Wheelchair Market Analysis, Industry Growth Overview, Current Trends, Competitive Opportunities and Industry Forecast to 2024


Market Highlights:
The global Wheelchair Market is estimated to be valued at USD 9,554.07 million by 2024 and is projected to register a CAGR of 2.80% during the forecast period.
A wheelchair is a chair fitted with wheels that are used as a means of transport by individuals who are unable to walk due to illnesses, diseases, or disabilities. Wheelchairs are primarily used by the differently-abled and geriatric population worldwide. Hence the increasing geriatric population ultimately has a positive impact on global wheelchair market growth.
The rising geriatric population and the increasing popularity of Paralympic games are anticipated to drive the market growth. However, the high cost of electric wheelchair products is projected to hamper market growth.
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Key Players:
·         Drive Medical
·         Ottobock
·         Quantum Rehab
·         GF Health Products
·         Karman Healthcare
·         Pride Mobility Products Corp
·         Levo AG
·         Sunrise Medical
Segment Analysis:
·         The global wheelchair market has been segmented on the basis of product type, end user, and region. Wheelchair market, by product type, has been segmented into electric wheelchair, manual wheelchair, and accessories. Based on electric wheelchair segment is further sub-segmented into rear-wheel drive chair, center wheel drive chai, and front-wheel drive chair.
·         Wheelchair market, by end user has been segmented into home care settings; and hospitals and clinics.
Regional Analysis:
The global wheelchair market, based on region, is separated into the Americas, Europe, Asia-Pacific, and the Middle East and Africa.
The Americas is anticipated to hold the largest share of the global wheelchair market. This is owing to the presence of key market players, high prevalence of the chronic disease, and rising geriatric population.
Europe has significant growth in the wheelchair market. This due to the growing elderly population and increasing usage of wheelchair products. According to the United Nations (UN), in Europe, 183.0 million people were aged over 60 in 2017, and this figure is estimated to reach 247.2 million by 2050. These factors are expected to have a positive impact on the wheelchair market in Europe.
Related Reports
·         Global Electrical Hospital Beds Market Research Report: by Type (Semi-automatic, Automatic), by Treatment (Critical Care, Acute Care, Long Term Care), by Application (General Purpose, Psychiatric), by End-user (Hospitals & Clinics, Reproductive Care Centers, Dentistry, Home Care), and Region - Forecast to 2023
·         Global Automated Hospital Beds Market Information: By Type (Semi-Automatic, Fully Automatic), By Technology (Basic, & Smart), By Type of Treatment (Critical Care, Acute Care, & Long Term Care), By Usage (General Purpose, Intensive Care, and others), and By End User (Hospitals & Clinics, and others) - Forecast Till 2023


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