Power Assist Wheelchair Market Scope
The power assist wheelchair is operated in the same way as manual wheelchairs with software motors attached to its wheels which response to the patient's force. It is easy to use which gives active mobility, therapeutic benefits, adjustable, portable and versatile. The demand for power-assisted wheelchairs is growing with number of aged people and health-related issues. With continuous improvement and research in the wheelchair industry the market is expected to grow in coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Sunrise Medical (United Kingdom), Invacare (United States), Permobil (United States), Pride Mobility (United States), Graham-Field (United States), Magic Wheels (United States), Glide (Australia), Specialized Wheelchair Company (United States), Karman HealthCare (United States) and Yamaha Navione (United States) |
CAGR | % |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Power Assist Wheelchair market throughout the predicted period.
Sunrise Medical (United Kingdom), Invacare (United States), Permobil (United States), Pride Mobility (United States), Graham-Field (United States), Magic Wheels (United States), Glide (Australia), Specialized Wheelchair Company (United States), Karman HealthCare (United States) and Yamaha Navione (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Wicked Wheelchair (Australia) and Max Mobility (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Power Assist Wheelchair market by Type , by Application (Spinal Cord Injury, Illness, General Physical Weakness and Other Medical Conditions) and Region with country level break-up.
On the basis of geography, the market of Power Assist Wheelchair has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2023, Sunrise Medical, a world leader in advanced assistive mobility solutions, is pleased to announce its strategic acquisition of Ride Designs, a renowned industry leader in premium custom seating systems for wheelchair riders. This acquisition marks a significant expansion of Sunrise Medical's custom seating offerings, clinical expertise, and service capabilities, perfectly complementing the extensive range of manual and powered mobility products Sunrise Medical already offers
In May 2019, Graham-Field introduced the improved version of Traveler L3 Plus which is ideal for the short term, long term, and rental use. It weighs less than 36 pounds without front rigging with features like fixed desk length, adjustable height desk length, and detachable full length
Influencing Trend:
Increasing Demand for Advanced Wheelchairs in Sports Industry for Physically disabled Sportsperson
Market Growth Drivers:
Rising Population of Elderly People Around the World and Growing Demand for Automated Wheelchair for Disabled
Challenges:
High Maintenance and Repair Charges of Power Assist Wheelchair and Issues with the Size, Weight and Limited Power
Restraints:
Availability of High Priced Wheelchairs might Hamper the Growth and The threat of New Entrants in the Wheelchair Market
Opportunities:
Improvement in Income of Residents in Developing Countries and Continuous Research and Development in Wheelchair Industry will further Enhance the Market
Key Target Audience
Power Assist Wheelchair Manufacturers, Power Assist Wheelchair International Traders, Power Assist Wheelchair Distributors and Suppliers, Research and Development Institutes, Financial Institutes and Venture Capital, Healthcare Industry Associations and Others