Press release
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheelchairs to Boost Growth
Wheelchair and Components Market 2023-2033
The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing.
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The global wheelchair and components market has witnessed significant growth in recent years, driven by increasing awareness about mobility solutions, advancements in wheelchair technologies, and the growing aging population. Wheelchairs and their components play a crucial role in improving the quality of life and providing mobility assistance to individuals with disabilities or limited mobility. This research report provides an in-depth analysis of the global wheelchair and components market, including market trends, drivers, challenges, and future prospects.
The wheelchair and components market comprises a wide range of products, including manual wheelchairs, electric wheelchairs, mobility scooters, wheelchair accessories, and components such as frames, wheels, batteries, and control systems. The market is driven by factors such as increasing prevalence of disabilities, rising geriatric population, advancements in wheelchair technologies, and supportive government initiatives promoting accessibility and inclusivity.
Competitive Landscape
The global wheelchair and components market is highly competitive, with several key players dominating the market. The market is characterized by intense competition, product innovations, strategic collaborations, and mergers and acquisitions. Key players in the market include:
• Invacare Corporation,
• Sunrise Medical Inc.,
• Permobil AB
• Ottobock Healthcare GmbH
• 21st Century Scientific Inc.
• Meyra Wilhelm Meyer GmbH & Co. KG
• Pride Mobility Products Corp.
• Hoveround Corp.
• Panthera AB
• Tetra Equipment
• Custom Engineered Wheels and more
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Recent Developments
here are some recent developments of companies in the wheelchair and components market:
• Invacare Corporation launched the Invacare™ Cloud, a cloud-based platform that allows users to track their wheelchair usage and maintenance. (2022)
• Ottobock Healthcare introduced the Ottobock® MyoPlus Gen2, a powered wheelchair that is controlled by the user's arm muscles. (2022)
• Sunrise Medical launched the Sunrise Medical® Quickie® Nitrum, an ultra-lightweight wheelchair that is designed for people with active lifestyles. (2021)
• Permobil AB introduced the Permobil® F3, a powered wheelchair that is designed for people with high mobility needs. (2021)
Market Segmentation
By Product Type
• Manual Wheelchairs
• Electric Wheelchairs
• Mobility Scooters
• Wheelchair Accessories
By End-User
• Hospitals and Clinics
• Homecare Settings
• Rehabilitation Centers
• Others
Regional Analysis
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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Recommendations
The following recommendations are made for the global wheelchair and components market:
• Manufacturers should focus on developing innovative wheelchairs and components that meet the specific needs of different end-users.
• Vendors should focus on expanding their product portfolio and geographic presence in order to gain a competitive edge in the market.
• Governments should provide incentives for the adoption of wheelchairs and components in order to boost the market growth.
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