Wheelchair Market is Expected to Reach $6.1 Billion by 2022

IRVING, Texas, November 14, 2017 (Newswire.com) - ​According to a new market report published by Lucintel, the future of the global wheelchair market looks promising with opportunities in homecare and institutions. The global wheelchair market is expected to reach an estimated $6.1 billion by 2022 and is forecast to grow at a CAGR of 5.9% from 2017 to 2022. The major drivers for the growth of this market are growing elderly population, rising spinal cord injuries, and necessity of wheelchair for physically disabled people.

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53 Market Data Tables

86 Figures

145 Pages and in-depth TOC on "Global Wheelchair Market" http://www.lucintel.com/global-wheelchair-market-2017.aspx

In this market, manual wheelchairs and power wheelchairs are used by physically disabled persons who are unable to walk by themselves. On the basis of comprehensive research, Lucintel forecasts that the power wheelchair product type is expected to witness significant growth during the forecast period.

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Within the global wheelchair market, manual wheelchair is the largest segment by product type during the trend period.

North America is expected to remain the largest region due to increasing obesity, availability of more sophisticated wheelchairs, and a high disposable income.   

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APAC is expected to witness the highest growth rate over the forecast period due to a rising disabled population along with increasing consumer awareness and development of medical facilities.

Emerging trends, which have a direct impact on the dynamics of the industry, include improved wheelchair efficiency to provide more comfort and convenience, increase adoption of power assistance device, and increase adoption of hybrid concept in wheelchair. Invacare Corporation, Pride Mobility Products Corporation, Sunrise Medical Limited, OttoBock Healthcare GmbH, and Permobil AB. are among the major suppliers of wheelchair market.

The study includes a forecast for the global wheelchair market by product, category, design and function, end user, and region, as follows:

By Product Type [Volume (Thousand Units) and Value ($ Million) from 2011 to 2022]:

·         Manual wheelchair

·         Power wheelchair

·         Front wheel drive

·         Central Wheel drive

·         Rear wheel drive

·         Standing electric wheelchair

·         Others

By Category [Value ($ Million) from 2011 to 2022]:

·         Adult wheelchair

·         Pediatric wheelchair

By Design and Function [Value ($ Million) from 2011 to 2022]:

·         Basic Wheelchair

·         Sports Wheelchairs

·         Bariatric Wheelchairs

·         Standing Wheelchair

·         Others

By End user [Value ($ Million) from 2011 to 2022]:

·         Homecare

·         Institution and others

By Region [Value ($ Million) from 2011 to 2022]:

·       North America

−      US

−      Mexico

−      Canada

·       Europe

−      United Kingdom

−      Germany

−      France

−      Italy

·       APAC

−      China

−      Japan

−      India

·       ROW

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This 145-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or    helpdesk@lucintel.com

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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com

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This report addresses the following key questions:

Q.1 What are some of the most promising, growth opportunities for global wheelchair market by product (manual wheelchair and power wheelchair), category (adult wheelchair and pediatric wheelchair), design and function (basic wheelchair, sports wheelchair, bariatric wheelchair, standing wheelchair, and others), end user (homecare and institution and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which region will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?

Q.5 What are the business risks and competitive threats in this market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are some of the changing demands of customers in the market?

Q.8 What are the new developments in the market and which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?

Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?

Q. 11 What M & A activity has occurred in the last 5 years?

Source: Lucintel