Wheelchairs Market Technological Advancements & Competitive Insights to 2026

Wheelchairs
are primarily designed for disable individuals for the ease of indoor
and outdoor locomotion purpose. Various types of wheelchairs are
available in the market, such as recliner wheelchairs, active
wheelchairs (sports wheelchairs), transport wheelchairs, and standing
wheelchairs. Two major types of wheelchairs are manual wheelchairs
and electric wheelchair. Manual wheelchair is cost effective than
electric wheelchairs as it requires less maintenance. The recent past
has witnessed a rising trend of consumers opting for highly
customized wheelchairs, which in turn creates a highly conducive
environment for growth of the global wheelchairs market. Major
players in the market are inclined towards inorganic growth
strategies in order to enhance their product portfolio. For example,
Permobil AB acquired five companies during 2013-2017 in order to
significantly strengthen its global footprint.
Rise in aging
population is expected to favor the growth of wheelchair market
North America
accounts for the largest share in the global wheelchair market,
followed by Europe and Asia Pacific. Mostly wheelchairs are used by
elder people who are near to the age of 60’s and above. As per
Population Reference Bureau 2016 report, in the U.S. around 46
million people of age 60 and above are estimated to use wheel chair,
the number is expected to reach around 98 million by 2060 supporting
the share of North America for the wheelchairs market. Asia Pacific
region is expected to show growth in wheel chair market, owing to
increasing population in economies like China and India. Major
investments in healthcare fuels the growth of wheelchairs market in
this region. The wheelchairs market is expected to show high growth
rate in Asia-Pacific region over the forecast period as Asia consist
of 60% of the world’s current population.
According to
National Institute on Aging in 2010, 524 million people were
estimated to be of age 65 or older, which is 8% of the world's
population. The number is expected to be nearly triple to 1.5
billion, representing 16% of the world's population by
2050. The above mentioned statistics is expected favor the growth of
Wheelchairs market globally.
Market Taxonomy
The report segments
the global wheelchairs market on basis of product type, weight,
modality end-user, and geography. On the basis of product type, the
wheelchair market is categorized into manual wheelchairs and
electronic wheelchair, where manual wheelchairs are sub-categorized
into active wheelchairs, transport wheelchairs, and others. Whereas,
electronic wheelchairs are sub-categorized into center wheel drive
electric wheelchair, front wheel drive electric wheelchair, standing
electric wheelchair, and rear wheel drive electric wheelchairs.
Electronic wheelchair segment dominates the wheelchair market
throughout the forecast period. On the basis of weight, the
wheelchair market is divided into two segment, which are light weight
and heavy weight wheelchairs. Furthermore, market is segmented on
basis of modality that include pediatric powered wheelchairs and
adult powered wheelchairs. On basis of end-user, the wheelchair
market is segmented into hospitals, clinics, ambulatory surgical
centers, home care settings, and others. The last segment of
wheelchairs market is on the basis of geography, which is divided
into North America, Latin America, Europe, Asia Pacific, Middle East,
and Africa. Among all regions, North America contributes major market
share supported by increased incidence rate of disabilities.
Key Players:
Invacare Corporation, Sunrise Medical LLC, Ottobock Healthcare, 21st
Century Scientific, Inc., Permobil AB, Pride Mobility Products
Corporation, LEVO AG, GF Health Products, Inc., MEYRA GmbH, Hoveround
Corporation, Aquila Corporation, Aspen Seating, Drive Medical, Eagle
Sportschairs LLC., EASE Seating System, and Medical Depot
Incorporation.
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