The fall management market size is projected to reach US$ 630.50 million by 2031 from US$ 218.42 million in 2023. The market is estimated to record a CAGR of 14.2% during 2023–2031. The integration of smart technologies with cleanroom technology is likely to bring new trends to the market in the coming years.
Fall Management Market Analysis
A combination of evidence-based practices, technological advancements, and a growing awareness of the consequences of falls among the elderly population increasingly drives adult fall management. With the aging demographic, healthcare providers recognize the need for comprehensive fall prevention strategies encompassing risk assessment, environmental modifications, and patient education. Implementing standardized fall risk assessment tools allows healthcare professionals to identify high-risk individuals early, enabling tailored interventions. Moreover, integrating technology, such as wearable sensors and smart home devices, presents significant opportunities to monitor movement patterns and provide real-time alerts to caregivers, enhancing safety. Educational programs for patients and healthcare staff are essential to foster a culture of safety and awareness regarding fall risks. Community engagement initiatives, such as exercise programs that improve balance and strength, further empower individuals to take proactive measures. As policies increasingly emphasize patient-centered care, there is a unique opportunity for interdisciplinary collaboration to enhance fall management protocols. By leveraging these drivers and opportunities, healthcare systems can significantly reduce fall incidents, improve patient outcomes, and promote overall well-being among adults, particularly in long-term care and rehabilitation settings.
Fall Management Market Overview
As per the World Health Organization (WHO), falls may lead to immobility and nursing home admissions, and they are also the leading cause of mortality worldwide. The Centers for Disease Control and Prevention (CDC) refers to falls as a prominent factor affecting people aged 65 or more by causing severe injuries. More than 14 million, i.e., 1 in 4 older adults, report suffering falls of varying intensities each year. According to a report published by the Population Division of the United Nations, the geriatric population of the world was ~600 million in 2021, and the number is further expected to reach 2 billion by 2050. Moreover, as per statistics published by the CDC in 2024, 1 out of every 10 falls results in injuries in older adults that lead to limitations in daily activities performed by them for a day or more or compel them to seek medical attention. Every year, older adults pay ~3 million visits to emergency departments to seek treatment for falls. Additionally, ~1 million fall-related hospitalizations occur annually in this demographic. Falls are also the most common cause of traumatic brain injuries (TBIs). Therefore, the increasing incidence of falls along with population aging necessitates the development of fall management systems and solutions.
Companies are investing in advanced technologies for fall prevention and detection. In February 2024, Dozee, an Indian startup, introduced an innovative Fall Prevention Alert (FPA) feature in its artificial intelligence-based (AI-based) contactless remote patient monitoring (RPM) and early warning system (EWS). The FPA feature is designed to revolutionize patient safety in hospitals. Securitas Healthcare is one of the companies offering solutions to monitor and reduce patient falls by employing advanced fall alert systems. The company collaborates with trusted partners to enhance patient safety in hospitals by assisting them in implementing effective fall management protocols.
According to an article published in the Journal of Current Medical Research and Opinion in 2021, slips, trips, and fall accidents are the second most common cause of lost workdays in the US healthcare sector. The Hartford Financial Services Group also sites these three among the most common types of claims, collectively accounting for 66% of all claims in healthcare. Thus, they act as a significant source of loss for many industries. Market players are focusing on providing fall prevention solutions in healthcare facilities. In March 2024, HD Nursing, a leader in patient safety solutions, partnered with WellnessMats, a top provider of premium standing solutions. This collaboration was aimed to enhance comfort and safety while reducing fatigue and stress for healthcare professionals in hospitals and health systems. Such collaborations and investments by companies to manage the elevating number of fall incidences would fuel the fall management market growth during the forecast period.
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Fall Management Market: Strategic Insights
Market Size Value in US$ 218.42 Million in 2023 Market Size Value by US$ 630.50 Million by 2031 Growth rate CAGR of 14.2% from 2023 to 2031 Forecast Period 2024-2031 Historic Period 2021-2022
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Fall Management Market: Strategic Insights
| Market Size Value in | US$ 218.42 Million in 2023 |
| Market Size Value by | US$ 630.50 Million by 2031 |
| Growth rate | CAGR of 14.2% from 2023 to 2031 |
| Forecast Period | 2024-2031 |
| Historic Period | 2021-2022 |
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Fall Management Market Drivers and Opportunities
Increasing Preference for Home Care Bolsters 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.
Awareness Programs for Fall Prevention to Create Growth Opportunities
The fall management market is expected to grow with the soaring awareness of the necessity of fall prevention among healthcare providers, patients, and families. According to an article published in PubMed Central in July 2021, the number of grantees in the evidence-based fall prevention programs (EBFPPs) by the Administration for Community Living reached over 85,000 older adults during 2014–2019. Participation in the EBFPPs led to improved confidence, decreased fear of falling, and a reduction in both falls and injurious falls. Additionally, educational campaigns emphasizing the risk of falls and the significant repercussions have motivated healthcare facilities to emphasize fall prevention programs. The CDC launched the STEADI (i.e., Stopping Elderly Accidents, Deaths, and Injuries) initiative in 2012 to help healthcare providers prevent falls in older adults. This program focuses on delivering fall risk assessment tools, patient education materials, and evidence-based intervention strategies to healthcare providers. The CDC works with healthcare facilities to identify at-risk patients and promote measures such as exercise programs and home safety assessments to reduce fall incidents through community engagement and provider training.
In April 2024, Connect America, a leader in virtual care solutions, launched a fall prevention program to assist older adults and all those suffering from chronic conditions to live safely in their homes. This comprehensive program focuses on identifying and predicting fall risks while providing education and support to reduce fall cases among aging and at-risk populations. Therefore, the change toward proactive care highlights the importance of efficient fall management systems, ultimately creating market prospects for businesses that offer novel products designed to fulfill these growing expectations.
Fall Management Market Report Segmentation Analysis
Key segments that contributed to the derivation of the fall management market analysis are product, application, age group, end user, and geography.
- The fall management market, based on product, is segmented into sensor pads, floor mats, hip protectors, alert systems, communication devices, and other products. The alert systems segment held the largest share of the fall management market in 2023, and it is expected to register a significant CAGR during 2023–2031.
- Based on application, the market is segmented into fall detection systems, fall prevention equipment and post-fall monitoring and response systems. The fall detection systems segment held the largest share of the fall management market in 2023.
- The fall management market, based on age group, is segmented into elderly population (65 and above) and adults (18–64 years). The elderly population (65 and above years)segment held the largest share of the fall management market in 2023, and it is expected to register a significant CAGR during 2023–2031.
- Based on end user, the market is segmented into hospitals and clinics, nursing home, home care settings, and other end users. The hospitals and clinics segment held the largest share of the fall management market in 2023.
Fall Management Market Share Analysis by Geography
The geographic scope of the fall management market report is mainly divided into five major regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. North America dominated the market in 2023. Market growth in the region can be ascribed to the presence of key market players, early acceptance of advanced technologies, and well-established healthcare infrastructure. Falls are the prime cause of injuries and death among the elderly. Hence, the awareness of fall management solutions and technologies is growing in the US with the increasing geriatric population as the healthcare sector in the country heavily relies on technological advancements to deliver effective treatments and to extend life expectancy further. The Centers for Disease Control and Prevention (CDC) report that ~25% of older adults suffer falls every year in the country, highlighting the urgency of effective fall prevention and management strategies. As a result, both public and private health sectors have ramped up efforts to address fall risks through various initiatives and strategies for raising awareness about the causes and prevention of falls, along with the importance of early detection and response systems.
Healthcare providers, long-term care facilities, and rehabilitation centers proactively adopt fall management programs, integrating fall risk assessments, strength-building exercises, and balance training into routine care for older adults. For instance, in April 2024, Connect America, a nationally recognized innovator of virtual care solutions that enable older adults and those living with chronic conditions to live safely and well at home, announced the launch of its innovative fall prevention program. The Connect America Fall Prevention Program aims to deal with this problem with the implementation of innovative connected health technologies, such as AI-virtual engagement, predictive analytics, and support services, to help identify and predict those at risk and deliver preventative care interventions to minimize the potential of a fall or mitigate the intensity of a fall injury.
Companies in the US are striving to improve accessibility and affordability through partnerships with government programs such as Medicare and Medicaid, which have started to cover specific management solutions such as fall detection devices. Moreover, healthcare providers and insurance companies increasingly recognize the financial benefits of investing in fall prevention, as they can reduce the costs associated with injuries caused by falls, which are expensive to treat and manage. As awareness grows, fall management solutions are becoming more integrated into the broader healthcare system. Therefore, the US fall management market is expanding rapidly with sustained efforts to raise awareness, enhance accessibility, and improve affordability to ensure the widescale adoption of fall prevention and management solutions.
Fall Management Market Report Scope
Fall Management Market News and Recent Developments
The fall management market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the key developments in the fall management market are listed below:
- 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. (Source: Bay Alarm Medical, Company Website, October 2024)
- Tunstall Healthcare, a connected care and health solutions provider, launched a new and innovative product, Tunstall GO, which provides two-way speech, fall detection and locatability. Developed by Chiptech, it complements telecare packages by providing users with the means to easily access help when away from home. (Source: Tunstall Healthcare, Company Website, March 2021).
Fall Management Market Report Coverage and Deliverables
The "Fall Management Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Fall management market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Fall management market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Fall management market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the fall management market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The market is expected to register a CAGR of 14.2% during 2023–2031.
The fall management market value is expected to reach US$ 630.50 million by 2031.
The introduction of smart technologies is expected to emerge as a prime trend in the market in the coming years.
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 Corporation; SafelyYou; Guardman Products Limited; SensorCare; Tunstall Integrated Healthcare Group; Medline Industries Inc; Vayyar Care; and Crest Healthcare are among the key players in the market.
A surge in the cases of falls and increasing preference for home care are among the most significant factors fueling the market growth.
North America dominated the market in 2023.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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