Fall Management Market Overview 2023-2028
The global fall management market size reached US$ 184.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 255.7 Million by 2028, exhibiting a growth rate (CAGR) of 5.49% during 2023-2028.
Fall management is a preventive measure that is utilized to minimize fall risk and injuries. It usually involves several medications and equipment, such as body belts, sensor pads, safety nets, floor mats, radio-frequency identification (RFID) tags, connecting devices, suspension belts, whole-body and chest harnesses, etc. Fall management also comprises educating caretakers and families regarding the potential risk of falls and outlining strategies and management plans for high-risk patients. It assists in minimizing the chances of developing fall injuries, prevents untimely death, ensures the highest level of mobility, etc. Consequently, fall management practice is gaining extensive traction across numerous industries to ensure the safety and security of workers.
Fall Management Market Trends and Drivers:
The expanding global geriatric population and the growing prevalence of age-related disorders, such as impaired cognition and vision, are primarily driving the fall management market. Additionally, the inflating levels of industrialization and the increasing occurrence of occupational hazards in the manufacturing and mining industries, owing to the unavailability of appropriate safety measures, are further bolstering the market growth. Besides this, the rising cases of accidental and unintentional injury deaths are augmenting the utilization of fall management practices, which is acting as another significant growth-inducing factor. Moreover, the increasing number of individuals participating in adventure activities, which include river rafting, zip-lining, rock climbing, bungee jumping, mountaineering, etc., is also stimulating the demand for fall management equipment. Apart from this, the launch of favorable policies by government bodies across countries to promote occupational safety and health standards is anticipated to fuel the fall management market over the forecasted period.
Global Fall Management Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 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 segmented the market on the basis of region, product and end user.
Breakup by Product:
- Sensor Pad
- Floor Mat
- RFID Tag
Breakup by End User:
- Hospitals and Clinics
- Nursing Homes
- Others
Breakup by Region:
- 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
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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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