Vietnam Wheelchair Market to be Dominated by Powered Type Through 2028
Rising prevalence of spinal
cord injuries and rising chronic diseases among the elderly are driving the
growth of Vietnam Wheelchair Market in the forecast period 2024-2028.
According to TechSci Research report, “Vietnam Wheelchair Market - By Region, Forecast and Opportunities, 2018-2028F”, Vietnam Wheelchair Market is expected to grow at an impressive rate
during the forecast period 2024-2028. Rising prevalence
of spinal cord injuries, rising geriatric population, recent
commercialization of wheelchairs, and the
prevalence of disease among the youth, etc.
are the primary factors driving the demand for the Vietnam Wheelchair Market. In
Vietnam, the most common causes of paralysis were multiple sclerosis (18.6%),
spinal cord injury (27.3%), and stroke (33.7%) in 2022 as per the research
article. Growing expansion of healthcare facilities by private or government
organizations, increasing investments on healthcare sector, and rising patient
awareness advancements in basic wheelchairs are expected to influence the market
demand.
Additionally, the
Vietnamese government has implemented policies and programs to support
individuals with disabilities. These initiatives include financial assistance
programs and subsidies for the purchase of assistive devices, including
wheelchairs. The government's focus on promoting inclusivity and providing
support to those in need has been a significant driving factor for the
wheelchair market, making wheelchairs more affordable and accessible to a
larger portion of the population. Government initiatives such as financial
assistance programs and subsidies for the purchase of assistive devices,
including wheelchairs, make them more affordable and accessible to its population.
The government's investments in healthcare infrastructure, including
rehabilitation centers, hospitals, and specialized care facilities, are highly
relevant to the growth of the wheelchair market. These facilities often
prescribe wheelchairs as part of the rehabilitation process or for long-term
use. By improving the quality and accessibility of healthcare services, the
government indirectly stimulates the demand for wheelchairs, creating
opportunities for manufacturers and suppliers.
However, the advancement
in technology supports the patient in mobility impairment. Additionally, the
Vietnamese government has taken proactive measures to improve the lives of
individuals with disabilities, including providing support for wheelchair
users. Government initiatives include the provision of wheelchairs to those in
need, particularly in rural areas, where access to healthcare and mobility aids
may be limited. Such programs contribute to the growth of Vietnam wheelchair
market in the forecast period.
One of the major
restraining factors in the wheelchair market is the affordability of
wheelchairs, particularly for individuals from lower-income backgrounds.
High-quality and technologically advanced wheelchairs can be costly, making
them inaccessible to a large segment of the population. Financial constraints
and limited insurance coverage also makes it challenging for many individuals
to afford the necessary mobility aids, hindering the growth of Vietnam
wheelchair market.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on "Vietnam Wheelchair Market.”
The Vietnam Wheelchair Market can be segmented by product type,
category, application, end user, company, and region.
Based on product type, the
market can be segmented into manual wheelchair and powered wheelchair. The powered wheelchair segment
is expected to dominate the market in the forecast period. This can be ascribed
to the technological advancement in manufacturing wheelchairs with
incorporation of AI technologies in it. However, the powered wheelchair is also
expected to dominate in the forecast period due to the utilization of
technology for its working.
Based on category, the market
can be segmented into adult and pediatric. The pediatric segment dominated the
market with the highest share due to its features of providing mobility
assistance for children of all ages.
Based on end user, the market
is segmented into Basic Wheelchair, Bariatric Wheelchair, Sports Wheelchair,
and Others. The Sports Wheelchair segment is expected to dominate the market
through the forecast period due to easy to operate and technology equipped wheelchairs
for both indoor and outdoor purposes.
Major companies operating
in Vietnam Wheelchair Market include:
- Aikin
Holding Corp. Vietnam Manufacturer
- Vietnam
Precision Industrial Joint Stock Company
- Kenda Rubber
(Vietnam) Co., Ltd.
- An Viet Long
Co., Ltd.
- MZ Vietnam
Co., Ltd
- Wus Tech
(Vietnam) Co., Ltd.
- OIA Global
Vietnam Co., Ltd.
- Wus Tech
(Vietnam) Co., Ltd.
- Ben Thanh
Investment
- Technet JSC
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“Vietnam
Wheelchair Market is expected to witness significant growth during the forecast
period on account of rising prevalence of diseases among the elderly. An
increase in the number of road accidents and chronic diseases further supports
the demand for wheelchairs in Vietnam. Additionally, increase in the emergence
of players manufacturing wheelchair is expected to create lucrative
opportunities for the market growth in the next few years” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Vietnam Wheelchair
Market, By Product Type (Manual
Wheelchair, Powered Wheelchair), By Category (Adult, Paediatric), By Application (Basic Wheelchair, Bariatric
Wheelchair, Sports Wheelchair, Others), By End User (Healthcare Facilities,
Home Care), By
Region, Competition Forecast & Opportunities, 2028F”, has evaluated the future growth
potential of Vietnam Wheelchair Market and provides statistics &
information on market size, 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 Vietnam
Wheelchair Market.
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