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.
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