The wheelchair market is expected to record a healthy market growth at a healthy CAGR of 6.48% during the review period of 2020 to 2027. A wheelchair, fitted with wheels, is utilized to ship people who can't stroll because of sicknesses, diseases, or inabilities. Wheelchairs are essentially utilized by the in an unexpected way abled and geriatric populace around the world.
The global wheelchair market is expected to register a healthy market growth during the review period having the highest value of USD 3,720.47 million in 2019. Electric wheelchairs are utilized by old and handicapped individuals, as they face challenges working a manual wheelchair adequately. Manual wheelchairs are lightweight and require less support contrasted with electric wheelchairs. However, the high cost, larger size, high maintenance, and repair are expected to restrain the global market during the review period. Moreover, the rising geriatric population and increasing Paralympic games are set to fuel the growth of the global market during the review period.
The global wheelchair market has been divided based on product, category, and end-use.
By Product type, the global market has been classified into Electric wheelchairs, Manual wheelchairs, and Accessories. Based on Manual Wheelchair the global market is classified into Standard Manual Wheelchairs, Light and Ultra Lightweight Wheelchairs, Bariatric Wheelchairs, and Sport Wheelchairs
By Electric Wheelchair the market has been further classified into Rear-Wheel-Drive Chair, Center Wheel Drive Chair, and Front-Wheel Drive Chair. In terms of accessories, the global wheelchair market has been segmented into wheelchair ramps, batteries and chargers, wheelchair trays, armrest accessories, postural support accessories, and others.
Based on category Category the global wheelchair market has been divided into Adults and Pediatric.
The End User segment classifies the global market into Home Care Settings and hospitals.
The global wheelchair market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East & Africa.
The Americas is expected to drive the biggest share of the global wheelchair market during the forecast period owing to the advanced healthcare sector and existing major players in the region.
Europe is expected to register the second largest market for wheelchairs owing to the rising support from the government, the large pool of old-age population, and increasing healthcare expenditure.
Middle East & Africa:
The wheelchair market in Middle East & Africa is expected to register steady growth during the review period due to developing healthcare infrastructure and continuously increasing demand for products.
Key Companies Covered
The major players in the global wheelchair market are Invacare Corporation (US), Ottobock (Germany), Drive Medical (US), and Pride Mobility Products Corp. (US), Invacare Corporation (US), Ottobock (Germany), Drive Medical (US), Pride Mobility Products Corp. (US), Quantum Rehab (US), GF Health Products, Inc. (US), Karman Healthcare, Inc. (US), Levo AG (Switzerland), Sunrise Medical (Germany), and Medline Industries, Inc. (US).
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