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Wheelchair Market worth $9.93 billion by 2030, growing at a CAGR of 9.06% - Exclusive Report by 360iResearch
Wheelchair Market | 360iResearch
The Global Wheelchair Market to grow from USD 5.41 billion in 2023 to USD 9.93 billion by 2030, at a CAGR of 9.06%.
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A wheelchair is a special mobility device designed to assess individuals with impaired mobility from physical, neurological, or health-related conditions. It is a chair fitted with wheels, which can be propelled by manual means or via various automated systems. The global wheelchair market is currently growing significantly, primarily driven by the escalating geriatric population and rising instances of physical disabilities. Crucial factors energizing the growing adoption of wheelchairs are the increasing occurrence of accidents, resulting in temporary or long-term mobility disorders, and the rising need for mobility aids. However, the lack of robust insurance coverage strains and stringent regulatory norms surrounding wheelchair manufacturing may limit the global expansion of wheelchair manufacturers. Despite the challenges, the integration of technological advancements, including robotics, artificial intelligence (AI), and the internet of things (IoT) in the medical sector, have been presenting stronger future prospects for the global wheelchair market.
The Americas have observed a high adoption of wheelchairs owing to rising incidences of physical disabilities, advancements in technology, and favorable reimbursement policies for medical devices and equipment. The presence of significant manufacturers and higher purchasing power also contribute to the market growth in the region. The governments in the EMEA region continuously support the adoption of wheelchairs to improve patients' lives. Europe contributes majorly to this growing adoption of wheelchairs, supported by high healthcare expenditure and increased focus on improving the quality of life for people with disabilities. The APAC region is expected to witness a surging need for wheelchairs owing to an increasing geriatric population susceptible to physical disabilities, growing awareness about mobility solutions, and escalating healthcare expenditure.
Market Segmentation & Coverage:
This research report categorizes the Wheelchair Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Manual, Power Assist Wheelchair, and Powered. The Manual is further studied across Active, Basic, Passive, Pediatric, and Standard Light-weight. The Power Assist Wheelchair is further studied across Front-mounted, Main-wheel, Power-assist for Operators, and Rear-mounted. The Powered is further studied across Basic, Complex, Foldable, Mid-range, and Pediatric. The Manual commanded largest market share of 42.95% in 2023, followed by Powered.
Based on Category, market is studied across Adults and Pediatric. The Adults commanded largest market share of 74.01% in 2023, followed by Pediatric.
Based on Class, market is studied across Class A, Class B, and Class C. The Class A commanded largest market share of 55.61% in 2023, followed by Class C.
Based on Application, market is studied across Ambulatory Surgical Centers, Homecare, Hospitals, and Rehabilitation Centers. The Hospitals commanded largest market share of 37.05% in 2023, followed by Rehabilitation Centers.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.27% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Wheelchair Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Wheelchair Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Wheelchair Market, highlighting leading vendors and their innovative profiles. These include 21st Century Scientific, Inc., Airchair, Amylior Inc., Arcatron Mobility Private Limited, Compass Health Brands, Dr Trust by Nureca Limited, Drive DeVilbiss Healthcare, GF Health Products, Inc, Golden Technologies, Guangdong Kaiyang Medical Technology Group Co., Ltd., Hebei Manlu Medical Devices Co., Ltd., Honda Sun Co.,Ltd., Hoveround Corporation, Inco Medical Technology Co., Ltd., Invacare Corporation, Karman Healthcare, Inc., Laxmi Industries, Levo AG, Medline Industries, LP, Merits Health Products, MEYRA GmbH, MRIequip.com, Narang Medical Limited, Newmatic Medical by MarketLab, Inc., Ottobock SE & Co. KGaA, Permobil AB, Pihsiang Machinery MFG. Co., LTD., Pride Mobility Products Corporation, Satcon Medical, Scewo AG, Shanghai BangBang Robotics Co., Ltd., Shanghai Brother Medical Products Manufacturer Co., Ltd., Soul Mobility, Inc., Stryker Corporation, Sunrise Medical (US) LLC, and United Seating and Mobility, LLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Wheelchair Market, by Product
7. Wheelchair Market, by Category
8. Wheelchair Market, by Class
9. Wheelchair Market, by Application
10. Americas Wheelchair Market
11. Asia-Pacific Wheelchair Market
12. Europe, Middle East & Africa Wheelchair Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Wheelchair Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Wheelchair Market?
3. What is the competitive strategic window for opportunities in the Wheelchair Market?
4. What are the technology trends and regulatory frameworks in the Wheelchair Market?
5. What is the market share of the leading vendors in the Wheelchair Market?
6. What modes and strategic moves are considered suitable for entering the Wheelchair Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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