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 wheel...