Fortune Business Insights™ recently published a report, the company mentions that the wheelchair market size is projected to reach USD 8.09 billion by 2026, thereby exhibiting a CAGR of 7.0% during the forecast period. However, the market stood at USD 4.73 billion in 2018.
The global wheelchair market share is set to gain impetus from the rising prevalence of physical disabilities amongst adults and children. According to the World Report on Disability (WRD), published in 2011 by the World Bank and World Health Organization (WHO), around 15% of the world’s population lives with some form of disability and approximately 110-190 million people possess difficulties in functioning.
What Does This Report Contain?
- Outline of the current wheelchair market trends and future scenarios to determine the overall potential for achieving robust foothold in the market.
- Extensive information about the growth drivers, restraints, opportunities, and challenges.
- Regional analysis to help our clients in understanding the key investment areas.
Request A Sample Copy – Wheelchair Market Trends Report
Fortune Business Insights™ lists out all the reputed companies present in the wheelchair market. They are as follows:
- Ottobock
- GF Health Products, Inc.
- Invacare Corporation
- Pride Mobility Products Corp.
- Carex Health Brands
- Drive Medical Design & Manufacturing
- Sunrise Medical Limited
- Other key market players
A Variety of Wheelchairs Introduced to Meet User Needs
Wheelchairs are majorly electrical or manual operated devices, designed for people with mobility concerns that may restrain the movement of the lower body. This can happen due to diseases, injuries, sickness, or disability. Wheelchairs are available in various types and designs to meet the need of the users. Wheelchairs nowadays include meticulous seating adjustments and advanced features comprising of individualized controls. The introduction of novel features intended at ensuring improved comfort and ease of use will drive the market over the forecast period.
The wheelchairs market is segmented into self-propelled wheelchairs, attendant-propelled wheelchairs, and powered wheelchairs on the basis of type. Among the type mentioned above, mostly used wheelchairs are powered wheelchairs or power chairs. These wheelchairs require batteries or electric engines to function and are generally used while driving. Rising incidence of diseases and disabilities on a global scale along with technological innovations in wheelchairs are the factors responsible in boosting the global wheelchairs market. In 2017, around 61 million American were suffering from disabilities out of 7 adults 1 was affected with mobility disability. according to the Centers for disease control and Prevention (CDC). This statistic is indicative of the rising prevalence of disability. Against this backdrop, experts foresee a high demand for wheelchairs in the coming years.
Browse Complete Report Details@ https://www.fortunebusinessinsights.com/industry-reports/wheelchairs-market-100523
North America to Dominate Stoked by Presence of Key Manufacturers
In terms of region, the market is fragmented into Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. Out of these, North America is set to lead the market in the coming years. The region acquired USD 1.98 billion wheelchair market share in 2018.
This growth is attributable to the upsurging geriatric population, as well as the rising number of people affected by various mobility impairment disorders. Besides, in the U.S., several pre-existing major mobility devices manufacturers are expected to contribute to the market growth.
Asia Pacific, on the other hand, would experience a speedy growth owing to the increasing cases of accidental injuries. Combined with this, the surging incidence of developmental disabilities in children would also augment growth in this region.
As per the ‘World Population Ageing 2017’ report by the United Nations (UN), the number of people above the age of 60 years in this region, is estimated to upsurge to nearly 1.3 billion in 2050 from 549 million in 2017. It would also affect the market positively in Asia Pacific.
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Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Technological Development in Wheelchairs
- Key Industry Developments (Mergers, Acquisitions, Partnerships, New Product Launches, etc.
- The Regulatory Scenario For Key Countries/Regions
- Global Wheelchair Market Trends Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Manual
- Powered
- Market Analysis, Insights and Forecast – By Application
- Standard Wheelchair
- Bariatric Wheelchair
- Sports Wheelchair
- Others
- Market Analysis, Insights and Forecast – By End User
- Personal User
- Institutional User
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Wheelchair Market Share Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis – By Type
- Manual
- Powered
- Market Analysis – By Application
- Standard Wheelchair
- Bariatric Wheelchair
- Sports Wheelchair
- Others
- Market Analysis – By End User
- Personal User
- Institutional User
- Market Analysis – By Country
- U.S.
- Canada
- Europe Wheelchair Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis – By Type
- Manual
- Powered
- Market Analysis – By Application
- Standard Wheelchair
- Bariatric Wheelchair
- Sports Wheelchair
- Others
- Market Analysis – By End User
- Personal User
- Institutional User
- Market Analysis – By Country/ Sub-region
- U.K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
- Asia Pacific Wheelchair market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis – By Type
- Manual
- Powered
- Market Analysis – By Application
- Standard Wheelchair
- Bariatric Wheelchair
- Sports Wheelchair
- Others
- Market Analysis – By End User
- Personal User
- Institutional User
- Market Analysis – By Country/Sub-region
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
TOC Continued….!
Reasons to Purchase this Report:
- Estimates wheelchair market trends with SWOT analysis.
- Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players.
- Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion.
- Market dynamics and opportunities for growth for players in the near future.
- Competitive landscape describing the market revenue shares of key players.
- Market segmentation analysis that deals with quantitative and qualitative research, discussing the influence of policy-based and economical aspects.
Order A Complete Research Report On Wheelchair Market Size 2020
KEY QUESTIONS ANSWERED:
- What are the key technological and wheelchair market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- Why Choose Fortune Business Insights?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the wheelchair market growth?
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