The electric wheelchair market demonstrated significant strength in 2020 and is predicted to maintain a stable revenue CAGR throughout the forecast period. The considerable growth in market revenue can be attributed to the increasing adoption of motorized wheelchairs by people with physical disabilities, a rise in the number of road accidents and mishaps, and the growing demand among older adults for improved mobility and convenience.
Electric wheelchairs, which are also referred to as electric-powered wheelchairs or motorized wheelchairs, utilize an electric motor rather than manual power for propulsion. These wheelchairs are primarily used by individuals who are unable to propel manual wheelchairs due to medical conditions or because they find it too difficult or strenuous for certain terrains or distances. Electric wheelchairs are not exclusively designed for people with mobility impairments, but also for those with cardiovascular or other severe medical conditions or mobility difficulties.
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Top Companies Operating in the Global Electric Wheelchair Market Report:
Invacare Corporation, Sunrise Medical (US) LLC, Permobil Inc., Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Hoveround, Otto Bock, 21st Century Scientific, Inc., MEYRA GmbH, LEVO AG, Merits Health Products Co. Ltd., Segway Inc., Scewo AG, GF Health Products Inc., Karman Healthcare, Inc., KYMCO Healthcare Ltd., SOWECARE B.V., and Nanjing Jin Bai He Medical Apparatus Co., Ltd.
Revenue growth in the global consumer goods market is primarily due to factors such as the rapid increase in the world population, the growing demand for food and other essential goods, including healthcare nutrition, personal care hygiene, and electronic products. Consumer preferences and lifestyles are changing significantly, the demand for packaged and processed food and beverage products is rising, and the number of people working is increasing. There has been a rapid adoption of cutting-edge technologies such as artificial intelligence (AI), IoT (Internet of Things), big data analytics, robotics automation in the consumer goods industry. Other key factors driving the growth of the global consumer goods market include a growing awareness of the adverse environmental impacts of plastic packaging and a growing demand for eco-friendly and sustainable packaging solutions. Rising income levels in developing economies such as India and stringent government regulations for product quality and safety are expected to boost market revenue growth in the near future.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Type Outlook (Revenue, USD Billion; 2018-2028)
- Centre Wheel Drive Electric Wheel Chair
- Front Wheel Drive Electric Wheel Chair
- Rear Wheel Drive Electric Wheel Chair
- Standing Electric Wheel Chair
- Others
Category Outlook (Revenue, USD Billion; 2018-2028)
- Pediatric
- Adults
- Geriatrics
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Rehabilitation Centers
- Home
- Sports Athletics
- Others
Key Takeaways of the Global Electric Wheelchair Market Report:
- A comprehensive overview of the global Electric Wheelchair industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Electric Wheelchair market.
- Elaborate study of the leading regional markets in the global Electric Wheelchair market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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