Global Lightweight Folding Wheelchair Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Lightweight Folding Wheelchair Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Lightweight folding wheelchairs usually have a very light frame that is complete with a foldable feature, this includes folding the wheelchair seat and components into a compact shape, that can be stored into the trunk of a vehicle, or storage space for example. Lightweight folding wheelchairs usually refer to the feature that a wheelchair may have, collapsible meaning that it is a foldable wheelchair, unlike rigid chairs that are usually not foldable, this includes sports wheelchairs, basketball wheelchairs, and active wheelchairs.

Market Overview:

The latest research study on the global Lightweight Folding Wheelchair market finds that the global Lightweight Folding Wheelchair market reached a value of USD 1165.97 million in 2022. It’s expected that the market will achieve USD 1713.8 million by 2028, exhibiting a CAGR of 6.63% during the forecast period.

COVID-19 influence

The rising prevalence of COVID-19 is projected to influence market growth over the forecast period. As the coronavirus outbreak continues, the majority of medical device companies experienced a significant loss, thereby hampering the lightweight folding wheelchair market. The lightweight folding wheelchair production and supply have also been affected by the pandemic. Therefore, it is expected that there will be a slight decrease in the growth rate of the global lightweight folding wheelchair market during the forecast period. Moreover, owing to the increased priority for COVID-19 treatment, other surgeries, mainly leg-related, can be postponed. Therefore, the demand for lightweight folding wheelchairs that are required for these patients after surgeries is expected to decrease to some extent during the pandemic. Meanwhile, the COVID-19 pandemic had significantly affected the transport and mobility sector. It had disrupted the -supply channel of the lightweight folding wheelchair to a great extent. Lightweight folding wheelchair operations were halted across several countries owing to strict lockdowns being implemented. Hospitals have witnessed consistent demand owing to a spike in the number of elderly populations getting admitted due to the COVID-19 infection. With the ease of lockdown, companies are expected to resume operations.

Inherent advantages of product

The powerful functions and benefits of lightweight folding wheelchair drive consumption, which is beneficial to the development of the industry. Lightweight folding wheelchairs allow the user to fold their wheels for even more comp-actability than was available before. Lightweight folding wheelchairs are the new norm in the wheelchair community, the foldable and light frame has become very popular with wheelchair users who prefer to use a lightweight wheelchair that can also be folded for convenience, and to boost the time it takes to do your daily routine. A lightweight wheelchair has more maneuverability and is easier to use. They are perfect for people who are unable to propel a standard wheelchair. It is a bit more expensive than standard wheelchairs because more expensive materials are used. The back, foot and arm rests are often adjustable and it also has other customizations. The high strength lightweight wheelchair are great for people who often perform activities that cant be done with standard or lightweight wheelchairs. They also come in sizes not available in standard or lightweight wheelchairs. These wheelchairs are very durable and provides more in terms of adjustability and maneuverability.

Relatively high cost

The high cost associated with the advanced lightweight folding wheelchair options is expected to hamper market demand over the forecast period. Along with this, the unavailability of proper healthcare solutions in several developing and underdeveloped economies is further expected to limit the growth of the lightweight folding wheelchair market during the forecast period.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (44.04% in 2021).

Company Overview

Invacare Corp is one of the major players operating in the Lightweight Folding Wheelchair market, holding a share of 12.26% in 2022.

Invacare Corp

Invacare Homecare is the global leader in the manufacture and distribution of innovative home medical products that promote recovery and active lifestyles. Today, home health care is becoming a reality for more and more patients. An increasing number of patient services traditionally provided by hospitals and nursing homes can now be provided more safely and less expensively at home. This revolution in cost-effective healthcare is made possible by a new generation of home-based equipment and technologies like the Invacare® HomeFill® Oxygen System, the Invacare® TDX® Power Wheelchair and Invacare® microAIR® Therapeutic Support Systems.

Sunrise Medical

Sunrise Medical is a world leader in the development, design, manufacture, and distribution of manual and powered wheelchairs, mobility scooters, and both standard and made-to-order seating and positioning systems.

Segmentation Overview:

By type, K0003 segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Hospital, with a market share of 45.63% in 2021.

Key Companies in the global Lightweight Folding Wheelchair market covered in Chapter 3:

Drive Medical
Invacare Corp
Ottobock
Sunrise Medical
Yuyue
Karman
Pride Mobility Products Corp
N.V. Vermeiren
Merits Health Products
Heartway
EZ Lite Cruiser
Permobil

In Chapter 4 and Chapter 14.2, on the basis of types, the Lightweight Folding Wheelchair market from 2018 to 2029 is primarily split into:

K0001
K0002
K0003
K0004

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Lightweight Folding Wheelchair market from 2018 to 2029 covers:

Hospital
Home

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)