The modern-day document posted via Report Ocean, titled “Electric Wheelchair Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The electric wheelchair is a motorized wheelchair equipped with wheels and a set of batteries to provide the required power to move the wheelchair in the desired direction, causing less physical exertion. These chairs do not require any human assistance for mobility. The factors that drive the growth of the global electric wheelchair market include upsurge in elderly population globally; necessity for automated, independent wheelchair; increase in government expenditure on healthcare, and high disposable income in developed countries such as the US, the UK, and Germany.
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However, high cost of power wheelchair and lack of awareness & infrastructure supporting easy access of wheelchair restrain the growth of the market. On the contrary, launch of smart wheelchair integrated with artificial intelligence control systems and rise in willingness among individuals toward active & independent lifestyle are expected to offer potential opportunities for manufacturers to innovate and develop new products according to consumer preferences. The global electric wheelchair market presently has witnessed a balanced growth, and is anticipated to grow with a steady CAGR during the forecast period. A considerable increase in disposable income was observed over the past decade. North America and Asia-Pacific are the prominent markets for electric wheelchair, owing to widespread adoption of electric wheelchair in the region.
The global electric wheelchair market is segmented into product type and region. Depending on product type, the market is fragmented into center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchair, and others. The others segment includes sports wheelchair, pediatric wheelchair, and high power electric wheelchair. Among these products, center wheel drive witnessed maximum demand; thus, the segment garnered the largest share in the global electric wheelchair market.
The market is analyzed across four regions, including North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the global market during the analysis period, due to the presence of multiple established manufacturers of electric wheelchair in the U.S. and Canada. However, the market in Asia-Pacific is expected to grow at a significant rate, owing to increase in geriatric population and rise in expenditure in the emerging markets such as India and China to cater to the unmet medical requirements. Enhancements in technology to develop cost-effective power wheelchair in these nations are further anticipated to offer lucrative opportunity for the expansion of the electric wheelchair industry.
The key players profiled in the report are OttoBock Healthcare GmbH, Invacare Corporation, Pride Mobility Products Corp, Permobil AB, Sunrise Medical Limited, MEYRA GmbH, Matsunaga Manufactory Co., Ltd., Karma Medical Products Co., Ltd., Miki Kogyosho Co. Ltd., and Nissin Medical Industries Co., Ltd.
Other prominent players analyzed in the report are Drive Medical Ltd., GF Health Products, Inc., Invacare Corporation., Karman Healthcare, and LEVO AG.
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Electric Wheelchair Market Segments
By Product Type
– Center Wheel Drive
– Front Wheel Drive
– Rear Wheel Drive
– Standing Electric Wheelchair
– Others
By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o UK
o France
o Italy
o Russia
o Rest of Europe
– Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o Rest of Asia Pacific
– LAMEA
o Latin America
o Middle East
o Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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