AUTOMATIC STAIR CLIMBING WHEELCHAIR MARKET ANALYSIS

Regional Analysis

Automatic Stair Climbing Wheelchair Market Regional Analysis

On the basis of region, the global automatic stair climbing wheelchair market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Geographically, North America region is expected to hold the largest market share for automatic stair climbing wheelchair market, owing to rising number of people with disabilities in the US. For instance, in 2016, American Community Survey (ACS), estimated that rate of people with disabilities in the U.S. population was 12.8%. The percentage of people with a disability has increased from 11.9% in 2010, to 12.8% in 2016.

Moreover, Asia Pacific is anticipated to witness significant growth in automatic stair climbing wheelchair market attributed to presence of major players in this region. For instance, in May 2016, Toyota, the automobile company, joined Kamen's company DEKA, to support mobility solutions for the disabled community. This agreement was made to develop and launch the next generation of the IBOT. The IBOT motorized wheelchair was launched back in 2001, by Segway inventor Dean Kamen. However, the price of IBOT was US$ 25,000 which was too expensive for the mainstream market resulting into discontinuation of device in 2009.