At 14.3% CAGR, North America Fall Management Market is Projected to be worth US$ 300.79 million by 2031, says Business Market Insights

According to Business Market Insights’ research, the North America fall management market was valued at US$ 103.59 million in 2023 and is expected to reach US$ 300.79 million by 2031, registering a CAGR of 14.3% from 2023 to 2031. Introduction of smart technologies and wearable fall detection devices are among the critical factors attributed to drive the North America fall management market growth.

The integration of smart technologies into fall management solutions is an emerging trend aimed at enhancing patient safety. Innovations such as IoT-enabled devices facilitate continuous monitoring of patients' movements and health metrics. For instance, smart beds with pressure sensors can alert caregivers when a patient tries to get up without assistance. This trend is expected to gain momentum during the forecast period as healthcare facilities increasingly adopt connected devices that provide real-time data analytics. Smart fall management solutions can potentially improve response times during emergencies and enhance overall patient care. In March 2023, Guardian, a global height safety specialist, announced a partnership with Twiceme Technology, the rapidly growing safe-tech company based in Sweden. The partnership revolves around the integration of Twiceme's technology in the Guardian's B7-Comfort Harness. Such collaborations and partnerships between companies to develop fall management solutions integrated with advanced technologies are paving the way for further progress in these solutions. In March 2023, Austco, an international manufacturer of nurse call systems and healthcare communication solutions for hospitals and senior care facilities, partnered with Vayyar, the global leader in 4D imaging radar, with an aim to deliver touchless, camera-free fall detection and activity monitoring. The partnership will involve sensor installations in senior care facilities across all operational sites of Austco in Australia, the UK, Canada, and the US.

On the contrary, the lack of trained physicians hampers the growth of North America fall management market.

Based on products, the North America fall management market is segmented into sensor pads, floor mat, hip protectors, alert systems, communication devices, and other products. The alert systems segment held 29.5% market share in 2023, amassing US$ 30.53 million. It is projected to garner US$ 94.01 million by 2031 to register 15.1% CAGR during 2023–2031.

In terms of application, the North America 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 48.6% share of North America fall management market in 2023, amassing US$ 50.31 million. It is anticipated to garner US$ 162.54 million by 2031 to expand at 15.8% CAGR during 2023–2031.

By age group, the North America 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 65.6% share of North America fall management market in 2023, amassing US$ 68.00 million. It is projected to garner US$ 206.81 million by 2031 to expand at 14.9% CAGR from 2023 to 2031.

Based on end user, the North America fall management market is categorized into hospitals and clinics, nursing home, home care settings, and other end users. The hospitals and clinics segment held 43.3% share of North America fall management market in 2023, amassing US$ 44.80 million. It is predicted to garner US$ 130.38 million by 2031 to expand at 14.3% CAGR between 2023 and 2031.

In terms of country, the North America fall management market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 86.8% share of North America fall management market in 2023. It was assessed at US$ 89.94 million in 2023 and is likely to hit US$ 263.80 million by 2031, registering a CAGR of 14.4% during 2023–2031.

Key players operating in the North America 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 April 2022, Guardian Alarm acquired Sievers Security, an independently owned security company based in Cleveland, OH. This acquisition expands Guardian Alarm’s footprint in Ohio by continuing to be the largest security company in the Midwest.
• In November 2022, November is Fall Prevention Month in Canada, a time to raise awareness of this major safety issue for seniors. Medline Canada Marked Fall Prevention Month with Safety Tips for Seniors and Caregivers. Medline can help standardize processes to address key risk factors in fall management. They focus not only on fall management but also on safe patient handling and mobility from a holistic perspective. Together, these approaches promote safety for both patients and staff.

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