Wheelchair Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Wheelchair Market: by Product Type (Manual Wheelchairs, Electronic Wheelchairs), Weight (Light Weight Wheelchairs, Heavy Weight Wheelchairs), Modality (Pediatric Powered Wheelchairs, Adults Powered Wheelchairs), End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings) and Geography

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Report

Description

The wheelchair market is valued at USD 6,273.1 million in 2021, and it is expanded to grow at a significant CAGR of 4.5% over 2022-2028. Geriatric population growth and an increase in the number of conditions requiring mobility assistance, such as spinal cord injuries, are pushing the market. Over the projection period, developing countries like India are expected to be significant income drivers for wheelchair manufacturers. An important trend projected to fuel future market sales is the evolution of technical breakthroughs in wheelchair designs. The introduction of battery-powered electric wheelchairs is projected to benefit users significantly. The growing incidence of disorders requiring mobility assistance is also driving the market. The increasing integration of automation in healthcare devices, especially mobility devices, such as wheelchairs, is a crucial impacting parameter projected to support market growth. The market is segmented into two types of wheelchairs based on type: manual and powered. In 2021, the powered wheelchair segment had the most market share. The rising popularity of powered wheelchairs, as well as the benefits they provide over manual wheelchairs, will help to propel this market forward. Powered wheelchairs require very little effort to control and operate. The segment’s growth is also projected to be aided by an increase in the number of companies launching powered wheelchairs.

Recent Market Developments:

In February 2022, Invacare Corporation announced the introduction of its next generation of power assist devices the e-fix eco. The e-fix eco power assist transforms a manual wheelchair into a portable power chair via a joystick, battery, and in-wheel motors.

In January 2022, Invacare Corporation introduced the Invacare AVIVA STORM RX Narrow Base Power Wheelchair. This model offers several new features compared to the standard version of itself.

Wheelchair Market

MARKET SUMMARY
-
4.5%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.5%
  • Largest Market– North-America
  • Fastest Growing Market– Asia-Pacific

Wheelchair Market

  • The wheelchair market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The wheelchair market is segmented based on product type, weight, mobility, end-user, and geography.
Key Players
  • Invacare
  • Medline
  • Quantum Rehab
  • Sunrise Medical LLC
  • Karman Healthcare
Wheelchair Market

Dynamics

The constantly expanding elderly population is one of the primary drivers of the global industry. More people are predicted to acquire mobility challenges as the population ages, which is expected to increase demand for wheelchairs, propelling the wheelchair market forward throughout the forecast period. Operational difficulties associated with wheelchairs and the high cost of powered wheelchairs would inhibit the market.


North-America Got Significant Share

Wheelchair Market

North America dominated the market and accounted for the largest market share in 2021 owing to the high target population and increased adoption of advanced wheelchairs. Moreover, the presence of a large number of market players in the region will further boost the market growth during the forecast period. Asia Pacific is projected to register the fastest CAGR during the forecast period. The region is backed by large population base in countries, such as India and China, owing to the improvements in healthcare facilities and growing government initiatives for offering quality mobility devices. Moreover, high geriatric population in countries, such as Japan, also supports market growth

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The Wheelchair market report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2028)
  • The Wheelchairs market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The Wheelchairs market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The Wheelchairs market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The Wheelchairs market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Wheelchair Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The CAGR of the wheelchair market is 4.5% over the forecast period (2022 – 2028)

 

 

Invacare, Medline, Sunrise Medical LLC, Karman Healthcare

The Asia Pacific is the fastest-growing region for the wheelchair market


Report

Company Profile

  • Invacare
  • Medline
  • Numotion
  • Quantum Rehab
  • Karman Healthcare
  • Sunrise Medical LLC
  • Carex Health Brands, Inc.
  • Pride Mobility Products Corp.
  • Graham-Field Health Products Inc.
  • Drive Medical Design & Manufacturing

Description

The wheelchair market is valued at USD 6,273.1 million in 2021, and it is expanded to grow at a significant CAGR of 4.5% over 2022-2028. Geriatric population growth and an increase in the number of conditions requiring mobility assistance, such as spinal cord injuries, are pushing the market. Over the projection period, developing countries like India are expected to be significant income drivers for wheelchair manufacturers. An important trend projected to fuel future market sales is the evolution of technical breakthroughs in wheelchair designs. The introduction of battery-powered electric wheelchairs is projected to benefit users significantly. The growing incidence of disorders requiring mobility assistance is also driving the market. The increasing integration of automation in healthcare devices, especially mobility devices, such as wheelchairs, is a crucial impacting parameter projected to support market growth. The market is segmented into two types of wheelchairs based on type: manual and powered. In 2021, the powered wheelchair segment had the most market share. The rising popularity of powered wheelchairs, as well as the benefits they provide over manual wheelchairs, will help to propel this market forward. Powered wheelchairs require very little effort to control and operate. The segment’s growth is also projected to be aided by an increase in the number of companies launching powered wheelchairs.

Recent Market Developments:

In February 2022, Invacare Corporation announced the introduction of its next generation of power assist devices the e-fix eco. The e-fix eco power assist transforms a manual wheelchair into a portable power chair via a joystick, battery, and in-wheel motors.

In January 2022, Invacare Corporation introduced the Invacare AVIVA STORM RX Narrow Base Power Wheelchair. This model offers several new features compared to the standard version of itself.

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