As per this study the Global Electric Wheelchair Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
An electric wheelchair is also known as motorized wheelchair or powerchair, is the type of wheel mobility device that is driven by an electrically powered motor. It is a more convenient alternative over manual wheelchair for the patients suffering from lack of motor skills, cardiovascular diseases, and fatigue based conditions. Owing to electrically powered, it can be operated with joystick and push buttons.
The rising demand for electric wheelchairs owing to user-friendly and more comfortable over manual wheelchair is driving the market growth. Rising demand of self-driven vehicles to offer mobility to physically impaired patients and the elderly population is again pushing the market growth uphill. Rise in per capital income followed by growing customer awareness regarding the electrically powered is further contributing the market growth. In spite of this, high cost associated with the product is expected to hamper the market growth
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of electric wheelchair.
The broad electric wheelchair market has been sub-grouped into product. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Central Wheel Drive
- Front Wheel Drive
- Rear Wheel Drive
- Standing Electric Wheelchair
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for electric wheelchair in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Electric Wheelchair Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the electric wheelchair market include Drive Medical Ltd., GF Health Products, Inc., Invacare Corporation, Karman Healthcare, LEVO AG, MEYRA GmbH, OttoBock Healthcare GmbH, Permobil AB, Pride Mobility Products Corp., and Sunrise Medical Limited among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.