Fri. Nov 26th, 2021

Growing physical disabilities among children and adults is expected to drive the growth of India wheelchair market during the forecast period.

According to TechSci Research report, India Wheelchair Market By Product (Manual, Motorized and Others), By Application (Standard Wheelchair, Bariatric Wheelchair, Sports Wheelchair and Others), By End User (Hospitals, Rehab Centres, Home, Sports and Athletics, Others), By Category (Adults, Paediatric), By Company, By Region, Forecast & Opportunities, FY2026, the India wheelchair market is expected to grow at a substantial rate during the forecast period. Increasing geriatric population is projected to act as major market driven factor. Moreover, surging number of disorders requiring wheelchair support is further expected to fuel the market growth through FY2026. Furthermore, initiatives taken by the government of the country to increase awareness about the use of mobility aid medical devices among the population and various healthcare enterprises is estimated to boost India wheelchair market growth. Increasing handicapped population in the country is further expected to drive the market growth during the forecast period. However, high cost of these products can restrict the market growth over the next few years. Moreover, unfavorable reimbursement policies in the country can further hinder the market growth during the forecast period.

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The India wheelchair market is segmented based on product, application, end user, category, company, and region. Based on application, the market can be fragmented into standard wheelchair, bariatric wheelchair, sports wheelchair and other. The standard wheelchair segment is expected to dominate the market in the forthcoming years on account of its high use among the disabled population. In addition to this, the cost- effectiveness of the product is further boosting the segmental growth in the coming years. Besides, bariatric wheelchair segment is projected to witness high growing CAGR during the forecast years. This high growth is accredited to upsurge in the number of overweight people along with the high adoption of sedentary lifestyle. Based on end user, the market can be categorized into hospitals, rehab centers, home, sports and athletics, others. Among these, the homecare segment is projected to grow significantly over the forecast period owing to growing usage of wheelchairs at home as it provides complete freedom of movement to the patients. Besides, hospitals segment is witnessed to register high growth in the forthcoming years because of increasing medical emergencies requiring adoption of wheelchairs in hospitals.

Stryker India Private Limited (Stryker Corporation), Forza Medi (India) Pvt. Ltd. (Invacare Corporation), Solar Surgicals India Ltd., Hill-Rom India Private Limited, Karma Health Care Limited, GPC Medical Ltd., OttoBock Healthcare India Private Limited (OttoBock Healthcare GmbH), Pride Mobility Products Corp., Ostrich Mobility Instruments Private Limited, Vissco Rehabilitation Aids Pvt. Ltd. and others are some of the leading players operating in India wheelchair market. Companies operating in the market are using organic strategies such as product launches, mergers and acquisitions and research collaborations to boost their share and increase their geographic reach.

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“India wheelchair market is expected to witness steady growth during the forecast period on account of rapid technological advancements in the wheelchairs development. Along with this, developing healthcare infrastructure is further forecasted to bode well for the growth of wheelchair market in the country. Moreover, increase in life expectancy is further expected to create lucrative opportunities for the market growth of India wheelchair market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based India management consulting firm.

India Wheelchair Market By Product (Manual, Motorized and Others), By Application (Standard Wheelchair, Bariatric Wheelchair, Sports Wheelchair and Others), By End User (Hospitals, Rehab Centres, Home, Sports and Athletics, Others), By Category (Adults, Paediatric), By Company, By Region, Forecast & Opportunities, FY2026”, has evaluated the future growth potential of India 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 India wheelchair market.

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