Global Electric Wheelchairs Market 2023-2027
Technavio has been monitoring the electric wheelchairs market and is forecast to grow by USD 1797.53 mn during 2022-2027, accelerating at a CAGR of 11.04% during the forecast period. Our report on the electric wheelchairs market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing prevalence of orthopedic and neurologic disorders, growing demand for rehabilitation services, and new product launches.
Technavio's electric wheelchairs market is segmented as below:
By End-user
- Personal
- Hospitals
- Sports conditioning
By Product
- Dry-battery electric wheelchairs
- Wet-battery electric wheelchairs
By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the growing adoption of front-wheel-electric wheelchairs as one of the prime reasons driving the electric wheelchairs market growth during the next few years. Also, growing online sales through e-commerce channels and the rising geriatric population worldwide will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters. Our report on the electric wheelchairs market covers the following areas:
- Electric wheelchairs market sizing
- Electric wheelchairs market forecast
- Electric wheelchairs market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric wheelchairs market vendors that include ComfyGO Inc., GF Health Products Inc., Hoveround Corp., Invacare Corp., Karma Medical Products Co. Ltd., Karman Healthcare Inc., LEVO AG, Matsunaga Manufactory Co. Ltd., Medical Depot Inc., Medical Device Depot Inc., MEYRA GROUP, Mr. Wheelchair cc, Ottobock SE and Co. KGaA, Permobil AB, Pride Mobility Products Corp., Roma Medical, Silverline Meditech Pvt. Ltd., Sunrise Medical LLC, United Seating and Mobility LLC, and WHILL Inc.. Also, the electric wheelchairs market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.