Fall Management Market Outlook 2026 | Industry Outlook and Future Scenarios
Posted by Sanyukta K on July 22nd, 2022
Fall management reduces the risk of falls and fall-related injuries while maintaining and ensuring a high level of mobility. According to statistics published by the WHO, in 2018, falls are the second leading cause of accidental death worldwide. About 646,000 people die from falls worldwide. Adults over the age of 65 have the greatest decline. About 37.3 million falls require medical attention each year.
Increase in the incidence of disability, favorable healthcare improvements, and increase in the prevalence of chronic diseases along with the growth of the aging population are the key factors contributing significantly to the growth of the global fall management market. For example, according to the WHO, the global population aged 60 and over is projected to reach 2 billion by 2050. Additionally, factors such as favorable reimbursement policies and technological innovations in the field of fall management have encouraged the adoption of fall management. products, which leads to market growth.
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Medications (especially psychotropic medications) are associated with a higher risk of falls, which can reduce activities of daily living. The goals of fall management include reducing the risk of injury, reducing the likelihood of falling, ensuring continued follow-up, and maintaining a high level of mobility. Falls and fall-related injuries are among the most common and serious medical problems experienced by older adults. Age-related disorders such as visual impairment and impaired cognition increase, leading to decreased strength and significant impact on physical condition.
Key Market Players
The global fall management market is segmented by product and region. Depending on the product, the fall management market is segmented into sensor pads, floor mats, and RFID tags. By region, it is studied in North America, Europe, Asia-Pacific and LAMEA.
North America dominated the fall management market in 2018 and is expected to continue this trend during the forecast period due to the growth of the aging population in the region. Additionally, increase in demand for fall management systems for improved quality of life and increased adoption of technologically advanced systems in everyday life in the US is expected to drive growth in the fall management market.
By product, the sensor pad segment accounts for the largest share of the market, as they are available in various variants such as floor sensor pads, bed sensor pads, and chair sensor pads. The sensor pad acts as a key tool that helps prevent falls. A fall management sensor pad is used with a senior care alarm to alert the nurse. Bed sensor pad and chair sensor pad are two types of sensor pads available in the market. Moreover, they are wireless and are preferred for most dementia patients.
Key Benefits for Stakeholders:
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About the AuthorSanyukta K
Joined: July 13th, 2022
Articles Posted: 49
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