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 involves the adoption of preventive measures to lower the risk of falls and injuries. It includes various medications and equipment, including sensor pads, floor mats, radio-frequency identification (RFID) tags, connecting devices, suspension belts, safety nets, body belts, and whole-body and chest harnesses. It comprises outlining strategies and management plans for high-risk patients and educating caretakers and families about the potential risk of falls. It ensures the highest level of mobility, reduces the risk of fall injuries, and helps prevent premature death. As a result, fall management is gaining immense traction across numerous industries to ensure workers’ security and safety.
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 global fall management market is primarily driven by the rising prevalence of age-related disorders, such as impaired cognition and vision. Moreover, the increasing incidences of occupational hazards in the manufacturing and mining industries due to inadequate safety measures have accelerated the product adoption rate. Additionally, the rising number of deaths from unintentional and accidental injuries is positively influencing market growth. Besides this, workers at construction sites need to work on elevated platforms, steep roofs, and wall openings that are extremely dangerous for falls and injuries. In line with this, the increasing use of fall management practices to minimize life-threatening injuries has catalyzed market growth. Furthermore, the rising popularity of adventure sports such as bungee jumping, river rafting, zip-lining, skiing, rock climbing, and mountaineering has augmented product demand. Other factors, including the rising global geriatric population, favorable government policies promoting occupational safety and health standards, and rapid industrialization, are also anticipated to drive the market toward growth.
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Fall Management Market Report Segmentation:
Competitive Landscape:
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:
Breakup by Product:
- Sensor Pad
- Floor Mat
- RFID Tag
Breakup by End User:
- Hospitals and Clinics
- Nursing Homes
- Others
By Geography:
- 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
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• 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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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