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Emerging Trends in the Wheelchairs Market: Size, Share, and Growth by 2030

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shruti vispute
Emerging Trends in the Wheelchairs Market: Size, Share, and Growth by 2030

The global wheelchairs market is experiencing rapid growth, primarily driven by the rising rate of individuals with disabilities and the mushrooming geriatric population. The market has witnessed a surge in demand for wheelchairs due to an increase in medical emergencies caused by industrial accidents, natural calamities, fire breakouts, and outdoor accidents. As a result, healthcare facilities such as hospitals are witnessing higher wheelchair sales, contributing to the market's expansion worldwide.


For more information, please refer to the full report: https://www.fairfieldmarketresearch.com/report/wheelchairs-market


According to the World Health Organization's 2021 report, over 1 billion individuals suffer from some form of disability globally each year. The Free Wheelchair Mission (FWM) estimates that approximately 70 million individuals worldwide require the support of wheelchairs. In response to this, the FWM has been actively distributing over 1 million wheelchairs since 2001 and aims to double this count by 2025, significantly driving the growth of the wheelchairs market.


The market is further bolstered by increasing healthcare expenditure and the growing number of hospitals. NGOs, particularly in developing regions, are playing a vital role in promoting the use of wheelchairs by helping disabled individuals with limited mobility options. Collaborating with government authorities, these NGOs are striving to offer better healthcare assistance and increased scope of reimbursements for various mobility products, including wheelchairs, thereby boosting the market's penetration rate.


The growing geriatric population is also a significant factor contributing to the market's growth. Aged individuals are prone to different disabilities such as spinal cord injuries, muscle weakening, knee and joint problems, and other disabilities caused by accidents. This has led to increased healthcare expenditure on assisting devices like wheelchairs for the elderly. The Organization for Economic Cooperation and Development Health predicts a 14% growth in healthcare expenditure by the end of 2060.


Technological advancements are playing a vital role in the development of the wheelchairs market. Manufacturers are leveraging technologies like Artificial Intelligence (AI) to create advanced wheelchairs that offer improved comfort and convenience to users. Smart steering systems for wheelchairs using AI and sensors have already been introduced, providing an impetus to the growth of the market.


Among the types of wheelchairs, powered wheelchairs are expected to witness significant demand and surpass their manual counterparts due to their functional benefits and operational advantages. Powered wheelchairs require minimal effort to operate and control, and continuous technological advancements have further increased their demand and use.


North America is anticipated to dominate the global wheelchairs market, driven by rising government support, superior healthcare infrastructure, and the presence of major players and technology providers in the region. The region's growing healthcare expenditure and increasing geriatric population are also contributing factors.

The wheelchairs market is witnessing various growth strategies, including new product launches and acquisitions. Major players in the market include Invacare Corporation, GF Health Products Inc., Carex Health Brands, Pride Mobility Products Corp, Sunrise Medical Limited, Permobil AB, Ottobock, Panthera AB, Alber GmbH, Handicare International, and Medline.


In conclusion, the global wheelchairs market is experiencing substantial growth, driven by the increasing rate of individuals with disabilities, the burgeoning geriatric population, and technological advancements in the field. With a rising demand for advanced mobility solutions, the market is expected to witness further expansion in the coming years.

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