Global Wheelchair Industry
New Study On “Global Wheelchair Market 2019 Industry Analysis, Segment & Forecast Up to 2023” Added to Wise Guy Reports Database
Market Overview
The wheelchair market is showcasing positive growth rate due to the presence of a large patient base needing wheelchair due to a number of diseases and injuries. This includes polio, spinal cord injury, hepatitis C, and more. Also, an increasing number of accidents leading to permanent disability or loss of legs is another key driving factor of the market. The report published in on the global wheelchair market revealed the growth to be at a notable pace.
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However, the growing adoption rate of prosthetics can be a hindrance to the market growth. But the wheelchair market is expected to still showcase positive numbers as the treatment and implant cost of prosthetics is extremely high compared to the option of purchasing a wheelchair.
Market Segmentation
The global wheelchair market has been segmented in terms of type and applications.
By end-user, the market is divided into hospitals and homecare.
By type, the market segments into reclining wheelchair, sports wheelchair, bariatric wheelchair, special application wheelchair, standing wheelchair, and standard wheelchair.
By operation mode, the market branches down into manually-operated and electrically-powered wheelchair. The electrically-powered wheelchair segment is expected to grow significantly over the forecast period due to its rising adoption in developed economies. On the other hand, the manually-operated wheelchairs boast significant penetration across developing economies due to its comparatively lower pricing.
By age group, the market narrows down into pediatric and adult wheelchair.
Regional Analysis
The global wheelchair market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World.
The Asia Pacific region is anticipated to lead the market of wheelchair over the forecast period with the highest share percentage. Some of the major contributors of region include countries like Indonesia, China, Japan, India, and South Korea. The region is even expected to garner the highest CAGR during the forecast timeline. The increasing healthcare expenditure, increasing adoption rate of electric-powered wheelchairs, and increasing government funding in assistance for disable people are all driving the market growth in this region.
Competitive Landscape
The global wheelchair market comprises a host of key players. This includes names like Drive Medical Ltd., Comfort Mobility Corp., 21st Century Scientific, Inc., Foshan Dongfang Medical Equipment Manufactory (Ltd.), Convaid Products, Inc., Antano Group S.R.L, Jerry Medical Instrument (Shanghai) Co., Ltd., GF Health Products, Inc., Eurovema AB, Etac AB, Matsunaga Manufactory Co., Ltd., Kwang Yang Motor Co., Ltd, Invacare Corporation, Hoveround Corporation, Meyra Wilhelm Meyer Gmbh & Co. Kg, Magic Mobility Pty Ltd., Karman Healthcare Inc., Merits Health Products Co. Ltd., Pihsiang Machinery Mfg. Co., Ltd., Medline Industries, Inc., Levo AG, Sunrise Medical Limited, Pride Mobility Products Corporation, Otto Bock Healthcare Gmbh, Permobil AB, The Scooter Store, Ltd., Product Design Group, Inc., and others.
Industry Buzz
August 2019, leading fashion doll manufacturing company, Barbie, announced the launch of a new range of stylish wheelchair covers for both children and adults.
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