Electric Wheelchair Market Size 2023 In-Depth Players Analysis, Industry Trends, Share Estimation, Growth, Regional Forecast till 2031

Report Ocean recently released a research report on the Electric Wheelchair Market , which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.

The global electric wheelchair market is anticipated to grow at a registered compound annual growth rate (CAGR) of 8.4% during the forecast period from 2021-2027.

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The electric wheelchair or a motorized wheelchair is driven by power batteries and wheels that enhance the efficiency of work. The battery provides the required amount of power to the wheelchair to move without much physical exertion.

An increase in demand for electrical wheelchairs is directly attributed to the demand for technological advancements. The need for durable, sturdier, and weight bearable wheelchairs enhances the necessity for further advancement in the market. Hence, it also propels the overall growth of the global electric wheelchair market.

Technological advancements in the global electric wheelchair market have reduced the usage of traditional wheelchairs. With the development of automated movement systems, patients can remotely control the equipment. Moreover, the integration of artificial intelligence in the electric wheelchair industry has helped disabled people to adopt convenient features of electronic wheelchairs. These features include managing wheelchairs through facial expressions like raising eyebrows and holding out tongues etc. Therefore, demand for the development and innovative development in the field would drive the expansion of the electric wheelchair market size.

The geriatric population is more prone to physical disabilities, which increases the use of electric wheelchairs in hospitals and healthcare departments. Moreover, electrical wheelchairs have also applied in-home care to carry patients and shift them safely from one place to another. Thus, these safety benefits increase the demand for electrical wheelchairs and are anticipated to extend more in hospitals and homes. According to World Health Organization, the percentage of the geriatric population will grow to 16% by 2050. Thus, the growth of the population would fuel the demand for electric wheelchairs.

Furthermore, an increment in the accident cases will prompt the growth of the global electric wheelchair market. Accidents can cause temporary or permanent disabilities in a person, and caretakers have to take care of them. As per the information published by WHO, around 50 million people worldwide are affected due to road accidents.

However, the unavailability of a quality healthcare system in developing and underdeveloped regions is obstructing the growth of the global electric wheelchair market. Most of the geriatric population lives in these regions. Hence, there is significant growth expected from these regions.

The absence of supporting infrastructure, high expenses, and low consumer awareness is expected to decelerate the industry expansion.

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Regional Analysis

Asia-pacific is anticipated to grow at the highest CAGR during the forecast time frame. The growth is projected due to the expanding medical tourism industry, rising elderly population, and surge in chronic diseases.

Impact Analysis of COVID-19

Industries experienced significant challenges due to the effects of the COVID-19 pandemic. The growth of developing countries mostly halted and drove the reduction in global trade.

Wheelchair devices are essentially required for several mobility situations. Due to the pandemic, there was a shortage in the distribution of wheelchairs and consumables.

Key Market Segments

By Product Type

• Center Wheel Drive
• Front Wheel Drive
• Rear Wheel Drive
• Standing Electric Wheelchairs
• Others

By Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe

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• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America

Key market players

• Invacare corporation
• Karma medical products co., ltd
• Matsunaga manufactory co., ltd
• Meyra group
• Miki kogyosho co., ltd
• Nissin medical industries co., ltd
• Ottobock se & co kgaa
• Permobil ab
• Pride mobility products corp
• Sunrise medical (u.s.) llc
• Other prominent players

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Table of Content

Chapter 1: Global Electric Wheelchair Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global Electric Wheelchair market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global Electric Wheelchair Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global Electric Wheelchair market Size Forecast (2023-2031).

Continue….

Reasons to Buy This Report

(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.

(B) The report offers comprehensive analysis of Electric Wheelchair market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.

(C) The research includes segmentation of the Electric Wheelchair market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.

(D) Analysis of the Electric Wheelchair market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.

(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.

(F) The study helps evaluate Electric Wheelchair business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.

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COMTEX_440510353/2796/2023-09-19T07:38:04