Electric Wheelchair Market | Business Growth, Development Factors, Current and Future Trends till 2031 | HENGTONG GROUP CO., LTD. Heraeus Business Solutions GmbH Humanetics Innovative Solutions, Inc.

The global electric wheelchair market is anticipated to grow at a CAGR of around 9.2% during the forecast period 2023-2029. One of the main factors people choose power wheelchairs over manual wheelchairs is the increased comfort and mobility solutions provided by them. The major factor that is augmenting the market is the large patient base requiring wheelchair due to several diseases such as spinal cord injury, polio, hepatitis C and so on. Besides, the increasing number of accidents causing permanent disability of legs, rising geriatric population is accompanied by decrease the functionality of organ systems resulting in dependency for day-to-day activities, are also the factors that are propelling the growth of the market. For instance, joint pain causes by arthritis limits leg and lower body mobility, resulting in locomotion restrictions. According to the World Health Organization (WHO), it is estimated that the population above 60 years will almost double from 12% to 22% by 2050, across the globe.

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On the contrary, the increasing adoption of prosthetics is one of the major factors hindering the growth of the market. Prosthetic technology has considerable scope due to new developments that are being introduced in the market which are reducing the need for a wheelchair. However, the treatment and implant cost of prosthetics is comparatively very high. Apart from it, less penetration of wheelchairs in emerging economies is also one of the major restraints of the market. As per Wheelchair Foundation, in developed economies, around 95% of people who require a wheelchair have access to it whereas it is only 10% in emerging economies. Around 110 million people in emerging economies don't have access to a wheelchair. Government initiatives regarding disabled-friendly infrastructure at public places are going to be one of the major opportunities in the market as it would increase the ease to use of a wheelchair in public places

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Electric Wheelchair Market Report Segment
By Age Group
• Adult Power Wheelchair
• Pediatric Power Wheelchair

By Drive System
• Front-Wheel Drive
• Rear Wheel Drive
• Others (Center Wheel Drive)

By End-User
• Homecare
• Hospitals & Clinics
• Others (Airports and Railway Stations)

Global Electric Wheelchair Market Report Segment by Region
North America
• US
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America

The Report Covers
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global electric wheelchair market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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