According to
a new market report published by Lucintel, the future of the global wheelchair market looks promising with opportunities in homecare and institutions. The global wheelchair
market is expected
to reach an estimated $6.1 billion by 2022 and is forecast to grow
at a CAGR of 5.9% from 2017 to 2022. The major drivers for the growth of this
market are growing elderly population, rising spinal cord injuries, and necessity
of wheelchair for physically disabled people.
In this market, manual wheelchairs and power
wheelchairs are used
by physically
disabled persons who are unable to walk by themselves. On the basis of comprehensive research,
Lucintel forecasts that the power
wheelchair product type is expected to witness significant growth during
the forecast period.
Within the
global wheelchair market, manual wheelchair is the largest segment by product type during the trend period.
North America is expected to remain the
largest region due to increasing obesity, availability of more sophisticated wheelchairs,
and a high disposable income.
APAC is
expected to witness the highest growth rate over the forecast period due to a
rising disabled population along with increasing consumer awareness and
development of medical facilities.
Emerging
trends, which have a direct impact on the dynamics of the industry, include improved
wheelchair efficiency to provide more comfort and convenience, increase
adoption of power assistance device, and increase adoption of hybrid concept in
wheelchair. Invacare
Corporation, Pride Mobility Products Corporation, Sunrise Medical Limited,
OttoBock Healthcare GmbH, and Permobil AB. are among the major suppliers of wheelchair
market.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global wheelchair market by product, category, design
and function, end user, and region, and has compiled a comprehensive research report
entitled “Growth
Opportunities in the Global Wheelchair Market 2017-2022: Trends, Forecast, and
Opportunity Analysis.” The
Lucintel report serves as a catalyst for growth strategy by providing a comprehensive
data and analysis on trends, key drivers, and directions. The study includes a
forecast for the global wheelchair market by product, category, design and function, end user, and region, as
follows:
By Product Type [Volume (Thousand Units) and Value
($ Million) from 2011 to 2022]:
- Manual wheelchair
- Power wheelchair
- Front wheel drive
- Central Wheel drive
- Rear wheel drive
- Standing electric wheelchair
- Others
By Category [Value ($ Million) from 2011 to 2022]:
- Adult wheelchair
- Pediatric wheelchair
By Design and
Function [Value ($ Million) from
2011 to 2022]:
- Basic Wheelchair
- Sports Wheelchairs
- Bariatric Wheelchairs
- Standing Wheelchair
- Others
By End user [Value ($ Million) from 2011 to 2022]:
- Homecare
- Institution and others
By Region [Value ($ Million) from 2011 to 2022]:
· North America
− US
− Mexico
− Canada
· Europe
− United Kingdom
− Germany
− France
− Italy
· APAC
− China
− Japan
− India
· ROW
This 145-page research report will enable you to make confident business decisions in this
globally competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include medical market analysis,
medical market research, commercial due diligence report, business strategy consulting and
market research reports online.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q.1 What are some of the most
promising, growth opportunities for global wheelchair market by product (manual wheelchair and power wheelchair), category (adult
wheelchair and pediatric wheelchair), design and function (basic wheelchair,
sports wheelchair, bariatric wheelchair, standing wheelchair, and others), end
user (homecare and institution and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace
and why?
Q.3 Which region will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive
threats in this market?
Q.6 What are the emerging trends in this
market and the reasons behind them?
Q.7 What are some of the changing demands of
customers in the market?
Q.8 What are the new developments in the
market and which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
product substitution?
Q. 11 What M & A activity has occurred in the last 5
years?
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