SEATTLE, August 02, 2021, (MEDGADGET) — Global Wheelchair and Components Market – Insights
A wheelchair is used to help those who are unable to walk due to sickness, accident, or impairment. Power or electric wheelchairs and manual wheelchairs are the two types of wheelchairs available.
The manual wheelchairs segment of the global wheelchair and components market was worth US$ 3,584.7 million in 2019 and is projected to grow at a CAGR of 3.4 percent to US$ 4,849.3 million by 2027.
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Drivers:
The rising occurrence of spinal rope wounds and related disabilities is expected to help in the development of the worldwide wheelchair and components market. For example, as per scientists at the National Spinal Cord Injury Statistical Center at the University of Alabama at Birmingham, starting in 2019, 17,730 new spinal cord injury cases happen every year and somewhere in the range of 249,000 and 363,000 individuals are presently living with spinal cord injuries in the U.S.
An increasing number of individuals with walking disabilities is expected to push the development of the market. For example, as per The World Bank’s refreshed information in 2019, 15% of the overall population that represents one billion individuals encounters some type of disability, and one-fifth of the assessed worldwide population that represents around 110-190 million, encounters significant disabilities.
North America area stood firm on a prevailing footing in the worldwide wheelchair and components market in 2019, representing 33.1% offer as far as worth, trailed by the Asia Pacific.
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Restraints:
The expense of composite materials used to produce lightweight wheelchair segments is high, which is expected to restrict the development of the worldwide wheelchair and components market.
Additionally, the significant expense of controlled wheelchairs and bikes is expected to limit the market development. For example, the normal expense of fueled wheelchairs and bikes is around US$ 1,500 to US$ 15,000 around the world.
Opportunities:
Research and development and launch of wheelchairs with advanced and smart technology is expected to offer worthwhile development openings for major parts on the lookout. For example, in January 2020, Segway divulged its brilliant S-Pod moving unit that can likewise work as a wheelchair.
Additionally, the improvement of low-cost and lightweight components is expected to help in the development of the market. For example, in December 2019, scientists at the University Of Bayreuth, Germany, announced the improvement of ‘multifibrillar polyacrylonitrile filaments’ that are lightweight, completely recyclable, and offer toughness and higher strength.
Market Trends/Key Takeaways:
Significant game bodies are centered on getting sorted out wheelchair sports competitions, which is required to help interest for wheelchairs. For example, The National Wheelchair Basketball Association sorts out National Wheelchair Basketball Championship all throughout the U.S and Canada.
Significant key players in the market are focused on raising assets to grow their item portfolio. For example, in December 2019, Ottobock SE and Co. KGaA, a supplier of prosthetic appendages, orthotic supports, and wheelchairs, gets financing of up to US$ 110 million from the European Investment Bank.
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Key Developments:
In February 2018, Invacare Corporation has announced that the production of Küschall manual wheelchairs will be moved from its Witterswil, Switzerland facility to its Fondettes, France facility.
In April 2018, Permobil Manual Wheelchairs has introduced a new Precision Lock Back Angle Adjustment feature for its wheelchairs.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Components
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Product Launch
- Reimbursement Scenario
- Merger and Acquisition Scenario
- PEST Analysis
- Market Dynamics
- Global Wheelchair and Components Market, By Technology, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Continuous Fiber Composites
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Discontinuous Fiber Composites
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Metal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Wheelchair and Components Market, By Components, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hand Rims & Wheel Rims
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Frames
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Other Components
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Wheelchair and Components Market, By Application, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Manual Wheelchairs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Powered Wheelchairs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Powered Scooter
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Wheelchair and Components Market, By Region, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2027
- North America
- Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Components, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Components, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Components, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Components, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Components, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Components, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- OEM Companies
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
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