Press release
Electric Wheelchairs Market Future Industry Outlook with Manufacturers(2022-2028) | Golden Technologies, Drive Medical, Invacare Corp, Hoveround Corp
The "Electric Wheelchairs Market" report describes in detail the demand and consumption of various products related to the market growth dynamics during the forecast period of 2022-2028. A detailed market assessment of the various opportunities in the market segment is expressed in terms of quantity. These are discussed in many sections, including constraints, challenges and opportunities, regional breakdown, and opportunity assessment. This global Electric Wheelchairs Market report guarantees rich data on various market opportunities. The research report covers key gaming enthusiasts within the industry, CAGR value, market drivers, restraints, and international competitive strategies from the region. The report includes strong research from expert analysts.The global Electric Wheelchairs Market is expected to grow with a CAGR greater than 6.6% during the forecast period of 2022-2028.
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Market Overview:
The global wheelchair market size was valued at USD 6,177.5 million in 2021.
The market has witnessed a decline in 2020 during the COVID-19 pandemic due to the disrupted supply chain and operations in different regions. The rising geriatric population and the increasing number of spinal cord injuries which needs mobility assistance are some of the major factors driving the market growth. According to the National Spinal Cord Injury Statistical Center, around 17,730 new spinal cord injuries occur in the U.S. every year, with vehicular crashes being the leading cause of injury. Thus, the U.S. stands as a key market for the wheelchair. The COVID-19 pandemic had significantly affected the transport and mobility sector. It had disrupted the supply channel of the wheelchair to a great extent.
Wheelchair operations were halted across several countries owing to strict lockdowns being implemented. Hospitals have witnessed consistent demand owing to a spike in the number of elderly populations getting admitted due to the COVID-19 infection. With the revised COVID-19 restrictions, companies are expected to resume operations. The demand for wheelchairs is expected to increase on account of the prevalence of chronic disease, rising geriatric population, and increased risk of lifestyle-associated disorders among a wide population due to the rising incidences of obesity and sedentary lifestyle.
The major companies operating in the global Electric Wheelchairs Market outlined in the report are:
Golden Technologies,Drive Medical,Invacare Corp,Hoveround Corp,Heartway,21st Century SCIENTIFIC Inc.,Pride Mobility Products Corp,EZ Lite Cruiser,Merits Health Products,Dane
Recent Development:
Invacare has acquired 6 companies. A total of 1 acquisition came from private equity firms. It has also divested 6 assets. Invacare's largest acquisition to date was in 1997 when it acquired Suburban Ostomy Supply Co for $135M. Its largest disclosed sale occurred in 2013 when it sold Invacare Supply Group to AssuraMed for $151M. Invacare has acquired in 3 different US states, and 4 countries. The Company's most targeted sectors include medical products (100%).
Electric Wheelchairs Market Segments:
Market Segmentation: By Type
Electric Wheelchairs
Mobility Scooters
Market Segmentation: By Application
Hospital
Home
Regions Are covered by Global Electric Wheelchairs Market
For a comprehensive understanding of market dynamics, the Global Electric Wheelchairs Market is analyzed across key geographies namely:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, and Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
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The study objectives of this report are:
- To study and analyze the Global Electric Wheelchairs market size (value and volume) by the company, key regions/countries, products and applications, history data from 2016 to 2021, and forecast to 2028.
- To understand the structure of Electric Wheelchairs by identifying its various sub-segments.
- To share detailed information about the key factors manipulating the growth of the market (growth potential, opportunities, drivers, industry-specific challenges, and risks).
- To analyze the report with respect to individual growth trends, future prospects, and their contribution to the total market.
- To analyze modest developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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Scope of The Electric Wheelchairs Market Report:
- The report analyses Electric Wheelchairs by Type Segment.
- The report assesses the Electric Wheelchairs by End User.
- The Global Electric Wheelchairs has been analyzed by Region.
- The key insights of the report have been presented through the frameworks of SWOT and Market Attractiveness charts.
- The attractiveness of the market has been presented by Region, Type and by End User. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
- The report provides a detailed pipeline analysis developed to cure the problem of Electric Wheelchairs.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development.
-To take advantage of business owners, tap hard at Electric Wheelchairs research to get a thorough understanding of current momentum.
- The report presents the analysis of Electric Wheelchairs for the historical period of 2016-2021 and the forecast period of 2022-2028.
Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
Customizable: The Global Electric Wheelchairs Market
The Global Electric Wheelchairs Market report may be modified to meet your specific business needs. Because we understand our client's needs, we offer 25% customization to any of our reports without adding additional value to all of our clients.
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