Wheelchair and Components Market See Incredible Growth 2021-2028 | Invacare Corp., Ottobock, Permobil AB, Pride Mobility Products Corp.

Utilization of wheelchair helps to diminish back pains and sore. The demand for manual wheelchairs is high for disabled or injured patients with high upper body strength. The demand for solar powered and electric controlled wheelchairs has expanded in the recent past.

The Continuous Fiber Composites segment of the global wheelchair and components market was worth US$ 2,090.9 million in 2019 and is projected to grow at a CAGR of 4.1 percent to US$ 2,928.6 million by 2027.

Drivers:

Expanding geriatric population is expected to help in development of the worldwide wheelchair and components market over the forecast period. For example, as indicated by the World Health Organization, geriatric population is expected to arrive at 2 billion by 2050, up from 900 million out of 2015.

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Opportunities:

Growing interest for ultra –lightweight and lightweight wheelchairs is expected to offer rewarding development openings for major parts in the worldwide wheelchair and components market. Utilization of lightweight wheelchairs can extend the scope of terrains and distance. Besides, such wheelchairs offer security from the strains of standard wheelchair use.

Restraints:

Absence of infrastructure and awareness, particularly in developing economies, like non-availability of ramps in trains & buses, broken pathways for wheelchair clients is required to hamper development of the worldwide wheelchair and components market.

Key Takeaways:

The Wheel Rims and Hands Rims section stood firm on predominant position in the worldwide wheelchair and components market in 2019, representing 36.1% offer regarding esteem, trailed by outlines portion individually. Expanding interest for lightweight and super lightweight wheelchairs is relied upon to drive the segment development during the forecasted period.

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Market Trends:

The utilization of carbon fiber material in the production of wheelchairs is expanding as of now. This is inferable from a few benefits offer via carbon fiber material, for example, greater adaptability contrasted with both steel and aluminum and high shock resistance.

Market players are offering new items with adjustable features. For example, Permobil offers the TiLite Pilot, a manual wheelchair for kids with adjustable features.

Key Developments:

In February 2019, Tranzit Go Foldable Power Wheelchair, a lightweight and practical everyday power wheelchair, was introduced by Karman Healthcare.

In August 2018, Magic Mobility, a designer and manufacturer of all-terrain power wheelchairs, was purchased by Sunrise Medical.

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