At 16.6% CAGR, Asia Pacific Fall Management Market is Projected to be worth US$ 144.79 million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific fall management market was valued at US$ 42.46 million in 2023 and is expected to reach US$ 144.79 million by 2031, registering a CAGR of 16.6% from 2023 to 2031. Increasing preference for home care and surge in cases of falls are among the critical factors attributed to drive the Asia Pacific fall management market growth.

As senior populations prefer to receive care at their homes, there is an increasing focus on fall management solutions suitable for home care settings. Portable alarm systems and non-slip mats, specifically designed for residential use, are becoming more popular among caregivers and patients' families. Manufacturers focus on the user-friendliness of fall management solutions for homecare environments, allowing seniors to maintain their independence while ensuring their safety. This trend of independence reflects a broader movement toward personalized care models that prioritize comfort and accessibility in managing health risks at home. In July 2024, Gamgee announced the launch of Gamgee Wi-Fi fall protection for the safety of elders. This innovative system utilizes existing Wi-Fi networks to provide a comprehensive solution for elderly care. It addresses the growing demand for effective fall detection and emergency response systems, enabling seniors to live independently and safely in their own homes. The personalization of fall prevention programs is becoming more important as healthcare providers recognize that needs can vary significantly among patients. Tailored interventions, based on specific risk factors such as mobility limitations or cognitive impairments, are gaining traction. Healthcare facilities are likely to implement comprehensive assessments that inform customized fall management strategies for each patient. This approach of customization of fall management solutions for homecare settings not only enhances the effectiveness of interventions but also promotes greater patient engagement in their own care plans. Thus, the increasing preference for elderly care at home drives the progress of the fall management market.

On the contrary, the lack of trained physicians hampers the growth of Asia Pacific fall management market.

Based on products, the Asia Pacific fall management market is segmented into sensor pads, floor mat, hip protectors, alert systems, communication devices, and other products. The alert systems segment held 29.7% market share in 2023, amassing US$ 12.61 million. It is projected to garner US$ 45.59 million by 2031 to register 17.4% CAGR during 2023–2031.

In terms of application, the Asia Pacific fall management market is categorized into fall detection systems, fall prevention equipment and post-fall monitoring and response systems. The fall detection systems segment held 49.0% share of Asia Pacific fall management market in 2023, amassing US$ 20.82 million. It is anticipated to garner US$ 78.96 million by 2031 to expand at 18.1% CAGR during 2023–2031.

By age group, the Asia Pacific fall management market is bifurcated into elderly population (65 and above years) and adults (18-64 years). The elderly population (65 and above years) segment held 69.0% share of Asia Pacific fall management market in 2023, amassing US$ 29.31 million. It is projected to garner US$ 103.68 million by 2031 to expand at 17.1% CAGR from 2023 to 2031.

Based on end user, the Asia Pacific fall management market is categorized into hospitals and clinics, nursing home, home care settings, and other end users. The hospitals and clinics segment held 43.9% share of Asia Pacific fall management market in 2023, amassing US$ 18.66 million. It is predicted to garner US$ 63.68 million by 2031 to expand at 16.6% CAGR between 2023 and 2031.

In terms of country, the Asia Pacific fall management market is categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 27.8% share of Asia Pacific fall management market in 2023. It was assessed at US$ 11.82 million in 2023 and is likely to hit US$ 42.61 million by 2031, registering a CAGR of 17.4% during 2023–2031.

Key players operating in the Asia Pacific fall management market are Alimed Inc, Curbell, Inc., DeRoyal Industries Inc, Emfit Ltd, Rondish Company Limited, Smart Caregiver Corporation, TIDI Products, LLC., Securitas AB, Stryker Corp, Alerta Medical Ltd, Medtec Medical, Inc., Bay Alarm Medical, Personal Safety Corp, SafelyYou, Guardman Products Limited, SensorCare, Tunstall Integrated Healthcare Group, Medline Industries Inc, Vayyar Care, and Crest Healthcare., among others.

• In October 2024, Bay Alarm Medical, a leading medical alert systems company, released its new SOS Micro mobile alert system. The system is an update to the company's popular medical alert offerings, but features newer, smaller hardware.
• In February 2024, SafelyYou, a leader in enhancing safer, person-centered dementia care through real-time AI video technology and 24/7 remote clinical experts, has been named to the latest Fortune Impact 20 list. This list recognizes startups that are addressing critical social and environmental challenges as part of their business model. SafelyYou was selected for its work in reducing resident falls in senior living, which helps lower risks for residents while also saving costs for families and communities.

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