Wheelchairs Market 2018 | Industry Analysis by Top Players Invacare Corporation, Sunrise Medical LLC, Ottobock Healthcare, 21st Century Scientific, Inc., Permobil AB, Pride Mobility Products Corporation

Wheelchair is used for mobility purpose by the disabled person or a person who is unable to walk post injury or certain illness. Wheelchairs are available in two types, which are manual wheelchair and power or electric wheelchair. They can be used for outdoor as well as indoor purpose. New development and innovation, such as sports wheelchair, stair climbing wheelchair, and smart wheelchair is expected to grow wheelchairs market in the near future. Customized form of wheelchairs designed for daily use or for certain field activity are also available. Wheelchairs minimize the problems or pain of the user such as back pain, sores, digestion, and respiration. The manual wheelchair is mostly used by the patient who has upper body strength and electric wheelchairs are used by patients who feel fatigue easily. Solar powered with a retractable roof wheelchairs are also available where solar panels are embedded on the top instead of batteries.

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The growth in aging population and disabilities contribute the major market share for the wheelchairs market in the near future.

The global Wheelchair market was valued at US$ 4,390.4 million in 2016 and is expected to witness a robust CAGR of 15% during the forecast period (2017-2025).

Rise in aging population is expected to favor the growth of wheelchair market

North America accounts for the largest share in the global wheelchair market, followed by Europe and Asia Pacific. Mostly wheelchairs are used by elder people who are near to the age of 60’s and above. As per Population Reference Bureau 2016 report, in the U.S. around 46 million people of age 60 and above are estimated to use wheel chair, the number is expected to reach around 98 million by 2060 supporting the share of North America for the wheelchairs market. Asia Pacific region is expected to show growth in wheel chair market, owing to increasing population in economies like China and India. Major investments in healthcare fuels the growth of wheelchairs market in this region. The wheelchairs market is expected to show high growth rate in Asia-Pacific region over the forecast period as Asia consist of 60% of the world’s current population.

Market Dynamics

The wheelchair market growth is expected to gain traction in the near future, as a result of rise in geriatric population and lower limb amputation cases due to various impairment such as diabetes and vascular diseases at constant rate. According to Centers of Disease Control and Prevention 2014 report (CDC), in the U.S., around 30.0 million people were diagnosed with diabetes and around 8.0 million people are living with undiagnosed diabetes.

Additionally, according to European Journal Aerzteblatt-international.de 2017 report, there were around 100,000 lower limb amputation caused by trauma, intoxication, musculoskeletal disease, diseases of the skin, and subcutaneous tissue or neoplasia that leads to the disability, which in turn is also expected to favor the wheelchair market in the near future.

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Market Taxonomy

The report segments the global wheelchairs market on basis of product type, weight, modality end-user, and geography. On the basis of product type, the wheelchair market is categorized into manual wheelchairs and electronic wheelchair, where manual wheelchairs are sub-categorized into active wheelchairs, transport wheelchairs, and others. Whereas, electronic wheelchairs are sub-categorized into center wheel drive electric wheelchair, front wheel drive electric wheelchair, standing electric wheelchair, and rear wheel drive electric wheelchairs. Electronic wheelchair segment dominates the wheelchair market throughout the forecast period. On the basis of weight, the wheelchair market is divided into two segment, which are light weight and heavy weight wheelchairs. Furthermore, market is segmented on basis of modality that include pediatric powered wheelchairs and adult powered wheelchairs. On basis of end-user, the wheelchair market is segmented into hospitals, clinics, ambulatory surgical centers, home care settings, and others. The last segment of wheelchairs market is on the basis of geography, which is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among all regions, North America contributes major market share supported by increased incidence rate of disabilities.
Key players operating the Wheelchair market includes Invacare Corporation, Sunrise Medical LLC, Ottobock Healthcare, 21st Century Scientific, Inc., Permobil AB, Pride Mobility Products Corporation, LEVO AG, GF Health Products, Inc., MEYRA GmbH, Hoveround Corporation, Aquila Corporation, Aspen Seating, Drive Medical, Eagle Sportschairs LLC., EASE Seating System, and Medical Depot Incorporation.

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