Market Overview:
A wheelchair is considered the most widely used and the single most important product of permanent or temporary equipment for the chronically disabled person. It supports the person's body segments, serves as a device in which and from which they performs activities, and functions as a substitute form of ambulation. The device comes in wide range allowing either manual propulsion by the seated occupant turning the rear wheels by hand, or electric propulsion by motors. Moreover, the wheelchair becomes an extension of the person and assumes significance comparable to basic subsistence needs
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Invacare Corporation (U.S), Sunrise Medical LLC (U.S), 21st Century Scientific, Inc. (U.S), Permobil AB (Sweden), Pride Mobility Products Corporation (U.S), LEVO AG (Switzerland), GF Health Products, Inc. (U.S), MEYRA GmbH (Germany) and Hoveround Corporation (U.S) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Wheelchairs Market Study:
Invacare Corporation (U.S), Sunrise Medical LLC (U.S), 21st Century Scientific, Inc. (U.S), Permobil AB (Sweden), Pride Mobility Products Corporation (U.S), LEVO AG (Switzerland), GF Health Products, Inc. (U.S), MEYRA GmbH (Germany) and Hoveround Corporation (U.S)
Wheelchairs Market Segment Analysis
Scope | Sub-Segments |
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Type | Manual wheelchair, Electric wheelchair, Smart Wheelchair and Others |
End Users | Hospitals,Clinics,Ambulatory Surgical Centers,Home Care Settings,Others |
Category | Adult wheelchair,Pediatric wheelchair |
Weight | Light Weight Wheelchairs,Heavy Weight Wheelchairs |
The Power wheelchair segment is expected to command the largest share of the Global Wheelchairs market The Homecare segment is expected to command the largest share of the Global Wheelchairs market
Influencing Trend:
Emergence of technologically advanced products in market
Market Growth Drivers:
Growing worldwide elderly population, Increasing demand for advanced wheelchairs from the sports industry and Rising necessity of automated wheelchair for disabled people
Challenges:
Inaccessibility to quality healthcare in developing economies
Restraints:
High cost of wheelchairs and Lack of awareness and infrastructure such as broken pathways, non-availability of ramps in buses and trains
Opportunities:
Untapped opportunities in developing and under developed economies worldwide
Some of the other players that are also part of study are Aquila Corporation (U.S), Aspen Seating (U.S), Drive Medical (U.S) and Eagle Sportschairs LLC. (U.S). The Global Wheelchairs market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
In December 2017, Permobil acquired Max Mobility. With this acquisition, Permobil further expands its wheelchair offerings by providing a motorized power assist solution to its users and bridging the gap between power and manual wheelchairs
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wheelchairs market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Wheelchairs market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of wheelchair, Suppliers of wheelchair parts, Wholesalers, distributers and retailers of wheelchair, Healthcare industry, End User and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.