"Designing Growth Strategies is in our DNA"
Region : Global | Published Date: Upcoming | Report ID: FBI100523| Status : Upcoming
A wheelchair is an electrically or manually operated device majorly designed for people with a mobility disability which restrains the locomotion and can occur due to disease, sickness, injury, or disability. Wheelchairs are present in different designs to meet the particular needs of their users. They may include specialized seating adaptions, may be particular to specific activities, or with individualized controls. Self-propelled wheelchairs, attendant-propelled wheelchairs, and powered wheelchairs are some of the most widely used wheelchairs by the people suffering from mobility disabilities. Among them, the most broadly used wheelchairs are powered wheelchairs (power chair), which mainly works on batteries or electric engines and aid in driving. Growing prevalence of disabilities globally and growing demand for technological advancements in wheelchairs are anticipated to fuel the global wheelchairs market during the forecast period. In 2018, according to the Centers for Disease Control and Prevention (CDC) around 61 million Americans were suffering from disabilities and 1 in 7 adults was affected with a mobility disability.
The growth of the global wheelchairs market is being driven by the growing prevalence of mobility disability, technological advancements in wheelchairs, and new product launches with growing partnerships among leading players. For Instance, in 2016, Toyota teamed up with Segway to launch iBot an innovative multi-wheel chair that provided wheelchair-bound users the ability to travel up steep stairways and elevate themselves to the height of a standing person. Moreover, the growing geriatric patient population in need of comfortable wheelchair is also likely to fuel the growth of global wheelchairs market during the forecast period.
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However, the high cost of customized wheelchairs is anticipated to restrain the growth of the global wheelchairs market during the forecast period.
Some of the major companies that are present in the global wheelchairs market are Invacare Corporation, AliMed, Inc., Sunrise Medical LLC., Seating Matters, Stryker, Jenx Ltd., Seating Dynamics, SEERS Medical Limited, Besco, Herdegen, DeVilbiss Healthcare LLC., Jova Solutions Inc., among others.
· Self-propelled Wheelchairs
- Folding Frame
- Rigid Frame
· Attendant-Propelled Wheelchairs
· Powered / Motorized Wheelchair
By End User
· Hospitals & Nursing Homes
· Home care Settings
· Assisted Living Facilities
· North America (U.S. and Canada)
· Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
Powered wheelchairs segment is anticipated to hold the largest market share during the forecast period as electric chair reduces and is light weighted when comapred to mannaul chairs.In addition,electric wheel chairs are more convenient to use within confined and narrow spaces.
Technological Advancements in Wheelchairs
Epidemiology Analysis of mobility disability
Pricing analysis of key Products
Recent Key Industry Developments – Mergers, Acquisitions, and Partnerships
Geographically, the global wheelchairs market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to hold a considerable share of the global wheelchairs market during the forecast period owing to the increase in the geriatric patient population, increasing technical innovations in wheelchairs, and growing partnerships among players to launch new products. In Asia Pacific region, global wheelchairs market is likely to grow at a significant rate during the analysis period owing to the growing prevalence of paralysis & rise in number of surgeries being performed, and growing investments by government organizations in developing better healthcare infrastructures in the region