The global wheelchair market size was valued at USD 2.7 billion in 2020 and is expected to expand at a CAGR of 8.0% from 2021 to 2028. Rising population of geriatrics and the rise in number of disorders such as spinal cord injuries requiring mobility assistance are some of the key factors driving the market.

Electric wheelchairs provide increased independence to the user owing to its ease of usage and ability to travel for longer distances without fatigue. These wheelchairs are ideal for users having no upper body strength. Electric wheelchairs are more popular in developed countries such as the U.S. owing to the availability of advanced healthcare facilities. In July 2020, Scewo, a Swiss-based company amidst the pandemic launched Scewo Bro, an electric wheelchair that can climb up and down the stairs independently and smoothly.

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The global electric wheelchair market is set to experience a boost in the growth rate during the forecast period. There are many factors that may influence the growth rate of the electric wheelchair market. Convenience and stability are significant for a rise in the sales of electric wheelchairs. Furthermore, the elderly population is more inclined towards the electric wheelchairs for convenience and ease of operation.

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Key Player Mentioned:

Carex Health Brands, Inc.

Drive Medical Design & Manufacturing

Graham-Field Health Products Inc.

Invacare

Medline

Sunrise Medical LLC

Karman Healthcare

Quantum Rehab

Numotion

Product Segment Analysis:

 

Manual

Electric

 

Application Segment Analysis:

Homecare

Hospitals

Ambulatory Surgical Centers

Rehabilitation Centers

As stated on multiple occasions, the geriatric population is a key target audience group, the proportion of which is abundant in countries such as Japan. According to an article published in The Japan Times in 2019, over 20.0% of the country’s population is over 65 years old, the highest proportion in the world. By 2030, one in every three people will be 65 or older, and one in five people will be 75-plus years old.

Regional Segment Analysis:

North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa

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The pediatric segment is also expected to grow significantly owing to the growing number of childhood disorders such as cerebral palsy. Cerebral palsy is one of the most common movement disorders that require wheelchairs. According to the Cerebral Palsy Guidance, over 10, 000 babies in the U.S. are born with this disorder each year. It is the most commonly diagnosed childhood motor disability in the U.S. Thus, pediatric segment is expected to be a key revenue generator for wheelchair manufacturers in the years to come.

COVID-19 Impact:

The outbreak of the COVID-19 pandemic has significantly increased the demand for antiviral medicines globally. The treatment of novel coronavirus has increased the demand for broad-spectrum Glucose to manage the disease. Remdesivir, favipiravir, oseltamivir, and other combination medicines are highly prescribed for the treatment of COVID-19. Moreover, governments are increasing funding to pharmaceutical companies to develop novel therapeutics against COVID-19. For instance, in June 2021, the U.S. government has announced an investment of more than USD 3 billion to fasten the discovery, development, and manufacturing of antiviral medicines for COVID-19 treatment. The rising incidence of disease coupled with increasing R&D will increase the demand for Glucose in the next 2 to 3 years.

Good Reasons to Buy a Global Wheelchair Market Report:

Offers detailed market breakdown and data triangulation that will help guide the market trends.The methodology used in the report gives the absolute authentic data that helps advising whether the market has an opportunity in the upcoming years.Provides a detail analysis about the Covid-19 impact on the market and how it will help boost the market in the near future.Give’s a thorough analyst’s viewpoint which guides the client through market collaterals for the better opportunities in the market.Pinpoints the most valued region and how the market can be expanded in the industry to generate more revenue with all the important government guidelines and environmental policies.

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