According to a new report published by Allied Market Research, titled, "Electric Wheelchair Market by Product Type: Global Opportunity Analysis and Industry Forecast, 2021–2027," the global electric wheelchair market size was $2.9 billion in 2019, and is projected reach $5.8 billion by 2027, registering a CAGR of 9.7% from 2021 to 2027
Center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchair, and others are the major product types of electric wheelchair. Center wheel drive segment is the leads in terms of global electric wheelchair market share, and is expected to retain its dominance throughout the forecast period, owing to higher stability; superior maneuverability; and enhanced traction on surfaces, inclines, and side slopes.
The global electric wheelchair industry has witnessed notable growth in the last few years, owing to increase in trend of automation that facilitates enhanced returns on investments and cost optimization. Electric wheelchair are now equipped with durable, adjustable, and feature special seats with soft pads for orthopedic patients.
Upsurge in elderly population, necessity of automated wheelchair for disabled people, and high disposable income of people are the major factors contributing toward the growth of the electric wheelchair market. However, excessive cost of electric wheelchair and lack of awareness and infrastructure restrict the adoption of electrical wheelchair.
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Electric wheelchair are an effective way to alleviate the impact of mobility limitations for aged people, permitting more efficient ambulation over long & short distance along with increased independence. Furthermore, electric wheelchair are gaining high traction, owing to the convenience, programmed system, and easy movement of the chairs. In addition, increase in life expectancy has resulted in growing need for electric wheelchair for performance of daily activities, which significantly drives the global electric wheelchair market growth. The market is further expected to undergo a massive transformation with the use of automation and artificial intelligence. The global electric wheelchair market is segmented into product type, which includes center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchair and others. Region wise, the electric wheelchair market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings of the Study:
- Region wise, North America dominates in terms of share, and is expected to retain its dominance during the forecast period.
- On the basis of type, the center wheel drive segment led in terms of market size in 2019, and is expected to continue this trend in the upcoming years.
- Asia-Pacific is anticipated to grow with robust CAGR of 11.5% during the electric wheelchair market forecast period.
- Average price of electric wheelchair ranges between $1,500 and $3,500.
- Online sales channels are expected to gain prominence in the upcoming years.
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The key players profiled in the electric wheelchair market 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 electric wheelchair market analysis are Drive Medical Ltd., GF Health Products, Inc., Karman Healthcare, and LEVO AG. Players operating in the industry are consistently launching new products with advanced technologies to meet the increasing customer needs. Significant increase in investments for R&D activities in wireless technology companies facilitates product innovation and development of customized solutions.
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Electric Wheelchair Market report added by Value Market Research, offering growth, trends, and forecast for each segment along with regional and country analysis.
Further, this report also highlights the regional and country-level market analysis.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the electric wheelchair market include Drive Medical Ltd., GF Health Products, Inc., Invacare Corporation, Karman Healthcare, LEVO AG, MEYRA GmbH, OttoBock Healthcare GmbH, Permobil AB, Pride Mobility Products Corp., and Sunrise Medical Limited among others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Electric Wheelchair Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/electric-wheelchair-market/download-sampleMarket DynamicsThe rising demand for electric wheelchairs owing to user-friendly and more comfortable over manual wheelchair is driving the market growth.
Rise in per capital income followed by growing customer awareness regarding the electrically powered is further contributing the market growth.
In spite of this, high cost associated with the product is expected to hamper the market growthThis detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
The Global Wheelchair and Components Market 2020 explores the implications of a wide variety of factors influencing market drivers and growth.
It provides the key players inside and out bits of information, market structure, market share and their strategies.
In addition, this study reviews the global Wheelchair and Components Market wholesalers, channels of bargains, challenges, opportunities, boosters, potential examples, rate of change, market share, and status.A detailed analysis into the market position of Wheelchair and Components market competitiveness, benefits and downside of enterprise stock, industry growth patterns in the studied market, regional industrial layout attributes and economic policies, industry News and Strategies has been included.Get sample report@ https://www.kdmarketinsights.com/sample/3318Following are the key segments covered in the report:Based on (By Technology), the global Wheelchair and Components market is categorized as:- Continuous Fiber Composites- Discontinuous Fiber Composites- MetalsBased on (By Components), the global Wheelchair and Components market is categorized as:- Hard Rims and Wheel Rims- Frames- Other ComponentsBased on (By Application), the global Wheelchair and Components market is categorized as:- Manual Wheelchair- Powered Wheelchair- OthersBased on region, the global Wheelchair and Components market is segmented into:North America (U.S. & Canada)Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe)Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific)Latin America (Brazil, Mexico, and Rest of Latin America)Middle East & Africa (GCC, North Africa, South Africa, and Rest of Middle East & Africa)Get Complete Research Report with TOC@ https://www.kdmarketinsights.com/product/3318/wheelchair-and-components-marketRelevant points Highlighted:The report includes an overall business forecast that aims to gain valuable insights into the global Wheelchair and Components market.The main segments have been further classified into sub-segments for a detailed review and a deeper understanding of the industry.The factors leading to market growth have been listed.
The data has been collected from primary and secondary sources and analyzed by professionals in the field.The study analyses the latest trends and company profiles of the major players in the market.List of leading players:There are various players operating in the market.
The report provides a competitive analysis of major players along with their market share and contribution to the studied market.
Some key players of the global Wheelchair and Components Market are- Invacare Corp- Ottobock Healthcare GmbH- Permobil AB- Pride Mobility- Products Corp.- Handicare- Sunrise Medical- Panthera- 21st Century Scientific, Inc.- Meyra Wilhelm Meyer GmbH & Co. KG- Others Major and Niche Players.The Following are the Key Features of Global Wheelchair and Components Market Report:Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain AnalysisGrowth Drivers and Barriers, Market Trends & Market OpportunitiesPorter’s Five Forces Analysis & Trade AnalysisMarket Forecast Analysis for 2019-2025Market Segments by Geographies and CountriesMarket Segment Trend and ForecastMarket Analysis and RecommendationsPrice AnalysisKey Market Driving FactorsWheelchair and Components Market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.The report addresses following doubts:Which is the leading company in terms of innovation in the Wheelchair and Components market?What are the drivers that are affecting the demand for Wheelchair and Components Market?What are the growth prospects in the emerging regions for market players?What are the different distribution channels followed in the Wheelchair and Components market by prominent market players?How do emerging market participants in the existing market environment develop their presence?Get Discount report@ https://www.kdmarketinsights.com/discount/3318About Us:KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services.
The Global Elderly and Disabled Assistive Devices Market size is estimated to be USD 28.21 billion in 2019 and is predicted to reach USD 65.11 billion by 2030 with a CAGR of 7.9% from 2020-2030.Elderly and Disabled Assistive Devices includes the variety of devices with advanced technology and provide enhanced mobility to the geriatric and disabled patient.
It consists of various devices which are used in day today activities such as walking, hearing and others and also helps in the improvement of quality of life.
These devices can be independently used by the geriatric and disabled and make them self-dependent for daily chores.Access Full Description of this report at:- https://www.nextmsc.com/report/elderly-disabled-assistive-devices-market Top Companies: GN Resound Group, Freedom Scientific, Inc., Drive Medical Design And Manufacturing, Blue Chip Medical Products, Inc., Ai Squared, Bausch and Lomb, Inc., Sonova Holding AG, Permobil AB, Wintriss Engineering Corporation and others.The global elderly and disabled assistive devices market share is analyzed on the basis of product, end user and geography.
Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.Request sample copy of this report at:- https://www.nextmsc.com/Elderly-Disabled-Assistive-Devices-Market/request-sample North America is expected to hold the major market share over the forecast period due to the increased adoption of elderly and assistive devices over the forecast period.
Asia Pacific is expected to develop significantly over the forecast period with substantial growth in market share attribute by various factors such as changing lifestyle, developing healthcare facilities, increase in research and development activities are further expected to augment the growth of elderly and disabled assistive devices market in the near future.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.
Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade.
KD Market Insights added a title on “Global Wheelchair and Components Market – 2019-2025” to its collection of market research reports.
The research report study on the global Wheelchair and Components market outlines the analysis of all the inclusive segments, along with the market size, Y-O-Y growth analysis & structure of the overall industry.
The study also includes the analysis of prominent players and also covers the new market players, including all the information suitable for the clients to make strategic business decisions in the industry.The market research report on global Wheelchair and Components market includes the section of market dynamics which is divided into market growth factors, trends, opportunities, and barriers that defines the current behaviour & future status of the market.
Along with this, the research report also covers the facts & figures related to the macroeconomic trends that are expected to impact the growth of the market.The report covers PESTLE analysis and porter’s five forces analysis which demonstrates the five forces including buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the global Wheelchair and Components market.
In the study, the framework of porter's five forces analysis explains the method for analysing the competition of the business covering the industry structure & the level of competition in the market.Access Sample Report of “Wheelchair and Components Market” – https://www.kdmarketinsights.com/sample/3318Insights Covered in the Market Research Report on Global Wheelchair and Components MarketAnalysis of the global market and its assessments regarding the market growth at each level are included.The impact analysis of coronavirus disease on the global Wheelchair and ComponentsDetailed information about each region & countries, in order to identify the issues caused by the COVID-19 disease on the industry.Market forecast & Y-o-Y growth rate estimation of different segments and sub-segments of the marketSection of market dynamics including leading growth factors, challenges, industry trends and opportunities in the marketAnalyze the strategies of major & prominent players which will help the clients to make better understanding of the marketComprehensive analysis of government policies & funding on new growth avenues in order to tackle the market barriers & threats Browse Full Report of “Wheelchair and Components Market” – https://www.kdmarketinsights.com/product/3318/wheelchair-and-components-marketMarket Segmentation:By Technology - Continuous Fiber Composites - Discontinuous Fiber Composites - MetalsBy Components - Hard Rims and Wheel Rims - Frames - Other ComponentsBy Application - Manual Wheelchair - Powered Wheelchair - OthersBy Geography- North America (U.S. & Canada)- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)- Latin America (Brazil, Mexico and Rest of Latin America)- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa)Timeline Considered for Analysis: - 2019: Base Year- 2020: Estimated Year- 2020 to 2025: Forecast PeriodCompetitive Landscape:The report profiles various major & prominent key market players in the global Wheelchair and Components market including:The report profiles various major market players such as;- Invacare Corp - Ottobock Healthcare GmbH - Permobil AB - Pride Mobility - Products Corp. - Handicare - Sunrise Medical - Panthera - 21st Century Scientific, Inc. - Meyra Wilhelm Meyer GmbH & Co. KG - Others Major and Niche PlayersEnquire Before Buying – https://www.kdmarketinsights.com/enquiry/3318About Us:KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services.
These reports are created to help in making smart, instant, and crucial decisions based on extensive and in-depth quantitative information, supported by extensive analysis and industry insights.Our dedicated in-house team ensures the reports satisfy the requirement of the client.
Electric Wheelchair Market Report published by value market research, it provides a comprehensive market analysis which includes market size, share, value, growth, trends during forecast period 2019-2025 along with strategic development of the key player with their market share.
Further, the market has been bifurcated into sub-segments with regional and country market with in-depth analysis.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the electric wheelchair market include Drive Medical Ltd., GF Health Products, Inc., Invacare Corporation, Karman Healthcare, LEVO AG, MEYRA GmbH, OttoBock Healthcare GmbH, Permobil AB, Pride Mobility Products Corp., and Sunrise Medical Limited among others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Electric Wheelchair Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/electric-wheelchair-market/download-sampleMarket DynamicsThe rising demand for electric wheelchairs owing to user-friendly and more comfortable over manual wheelchair is driving the market growth.
Rise in per capital income followed by growing customer awareness regarding the electrically powered is further contributing the market growth.
In spite of this, high cost associated with the product is expected to hamper the market growthThis detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
The newly added Electric Wheelchair Market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027.
Further, this report also highlights smart strategy adopted by major players and also their market share.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the electric wheelchair market include Drive Medical Ltd., GF Health Products, Inc., Invacare Corporation, Karman Healthcare, LEVO AG, MEYRA GmbH, OttoBock Healthcare GmbH, Permobil AB, Pride Mobility Products Corp., and Sunrise Medical Limited among others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Electric Wheelchair Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/electric-wheelchair-market/download-sampleMarket DynamicsThe rising demand for electric wheelchairs owing to user-friendly and more comfortable over manual wheelchair is driving the market growth.
In spite of this, high cost associated with the product is expected to hamper the market growthThis detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
