Fall management plays a vital role in healthcare by prioritizing the prevention of falls and minimizing associated risks. The impact of falls can be particularly severe for older adults, individuals with limited mobility, and those with specific medical conditions. These incidents can result in injuries such as fractures, head trauma, and sprains, leading to decreased independence, higher healthcare expenses, and a lower quality of life. Therefore, it is crucial to implement effective fall management strategies in various settings, including hospitals, nursing homes, assisted living facilities, and home care environments. As a result, the importance of fall management is gaining significant attention across different industries, ensuring the safety and security of workers.
How Big is the Global Fall Management Market?
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.
Global Fall Management Market Trends:
The growth of the global fall management market is primarily fueled by several factors. Firstly, there is a growing prevalence of age-related disorders, such as impaired cognition and vision, which has increased the demand for fall management solutions. Secondly, inadequate safety measures in industries like manufacturing and mining have led to an increase in occupational hazards, driving the adoption of fall management products. Additionally, the rising number of unintentional and accidental injuries resulting in fatalities has created a positive impact on the market growth.
Furthermore, construction sites pose significant risks for workers due to elevated platforms, steep roofs, and wall openings, making falls and injuries a major concern. As a result, the implementation of fall management practices to reduce life-threatening injuries has become increasingly important, further driving the market growth. Moreover, the growing popularity of adventure sports such as bungee jumping, river rafting, zip-lining, skiing, rock climbing, and mountaineering has also contributed to the increased demand for fall management solutions.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Sensor Pad
- Floor Mat
- RFID Tag
Breakup by End User:
- Hospitals and Clinics
- Nursing Homes
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
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.
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