Global Electric Wheel Chair Market Overview:
A motorized wheelchair with wheels and batteries that supply the necessary power to propel the wheelchair in the desired direction with a minimum of physical effort is known as an electric wheelchair. For mobility, these chairs don't need any help from people. Rechargeable batteries make up an electric wheelchair. These batteries power the wheelchair's motor, which enables the movement of the joystick, ball, and wheels. The growing geriatric population and age-related issues, and increasing demand for home healthcare services and staff are some factors that are driving the market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
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 |
Influencing Trend:
The rise in Road Accidence Has Increased the Number of Immobility Patients, Increasing Prevalence of Various Physical Immobility Disorders and Availability of Technologically Advanced, Compact, and Portable Mobility Aids
Market Growth Drivers:
Growing Geriatric Population and Age-Related Issues and Increasing Demand for Home Healthcare Services and Staff
Challenges:
Occurrence of Inconsistent Technical Glitches, Faults, and Other Problems
Restraints:
High Purchasing and Maintenance Costs
Opportunities:
Rising Investments in R&D Activities for Launching Novel Products and Advancement of Medical Technology and Healthcare Infrastructure
Competitive Landscape:
Global Electric Wheel Chair is a fragmented market due to the presence of various players. The players are focusing on investing in strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Joëlette and Co (France), Fujian Secure Technology Co. (China), OttoBock Healthcare GmbH (Germany), Invacare Corp. (United States), Pride Mobility Products Corp. (United States), Permobil AB (Sweden), Sunrise Medical Limited (United Kingdom), Hoveround Corporation (United States), LEVO AG (Switzerland), MEYRA GmbH (Germany), Medical Depot, Inc. (Germany) and GF HEALTH PRODUCTS, INC (United States). Considering Market by Category, the sub-segment i.e. Adult will boost the Electric Wheel Chair market. Considering Market by Price Range (USD), the sub-segment i.e. 50-100 will boost the Electric Wheel Chair market. Considering Market by Distribution Channels, the sub-segment i.e. Manufacturers will boost the Electric Wheel Chair market. Considering Market by Material, the sub-segment i.e. Steel will boost the Electric Wheel Chair market. Considering Market by Settings, the sub-segment i.e. Outdoor will boost the Electric Wheel Chair market.
Latest Market Insights:
In November 2021, Ottobock acquired 100% of the shares of suitX, a US-based company spun out of the Robotics and Human Engineering Lab at the University of California, Berkeley, which specializes in the research and development of occupational and medical exoskeletons. Ottobock and suitX are combining their expertise and products to take the exoskeleton market to a new level and foster the worldwide adoption of exoskeletons.
In August 2021, the Indian Institute of Technology Madras developed India’s first indigenous motorized wheelchair vehicle, NeoBolt which can be used even on uneven terrains.
What Can be Explored with the Electric Wheel Chair Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Electric Wheel Chair Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Electric Wheel Chair
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electric Wheel Chair 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 in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electric Wheel Chair market.
In order to make priority list sorting is done based on revenue generated based on 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 Electric Wheel Chair Developers, Electric Wheel Chair Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to 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 includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.