Press release
Electric Wheelchair Market 2023: Recent Industry Developments and Growth Strategies Adopted by Players, Forecast till 2031
The global electric wheelchair market is set to experience substantial growth in the coming years, driven by factors such as the increase in the geriatric population, rising disabilities, and the prevalence of chronic diseases. The market was valued at US$ 25.6 billion in 2022 and is projected to reach a value of US$ 41.6 billion by the end of 2031, with a Compound Annual Growth Rate (CAGR) of 5% from 2023 to 2031, according to the latest market outlook report.๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ณ๐ผ๐ฟ ๐ฎ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฎ๐ (๐จ๐๐ฒ ๐๐ผ๐ฟ๐ฝ๐ผ๐ฟ๐ฎ๐๐ฒ ๐ ๐ฎ๐ถ๐น ๐๐ฑ ๐ณ๐ผ๐ฟ ๐ค๐๐ถ๐ฐ๐ธ ๐ฅ๐ฒ๐๐ฝ๐ผ๐ป๐๐ฒ) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4198
The demand for electric wheelchairs is on the rise due to their ability to provide enhanced mobility and independence to individuals with limited mobility. Advanced control systems, such as joystick-operated navigation, are making these wheelchairs more user-friendly. Furthermore, technological advancements have led to the development of more comfortable and affordable electric wheelchairs with features like programmable control systems, seat elevation for improved accessibility, and even robotic technologies for navigation and obstacle avoidance.
The growing geriatric population worldwide is contributing significantly to the market's growth. With about 13% of the global population aged 65 and above, the need for mobility solutions like electric wheelchairs is higher than ever. Additionally, ongoing collaborations and partnerships between market players are driving innovation and expanding the product portfolio.
๐๐๐ ๐๐ต๐ถ๐ ๐ฃ๐ฟ๐ฒ๐บ๐ถ๐๐บ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ | ๐๐บ๐บ๐ฒ๐ฑ๐ถ๐ฎ๐๐ฒ ๐๐ฒ๐น๐ถ๐๐ฒ๐ฟ๐ ๐๐๐ฎ๐ถ๐น๐ฎ๐ฏ๐น๐ฒ ๐ฎ๐ -
https://www.transparencymarketresearch.com/checkout.php?rep_id=4198<ype=S
The global electric wheelchair market is characterized by the presence of numerous local and global players. Companies are focusing on product development, addressing consumer demand, and staying up-to-date with market trends. Some of the key players in the market include Invacare Corporation, Sunrise Medical (US) LLC, Permobil Inc., Pride Mobility Products Corporation, Drive Devilbiss Healthcare, and more.
๐ ๐ผ๐ฟ๐ฒ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐ฏ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต -
Eye Care Surgical Devices Market
https://www.globenewswire.com/news-release/2023/06/15/2689407/0/en/Eye-Care-Surgical-Devices-Market-Expected-to-Hit-US-10-7-Billion-by-2031-Growing-at-5-5-CAGR-TMR-Study.html
Adhesion Barriers Market
https://www.globenewswire.com/en/news-release/2023/06/16/2689804/0/en/Adhesion-Barriers-Market-to-reach-more-than-USD-2-0-billion-in-2031-expanding-at-a-CAGR-of-6-5-TMR-Report.html
๐๐ฏ๐ผ๐๐ ๐จ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐
Nikhil Sawlani
Transparency Market Research Inc.
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