Wheelchairs Market 2018-2026 | Size, Share and Forecast | Credence Research

The global wheelchairs market was valued at US$ 4,878.2 Mn in 2017 and expected to reach US$ 15,432.5 Mn by 2026, expanding at a CAGR of 13.5% from 2018 to 2026.

The latest market report published by Credence Research, Inc. "Wheelchairs Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026," the global wheelchair market was valued at US$ 4,878.2 million in 2017 and expected to reach US$ 15,432.5 million by 2026, expanding to a CAGR of 13.5 percent from 2018 to 2026.

Market Insights

In recent years, the global wheelchair market has witnessed growing adoption due to factors such as increasing patients ' need to reinstate their independence and mobility, growing senescent populations, increasing automation in mobility products, and demand from specialized wheelchairs from the sports fraternity. Perpetual innovations and development in the field of wheelchairs make them automatic, lightweight and even for purposes such as climbing stairs make this market increasingly lucrative for manufacturers and other stakeholders alike. Growing awareness in the patients and consumers is making their requirements more prominent and the prevalent fragmented nature of the market is in turn creating cut throat competition among the market players. Hence for sustaining the competitive front, the players are more and more involved in product innovation providing the patients with added convenience, safety, efficiency and comfort at competitive prices.

Browse the full report Wheelchairs Market - Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/wheelchairs-market

Based on product types, the global wheelchair market is segmented into general purpose wheelchairs, power wheelchairs, manual sports wheelchairs and mobility scooters. The manual variants, i.e. general purpose wheelchairs and manual sports wheelchairs, occupy a larger market share with a significant traction coming from power wheelchairs. Among applications such as standard transportation, pediatric application, sports utility and others, the sports utility segment will progress over the forecast period at a rapid CAGR that surpasses the global benchmark. Wheelchairs have major usage areas in hospitals and clinics, ambulatory centers, home care, and others. Professional care institutions, particularly hospitals and clinics, and outpatient centers are the largest segments generating revenue on the global market. The highest demand for manual wheelchairs in these segments. Where power variants and mobility scooters gain demand from home segment.

Geographically, due to higher purchasing power, increased awareness and the prominent presence of the baby boomer population is helping North America to have the strongest revenue presence on the global market, followed by Europe. The region's prime wheelchair user base forms the senescent population, which continues to rise in North America. Products such as mobility scooters are also gaining demand in the region due to consistent growth in the obese population.
Asia Pacific shall witness breakthrough growth during the forecast period, even cannibalizing on the market share of North America. Revolutionizing transition in the healthcare system and infrastructure in the region along with large population base are determining the trends in Asia Pacific market.

Furthermore, as the global pool of disabilities, musculoskeletal conditions due to diseases and trauma and related awareness increase, the market for wheelchairs will grow in tow. Growing purchasing powers and per capita incomes will yield the growth in demand for power wheelchairs and mobility scooters. Increasing activities by advocacy and support groups and governments will urge increased interest in sports for the disabled and thus augment the market demand in specialty segments.

Key Market Movements:

Growing establishments of assisted living facilities and hospice globally to drive the demand for general purpose and power wheelchairs
Increasing focus on independent living among the disabled population
Growing prevalence of spinal cord injuries and musculoskeletal conditions such as osteoporosis and rheumatoid arthritis that restrict patient movements
Never before growth in popularity of disabled sports and recreational activities to boost demand for wheelchairs

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Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Global Wheelchairs Market: Dynamics and Future Outlook
Chapter 4. Global Wheelchairs Market, by Type, 2016 - 2026 (US$ Mn)
4.1. Overview
4.2. General Purpose Wheelchairs
4.3. Power Wheelchairs
4.4. Manual Sports Wheelchairs
4.5. Mobility Scooters

Chapter 5. Global Wheelchairs Market, by Application, 2016 - 2026 (US$ Mn)
5.1. Overview
5.2. Standard Transport
5.3. Pediatric
5.4. Sports Utility
5.5. Others

Chapter 6. Global Wheelchairs Market, by Usage Area, 2016 - 2026 (US$ Mn)
6.1. Overview
6.2. Hospitals & Clinics
6.3. Ambulatory Centers
6.4. Home Care
6.5. Others

Chapter 7. Global Wheelchairs Market, by Geography, 2016 – 2026 (US$ Mn)
Chapter 8. Company Profiles
8.1. Ottobock SE & Co. KGaA
8.1.1. Company Overview
8.1.2. Financial Information (Subject to Data Availability)
8.1.3. Product Portfolio
8.1.4. Key Developments
8.2. Permobil AB
8.3. Sunrise Medical LLC
8.4. Medline Industries Inc.
8.5. 21st Century Scientific Inc.
8.6. LEVO AG
8.7. Karma Medical Products Co. Ltd.
8.8. Invacare Corporation
8.9. Quantum Rehab
8.10. TGA Mobility
8.11. Panthera AB
8.12. Hoveround (Healthcare Products Holdings Inc.)
8.13. Pride Mobility Products Corporation

Browse the full report Wheelchairs Market - Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/wheelchairs-market

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