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Pediatric wheelchairs provide a flexible and adjustable wheelchair to the end-user and are commonly used among small kids and teens. Wheelchairs are increasingly used by aged populations which assists them in the physical mobility from one place to another, therefore it is expected that growing global aged population increases the demand of the longer sized transport pediatric wheelchairs by aged peoples. Furthermore, manufacturers are keen to address the various parameters such as comfort level, size, and features in the design of the pediatric wheelchair. In addition to this, they are also focusing on designing customizable pediatric wheelchairs as per the requirements of the end-users. The increasing trend of electric vehicle products fuels the demand for electric pediatric wheelchair products.
Nowadays, companies are coming up with newer technological innovations in the product. For instance, in July 2018, Vissco has come up with several features such as lightweight, folding wheelchair with writing pad, swing-able armrest, lifting bars, removable wheels, additional cushions and many other accessories for addressing mobility problems among pediatric patients. Cost-effectiveness and corporate social responsibility are the crucial factors for companies to expand the portfolio of wheelchair products across the globe.
Increasing the global population coupled with awareness about personal home care products gives rise to the demand for the pediatric wheelchair. According to the United Nations Department of Economic and Social Affairs, from an estimated 7.7 billion peoples worldwide in 2019, the global population could go to around 8.5 billion in 2030. Moreover, rising incidences of the disability and injuries among peoples enhance the necessities for pediatric wheelchairs. Increasing infrastructural development related to the healthcare clinics and hospitals is propelling the consumption of the pediatric wheelchairs for infants and drives the market growth.
Various government policies and supporting activities for the provision of the wheelchairs with a special focus on sustainability provide ease in the supply for the pediatric wheelchair products and ultimately helps in catering to the demand for the market. Moreover, increasing the sports industry and the related infrastructure generates necessities of the wheelchairs for the adults during playing a game and increases the consumption of the sport pediatric wheelchairs. However, the higher cost of a pediatric wheelchair is anticipated to hamper the demand in the lower-income group segment of the population.
Key Market Driver -
Increasing global population coupled with rising awareness for personal home care products fuels the market growth
Key Market Restraint -
The higher cost of a pediatric wheelchair is anticipated to restrain the market growth.
The key companies operating in the global pediatric wheelchair market are, Ottobock, Sunrise Medical, Roma Medical Aids, Guangdong Shunde Jaeyong Hardware, Medline, Drive Medical, MJM International, Sammons Preston, Vive, TumbleForms, Graham-Field, and others.
The global pediatric wheelchair market is segmented by product type, by end-user, by distribution channel, and by geography.
By product type, the market is segmented into small child wheelchairs, sports wheelchairs, strollers and others such as standard wheelchairs, specialty wheelchairs, and scooters. Sporting wheelchair segment is projected to hold a major share of the market as they provide sportier appearance and promote independence. Furthermore, these types of wheelchairs are more lightweight and stylish than any other type of pediatric wheelchairs.
Based on end-user, the market is segmented into kids and adults, disabled peoples, aged peoples. Disabled people’s segment is expected to dominate the market because of a large number of populations is suffering from mobility impairment problems. According to the Centres for Disease Control and Prevention, in 2018, 40.7 million adults across the United States have physical functioning difficulty.
Based on the distribution channel, the market is segmented into an offline and online channel of distribution. An offline channel is projected to hold a major share of the market owing to the fact that peoples can see, and touch the pediatric wheelchairs which can increase the trust of the peoples for purchasing them so that they can proceed with the further buying decision.
The global pediatric wheelchair market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
North America region is projected to dominate the market owing to the large support of the government towards the provision of the home health care products results in the larger consumption of the pediatric wheelchairs in the region. According to the OECD Economic Survey Canada 2018, the federal government has confirmed the allocation of the USD 7.68 Billion over the 10 years by the end of budget 2017 for the home care and mental health of the peoples in Canada. Furthermore, the large disposable income of the population in the region helps in the increasing demand for health care products and ultimately drives the pediatric wheelchair market.
Asia Pacific region is expected to grow at a faster rate owing to the rising geriatric population in countries such as China and Japan. These rising geriatric population immensely require pediatric wheelchairs for solving mobility issues, which in turn is expected to drive the growth of the market. According to the United Nations Department of Social Affairs, China accounts for nearly 16.2% of the population aged above 65 years and that was projected to increase to 35.1% in 2050. In addition to this, presence of the largely untapped market for the wheelchair products among the South Asian countries such as India, Bangladesh, Shri Lanka, and many others, enhances necessities for the global companies to expand their wheelchair business in the untapped market of South Asia for creating and fulfilling the demand for the wheelchairs among physically impaired peoples in these countries.
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