Market Industry Reports (MIR) has published a new report titled “Wheelchair Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global wheelchair marketaccounted for over US$ 2.4billion in 2019. It is anticipated to grow at a CAGR of 7.2% from 2020 to 2030.
The growth of the wheelchair market can be attributed to several factors such as increasing disposable income and the growing adoption of wheelchairs in healthcare units of emerging nations. Moreover, the growing incidents of chronic orthopedic diseases with easier accessibility of a wheelchair are anticipated to further contribute to the substantial growth of the global wheelchair market during the forecast period, 2020 to 2030.
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Some of the prominent players in the Wheelchair Market include:
Medline Industries, Inc., Invacare Corporation, Cardinal Health, Medical Depot.Inc., Sunrise Medical (US) LLC, Carex Health Brands, Inc., Pride Mobility Products Corporation, Karman Healthcare, Inc., and Numotion, among others.
The pace of population aging is escalating globally. According to the United Nation report, in 2017, the global population aging60 years and above was anticipatedat around 960 million.People ofthis age group have a high probability to develop orthopedic disorders and gait. They may find difficulty to walk andrequire support or assistance to move around.Wheelchair design involves the application of concepts to create manual or electrical propelled chairs for people who find walking difficult or impossible due to illness, injury, or disabilities.Wheelchairs enable them to move around independently regardless of severely diminished functional capabilities.
There are millions of cases of legs, feet, or back injuries every year due to accidents and falling. An individual with any disabilities or injuries may find difficult to maintain balance and isat a high risk of falling. With the help of a wheelchair, it becomes easy for themto roam around indoor and outdoor. Wheelchairscan also be used post-treatment recoveryand are frequently prescribed by doctors for improving mobility.
The Wheelchair Market is segmented on the basis of Product, Modality, Cancer Type, End-Users and region.
by Product (Manual Wheelchair and Powered Wheelchair), End User (Homecare Setting, Hospitals, Ambulatory Surgical Centers, and Rehabilitation Centers)
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
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