According to a new market report published by Lucintel, the future of the wheelchair market looks promising with opportunities in homecare and health institutions. The global wheelchair market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $7.4 billion by 2025 with a CAGR of 4% to 7% from 2020 to 2025 . The major drivers for this market are growing elderly population, rising spinal cord injuries, and increasing obesity rate.
Browse 74 market data tables and 96 figures spread through 172 pages and in-depth TOC on “Wheelchair Market"
To download report brochure, please go to https://www.lucintel.com/wheelchair-market.aspx and click "report brochure" tab from the menu.
In this market, manual wheelchair and power wheelchair both are used to provide mobility solutions to end users. Lucintel forecasts that the power wheelchair is expected to witness the highest growth during the forecast period due to increasing demand for multi-functionality wheelchair, such as tilt in, reclining, and standing wheelchair.
Within this market, basic, sports, bariatric, and standing wheelchairs are used in various applications. Basic wheelchair will remain the largest segment due to easy availability and low cost.
North America will remain the largest region due to an increasing obesity rate and growing elderly population. Asia Pacific is expected to witness the highest growth rate over the forecast period due to increasing government healthcare expenditure, rising disabled population, and increasing in development of medical facilities.
Emerging trends, which have a direct impact on the dynamics of the industry, include increase adoption of power assistance device and development of hybrid concept wheelchair. Invacare, Pride Mobility Products, Sunrise Medical, Ottobock, Permobil, Drive Medical, LEVO, and 21st Century Scientific are among the major suppliers of wheelchair market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the wheelchair market by product, category, design and function, end use, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the wheelchair Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the wheelchair market by product, category, design and function, end use, and region, as follows:
By Wheel Chair Type [Value ($B) and Volume (Thousand Units) from 2013 to 2024]:
Manual Wheelchair
Power Wheelchair
Front Wheel Drive
Central Wheel Drive
Rear Wheel Drive
Standing Electric Wheelchair
Others
By Category [Value ($ Billion) from 2013 to 2024]:
Adult Wheelchair
Pediatric Wheelchair
By Design and Function [Value ($ Billion) from 2013 to 2024]:
Basic Wheelchair
Sports Wheelchair
Bariatric Wheelchair
Standing Wheelchair
Others
By End Use [Value ($B) from 2013 to 2024]:
Homecare
Healthcare Institution and Others
By Region [Value ($ Billion) from 2013 to 2024 and Volume (Thousand Units)]:
North America
Europe
United Kingdom
Germany
France
Italy
APAC
ROW
This 172-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/wheelchair-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.