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Huge Growth Expected in Wheelchair Market in Future
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As per the World Population Ageing 2019 report published by the United Nations (UN), there were 703 million people in the age bracket- 65 years and above- in 2019 and this number will rise to 997.4 million by 2030. Furthermore, the growing incidence of chronic diseases among older individuals is propelling the occurrence of disabilities, thereby driving the demand for wheelchairs. Depending on type, the market is divided into powered and manual categories.
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Across the globe, North America led the wheelchair market in 2020. This is ascribed to the increasing sales of wheelchairs, on account of the surging number of mobility defects and injuries, growing incidence of obesity, and soaring population of geriatric people in the region. Furthermore, the existence of several leading wheelchair manufacturing companies in the region has resulted in the availability of a diverse range of products, thereby contributing to the expansion of the market in both Canada and the U.S.
Hence, it can be safely said that the market will grow rapidly in the coming years, mainly because of the rising incidence of chronic diseases, surging geriatric population, and increasing cases of disability all over the world.
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