application: Opportunity Analysis and Industry Forecast, 2019-2026,' the global fall management market garnered $152.46 million in 2018 and is estimated to reach $216.82 million by 2026, growing at a CAGR of 4.5% from 2019 to 2026.Fall management involves preventive actions, which assist to minimize the risk of accidental falls among the geriatric population and to prevent injuries. Falls and fall-related injuries are prevalent medical issues experienced by elderly people. Products used in fall management include sensor pad, radio frequency identification (RFID) tag, and floor mat.
The growth of the global fall management market is driven by rise in incidence of disabilities that result from non-communicable diseases, favorable healthcare reforms, and rapid growth in geriatric population coupled with increase in prevalence of chronic diseases. However, high maintenance expense of fall management products is expected to restrain the growth of the global market. On the contrary, surge in a demand of the fall management products boosts the market growth.
Depending on product, the sensor pad garnered the largest share in 2018, and is anticipated to continue this trend during the forecast period. This is attributed to increasing usage of sensor pads for fall management alarm in conjunction with senior care alarms to notify the nurse.
By region, North America accounted for the largest share in 2018, and is expected to continue this trend during the forecast period. This is attributed to the fact that elderly people are highly susceptible to fall due to illnesses and other physical conditions that can affect their strength and balance. In addition, surge in prevalence of neurological disorder such as vertigo in the U.S., which affect the strength and balance, and other age-related factors such as weak eyesight and poor hearing condition increase the risk of fall and fall-related injuries among the geriatric population.
According to Onkar Sumant, Assistant Manager, Healthcare, 'The growth of the global fall management market is majorly driven by rise in geriatric population across the globe and increase in prevalence of chronic diseases, which affect the strength and weakens physical condition, thereby increasing the risk of falls and fall-related injuries. Furthermore, increase in demand for fall management systems due to their enhanced effectiveness is expected to drive the growth of the market during the forecast period.”
KEY FINDINGS OF THE STUDY
- North America occupied largest share of the global fall management market in 2018.
- Floor mat segment is anticipated to grow with the highest CAGR throughout the forecast period.
Comprehensive competitive analysis and profiles of major market players such as Alimed, Inc., Curbell, Inc., Deroyal Inc., Emfit Ltd., Medline Industries, Inc., Personal Safety Corporation (PSC), Rondish Company Limited, Smart Caregiver Corporation, Stanley Black & Decker, Inc., and Tidi Products, LLC.
Companies Mentioned
- Alimed Inc.
- Curbell Inc.
- Deroyal Inc.
- Emfit Ltd.
- Medline Industries Inc.
- Personal Safety Corporation (PSC)
- Rondish Company Limited
- Smart Caregiver Corporation
- Stanley Black & Decker Inc.
- Tidi Products LLC.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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