Electric Wheelchair Market CAGR to Grow at 17.1% | AMR
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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.
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.
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