MRFR offering latest research report with global analysis on 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, Wheelchair industry depth study of all the leading factors influencing the market on a global and regional level, including drivers, restraints, threats, challenges, opportunities, and industry-specific trends, Global Wheelchair Market is estimated to be valued at USD 9,554.07 Million by 2024
Market Players : Wheelchair Market
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 : Wheelchair Market
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 : Wheelchair Market
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.
Regional Analysis : Wheelchair Market
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
TABLE OF CONTENTS:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
Chapter 6. Global Wheelchair Market , By Type
6.1 Introduction
6.2 Instruments And Consumables
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
6.3 Services
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
6.4 Workflow Products
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
Chapter 7. Global Wheelchair Market , By Product
7.1 Introduction
7.2 Systematic Antibiotics
7.3 Sequencing Services
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
7.4 Sequencing Instruments And Consumables
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
Continued…
LIST OF TABLES:
Table 1 Global Wheelchair Market Synopsis, 2018–2023
Table 2 Global Wheelchair Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Wheelchair Market , By Types, 2018–2023 (USD Million)
Table 4 Global Wheelchair Market , By Product, 2018–2023 (USD Million)
Table 5 Global Wheelchair Market , By Technology, 2018–2023 (USD Million)
Table 6 Global Wheelchair Market , By Application, 2018–2023 (USD Million)
Table 7 Global Wheelchair Market , By End-User, 2018–2023 (USD Million)
Table 8 Global Wheelchair Market , By Region, 2018–2023(USD Million)
Continued…
LIST OF FIGURES:
Figure 1 Research Process
Figure 2 Segmentation For Global Wheelchair Market
Figure 3 Segmentation Market Dynamics For Global Wheelchair Market
Figure 4 Global Wheelchair Market Share, By Types, 2018 (%)
Figure 5 Global Wheelchair Market Share, By Product, 2018 (%)
Figure 6 Global Wheelchair Market Share, By Technology, 2018 (%)
Figure 7 Global Wheelchair Market Share, By Application, 2018 (%)
Figure 8 Global Wheelchair Market Share, By End-User, 2018 (%)
Figure 9 Global Wheelchair Market Share, By Region, 2018 (%)
Continued…
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