Market Highlights:

The global wheelchair market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the wheelchair market are detailed in the report, in order to provide readers with a complete overview of the markets historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the wheelchair markets growth trajectory over the forecast period are provided in the report. The leading players in the global wheelchair market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global wheelchair market. The major drivers and restraints affecting the global wheelchair market are also profiled in the report to provide readers a comprehensive overview of whats making the market tick and what is holding the market back.

The wheelchair market Growth was valued at USD 3,720.47 million in 2019 and is expected to register a CAGR of 6.48% during the forecast period of 2020 to 2027.

Wheelchairs are medical devices used by people with reduced locomotion due to diseases or other conditions such as disability or injury. The increasing prevalence of chronic diseases as well as trauma cases is likely to be a major driver for the global wheelchair market over the forecast period. Wheelchairs allow patients to move from place to place with relative ease and are thus a crucial component of the rehabilitation programs of patients. The increasing number of people suffering from trauma of the legs or hips is likely to be a major driver for the global wheelchair market over the forecast period. The growing number of geriatric patients is also likely to be a major driver for the global wheelchair market, as geriatrics often need wheelchairs for moving from place to place, as the legs and hips of geriatrics may have weakened over time, leading to a dependence on wheelchairs.

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Segment Analysis

The global wheelchair market is segmented on the basis of product, end use, and region.

By product, the global wheelchair market is segmented into electric wheelchairs, manual wheelchairs, and accessories. The electric wheelchair market slightly shades the manual wheelchairs market and is likely to grow at the highest growth rate over the forecast period.

By end use, the global wheelchair market is segmented into home care settings and hospitals and clinics.

Regional Analysis:

The global wheelchair market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East & Africa. The Americas is likely to hold the largest share of the global wheelchair market during the assessment period owing to the well-developed healthcare sector and the presence of leading players. Moreover, the high popularity of Paralympics in the region further drives the growth of the wheelchair market. The Europe market is expected to register substantial growth in the market owing to the presence of a huge geriatric population and high healthcare spending. Asia-Pacific is estimated to be the fastest-growing regional market due to the large patient population and rapid development in technology. The wheelchair market size in Middle East & Africa is expected to witness gradual growth owing to the developing healthcare infrastructure.

Key Findings of the Study

• The global wheelchair market was valued at USD 3,720.47 million in 2019 and is expected to register a CAGR of6.48% during the assessment period.
• The Americas accounted for the largest share of the global market due to the growing demand for beauty treatments and other anti-aging-related cosmetic procedures.
• Based on the product, the electric wheelchair segment accounted for the largest market share of 34.10% in 2019.
• Based on category, the adult segment is expected to register the fastest growth at a CAGR of 6.76% during the forecast period.
• Based on the end use, the home care settings segment accounted for the largest market share with a value of USD 1,422.2 million in 2019.

Some of the players operating in the wheelchair market are

• Invacare Corporation (US)
• Ottobock (Germany)
• Drive Medical (US)
• Pride Mobility Products Corp. (US)
• Quantum Rehab (US)
• GF Health Products, Inc. (US)
• Karman Healthcare, Inc. (US)
• Levo AG (Switzerland)
• Sunrise Medical (Germany)
• Medline Industries, Inc. (US).

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