Wheelchair Market to grow at a Steady Rate through 2026
High-end
investments for development of healthcare facilities and adoption of sedentary
lifestyle are expected to drive the demand for global wheelchair market in
forecast period.
According
to TechSci Research report, “Global Wheelchair
Market By Product Type (Manual v/s Powered), By Category (Adult v/s
Pediatric), By Application (Basic Wheelchair, Bariatric Wheelchair, Sports
Wheelchair, Others), By End User (Healthcare Facilities, Homecare, Others), By
Company, By Region, Forecast & Opportunities, 2026”, global wheelchair
market is expected to witness steady growth rate during the forecast period. Increase
in prevalence of walking disabilities among every age group and integration of
technology along with wheelchairs for improved assistance and reducing the
dependance of patients on other people is driving the global wheelchair market.
Increasing cases for accidental injuries across the world is fostering the
wheelchair market. However, high cost for advanced wheelchairs and
unavailability of healthcare facilities in under developed and developing
economies may hinder the global wheelchair market.
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Global wheelchair market is segmented into product
type, category, application, end user, region, and company. Based on product,
market is further bifurcated into manual and electric type of wheelchair.
Manual wheelchair is expected to hold major market revenue for the next five
years due to independence from charging unlike electric wheelchairs. Manual
wheelchair comes in different weight sizes according to the need of the
patient. Also, manual wheelchairs are cost-effective over its electric
wheelchairs. This fact along with its ability to take less space by using
folding options for wheelchairs is expected to fuel the global wheelchair
market for the next five years. Depending on category, global wheelchair market
is segregated into adults and pediatric
segment. Adult segment dominated the wheelchair market in 2020 and is expected
to dominate the market during the predicted period due to the rise in adult
population across the globe. Knee pain, arthritis pain, severe injuries in hip,
back or ankle and others is aiding in increasing the demand for global
wheelchairs market. Based on application, global wheelchair market is categorised
into basic wheelchair, bariatric wheelchair, and sports wheelchair segments.
Standard wheelchair is anticipated to account for largest market share on
account of its cost-effectiveness over others and increased preference amongst
the disabled population. Bariatric wheelchair is expected to witness fastest
incremental growth during the forecast period. Rise in the number of obese
people due to unhealthy eating habits and lower preference for outdoor
activities is driving the global market growth for wheelchair.
Invacare
Corporation, OttoBock Healthcare GmbH, Investor AB (Permobil AB), Hoveround
Corporation, Stryker Corporation, Hill-Rom Holdings, Inc., Sunrise Medical LLC,
Carex Health Brands, Inc., Graham-Field Health Products Inc., Karman
Healthcare., Inc., Numotion, 21st century Scientific Inc., Drive DeVilbiss
Healthcare, Meyra GmbH, Levo AG are
the leading players operating in global wheelchair market. Manufacturers are
increasingly focusing on research and development process to fuel higher growth
in the market. To meet evolving customer demand with respect to better
efficiency and durability, several wheelchair manufacturers are coming up with
their technologically advanced offerings.
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“Adoption of
technology in existing wheelchair designs and development of new wheelchair
incorporated with advanced feature to move through difficult terrains is
boosting the market demand for wheelchairs market. Rise in number of on-road
accidents and incidences inducing temporary and permanent disability in people
is influencing the global wheelchair market growth. Also, government
initiatives and facility for reimbursement in some economies is expected to
propel the market growth till 2026” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Global Wheelchair Market
By Product Type (Manual v/s Powered), By Category (Adult v/s Pediatric), By
Application (Basic Wheelchair, Bariatric Wheelchair, Sports Wheelchair,
Others), By End User (Healthcare Facilities, Homecare, Others), By Company, By
Region, Forecast & Opportunities, 2026” has evaluated
the future growth potential of global wheelchair market and provided statistics
& information on market size, shares, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the of global wheelchair market.
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