Introduction
Wheelchairs are impelled either manually (by turning the wheels by the hand) or by different automated frameworks. They are utilized by individuals who have temporary, long-term or permanent trouble or inability to walk because of physiological or physical illness, injury, or disability.
Market Overview
The Global Wheelchairs market was valued at $ XX Mn in 2018 and is forecast to grow at a XX% CAGR between 2018 and 2026, resulting in 2026 global sales of $ XX. The market is driven by due to rising senescent population and demand from specific wheelchairs from the sports associations. However, the high cost of the wheelchairs is restraining market growth. Moreover, the growing number of medical emergencies due to factors like industrial accidents, road mishaps are providing ample opportunities for the market.
Wheelchairs depending on function, bariatric wheelchair segment is expected to account for the largest share of the Wheelchairs market due to strong enough to accommodate almost any user. Just like heavy-duty models, manual chairs lighter chairs are all foldable and feature armrests and swing-away footrests - but they differ quite a bit in their construction. Moreover, it’ll find plenty of customization options to help ensure that the chair is a perfect fit.
Key Developments
Segmentation
The Global Wheelchairs market is segmented on the basis of Function, Product, Weight, Usage Area, end-user and region.
Based on the Function: Bariatric Wheelchair, Standard Wheelchair, and Other Functions.
Based on the Product: Powered, Mobility Scooters, Manual and General-Purpose Wheelchairs.
Based on the Weight: Heavy Wheelchairs and Light Weight Wheelchairs.
Based on the Usage Area: Home Care, Ambulatory Surgical Centers, Hospitals & Clinics and Other Usage Areas.
Based on the End-user: Personal Use and Institutional Use.
Based on the region: North America, Asia-Pacific, Europe, and LAMEA. Among that Asia-Pacific held the largest share of the market due to government activities to give assistive devices to the disabled population and investments by organizations in the advancement of individual mobility assistances are anticipated to drive the market in the region.
The key players of the Global Wheelchairs market include Karman Healthcare, 21st century Scientific Inc., Hoveround, TGA Mobility, Medline Industries Inc., GF Health Products Inc., Vermeiren Nv, Permobil, Miki Kogyosho Co., Ltd, Panthera AB, PDG Product Design Group Inc, Pride Mobility Products Corp, Hubang, Ottobock, Aquila Corporation, Quantum Rehab, Sunrise Medical, and Invacare.
The report covers in-depth analysis of the Global Wheelchairs Market. The report assesses the market products by product (Powered, Mobility Scooters, Manual and General-Purpose Wheelchairs) by End-user (Personal Use and Institutional Use). In addition, the report includes key insights on other development activities, including (but not limited to) – licensing (In and Out), collaborations, acquisitions, reimbursement, patent, and regulatory designations.
The report includes in-depth company profiles of key players in the Global Wheelchairs Market. The company profile includes key information on the overview, financial highlights, product portfolio, business strategies, and key recent developments.
The report highlights information on emerging companies with potentially disruptive technologies and new market entrants.
Scope:
Data Collation (Primary & Secondary)
In-house Estimation (Based on proprietary databases and Models)
Market Triangulation
Forecasting
Market-related information is assembled from both primary and secondary sources.
Primary sources involved participants from all global stakeholders such as experts from several related industries and suppliers that have been interviewed to obtain and verify critical information as well as to assess prospects of the market. The participants included are CXOs, VPs, and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications annual reports press releases along with paid sources such as Factiva, OneSource, Bloomberg among others.
Top-down and bottom-up approaches: The overall market size was used in the top-down approach to estimate the sizes of other individual submarkets (mentioned in the market segmentation by product, type of manufacturing, and disease) through percentage splits from secondary and primary research. The bottom-up approach was also implemented (wherever applicable) for data extracted from secondary research to validate the market segment revenues obtained.
