Reports and Insights issued a report recently titled “Wheel Chair Market: Opportunity Analysis and Future Assessment 2022-2030” which examines and assesses the market’s status over the forecast period. It is a thorough investigation that focuses on elementary and secondary drivers, leading segments, market size and share, and geographical assessment. The study also provides a comprehensive evaluation at of the leading players, major partnerships and alliances, mergers, and acquisitions, along with the trending innovation and corporate strategies.
The global wheel chair market in 2022 is estimated for more than US$ 5.5 Bn and expected to reach a value of US$ 9.6 Bn by 2030 with a significant CAGR of 7.3%.
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Wheelchair Introduction
Wheelchairs are assistive mobility devices that help people that are physically affected and are not able to perform their daily activities normally. They are segregated into major four categories that define the new edge of mobility devices such as general-purpose, power wheelchairs, motorized wheelchairs, and manual sports wheelchairs.
Manual wheelchairs are common in their kind and may be operated by the user’s hand or can be propelled by the other person. The reason for being wheelchairs market a growing market is the availability of the products matches the demand of the same and makes it a better market to get into. Since the wheelchairs are available in a variety of shapes, sizes, and prices, which are available, appropriate, and affordable for the demanding population.
Wheelchair Market Dynamics
The rise in the geriatric population in the world and their physical ailments making them unsuitable to perform their daily activities is expected to be one of the important reasons for an increase in traction of the wheelchairs market in the near future.
An increase in sports injury globally is expected to be another reason that is expected to favor the growth in the wheelchairs market over the forecast period. In 2017, around 3.6 Mn people in the U.S. under the age of 15 were using wheelchairs according to pantsupeasy, which is further expected to increase over the forecast period.
Increasing expenditure in technology under the healthcare industry is also one of the major factors, which is expected to increase the demand for wheelchairs market globally over the forecast period. The increase in adoption of wheelchairs by the various affected groups may enhance the demand for the wheelchairs product. Also, the significant increase in demand for more subtle and smooth performing items in wheelchair products is expected to support the increase in the demand for wheelchairs globally.
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Wheelchair Market Segmentation
The wheelchair market is segmented on the basis of product type, weight, modality, end-user, and region
On the basis of product type, the wheelchairs market can be segmented into:
- Manual Wheelchairs
o Active Wheelchair
o Transport Wheelchair
o Others
- Electronic Wheelchairs
o Center Wheel Drive Electric Wheelchair
o Front Wheel Drive Electric Wheelchair
o Standing Electric Wheelchair
o Rear Wheel Drive An Electric Wheelchair
The manual wheelchairs are further segmented into the active wheelchair, transport wheelchair, and others. The electronic wheelchairs are also further divided into center wheel drive electric wheelchair, front wheel drive electric wheelchair, standing electric wheelchair and rear wheel drive an electric wheelchair.
Furthermore, on the basis of weight, the global wheelchairs market can be segmented into:
- Lightweight Wheelchair
- Heavy Wheelchairs
On the basis of modality, the global wheelchairs market can be segmented into:
- Pediatric Powered Wheelchairs
- Adult Powered Wheelchairs
On the basis of the end user, the global wheelchairs market can be segmented into:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Home Care Settings
- Others
The wheelchairs market is expected to increase at a significant CAGR over the forecast period owing to the increasing geriatric population and an increase in the frequency of disability among the various group of population.
Wheelchair Market Key Players
Wheelchairs market is mainly dominated by:
- Invacare Corporation
- Sunrise Medical LLC
- Permobil AB
- Pride Mobility Products Corporation
- LEVO AG
- GF Health Products, Inc.
- MEYRA GmbH
- Aspen Seating
- Drive Medical
- Hoveround Corporation
- Aquila Corporation
- EASE Seating System
- Eagle Sportschairs LLC
- Medical Depot Incorporation
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