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Wheelchair Market Analysis, Growth Opportunities, Future Demand And Leading Players Updates By Forecast To 2032

Jan 18, 2024 4:00 PM ET

Wheelchair Market Analysis, Growth Opportunities, Future Demand And Leading Players Updates By Forecast To 2032

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Wheelchair Market Research Report: Information By Product (Manual Wheelchair, Electric Wheelchair, Accessories), By Category (Adults and Pediatric), By End-Use (Home Care Settings, Hospitals & Clinics), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

The Wheelchair Market Size was prized at USD 5.1 Billion in 2022 and is projected to grow from USD 5.43 Billion in 2023 to USD 8.97 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.48% during the forecast period (2023 – 2032).

The Wheelchair Market refers to the worldwide industry that encompasses the production, distribution, and sales of wheelchairs and related mobility devices. Wheelchairs are essential assistive devices designed to improve the mobility and independence of individuals with mobility impairments, physical disabilities, or medical conditions that affect their ability to walk or move around freely.

The Wheelchair Market includes a wide range of products catering to various needs and preferences, such as manual wheelchairs, electric or power wheelchairs, sports wheelchairs, and specialized models for different age groups and disabilities. The market also involves various accessories and components that enhance the functionality and comfort of wheelchairs.

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Segment Analysis

The Wheelchair Market has been segmented based on product, category and end user.

On the basis of product, the market is segmented into manual wheelchair, electric wheelchair and accessories. Electric or power chairs provide users with great flexibility, comfort, and the capacity to travel without a second person’s constant assistance, which helps explain this growth.

Based on category, the market has been segmented into adults and pediatric. The adult segment currently holds the largest market share and is primarily driven by the aging population.

Based on end user, the market has been segmented into home care settings and hospitals & clinics. The category for hospitals & clinics is anticipated to have the major growth rate. The rise in wheelchair-related medical emergencies is associated with this trend. The post-surgical procedures increase the need for wheelchairs.

Key Players

Pride Mobility Products Corp. (US), Sunrise Medical (Germany), Levo AG (Switzerland), and Invacare Corporation (US).

Regional Analysis

The Wheelchair Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Wheelchair Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Wheelchair Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Wheelchair Market comprises of Middle East, Africa, and Latin America.

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North America is a significant market for wheelchairs, driven by factors such as a large aging population and a higher prevalence of disabilities due to chronic health conditions.

Europe is another prominent market for wheelchairs, characterized by a well-developed healthcare system and a focus on accessibility and inclusivity. Government support and policies promoting the provision of assistive devices contribute to the growth of the wheelchair market in this region.

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The Asia-Pacific region has emerged as a rapidly growing market for wheelchairs due to its large population, increasing healthcare expenditure, and rising awareness of mobility aids. Countries such as China and India have witnessed a significant surge in demand for wheelchairs due to their aging populations and a higher incidence of disabilities.

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