Power Assist Wheelchair Market 2020- Global Industry Analysis by Growth, Outlook, Supply, Share, Growth and Report Forecast till 2026

The global "power assist wheelchair" market is set to gain impetus from the increasing geriatric population. As per a report by the National Institutes of Health, in 2016, around 617 million people worldwide were aged between 65 years and above. However, it is expected to jump up to 1.6 billion by 2050. Additionally, these types of wheelchairs are used by the disabled populaces and those with lower muscle strength on account of grave injuries or chronic illnesses. Nowadays, they are equipped with several unique features, such as adjustable seats with soft pads, unlike manual wheelchairs. It would increase sales and affect the market positively.

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Highlights of the Power Assist Wheelchair Market Report Include:

o Microscopic study of the various factors driving and restraining the market
o Careful classification and research of the market segments
o Accurate computation of market figures
o Comprehensive analysis of the regional dynamics and competitive landscape

Key Players Operating in The Power Assist Wheelchair Market Include:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

o Amylior Inc.
o Pride Mobility Products Corp.
o Sunrise Medical (US) LLC
o Magic Mobility Pty Ltd.
o Karma Medical Products Co., LTD.
o MERITS CO. LTD.
o 21st Century SCIENTIFIC Inc.
o Heartway Medical Products Co., Ltd.
o Permobil AB
o Invacare Corporation
o CTM Chien TI Enterprise Co. Ltd.
o Comfort Wheelchair
o Electric Mobility Euro Ltd.
o Other key market players

Rising Healthcare Expenditure to Favor Growth in Asia Pacific

In terms of region, the market is grouped into the Middle East and Africa, North America, Europe, Asia Pacific, and Latin America. Amongst these regions, North America is set to lead by acquiring the highest power assist wheelchair market revenue during the forthcoming period. This growth is attributable to the increasing adoption of these wheelchairs in the U.S. Also, rising cases of disabilities in this region would augment growth.
Europe would follow the footsteps of North America and stand in the second position in the coming years.

Increasing Cases of Accidents & Trauma to Augment Growth
The incidence of disabilities owing to numerous chronic diseases, such as strokes and diabetes, has upsurged across the globe. Coupled with this, the rising aging population and increasing cases of trauma and accidents would accelerate the power assist wheelchairs market growth during the forthcoming period. The U.S. Census Bureau stated that in the year 2015, almost 40 million people were living with some form of disability in the U.S. It would also contribute to the growth of the market.

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Power Assist Wheelchair Market Segmentation:

By Type
o Indoor Power Wheelchair
o Outdoor Power Wheelchair
o All Terrain Wheelchair
By Propulsion
o Front-wheel Drive
o Rear-wheel Drive
o Others
By Patient Type
o Adults
o Paediatric
By End User
o Hospitals & Clinics
o Homecare Settings
o Others
By Geography
o North America (USA, Canada)
o Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
o Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
o Latin America (Brazil, Mexico, Rest of Latin America)
o Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

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This Report Answers the Following Questions:

o What are the Power Assist Wheelchair Market trends and growth drivers?
o How many segments does the market contain?
o What are the opportunities and challenges that the market may face?
o How are the key players keeping up with the changing consumer behavior?
o What are the latest industry developments?

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