Wheelchairs Market By Product Type (Powered Wheelchair, Manual Wheelchair), Industry Analysis 2015-2019 And Forecast 2020-2025 By Innovation Market Research, Inc

 Pulichser: 99strategy

February 2020

 Pages: 87

 IMR 3512

Global Wheelchairs (Powered and Manual) Market Analysis 2015-2019 and Forecast 2020-2025 By Innovation Market Research, Inc. The Global Wheelchairs (Powered and Manual) Market is likely to exhibit a CAGR of XXXX between 2020 and 2025 (forecast period). Wheelchairs represent a commonly used assistive technology intended to act as a support system for people who are unable to move normally or at all due to acquired, degenerative, or congenital disorders. Positive changes in the society’s perspective toward disabilities and rise in government initiatives to provide wheelchairs at subsidized rates for differently abled people are projected to escalate the growth of the market.

Growing global geriatric population is one of the primary growth stimulators of the market. Rising aging population is leading to increase in cases of lifestyle diseases such as arthritis, heart diseases, diabetes, and asthma. Despite improved life expectancy rates, drugs, and therapies due to advancements in medical science, the consequences of aging can be extreme for the physique. Elderly people are highly susceptible to chronic diseases, which can lead to mobility impairment. Rising incidence of obesity and spinal cord injuries can also provide a fillip to the market.

Mounting cases of medical emergencies are expected to stoke the growth of the wheelchair market over the forecast period. Outdoor and industrial accidents, natural disasters, and fire breakouts are among the leading factors causing medical emergencies. Their increasing number is impelling healthcare facilities to expand their stock of mobility products, operation theaters, and workforce in order to serve patients better.

Surging demand for Electric Wheelchairs is poised to shape the future of the market. This type of wheelchair is adjustable and durable, thereby offering ease of mobility and convenience. In addition, spiraling demand for advanced mobility products from the sports industry for organizing sports events such as wheelchair basketball and wheelchair racing for disabled persons can augment the market.

Innovations and advancements in wheelchairs are anticipated to trigger the growth of the market in coming years. For instance, in Jan 2018, Whill announced the launch of a new, lightweight, and stylish Model Ci electric wheelchair. The wheelchair operates on a lithium-ion battery, which allows it to travel 10 miles, with the help of a joystick-enabled navigation in the right armrest, on a single charge.

The Global Wheelchairs (Powered and Manual) Market has been reviewed on the basis of product and geography. In terms of product, the market has been divided into powered wheelchairs and manual wheelchairs. Based on geography, the market has been segmented into Europe, Middle East, and Africa (EMEA), Americas, and Asia Pacific (APAC).

Americas is anticipated to account for a substantial share in the market through 2022. Rapid technological advancements are promoting the adoption of sophisticated equipment in healthcare facilities in developed countries such as the U.S. and Canada. High disposable income of the populace is translating into the greater uptake of Wheelchairs (Powered and Manual) for home-based healthcare setup. Presence of a wide base of geriatric population is also expected to propel the regional market.

Asia Pacific is estimated to register a significant CAGR during the forecast period. Improving healthcare infrastructure and rising incidence of mobility disabilities are projected to supplement the growth of the market in APAC. Rising disposable income along with government subsidies on wheelchairs can benefit the regional market.

A Wheelchair is a chair with wheels. The device comes in variations allowing either manual propulsion by the seated occupant turning the rear wheels by hand, or electric propulsion by motors. There are often handles behind the seat to allow it to be pushed by another person.Wheelchairs are used by people for whom walking is difficult or impossible due to illness, injury, or disability.

The global Wheelchairs (Powered and Manual) market size is estimated at xxx million USD with a CAGR xx% from 2015-2019 and is expected to reach xxx Million USD in 2020 with a CAGR xx% from 2020 to 2025. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Wheelchairs (Powered and Manual) by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
Wheelchairs Powered
Wheelchairs Manual

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
Invacare Corp
Sunrise Medical
Permobil Corp
Pride Mobility
Drive Medical
GF Health
Hoveround Corp
N.V. Vermeiren

Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
Recuperation mechanism
Family expenses

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)

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