Manual Wheelchair Market to Register 5.8% CAGR During 2018 to 2025

The global manual wheelchair market is projected to reach $4,099.1 million by 2025, registering a CAGR of 5.8% from 2018 to 2025. Manual wheelchair is a manually operated wheeled mobility device. It is specifically designed for use by individuals with mobility, lower extremity, and spinal cord disabilities. Increase in diseases and disorders, such as tetraplegia, impairment, spinal cord injuries, and others, that causes inability to walk, majorly drives the 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 manual wheelchair market.

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Manual wheelchair is used by individuals with physical impairment or locomotor disability. It helps the user to move from one place to another without assistance. It is durable, adjustable, and features special customizations such as detachable arms, fixed or adjustable height, and full length or desk length arm for orthopedic patients. Low cost and available options for customization encourages the customer to buy manual wheelchair as compared to other mobility devices. Increase in diseases and disorders such as tetraplegia, impairment, spinal cord injuries, and others, which hamper the ability to walk, majorly drives the 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 manual wheelchair market. In addition, growth in technological advancements, favorable reimbursement policies, and increment in investments in medicinal services by the government and private sector is projected to fuel the market development in the developed and developing countries.

North America and Europe, together accounted for about 63.4% of the total global manual wheelchair market in 2018, with the former constituting around 33.4%. From a growth perspective, Asia-Pacific and LAMEA are the two potential markets, expected to witness growth during the forecast period. At present, these two segments account for 36.6% of the manual wheelchair market share.

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The global manual wheelchair market is segmented based on category, design & function, end user, and region. Based on category, it is bifurcated into adult and pediatric. Based on design & function, it is classified into basic wheelchair, sports wheelchairs, bariatric wheelchairs, standing wheelchair and others. Based on end user, the market is classified into homecare, institution, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the key players analyzed in the manual wheelchair industry are Etac AB, Gf Health Products, Inc., Invacare Corporation, Karma Medical Products Co., Ltd., Medical Depot, Inc. (Drive DeVilbiss Healthcare), Medline Industries, Inc., Meyra Group, NOVA Medical Products, Panthera AB, and Sunrise Medical (US) LLC.

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Source: https://globenewswire.com/news-release/2019/04/23/1807994/0/en/Global-Manual-Wheelchair-Market-to-Garner-4-10-Billion-by-2025-at-5-8-CAGR-Says-Analyst-of-AMR.html

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