About Powered Wheelchair
Powered wheelchair also known as electric-powered wheelchair, motorized wheelchair or power chair. Powered wheelchair is a battery-operated device with wheels that is intended for medical purposes to provide mobility to persons restricted to a sitting position, facilitates walking running and all other normal activities. It is powered by batteries which require minimum 14 hrs charging. Also used in various sport activities for different sports .
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of wheelchairs is high due to awareness in the consumer and enhancement in technological enhancement. The competition is increasing with leading firms for acquiring the market. Therefore Companies are also relying on mergers and acquisitions to catch the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Powered Wheelchair market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Invacare Corp (United States), OttoBock Healthcare GmbH (Germany), Permobil AB (Sweden), Pride Mobility Products Corp (United States), Sunrise Medical Inc (Canada), GF Health Products Inc (United States), Hoveround Corp (United States), LEVO AG (China) and Merits depot Inc (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Merits health Products Co.LTD and Meyr wilhelmmeyer GmbH (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Powered Wheelchair market by Type (Centre Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchair and Others (Sports Wheelchair, Pediatric Wheelchair, and High-Power Wheelchair)), Application (Walking and other motility activities, Disability treatment and Temporary accidental purpose) and Region.
On the basis of geography, the market of Powered 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). If we see Market by Requirement, the sub-segment i.e. Compact Powered Wheelchairs: will boost the Powered Wheelchair market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Hospitals will boost the Powered Wheelchair market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery , the sub-segment i.e. AGM or gel sealed lead acid batteries will boost the Powered Wheelchair market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Adaptation , the sub-segment i.e. Standard powered wheelchairs will boost the Powered Wheelchair market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
New Wheelchair Studies In Which Fitted With Visual Sensors To Enable Them To Avoid Any Objects That Come In The Way
Market Growth Drivers:
Growing Awareness About Powered Wheelchair In Disable Consumers and Increasing Adaptability Of Wheelchairs
Challenges:
Maintenance And Environmental Issues Associated With Wet-Cell Batteries Used In Powered Wheelchair and High Cost Associated With Product
Restraints:
Wet-Cell Batteries Have Chemicals, They Are Prohibited From Airplanes and Problems In Availability
Opportunities:
Increasing Demand In Paralympics Like Platforms In Various Games Of Disables and Growing Demand Due To Various Applications
Market Leaders and their expansionary development strategies
In November 2019 Ottobock announced Collaboration with Vigo to enhance care for patients in Belgium and Poland.The international med-tech company Ottobock is reinforcing its PatientCare network in Europe through the acquisition of Vigo, the leading O&P specialist in Belgium.
In November 2021,MEYRA GmbH introduced the new iCHAIR METLIFE-powered wheelchair via its NETTI brand. This chair was specifically designed to cater to the needs of people with multiple disabilities.
FDA’s CFR code of federal regulations responsible for all the safety and manufacturing aspects of physical medicine prosthetic devices, in medical devices Identification. A powered wheelchair is a battery-operated device with wheels that is intended for medical purposes to provide mobility to persons restricted to a sitting position Classification in Class II.
Key Target Audience
Hospitals, Industry Investors, Manufacturers, End User Industries, Traders, Distributors, and Suppliers, Government and Research Organizations and Associations and Industry Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.