Wheelchairs Market to Gain Value of US$ 7.3 Billion by 2031, Notes Analysis by TMR

The latest research study released by Transparency Market Research on "𝐖𝐡𝐞𝐞𝐥𝐜𝐡𝐚𝐢𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟐-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Wheelchairs industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.

Wheelchairs market is estimated to attain a valuation of US$ 7.3 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 6.3% during the forecast period, 2022-2031

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=60672

Increase in geriatric population, surge in disabled population, growth in awareness & adoption of advanced wheelchairs, improvement in healthcare infrastructure, and favorable reimbursement policies are expected to drive the global wheelchairs market during the forecast period.

Development of self-driving wheelchairs has benefited people with mobility challenges. Demand for this type of wheelchair is high in old-age homes. Self-driving wheelchair is likely to offer significant opportunities to several companies investing in this new technology.

New developments and innovations, such as sports wheelchair, stair climbing wheelchair, and smart wheelchair, are expected to drive the global wheelchairs industry size in the near future.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=60672

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐆𝐞𝐫𝐢𝐚𝐭𝐫𝐢𝐜 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭

According to the United Nations, the geriatric population of 60+ years is expected to double by 2050 and triple by 2100. It is projected to rise from 962 million in 2017 to 2.1 billion in 2050 and 3.1 billion by 2100.

Globally, the geriatric population is increasing at a faster pace than the young population. Global geriatric population stood at 962 million in 2017, or 13% of the global population, and is growing at a rate of about 3% every year. Furthermore, the number of persons aged 80 years or above is estimated to be triple by 2050, from 137 million in 2017 to 425 million by 2050. Currently, Europe has a significantly large geriatric population.

Aging is associated with decline in support for long-term care by families and highly expensive formal long-term care services. These structural changes in society are likely to lead to a rise in demand for mobility aid devices such as powered wheel chair, thus augmenting the powered wheelchair market and foldable powered wheelchair market.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐨𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Invacare Corporation, Numotion, Sunrise Medical LLC, Ottobock, Permobil, Pride Mobility Products Corp, Drive Medical, GF Health Products, Inc., 21st Century Scientific, Inc., Karman Healthcare, and Hoveround

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 -

𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Manual
Powered
Function
Standard
Bariatric
Sports
Others

𝐄𝐧𝐝-𝐮𝐬𝐞𝐫

Institutional Use
Personal Use

𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲? 𝐀𝐬𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=60672

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

In January 2022, Invacare Corporation announced the introduction of a new, narrower version of the Invacare AVIVA STORM RX rear wheel drive power wheelchair

In February 2020, Numotion, a provider of complex rehab technology (CRT) services, acquired Monroe Wheelchair, a company providing medical and complex rehab technology equipment services, in order to extend its reach

𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐥𝐞𝐭𝐬 𝐲𝐨𝐮 𝐢𝐝𝐞𝐧𝐭𝐢𝐟𝐲 𝐭𝐡𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐖𝐡𝐞𝐞𝐥𝐜𝐡𝐚𝐢𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐦𝐞𝐚𝐧𝐬 𝐨𝐟 𝐚 𝐫𝐞𝐠𝐢𝐨𝐧:

North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

𝐅𝐨𝐫𝐤𝐥𝐢𝐟𝐭 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2022/09/14/2516276/0/en/Forklift-Battery-Market-to-Reach-US-43-1-Bn-by-2031-TMR-Study.html

𝐍𝐨𝐧-𝐜𝐨𝐦𝐛𝐮𝐬𝐭𝐢𝐛𝐥𝐞 𝐂𝐥𝐚𝐝𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2022/09/15/2516906/0/en/Non-combustible-Cladding-Market-to-Reach-Value-of-US-264-8-Bn-by-2031-States-TMR-Study.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani

Transparency Market Research Inc.

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