This report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Wheelchairs Industry.
Market Definition:
An electric wheelchair, also referred to as power wheelchair is a wheelchair that is driven with the help of an electric motor and not manual efforts. These electric wheelchairs are light-weight and provide mobility in a light package. The electric wheelchairs provide compact size, and are ideal for confined spaces and narrow doorways.
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Market Analysis with Latest Growth Factors:
Factors promoting the rate of adoption of electric wheelchairs include ease of mobility, increasing elderly population across the globe, convenience, and high demand for advanced wheelchairs from the sports industry, as large number of sports events are planned for disabled persons for example wheelchair basketball, wheelchair rugby, and others. Also, the increasing automation trend resulting in enhanced investment returns and cost optimization are father driving the market growth. These electric chairs are durable, adjustable as well as possess special seats with soft pads especially for orthopedic patients. Rise in aged population, requirement of automated wheelchair for disabled population and rise in disposable income of people are the major factors fueling the wheelchairs market growth.
However, factors such as high price of electric wheel chair as well as lack of awareness and infrastructure, such as broken pathways, non-availability of ramps in buses & trains for wheelchair users hamper the rate of adoption of electrical wheelchairs.
Market Segment:
The global wheelchairs market is segmented based on product type and region. Depending on product type, the wheelchairs market is classified into center wheel drive, front wheel drive, standing electric wheelchair, rear wheel drive, and others. Among these market segments, the center and front wheel drive segments are high in demand and comprise of combined market share of over 60% in global electric wheelchairs market.
Rise in the number of spinal cord injuries, elderly population, technological enhancements and high rate of adoption of artificial intelligence are factors propelling the high adoption of electrical wheelchairs. In the U.S, there is a rise in the number of serious traumatic spinal cord injuries owing to accidents and falls. The present number of senior citizens are highly active thereby resulting in balance and cognitive issues that contributes to high risk for falls.
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Major Key Players:
Some of the industry players in wheelchairs market include GF Health Products, Inc., Pride Mobility Products Corp., Otto Bock Healthcare GmbH, LEVO AG Sunrise Medical Limited, Drive Medical Ltd., Karman Healthcare, Permobil AB, Invacare Corporation, and MEYRA GmbH.
Major Points from Table of content:
Executive Summary
Research Methodology
Market Dynamics
Industry Overview
Global Wheelchairs Market, By Product (2017-2025)
Global Wheelchairs Market, By Regions (2017-2025)
Market Competition Analysis
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