The latest research study “Fall Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″ by IMARC Group, finds that the global fall management market size reached US$ 172.53 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 242.67 Million by 2027, exhibiting a growth rate (CAGR) of 5.60% during 2022-2027.
Fall management refers to the preventive measures adopted to reduce injuries and fall risk. It involves various medications and equipment, such as body belts, sensor pads, floor mats, safety nets, radio-frequency identification (RFID) tags, connecting devices, suspension belts, and full body and chest harnesses.
Fall management also aids in educating families and caretakers about the potential risk of collapses and outlining strategies and administration plans for high-risk patients. It minimizes the chances of developing fall injuries, ensures the highest level of mobility, and prevents untimely death. As a result, fall management practice finds widespread applications in hospitals, clinics, and nursing homes across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Fall Management Market Trends and Drivers:
The expanding geriatric population and the escalating prevalence of age-related disorders, including impaired cognition and vision, are among the primary factors driving the fall management market.
Besides this, the elevating requirement for these practices, owing to the high cases of accidental and unintentional injury and deaths, is further augmenting the market growth. Moreover, the increasing participation of individuals in adventure activities, such as zip-lining, skiing, rock climbing, bungee jumping, river rafting, and mountaineering, is propelling the demand for fall management equipment, which is also catalyzing the global market.
Apart from this, the emerging trend of industrialization and the rising instances of occupational hazards in mining and manufacturing industries, on account of the unavailability of appropriate safety measures, are acting as significant growth-inducing factors. Additionally, the extensive utilization of these practices to reduce life-threatening injuries is also stimulating the market growth. Furthermore, the launch of several policies by the government bodies to promote occupational safety and health standards is expected to bolster the fall management market in the coming years.
Fall Management Market Report Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alimed Inc, Curbell Medical Products Inc. (Curbell Inc.), DeRoyal Industries Inc., Medline Industries LP, Personal Safety Corporation, Rondish Company Limited, Smart Caregiver Corporation, Stanley Black & Decker Inc. and TIDI Products LLC.
The report has been segmented the market into following categories:
- Sensor Pad
- Floor Mat
- RFID Tag
- Hospitals and Clinics
- Nursing Homes
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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