Published on : Feb 09, 2016
In modern healthcare, fall detection system is a relatively new addition. As the name suggests, the usability of the device lies in mitigating some adverse consequences that happen as a result of a fall. With advancement of technology, wherein GPS and cellular communication systems are integrated with fall detection systems, which have proven to be worthwhile for timely medical attention. Thus, product manufacturers and service providers are leveraging opportunities for installation of fall detection systems that have socio-economic benefits.
Worldwide, healthcare costs that are related to falls in old age are on the rise. There are several reasons for this. Rising pool of geriatric population that suffer from stroke and chronic diseases and increasing incidence of Alzheimer’s diseases in this population are some of the primary reasons for installation of fall detection systems. As per the last population census, across the world, 12.5% of individuals that are 65 years of age and older and 45% of individuals that are 85 years of age and older suffer from Alzheimer’s disease. Due to the extensive penetration of smartphones in this population and a fascination for adopting advanced technologies, this population are opting for top-notch medical services for timely medical care in the event of an accident. This holds promise for higher adoption of fall detection systems among the geriatrics.
On the contrary, lack of awareness, high cost of the device, and incorrect opinion about product reliability are deterring deployment of these devices. Nevertheless, fall detection systems proffer benefits that will offset the affordability concern about these devices. These include ease of accessibility and effectual care for potential customers, resulting in lucrative growth prospects for product manufacturers and service providers.
Fall detection systems proffer best results if used in the form of wearable devices. Device portability and ease of use of wearable devices to be handled by senior citizens are receiving increased adoption of these devices. In present times, senior citizens are opting for advanced technology healthcare that allows them to live independently and safely in their own homes. For this reason, fall detection systems suitable for home care settings receive more installations. Registering a share of 69.8% of the global market in 2015, home care settings will account for a share of 72.1% by 2021.