Report : Asia Pacific Fall Management Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Sensor Pads, Floor Mats, and RFID Tags) and End User (Hospitals and Clinics, Nursing Homes, and Others)
Sensor Pad Segment has the Largest Share of Product in the Asia Pacific Fall Management Market during 2021–2028
According to our latest study on “Asia Pacific Fall Management Market Forecast to 2028 – COVID-19 Impact and Analysis – by Product and End User,” the market is projected to reach US$ 29.20 million by 2028 from US$ 22.55 million in 2021; it is expected to grow at a CAGR of 3.8% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as surge in geriatric population and use of multimodal technology in fall detection systems. However, lack of awareness regarding fall management system hamper the market growth.
Based on product, the fall management market is segmented into sensor pads, floor mats, RFID Tags. In 2020, sensor pads segment accounted for the highest share of the market in the forecasted period. Moreover the sensor pads segment registered the highest CAGR of 4.1% during the forecast period. As they are used to alert staff and patients when they attempt to leave the wheelchair or bed.
Medline Industries, Inc., Stanley Black & Decker, Inc. DeRoyal Industries, Inc., Emfit Ltd, Personal Safety Corporation, Rondish Company Limited. , TIDI Products, LLC are among the leading companies in the Asia Pacific fall management market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for fall management market is segmented into product, and end user. Based on product, the Asia Pacific fall management market is segmented into sensor pads, floor mats, and RFID Tags. Based on end user, the Asia Pacific fall management market is segmented into hospitals and clinics, nursing homes, and others. Geographically, the fall management market is segmented into Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of APAC).
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