DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Fall Detection System Market - Global Forecast to 2022" report to their offering.
The overall fall detection system market was valued at USD 358.6 million in 2016 and is expected to reach USD 497.3 million by 2022, at a CAGR of 5.58% between 2017 and 2022.
Better accessibility to assistance in case of fall leading to reduced medical expenses, increasing demand for smartphone and wearable technology-based fall detection systems, and increasing demand for multimodal technology are the factors driving the growth of the fall detection system market. However, the low practicality and acceptability of the technology among elders, and the use of data from simulated conditions for designing fall detection system algorithms acts as a restraining factor for the market.
Multimodal sensors include accelerometers and gyroscopes; magnetometers; and audio, images, and video clips via speech recognition and on-demand video techniques. The popularity of the machine learning method is the primary reason behind the growth of the market for multimodal sensors in the fall detection system market. The machine learning algorithm needs an array of sensors to carry out a real-time analysis of numbers and differentiate a fall from other activities of daily living. Along with this, multimodal sensors also use artificial intelligence to detect a fall. These factors are expected to act as key drivers for the multimodal sensor market.
- ADT Corporation
- Alertone Services, LLC
- Bay Alarm Medical
- Blue Willow Systems
- Connect America
- Intel Corporation
- Koninklijke Philips N.V.
- Marigroup Oy
- Medical Guardian LLC
- Mytrex, Inc. DBA Rescue Alert
- Semtech Corporation
- Singapore Technologies Electronics Limited
- Tunstall Healthcare Group Ltd.
Vital Connect Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Fall Detection System Market, By Component
8 Fall Detection System Market, By Algorithm
9 Fall Detection System Market, By System
10 Fall Detection System Market, By End User
11 Geographical Analysis
12 Competitive Landscape
13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/8gfdgh/fall_detection