Electric Wheelchair Market 2023 : Trends, Business Growth And Major Driving Factors | Invacare Corporation, Sunrise Medical Limited, Pride Mobility Products Corp, Permobil AB, Ottobock SE & Co. KGaA

As per The Business Research Company's Electric Wheelchair Opportunities And Strategies Market Report 2023, The electric wheelchair market reached a value of nearly $3,663.2 million in 2021, having grown at a compound annual growth rate (CAGR) of 12.6% since 2016. The market is expected to grow from $3,663.2 million in 2021 to $6,756.3 million in 2026 at a rate of 13.0%. The market is then expected to grow at a CAGR of 8.3% from 2026 and reach $10,070.3 million in 2031.

During the forecast period, the increasing demand for electric mobility devices will help the market to grow. Electric mobility products, aimed at seniors/elderly or disabled users, provide freedom by extending a person's travel range.

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The smart wheelchair is a key trend gaining traction in the electric wheelchair market. The term smart wheelchair refers to a power wheelchair (PWC) that tracks user behaviour and interactions with their surroundings. A driver's ability to control the vehicle and safely traverse its environment is assessed using sensors and/or cameras that are strategically placed to provide feedback. This trend will increase the growth of the market for launching new smart wheelchairs.

The top opportunities in the electric wheelchair market segmented by product type will arise in the center wheel drive electric wheelchair segment, which will gain $1,141.6 million of global annual sales by 2026. The top opportunities in the electric wheelchair market segmented by category will arise in the adults segment, which will gain $2,520.6 million of global annual sales by 2026. The top opportunities in the electric wheelchair market segmented by application will arise in the homecare segment, which will gain $1,234.7 million of global annual sales by 2026. The electric wheelchair market size will gain the most in USA at $1,055.2 million.

Electric Wheelchair Market Segmentation:
The electric wheelchair market is segmented by product type, by category, by application

By Product Type
a) Center Wheel Drive Electric Wheelchair
b) Front Wheel Drive Electric Wheelchair
c) Rear Wheel Drive Electric Wheelchair
d) Standing Electric Wheelchair
e) Other Products

By Category
a) Adults
b) Pediatric

By Application
a) Homecare
b) Hospitals
c) Ambulatory Surgical Centers
d) Rehabilitation Centers
e) Other Applications

Major players in the Electric Wheelchair market include Invacare Corporation, Sunrise Medical Limited, Pride Mobility Products Corp, Permobil AB, Ottobock SE & Co. KGaA

The regions covered in the global Electric Wheelchair market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Electric Wheelchair Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Electric Wheelchair Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Electric Wheelchair Market, Conclusions And Recommendations
22. Appendix

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