Fall Detection Systems Market Sales Size Forecast 2027

Posted by Tejas Agrawal on January 9th, 2020

A fall detection system is a device that is used to alert emergency services in the event of a fall. Such devices have the potential to mitigate some of the adverse consequences of a fall.

The global fall detection systems market is estimated to account for US$ 402.8 Mn in terms of value in 2019 and is expected to account for US$ 604.3 Mn by the end of 2027.

Increasing geriatric population is expected to boost growth of the global fall detection systems market over the forecast period. For instance, according to the World Health Organization (WHO), the worldwide geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.

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Moreover, increasing prevalence of various chronic diseases such as Alzheimer’s disease, dementia, cardiovascular diseases, chronic obstructive pulmonary disease, (COPD) and diabetes is also expected to propel growth of the market. For instance, according to WHO, the number of people suffering from dementia is expected to reach 65.7 million by 2030.

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Tejas Agrawal

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Tejas Agrawal
Joined: January 7th, 2020
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