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Devices that detect falls automatically use technology to identify seniors who are at risk of falling and quickly summon assistance. A medical alert system with fall detection enables the user to seek for assistance without pressing the call button. If the user falls, these systems immediately activate the sensor.
The global AI – based smart fall detection market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
One of the key factors propelling the market for fall detection systems is the rising elderly population across the globe. One of the main public health issues affecting the elderly is falling. Elderly fall injuries have a number of negative effects on the elderly victims’ families and healthcare systems.
The market is also being affected by the increase in demand for fall detection systems based on wearable and smartphone technology to provide improved access to aid in the event of a fall. The industry is also developing as a result of rising medical spending costs and rising demand for multimodal technology.
Additionally, the fall detection system is positively impacted by rising urbanization, a change in lifestyle, a spike in investments, and higher consumer spending.Key companies that provide smartwatches with fall detection give market participants lucrative potential.
For instance, the Apple Watch 5 has a built-in watch detecting feature that, when it doesn’t detect movement, dials 911 immediately. Additionally, the market will grow due to the development of fall detection technologies based on Wi-Fi and machine learning.
RECENT PRODUCT DEVELOPMENT AND INNOVATION
Following the successful General Availability launch of KamiCare, an artificial intelligence (AI) fall management solution for senior living communities, Kami Vision has introduced Fall Detect by KamiCare, the first at-home AI fall detection and assistance system available without a wearable or pull alarm.
The inexpensive vision AI, two-way audio, private incident verification, and other tools used by Fall Detect by KamiCare, a division of Kami Vision, a computer vision firm that offers AI solutions to enterprise, SMB, and consumers, assist detect and prevent senior fall risk.
