Mon. Dec 6th, 2021

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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