Wheelchair -Market Insights, Competitive Landscape and Market Forecast–2027

Wheelchair -Market Insights, Competitive Landscape and Market Forecast–2027

Wheelchair Market By Product Type (Manual And Powered), By End-User Type (Pedriatic And Adult), By Application (Sports, Standard, Bariatric, Standing And Others) And by geography is expected to grow at a steady CAGR forecast till 2027 owing to surge in number of physical disabilities and geriatric population

Global wheelchair market is growing at a CAGR of 6.57% during the forecast period from 2022 to 2027. The wheelchair market is witnessing a positive growth owing to the various factors such as rise in geriatric population, awareness about needs of people with physical disabilities, increase in Spinal Cord Injuries (SCI), and technological advancements with respect to products offering. Therefore, the market for wheelchair is expected to grow during the forecast period from 2022 to 2027.

Wheelchair Market Dynamics:

As the prevalence of SCI and related disabilities are rising, the demand for wheelchairs is also increasing. Other key factor is the rise in geriatric population which is also impacting the demand of wheelchairs positively, according to World Health Organization (WHO) October 2021, it was estimated that between years 2015-2050 people of age 60 and above will be doubled from 12-22% and will reach 2.1 billion by 2050. Further, by 2030, 1 in 6 people in the world will age 60 years or above. The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. Therefore, with aging the physical disabilities such as SCI, Alzheimer’s Disease, Muscular Dystrophy, Rheumatoid Arthritis and others also increases, which can increase the demand of wheelchairs, thereby propelling the growth of the wheelchair market during the forecast period (2022-2027).

Moreover, another key factor which is responsible for the growth of wheelchair market is awareness about the needs of people with physical disabilities. Wheelchair foundation is a non-profit organization which is working in creating awareness about needs of people with physical disabilities. For instance, Free Wheelchair Mission is another non-profit organization which has distributed approximately 1.3 million wheelchairs to people living with physical disabilities in 94 developing countries around the world.

Therefore, such awareness programmes will promote the demand of wheelchair which will surge the growth of overall wheelchair market during the forecast period from 2022-2027.

However, lack of supporting infrastructure and difficulty in using public transports can hamper the global wheelchair market growth.

Additionally, the ongoing COVID-19 pandemic has negatively impacted the wheelchair market. The nationwide lockdown in almost every country, movement restrictions for non-essentials good and unavailability of the workforce at the production sites hampered the manufacturing rate due to which there is a product shortage in the market. However, with masses being vaccinated, relaxation in lockdown restrictions, resumption of supply chains, logistics, and manufacturing units, the wheelchair market has picked momentum and is expected to further grow during the forecast period.

Wheelchair Market Segment Analysis:

Wheelchair Market by Product Type (Manual and Powered), by End-User Type (Pediatric and Adult), by Application (Sports, Standard, Bariatric, Standing and Others), and by Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In by product type segment of wheelchair market, manual wheelchairs are expected to hold a significant revenue share in the year 2021, the key attributes which are supporting the market are they require less maintenance, they are cost effective too, easy to use, portable in nature, have light weight then powered wheelchairs, and does not require charging. Therefore, the benefits associated with manual wheelchair would increase its demand in the market which will drive the growth of overall global wheelchair market during the forecast period. However, technological advancement in the products and various strategic partnership between the market players is also driving the market growth.

For instance, in April 2022, Permobil has partnered with Mobvoi to bring its manual wheelchair for users with the SmartDrive PushTracker E3, a power assist solution and health tracking software with Mobvo. Further, in Feb 2022, Invacare Corporation announced the introduction of its next generation of power assist devices – the e-fix eco, to transform the manual wheelchair.

Therefore, such type of development activities in manual wheelchair segment, would result in the rising demand for wheelchair which in turn would provide a conducive growth for overall wheelchair during market forecast 2022-2027.

North America is expected to dominate the overall Wheelchair Market:

Among all the regions, North America is expected to dominate the global wheelchair market in the year 2021 and is expected to do the same during the forecast period from 2022-2027. Factors such as increase in spinal cord injuries & prevalence of chronic diseases among others is expected to increase the demand of wheelchairs in the North America market.

According to the National Spinal Cord Injury (SCI) Statistical Center at UAB, as of 2019, in the US 17,730 new SCI cases occur each year and between 249,000 and 363,000 people are currently living with SCI. Reasons for SCI includes, vehicular 39.3%, Falls 31.8%, Violence (primarily gunshot wounds) 13.5%, Sports/Recreation Activities 8.0%, Medical/Surgical 4.1% and Other 3.1%. Therefore, increase in case of SCI in North America would result in increase in demand of wheelchairs which in turn can provide a conducive growth environment for North American region in wheelchair market.

Furthermore, another factor responsible for the growth of wheelchair market can be rising cases of cerebral palsy, a group of disorders which is due to abnormal brain development that affect the body in many ways such as impaired movement, bad posture, poor coordination, and impaired balance. These factors are responsible for the motor impairment which is a type of total or partial loss of body part generally a limb. Therefore, wheelchairs are required to make movements easy which may also surge the demand of wheelchairs in the global market.

Therefore, increase in SCI and prevalence of cerebral palsy would result in the rising demand for wheelchair which in turn would provide a conducive growth environment for North American region in wheelchair market.

Wheelchair Market Key Players:

Some of the key market players operating in the wheelchair market include Invacare Corporation, Sunrise Medical, Permobil, Ottobock, 21st Century Scientific Inc., Meyra Group GmbH, Pride Mobility Products Corp, Hoveround Corporation, Panthera AB, CEW, LEVO AG, NOVA Medical Products, Ostrich Mobility Instruments Pvt.Ltd, GF HEALTH PRODUCTS INC, Karman Healthcare Inc, Etac AB, Matsunaga, Miki Kogyosho Co Ltd, Carex, Changzhou Zhongjin Medical Co LTD among others.

Recent Developmental Activities In The Wheelchair Markt:

• In Aug 2021, Invacare Corporation announced the launch of AVIVA® STORM RX™ power wheelchair, setting a new standard for rear-wheel drive power mobility.
• In March 2021, Invacare Corporation Introduces the Next Generation Alber e-motion® power assist device for manual wheelchairs
• In Oct 2019, H.I.G. Europe acquired Meyra Group (designs, manufacture and sells active and e- powdered chairs) and Alu Rehab (is a comfort wheelchair specialist) to form leading mobility equipment manufacturer in Europe.

Key Takeaways from the Wheelchair Market Report Study

• Market size analysis for current wheelchair market (2021), and market forecast for 5 years (2022-2027)
• The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the wheelchair market
• Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
• Key companies dominating the global wheelchair
• Various opportunities available for the other competitor in the wheelchair market space.
• What are the top performing segments in 2021? How these segments will perform in 2027.
• Which is the top-performing regions and countries in the current wheelchair market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for wheelchair market growth in the coming future?

Target Audience who can be benefited from this Wheelchair Market Report Study

• Wheelchair providers
• Research organizations and consulting companies
• Wheelchair-related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and traders dealing in wheelchair
• Various end-users who want to know more about the wheelchair market and latest technological developments in the wheelchair

Frequently Asked Questions for Wheelchair:

1. What are Wheelchair?

Wheelchair are chairs with large wheels that are used by people for whom walking is difficult or impossible due to illness, age, injury, or disability.

2. What is the market for Global Wheelchair?

Global wheelchair market is growing at a CAGR of 6.57% during the forecast period from 2022 to 2027.

3. What are the drivers for the Global Wheelchair market?

The wheelchair market is witnessing a positive market growth owing to the factors such as, rise in geriatric population, awareness about needs of people with physical disabilities, increase in Spinal Cord Injuries (SCI), technological advancements, and rising prevalence of cerebral palsy.

4. Who are the key players operating in the Wheelchair market?

Some of the key market players operating in the wheelchair market include Invacare Corporation, Sunrise Medical, Permobil, Ottobock, 21st Century Scientific Inc, Meyra Group GmbH, Pride Mobility Products Corp, Hoveround Corporation, Panthera AB, CEW, LEVO AG, NOVA Medical Products, Ostrich Mobility Instruments Pvt.Ltd, GF HEALTH PRODUCTS INC, Karman Healthcare Inc, Etac AB, Matsunaga, Miki Kogyosho Co Ltd, Carex, Changzhou Zhongjin Medical Co LTD among others.

5. Which region has the highest share in Wheelchair Market?

North America is expected to dominate the global wheelchair market. Factors contributing to the growth are increase in SCI, rising prevalence of cerebral palsy among others are contributing to the growth of wheelchair market in the North America region.  

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