Startup Ideas AI

There is a growing concern for the safety of elderly individuals living alone. A startup that provides remote monitoring and fall detection services could help caregivers and family members ensure the well-being of their loved ones. This service could use wearable devices and advanced algorithms to detect falls and alert emergency services or designated contacts. Market size: The global fall detection system market is projected to reach $479.55 million by 2025, with a CAGR of 4.26% during the forecast period.