A wheelchair is a chair fitted with wheels that are used as a means of transport by individuals who are unable to walk due to illnesses, diseases, or disabilities. Wheelchairs are primarily used by the differently-abled and geriatric population worldwide. Hence the increasing geriatric population ultimately has a positive impact on global wheelchair market growth.
The surge in disability cases is foreseen to provide traction to the wheelchair market in the forthcoming period. The healthcare industry reports are produced by Market Research Future, highlighting market selections for expansion. A CAGR of 2.80% is foreseen to steer the market towards USD 9,554.07 Million by 2024.
Regional Analysis
The global wheelchair market, based on region, is separated into the Americas, Europe, Asia-Pacific, and the Middle East and Africa.
The Americas is anticipated to hold the largest share of the global wheelchair market. This is owing to the presence of key market players, the high prevalence of chronic disease, and rising geriatric population.
Europe has significant growth in the wheelchair market. This due to the growing elderly population and increasing usage of wheelchair products. According to the United Nations (UN), in Europe, 183.0 million people were aged over 60 in 2017, and this figure is estimated to reach 247.2 million by 2050. These factors are expected to have a positive impact on the wheelchair market in Europe.
Request Free Sample Copy of Report with Detailed Impact Analysis of Covid-19:https://www.marketresearchfuture.com/sample_request/8405
Asia-Pacific is projected to be the fastest-growing region in the global wheelchair market due to the large pool of geriatric population and rising number of hospitals.
Segmental Analysis
The segmental assessment of the wheelchair market has been conducted on the basis of end-user, product type, and region. The wheelchair market is segmented into Asia Pacific, the Middle East, the Americas, Europe, and Africa based on the regions.
Based on the electric wheelchair segment is further sub-segmented into rear-wheel drive chair, center wheel drive chair, electric wheelchair, and front-wheel drive chair.
The manual wheelchair segment is sub-segmented into bariatric wheelchairs, light & ultra-lightweight wheelchairs, standard manual wheelchairs, and sports wheelchairs. The wheelchair market has been segmented into hospitals, home care settings, and clinics based on the end-user.
Have Any Query? Connect with Our Research Expert 24*7:https://www.marketresearchfuture.com/enquiry/8405
On the basis of product type, the wheelchair market has been segmented into a manual wheelchair and accessories. Based on accessories, the wheelchair market is segmented into wheelchair trays, postural support accessories, wheelchair ramps, armrest accessories, and batteries & chargers.
Competitive Analysis
The distinguished companies in the wheelchair market are Ottobock (Germany), Medline Industries, Inc. (US), Drive Medical (US), GF Health Products, Inc. (US), Quantum Rehab (US), Pride Mobility Products Corp. (US), Karman Healthcare, Inc. (US), Levo AG (Switzerland), Sunrise Medical (Germany), and Invacare Corporation (US).
To Read Full Summary of Report:https://www.marketresearchfuture.com/reports/wheelchair-market-8405
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.