The market research made on the electric wheelchair shows good growth during the forecast timeline of 2030 which is still at the CAGR 6.8% with a valuation of USD 6.47 Billion.
There has been a rise in illness and disorders which are now resulting the hospitals utilizing electric wheelchairs and thus improving the welfare of the patients. It also offers assistance to healthcare workers and patients. The electric wheelchairs are well integrated using the in-home care settings. This can help in moving the patient’s safety from one location to another. There is quite a demand for the same due to the increased number of elderly patients in the care homes and hospitals that are propelling the growth of the market.
There are many industrial players which are now looking ahead to create the launches while expanding the market. The feature of the multi-functionality of the electric wheelchair market is increased demand as compared to the traditional wheelchair. The wheelchair is now easy to be used and even navigated. There are top industrial players which focus on development depending on the feature for meeting the public demand and thus helping the market.
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Some factors contribute to the market growth which is also studied under the drivers. The growth drivers are the expansion and the product launches in emerging markets. The market is now growing from the launches of the product which would increase the product manufacturing and also increase its demand in the market. The increased disabilities number among the elder crowd increased that further resulting in chronic illness leading to the electric wheelchair invention.
The pandemic crisis that stuck due to the Covid-19 had some effects and challenges that had a huge impact on the electric wheelchair market positively and negatively. There was one side where markets and businesses were drowning due to the stringent regulation government had imposed. The people, however, were buying the types of equipment like a wheelchair for their family member’s comfort that were fighting against the virus. But as the demand increased the manufacturers were not able to meet the same because there was a heavy impact on the supply chain across the globe. This somehow had a slow growth of the market during the phase of COvid-19 pandemic crisis but now that regulation is being removed the market is likely to get back on track soon.
As per the Product Type
As per the End-Users Type
As per the Region Type
As per the Battery Type
The regional analysis made of the electric wheelchair market shows the distribution of the electric wheelchair is done in North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. Presently, North America is dominating the market while the region of Asia-Pacific is likely to grow the demand for the same to meet the end user’s expectations.
GF Health Products,Sunrise Medical (Germany),Quantum Rehab (US),Permobil AB (Sweden),Pride Mobility Products Corp (US),Invacare Corporation,Drive Medical (US),Ottobock (Germany),Levo AG (Switzerland),Karman Healthcare
A wheelchair supplier by the name of DIETZ Mobility UK launched SANGO Slimline and SANGO Advanced electric wheelchairs.
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