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Wheelchair Market Outline Size, Share, Future Trends, Growth Factors, Technology Innovation Competitive Landscape Research Report Analysis, Future Opportunity, Industry Forecast 2024

October 14th, 2019 Market Research Future Releases

Report Provides An Elaborate Summary Of The Market, Including A Market Snapshot And Company Profiles Of Key Players Competing In The Wheelchair Market , Global Wheelchair Market Information By Product Type (Electric Wheelchair {Rear Wheel Drive Chair}, Manual Wheelchair {Sport Wheelchairs}), Accessories {Wheelchair Ramps}), End User (Home Care Settings And Hospitals And Clinics) And Region – Forecast Till 2024

Market Players

Market Research Future (MRFR) recognizes Drive Medical (US), Ottobock (Germany), Quantum Rehab (US), GF Health Products, Inc. (US), Karman Healthcare, Inc. (US), Pride Mobility Products Corp. (US), Levo AG (Switzerland), Sunrise Medical (Germany), Medline Industries, Inc. (US), and Invacare Corporation (US) as the key players in the global wheelchair market.

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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Segment Analysis

The global wheelchair market has been segmented on the basis of product type, end-user, and region. The wheelchair market, by product type, has been segmented into an electric wheelchair, manual wheelchair, and accessories. Based on the electric wheelchair segment is further sub-segmented into rear-wheel drive chair, center wheel drive chai, and front-wheel drive chair.

The wheelchair market for manual wheelchair segment is sub-segmented into standard manual wheelchairs, light and ultra-lightweight wheelchairs, bariatric wheelchairs, and, sport wheelchairs. Based on accessories, the market segmented into wheelchair ramps, postural support accessories, armrest accessories, wheelchair trays, and batteries & chargers. The wheelchair market, by end-user, has been segmented into home care settings; and hospitals and clinics.

The players operating in the global wheelchair market are focusing on product launches, along with expanding their global footprints by entering untapped markets.

  • In February 2018, Ottoback made its new product Discovery Care Chair available to customers in the UK, thus increasing its share in the European market. Discovery Care consists of a deep contoured Contour-Seat cushion which is located on a solid seat pan and is available in four different sizes, thus provides extra comfort to the user.
  • In February 2017, Drive DeVilbiss Healthcare introduced the Cruiser II Wheelchair. Cruiser II Wheelchair consists of an array of stand-out accessories, like wheel lock extensions, anti-tippers, and a seat belt. These accessories fall under separate HCPCS codes which are billable on delivery of wheelchair, thus maximizes reimbursement for the provider.
  • In June 2015, Stealth Products, a subsidiary of Quantum Rehab, acquired Accessible Designs, Inc, a San Antonio-based company known for its ultralight wheelchair seating systems and aftermarket accessories. The acquisition added unique features, like ultralight manual wheelchair disc braking system, to its products.

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.

Asia-Pacific is projected to be the fastest-growing region in the global wheelchair market due to the large pool of geriatric population and rising number of hospitals. According to a report published by the Indian Central Bureau of Health Intelligence, in March 2017, around 23,582 government hospitals in the county, of which 19,810 were located in rural areas and 3,772 in urban areas.

Also, the wheelchair market in the Middle East and Africa region is likely to exhibit the lowest growth due to factors such as limited access to and availability of treatment facilities.

Key Findings of the Study:

  • The Global Wheelchair Market was valued at USD 8,095.24 million in 2018, is estimated to grow at USD 9,554.07 million by 2024 at a CAGR of 2.80% during the assessment period
  • The Americas accounted for the largest share of the global wheelchair market due to the presence of key market players and an increasing geriatric population in the US and Canada
  • Based on product type, the electric wheelchair segment accounted for the largest market share of 47.14% in 2018
  • Based on end user, the home care settings segment dominated the market and projected to register the highest CAGR of 2.90% during the forecast period

 1.Market Introduction

  • 1 Definition 14
  • 2 Scope Of The Study 14
  • 3 Market Structure 14

2.Research Methodology

2.1 Research Process 15

2.2 Primary Research 16

2.3 Secondary Research 17

2.4 Market Size Estimation 18

2.5 Forecast Model 18

  1. Market Dynamics

3.1 Introduction 19

3.2 Drivers 20

3.2.1 Increasing Geriatric Population 20

3.2.2 Increasing Popularity Of Paralympic Games 20

3.3 Restraints 20

3.3.1 Ease Of Use And High Cost 20

4.Market Factor Analysis

4.1 Value Chain Analysis 22

4.2 Porter’s Five Forces Model 24

4.2.1 The Threat Of New Entrants 24

4.2.2 Bargaining Power Of Suppliers 24

4.2.3 Bargaining Power Of Buyers 25

5.Global Wheelchair Market, by Product Type

5.1 Introduction 26

5.2 Electric Wheelchair 28

5.2.1 Rear Wheel Drive Chair 29

5.2.2 Center Wheel Drive Chair 29

5.2.3 Front Wheel Drive Chair 30

5.3 Manual Wheelchair 30

5.3.1 Standard Manual Wheelchairs 31

5.3.2 Light And Ultra Lightweight Wheelchairs 32

6 . Global Wheelchair Market, by End User

6.1 Introduction 39

6.2 Home Care Settings 40

6.3 Hospitals And Clinics 40

7 . Global Wheelchair Market, by Region

7.1 Introduction 41

7.2 Americas 43

7.2.1 North America 46

7.2.2 Latin America 55

7.3 Europe 58

7.3.1 Western Europe 58

7.3.2 Eastern Europe 80

8.Company Landscape

8.1 Introduction 115

8.2 Key Developments 116

9.Company Profile

9.1 Drive Medical 117

9.1.1 Company Overview 117

9.1.2 Financial Overview 117

9.1.3 Products/Services Offered 117

9.1.4 Key Developments 118

9.1.5 SWOT Analysis 118

9.1.6 Key Strategies 118

10.Appendix

10.1 References 140

10.2 Related Reports 14

 11.List of Tables

TABLE 1 GLOBAL WHEELCHAIR MARKET, BY PRODUCT TYPE 2016-2024 (USD MILLION) 27

TABLE 2 GLOBAL WHEELCHAIR MARKET FOR ELECTRIC WHEELCHAIR, BY TYPE 2016-2024 (USD MILLION) 28

TABLE 3 GLOBAL WHEELCHAIR MARKET FOR ELECTRIC WHEELCHAIR, BY REGION 2016-2024 (USD MILLION) 28

TABLE 4 GLOBAL WHEELCHAIR MARKET FOR REAR WHEEL DRIVE CHAIR, BY REGION 2016-2024 (USD MILLION) 29

TABLE 5 GLOBAL WHEELCHAIR MARKET FOR CENTER WHEEL DRIVE CHAIR, BY REGION 2016-2024 (USD MILLION) 29

TABLE 6 GLOBAL WHEELCHAIR MARKET FOR FRONT WHEEL DRIVE CHAIR, BY REGION 2016-2024 (USD MILLION) 30

TABLE 7 GLOBAL WHEELCHAIR MARKET FOR MANUAL WHEELCHAIR, BY TYPE 2016-2024 (USD MILLION) 30

TABLE 8 GLOBAL WHEELCHAIR MARKET FOR MANUAL WHEELCHAIR, BY REGION 2016-2024 (USD MILLION) 31

TABLE 9 GLOBAL WHEELCHAIR MARKET FOR STANDARD MANUAL WHEELCHAIRS, BY REGION 2016-2024 (USD MILLION) 31

TABLE 10 GLOBAL WHEELCHAIR MARKET FOR LIGHT AND ULTRA LIGHTWEIGHT WHEELCHAIRS, BY REGION 2016-2024 (USD MILLION)

 12.List of Figures

FIGURE 1 GLOBAL WHEELCHAIR MARKET: MARKET STRUCTURE 14

FIGURE 2 RESEARCH PROCESS OF MRFR 15

FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACH 18

FIGURE 4 MARKET DYNAMICS: ANALYSIS OF THE GLOBAL WHEELCHAIR MARKET 19

FIGURE 5 VALUE CHAIN: GLOBAL WHEELCHAIR MARKET 22

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL WHEELCHAIR MARKET 24

TOC Continued…

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/wheelchair-market-8405

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Magarpatta Road, Hadapsar,

Pune – 411028

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Email: sales@marketresearchfuture.com

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