According to the recent study the Wheelchair Market is projected to reach an estimated $8.3 billion by 2027 from $5.5 billion in 2021, at a CAGR of 6.2% from 2021 to 2027. Growth in this market is primarily driven by growing elderly population, rising spinal cord injuries, and increasing obesity rate.
Browse 73 figures / charts and 52 tables in this 202 -page report to understand trends, opportunities and forecast in wheelchair market by product (manual and power wheelchair), category (adult and pediatric wheelchair), function (basic, sports, bariatric, standing wheelchair, and others), end use (homecare and healthcare institution and others), and region (North America, Europe, Asia Pacific (APAC), and the Rest of the World (ROW)).
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“Power wheelchair market is expected to remain the largest segment during the forecast period.”
Based on product type, the wheelchair market is segmented into manual and power wheelchair. Lucintel forecasts that the power wheelchair market is expected to remain the largest segment due to increasing demand for multi-functionality wheelchair, such as tilt in, reclining, and standing wheelchair.
“Within the wheelchair market, the basic wheelchair segment is expected to remain the largest design & function.”
Based on design & function the basic wheelchair segment is expected to witness the highest growth over the forecast period due to increasing demand for multi-functionality wheelchair, such as tilt in, reclining, and standing wheelchair.
“North America will dominate the wheelchair market in near future.”
North America will remain the largest region due to an increasing obesity rate and growing elderly population. Asia Pacific is expected to witness the highest growth rate over the forecast period due to increasing government healthcare expenditure, rising disabled population, and increasing in development of medical facilities.
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Major players of wheelchair market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Invacare, Pride Mobility Products, Sunrise Medical, Ottobock, Permobil, Drive Medical, LEVO, 21st Century Scientific are among the major wheelchair providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/wheelchair-market.aspx or [email protected]
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