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Electric Wheelchair Market CAGR to Grow at 17.1% | AMR

03-30-2020 08:17 AM CET | Health & Medicine

Press release from: Allied Market Research

Electric Wheelchair Market

Electric Wheelchair Market

Global Electric Wheelchairs Market size in 2015 was valued at $1,597 million growing at CAGR of 17.1% to reach $4,846 million by 2022. Electric wheelchairs market has witness increased adoption owing to factors such as ease of mobility, convenience, growing worldwide elderly population and growing demand for advanced wheelchairs from the sports industry, as many sports events are organized for disabled persons such as wheelchair basketball, wheelchair rugby, and others.

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An electric wheelchair, also known as power wheelchair is a wheelchair that is propelled by means of an electric motor rather than manual efforts. Electric wheelchairs are light in weight, generally less than 100 lbs and offer mobility in a light package. These electric wheelchair offers compact size, ideal for confined spaces or narrow doorways.

oSegment Overview

The global electric wheelchairs market is segmented based on product type into centre wheel, front wheel, rear wheel, standing wheel drives, and others. Front wheel and rear wheel drives, together accounted for about 26% of the total electric wheelchairs market in 2015, with the former constituting around 10%. Front wheel drive is expected to grow at a lucrative rate of 18.6% during the forecast period.

oTop Factors Impacting the Market

The factors affecting the global electric wheelchairs market include increase in spinal cord injuries, ageing population, enhancements in technological advancements, and rise in adoption of artificial intelligence. Such major factors have boosted the adoption of electrical wheelchairs among consumers.

oIncrease in Spinal Cord Injuries

The number of serious traumatic spinal cord injuries is on the rise in the United States, majorly due to accidents and falls. Senior citizens today are a lot more active than they used to be, pertaining to the fact that balance and cognitive issues may contribute to their increased risk for falls. According to a study conducted by various hospitals in U.S., the number of cases of acute spinal cord injury in the country increased from 2,659 in 1993, to 3,393 in 2012. This factor would contribute to the electric wheelchairs market growth.

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oInclination Towards Automation/Technological Advancements

Automation and automatic operation of wheelchairs are in excessive demand among customers in the developing nations. A busy lifestyle and sophistication in daily life activities are the two key factors leading to adoption of automated electric wheelchairs. An increase in the number of working professionals and elderly population has led to time constraints for providing assistance with manual wheelchairs, which has in turn increased the demand for power wheelchairs. In addition, electric wheelchairs offer both, the independence and the convenience of usage. Electric wheelchairs allows ease of control which help in instantaneous turns and path changing options. The impact of this factor is expected to increase during the forecast period.

The key players profiled in the report are Drive Medical Ltd., GF Health Products, Inc., Invacare Corporation., Karman Healthcare, LEVO AG, MEYRA GmbH, OttoBock Healthcare GmbH, Pride Mobility Products Corp, Permobil AB, and Sunrise Medical Limited.

Read More: https://www.alliedmarketresearch.com/electric-wheelchair-market

Similar Link : https://blog.alliedmarketresearch.com/reasons-why-manual-wheelchairs-are-often-preferred-over-electric-chairs-477

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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