Market Synopsis:

Market Research Future (MRFR) studied the global electric wheelchair industry analysis 2021 for the assessment period till 2027. According to MRFR analysis, the electric wheelchair market is expected to surge at 7.23% CAGR over the assessment period (from 2020 to 2027). By 2027, the electric wheelchair market value can touch USD 5,414.9 Mn.

Market Drivers and Restrains:

The ease of using electric wheelchairs that motorized wheelchairs over manually driven electric wheelchairs is expected to prompt the electric wheelchair market by 2027. Electric wheelchairs are primarily used by the geriatric population and the physically challenged people. The rise in number of people with physical problems and the expanding geriatric population are expected to causes the expansion of the electric wheelchair market in the near future. Ageing is accompanied by decrease by problems of organ systems that result in dependency on other person for regular activities. For instance, people suffering from arthritis has joint pain that cause reduced lower body movement, restricting locomotion. The World Health Organization (WHO) and a study by the United Nations (UN), suggests that the world population above 60 years are likely to suffering from decline in physical wellness, which, in turn, can favor the global electric wheelchair market by 2027. On the contrary, the high price of electric wheelchairs and lack of reimbursement policies are factors that are expected to restrain the rise of the electric wheelchair market. However, product launches and investors exploring untapped market potential can counter the slow-down of the electric wheelchair market in the near future.

Key Players:

Invacare Corporation, Ottobock (Germany), Drive Medical (US), Levo AG (Switzerland), GF Health Products, Inc. (US), Karman Healthcare, Inc. (US), Sunrise Medical (Germany), Permobil AB (Sweden), Quantum Rehab (US), and Pride Mobility Products Corp (US) are some reputed players in the global electric wheelchair market that are listed by MRFR.

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Market Segmentation:

The segment analysis of the global electric wheelchair market is based on end user and type.

The type-based segments of the global electric wheelchair market are based on front-wheel drive chair, center wheel drive chair, and rear-wheel drive chair. The segment of center wheel drive chair is accounted for the rapid expansion of the market in the forecast period. The segment can hold a major share of the global market that can be attributed to surge in the adoption rate of electrical wheelchairs that can benefit the market in the years to come. The growing awareness about advantages of center electric wheelchairs over manually operated wheelchairs, such as, the minimalized effort for mobilization, increased travel distance, and making user independent to execute daily activities, can favor the global electric wheelchair market in the years to come. The rise in the utility of electric wheelchairs among elderly and disabled people, facing difficulties in operating a manual wheelchair, can add to the market upsurge. However, high cost for maintenance and repair, along with its larger size can prompt the expansion of the electric wheelchair market in the near future.

Regional Analysis:

The electric wheelchair market in the Americas is assessed for Latin America and North America. The US and Canada is analysed for the Americas market over the review period. The rise in purchasing power of electric wheelchair in North America and technological advancements for electric wheelchair in the region can favor the market in the near future.

In Europe, the electric wheelchair market is expected to underpin the market in Eastern Europe and Western Europe. The market of electric wheelchair in Western Europe is analysed for Germany, Italy, Spain, France, the UK, and the rest of the Western Europe. Europe market, after the Americas can surge to earn high value along the forecast period owing to favorable government initiatives, along with a large consumer base as an increase in the number of physically challenged people is observed.

In Asia Pacific, the electric wheelchair market is studied for China, South Korea, India, Japan, Australia, and the Rest of APAC. The electric wheelchair market in the Asia Pacific region is expected to register the highest CAGR over the forecast tenure owing to an increase in the per capita health spending of people and the development of the healthcare sector in APAC.

The electric wheelchair market in the Middle East and Africa electric wheelchair market is expected to thrive owing to the prevalence of orthopedics disorders and hike in funding by private companies and governments to introduce new solutions.

Table Of Content:

1 EXECUTIVE SUMMARY

1.1 OVERVIEW 13

1.2 MARKET ATTRACTIVENESS ANALYSIS 14

1.2.1 GLOBAL ELECTRIC WHEELCHAIR MARKET, BY TYPE 14

1.2.2 GLOBAL ELECTRIC WHEELCHAIR MARKET, BY END USER 15

1.2.3 GLOBAL ELECTRIC WHEELCHAIR MARKET, BY REGION 16

2 MARKET INTRODUCTION

2.1 SCOPE OF THE STUDY 17

2.2 RESEARCH OBJECTIVE 17

2.3 MARKET STRUCTURE 17

2.4 ASSUMPTIONS & LIMITATIONS 18

3 RESEARCH METHODOLOGY

3.1 DATA MINING 19

3.2 SECONDARY RESEARCH 20

3.3 PRIMARY RESEARCH 21

3.4 BREAKDOWN OF PRIMARY RESPONDENTS 22

3.5 FORECASTING TECHNIQUES 23

3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 24

3.6.1 BOTTOM-UP APPROACH 25

3.6.2 TOP-DOWN APPROACH 25

3.7 DATA TRIANGULATION 26

3.8 VALIDATION 26

4 MARKET DYNAMICS

4.1 INTRODUCTION 27

4.2 DRIVERS 28

4.2.1 INCREASING GERIATRIC POPULATION 28

4.2.2 INCREASE IN CASES OF ACCIDENTS AND NEUROLOGICAL CONDITIONS 28

4.2.3 TECHNOLOGICAL AND SCIENTIFIC ADVANCES 28

4.2.4 DRIVERS IMPACT ANALYSIS 29

4.3 RESTRAINT 29

4.3.1 HIGH COST 29

4.3.2 UNFAVOURABLE REIMBURSEMENT POLICIES 29

4.3.3 RESTRAINT IMPACT ANALYSIS 30

4.4 OPPORTUNITIES 30

4.4.1 PRODUCT LAUNCHES 30

4.4.2 MERGERS & ACQUISITIONS 30

4.4.3 BUSINESS EXPANSIONS 30

5 MARKET FACTOR ANALYSIS

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