Global Wheelchair Market, By Product Type, By Category, By
New York, June 06, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Wheelchair Market, By Product Type, By Category, By Application, By End User, By Region, Company Forecast & Opportunities, 2027” – https://www.reportlinker.com/p06284158/?utm_source=GNW
Global Wheelchair Market was valued at USD 4590.12 Million in 2021 and is projected to grow at a steady CAGR of 5.75% to reach USD 6390.07 Million by 2027. The market is primarily driven by increase in the prevalence of spinal cord injury in people and the growing geriatric population across the world. Furthermore, continuous advancements in wheelchair technology and the introduction of more capable wheelchairs in the market are expected to create lucrative growth opportunities for the global wheelchair market over the next five years.
A large number of people suffer from some form of mobility problem and require mobility assistance. There is a high demand for wheelchairs among the elderly population as they are vulnerable and sometimes suffer from mobility impairments; therefore, they need the support of a wheelchair to move from place to place.
The market players are investing heavily in the research and development activities to come up with innovative solutions and evolve the wheelchair to its advanced versions.
The global wheelchair market is segmented into product type, category, application, end-user, regional distribution, and competitive landscape. Based on product type, the market is divided into manual wheelchair and electric wheelchair.
Manual wheelchair dominated the market in 2021 and accounted for 61.53% of the overall market share. The segment is expected to maintain its dominance throughout the forecast period, 2023-2027. They are readily available and affordable compared to an electric wheelchair. The launch of manual wheelchair in a variety of weights and configurations to meet different patient requirements is expected to further drive the segment’s growth over the forecast period.
Some of the major market players operating in the global wheelchair market are Invacare Corporation, OttoBock Healthcare GmbH, Investor AB (Permobil AB), Hoveround Corporation, Stryker Corporation, Hill-Rom Holdings, Inc., Sunrise Medical LLC, Carex Health Brands , Inc.., Graham-Field Health Products Inc., Ltd, Karman Healthcare., Inc, among others.
Years considered for this report:
Historical years: 2017-2020
Base year: 2021
Estimated year: 2022E
Forecast period: 2023F-2027F
Goal of the study:
To analyze historical growth in market size of global wheelchair market from 2017 to 2021.
• Estimate and forecast the market size of global Wheelchair Market from 2022E to 2027F and the growth rate till 2027F.
• To classify and forecast the global Wheelchair Market based on product type, category, application, end-user, regional distribution, and competitive landscape.
• Identify drivers and challenges for the global wheelchair market.
• Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global wheelchair market.
• Conduct price analysis for the global wheelchair market.
• Identify and analyze the profile of key players operating in the global Wheelchair Market.
The analyst conducted extensive primary and secondary research for this study. Initially, the analyst procured a list of major wheelchair manufacturers across the world.
Subsequently, the analyst conducted primary research surveys with the identified companies. During the interviews, the respondents were also asked about their competitors.
Using this technique, the analyst could include wheelchair manufacturers that could not be identified due to secondary research limitations. The analyst has reviewed the wheelchair manufacturers, distribution channels, and presence of all major players operating in the global wheelchair market across the globe.
The analyst has calculated the global wheelchair market size using a bottom-up approach, where data from different regions has been recorded and forecasted for the coming years. The analyst obtained these values from industry experts and company representatives and validated them externally by analyzing historical data of these types of products and applications to derive an appropriate overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key target audience:
• Manufacturers/suppliers/distributors of wheelchairs
• Government bodies such as regulators and policy makers
• Wheelchair related organisations, forums and alliances
• Market research and consulting firms
The study is helpful in providing answers to several critical questions that are important to industry stakeholders such as wheelchair manufacturers, suppliers, distributors, and other stakeholders. The report would enable stakeholders to develop investment strategies and capitalize on opportunities in emerging markets.
In this report, the global wheelchair market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
• Wheelchair market, by product type:
o Manual wheelchair
o Electric wheelchair
• Wheelchair market, by category:
• Wheelchair market, by application:
o Basic wheelchair
o Bariatric wheelchair
o Sports wheelchair
• Wheelchair market, by end user
o Health facilities
o Home care
• Wheelchair market, by region:
o North America
o Middle East and Africa
United Arab Emirates
o South America
Company Profiles: Detailed analysis of the major companies present in the global wheelchair market.
With the given market data, we offer customizations based on the specific needs of a business. The following customization options are available for the report:
• Detailed analysis and profiling of other market players (up to five).
Read the full report: https://www.reportlinker.com/p06284158/?utm_source=GNW
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