According to
a new market report published by Lucintel, the future of the global wheelchair market
looks promising with opportunities in homecare and health
institutions. The global wheelchair market is expected to reach an estimated $7.5
billion by 2024 with a CAGR of 7.2% from 2019 to 2024. The major drivers for
this market are growing elderly population, rising spinal cord injuries, and increasing
obesity rate.
In this market, manual wheelchair and power
wheelchair both are used to provide mobility solutions to end users. Lucintel
forecasts that the power wheelchair is expected to witness the highest growth
during the forecast period due to increasing demand for multi-functionality wheelchair,
such as tilt in, reclining, and standing wheelchair.
Within this market, basic, sports, bariatric, and
standing wheelchairs are used in various applications. Basic wheelchair will
remain the largest segment due to easy availability and low cost.
North America will remain the largest region
due to an increasing obesity rate and growing elderly population. Asia Pacific is
expected to witness the highest growth rate over the forecast period due to increasing
government healthcare expenditure, rising disabled population, and increasing
in development of medical facilities.
Emerging trends, which have a direct impact on
the dynamics of the industry, include increase adoption of power assistance
device and development of hybrid concept wheelchair. Invacare, Pride Mobility
Products, Sunrise Medical, Ottobock, Permobil, Drive Medical, LEVO, and 21st
Century Scientific 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 use,
and region, and has compiled a comprehensive research report entitled “Growth Opportunities in
the Global wheelchair Market 2019-2024: 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 use, and region, as follows:
By Wheel Chair Type [Value ($B) and Volume (Thousand Units) from
2013 to 2024]:
- Manual Wheelchair
- Power Wheelchair
o
Front Wheel Drive
o
Central Wheel Drive
o
Rear Wheel Drive
o
Standing Electric Wheelchair
o
Others
By Category [Value
($ Billion) from 2013 to 2024]:
·
Adult Wheelchair
·
Pediatric Wheelchair
By Design and
Function [Value ($ Billion) from 2013 to 2024]:
· Basic Wheelchair
· Sports Wheelchair
· Bariatric Wheelchair
· Standing Wheelchair
· Others
By End Use [Value ($B) from 2013 to 2024]:
·
Homecare
·
Healthcare Institution and Others
By Region [Value ($ Billion) from 2013 to 2024 and Volume
(Thousand Units)]:
- North America
o
US
o
Mexico
o
Canada
- Europe
o
United Kingdom
o
Germany
o
France
o
Italy
- APAC
o
China
o
Japan
o
India
- ROW
This 172-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 chemical
market research reports, chemical
industry analysis report, 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. We
offer 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 and power wheelchair), category (adult
and pediatric wheelchair), function (basic, sports, bariatric, standing
wheelchair, and others), end use (homecare and healthcare institution and
others), and region (North America, Europe, Asia Pacific (APAC),
and the Rest of the World (ROW))?
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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