Electric wheelchairs are also called as power chairs or powered wheelchairs. They do not require any human assistance for mobility as they are powered by a battery. The most obvious advantage of electric wheelchair is that they are user-friendly and convenient. These electric wheelchairs are useful for those unable to use a manual wheelchair or who may want to use a wheelchair for traveling a long distance and in such case using a manual wheelchair is very difficult. Apart from people with a traditional mobility disability, they may also be used by people with cardiovascular diseases or who met with any accidental conditions.
Market trend Snapshot
Global Powered Wheelchairs market was valued at 2,383 million USD in 2019 and projected to reach 4,163 million USD by 2026, growing at a CAGR of 8.3%. This report provides comprehensive and in-depth analysis and prediction of the Powered Wheelchairs industry.
Ease of mobility, convenience, growing worldwide elderly population, growing consumer awareness, high purchasing power, and growing demand for advanced wheelchairs from the sports industry, as many sports events are organized for disabled persons such as wheelchair basketball, wheelchair rugby, and others are factors that propelling the Powered Wheelchairs market growth. Furthermore, increase in government funds for medical equipment for the population aged at 60 years and above, rise in the incidence of spinal disorders, the necessity for automated wheelchairs for disabled people, and inclination towards more sophisticated technology are some of the other important factors that drive the Powered Wheelchairs market growth. However, the high cost of the electric wheelchair, lack of awareness and infrastructure in the developing & the underdeveloped countries are projected to hinder the market growth.
From Base year 2018 to forecast year 2026
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Key Market Players Profile
Key market players covered in the report such as Golden Technologies, Drive Medical, Invacare Corp, Hoveround Corp, Heartway USA, 21st Century SCIENTIFIC, Pride Mobility Products Corp, EZ Lite Cruiser, Merits Health Products, and Dane. These players’ market share, revenue, company profile, and SWOT analysis are covered in the Powered Wheelchairs report. In the future, production and consumption are estimated to continue developing with a stable growth rate. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.
Asia Pacific holds the largest Powered Wheelchairs market share
The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, development trends, and economic development in these countries are also taken into consideration.
The Asia Pacific is the leading market with a share of 39.03% owing to an increase in urbanization & disposable income, rise in awareness about automated wheelchairs, and presence of high obese & elderly patient population. The electric wheelchair manufacturers are now targeting developing nations, such as India and China, as the potential markets, owing to the increase in penetration of electric wheelchairs in the global market.
North America is the second largest market with a share of 31.76 and expected to maintain dominance during the predicted years. The continuously rising geriatric population and the high disposable income of consumers are also supporting the growth of this regional market. Furthermore, the rise in consumer awareness and their affinity towards new technology is likely to propel the market for electric wheelchair market in North America over the forecast period.
Powered Wheelchairs Type and Application Sketch
By type
By application
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Powered Wheelchairs Report provides
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Powered Wheelchairs Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Powered Wheelchairs Market by Types
4 Segmentation of Powered Wheelchairs Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Powered Wheelchairs Market in Major Countries
7 North America Powered Wheelchairs Landscape Analysis
8 Europe Powered Wheelchairs Landscape Analysis
9 Asia Pacific Powered Wheelchairs Landscape Analysis
10 Latin America, Middle East & Africa Powered Wheelchairs Landscape Analysis
11 Major Players Profile
11.1 Golden Technologies
11.1.1 Golden Technologies Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Drive Medical
11.3 Invacare Corp
11.4 Hoveround Corp
11.5 Heartway USA
11.6 21st Century SCIENTIFIC
11.7 Pride Mobility Products Corp
11.8 EZ Lite Cruiser
11.9 Merits Health Products
11.10 Dane
…
Target Audience:
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