Wheelchairs Market
The global wheelchair market has witnessed substantial growth over the past few decades owing to the rising geriatric population and increasing incidence of road accidents worldwide. Wheelchairs help improve mobility for people with disabilities or injury and are an essential medical device for assisting their movement. Advances in lightweight materials and powered technologies have enhanced wheelchair designs for improved user comfort and functionality. Growing medical infrastructure and accessibility regulations have also boosted the demand for wheelchairs across both developed and developing nations.
(Market Dynamics):
The global wheelchair market growth is driven by factors such as rapidly aging populations, higher prevalence of mobility disabilities, and rising healthcare spending worldwide. However, factors like design limitations for bariatric patients and difficulties in procurement are restraining market growth. Advancements in materials and battery technologies are offering opportunities for developing innovative and personalized wheelchair models. Powered wheelchair segment is growing at a higher rate with innovations in lithium-ion batteries and joystick controls. North America dominates the market currently due to regulatory mandates favoring wheelchair accessibility. Asia Pacific is emerging as a high potential region with improving standards of living and medical infrastructure.
(Key features of the study):
- This report provides in-depth analysis of the global wheelchair market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global wheelchair market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Invacare Corporation, Ottobock SE & Co. KGaA (Ottobock), Permobil AB, Sunrise Medical Limited, Panthera AB, 21st Century Scientific Inc., Pride Mobility Products Corporation and GF Health Products Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global wheelchair market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Detailed Segmentation-
Table of Contents
*Browse 32 market data tables and 28 figures on 'Global Wheelchairs Market' - Global forecast to 2031
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