Wheelchairs Market Report Explain how the market has changed over the Years.
Global Wheelchairs Market was valued at USD 7.3 billion in 2022. It is projected to reach USD 14.9 billion in 2030. The compound annual growth rate (CAGR), of 9.92% is forecast for the period 2022-2030.
A wheelchair with wheels is used to transport people who cannot walk because of illness, disability, or disease. The differently-abled and elderly population are the most common users of wheelchairs. Because it is difficult to operate a manual wheelchair efficiently, elderly and disabled people use electric wheelchairs. Manual wheelchairs are lighter and require less maintenance than electric wheelchairs.
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Market Dynamics
Market drivers
As we age, there is an increase in dependence on our organ systems. In arthritis, for example, reduced leg movement and lower body movement can lead to restricted locomotion. The WHO estimates that the world’s population over 60 years will nearly double to 13% and 23% by 2050. The demand for wheelchairs will increase as a result of the growing geriatric population. According to the United Nations (UN), in 2017 there were 543.8 millions of people over 60 in Asia and 183 in Europe. This number is expected to rise to 1,273.2 million in Asia and 247.2 million respectively in Europe. These factors will likely boost the growth in the global wheelchair market over the forecast period.
Market Restraints
High costs
There are two types of wheelchairs on the market: powered and manual. Manual wheelchairs cannot be powered by batteries and must be manually operated. Many of the wheelchair users are elderly and disabled. They are dependent on others for their operation. Power wheelchairs are an alternative to manual ones. They can be operated by patients and run on a battery. These powered wheelchairs are more expensive than their manual counterparts. This is expected to limit the growth of the global wheelchair market during the forecast period.
The Wheelchairs market report covers the Top Players:
Invacare Corp
Sunrise Medical
Permobil Corp
Pride Mobility
Drive Medical
Handicare
Medline
Ottobock
GF Health
Karman
Hubang
Hoveround Corp
NISSIN
N.V. Vermeiren
MIKI
PDG
If You have no time to read the complete report. I’ve also shared a buying guide (What Advantages should it have) that will help you understand the most important aspects of the Wheelchairs Market:
– Analyzing and identifying top players and their strategies.
– Understanding the competitive landscape.
– You can plan for expansion into other business segments.
– Identifying consumer insights.
– You can strategize for entry into the market.
Segmentation of the Wheelchairs Market:
These are the main product categories included in the Wheelchairs market report:
Wheelchairs Powered
Wheelchairs Manual
Application in the Wheelchairs market report:
Hospitals
Recuperation Mechanism
Family Expenses
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Segment Percentage By Country And Region, Wheelchairs 2023
Geographically, there are five regions that make up the global Wheelchairs market: North America (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
– North American country-level analyses include the U.S., Canada, and the Rest of North America. Analyze and forecast Wheelchairs for Europe, including markets from the U.K. through France and Germany. Asia Pacific includes India, China and Japan, as well as the Rest of Asia Pacific. Market analysis and forecast for the Middle East & Africa include South Africa, GCC countries, and the Rest Of The Middle East & Africa. The South American market Wheelchairs is divided into Brazil (and the Rest of South America).
The purpose of this Wheelchairs market study :
1) Give insight into market growth factors. Analyze the market for Wheelchairs’ based on different factors such as price analysis, supply chains analysis, and five intercom analysis.
2) This report Provides forecasts and detailed analysis of the global Wheelchairs Market.
3) This report Provides a country-level analysis of the market for the current size of the Wheelchairs Market as well as future growth.
4) This report provides country-level market analyses of the segment by product type, application, and sub-segments.
5) This report Establishes historical revenues and future revenue for market segments or sub-segments that relate to four major geographic areas and their respective countries: North America (Europe), Asia (Asia), and North America.
6) This report Monitor and analyze competitive developments such as joint ventures or strategic alliances.
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