The fall detection system market

The most exciting is to see that, 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. 

Research and Markets reveals that, 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.