Press release
Powered Wheelchair Market Anticipated to Grow at an Impressive Rate during the Period
Powered Wheelchair Market
Powered wheelchairs are complex equipment designed to propel via an electrical motor. They are also known as motorized wheelchair, electric wheelchair, or electric-powered wheelchair, and are used by people unable to use manual wheelchairs and disable person with conditions such as tetraplegia, impairment, cardiovascular diseases, and others. Some of the powered wheelchairs are featured with the multiple functionalities such as operating smart appliances in house, automatic folding of wheelchair, chair climbing facility, car transfer system, and others; that assist the people for their effective daily workflow.
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List of players profiled in the report
• Drive Medical Ltd.
• GF Health Products, Inc.
• Invacare Corporation.
• Karman Healthcare
• LEVO AG
• Medort S.A.
• OttoBock Healthcare GmbH
• Pride Mobility Products Corp
• Permobil AB
• Sunrise Medical Limited.
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Increase in diseases and disorders such as tetraplegia, impairment, spinal cord injuries, and others that causes inability to walk, majorly drives the Powered Wheelchair Market growth. In addition, rise in geriatric patients that are susceptible to walking disabilities, increase in obesity and cardiovascular diseases, and improvement in hospital facility for in-hospital patient treatment drive the powered wheelchair market.
In addition, growth in technological advancements, favorable reimbursement policies, and increase in investments in healthcare infrastructure by the government and private sector is anticipated to fuel the market growth in the developed and developing countries.
However, some wheelchairs are too large and heavy for certain wheelchair spaces and lifts that constrains the ability of the user to self-propel, which is anticipated to hinder the market growth. Ongoing, R&D on powered wheelchair is anticipated to create new opportunities during the forecast period.
Key Benefits
• The study provides an in-depth analysis of the market, with current trends and future estimations to elucidate investment pockets.
• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
• The report provides a quantitative analysis to help stakeholders capitalize on prevailing market opportunities from 20172023 in terms of value.
• Extensive analysis of different segments help understand various products of the market.
• Key players are profiled and their strategies thoroughly analyzed, which predict the competitive outlook of the market.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
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