Electric Wheelchair Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024
Deerfield Beach, FL -- (SBWIRE) -- 11/07/2017 -- Electric Wheelchair Market: Overview
The alternate names for the electric wheelchairs are electric power wheelchairs or power chairs. They are powered with the help of the battery and thus no human help is required for the mobility. Convenience and user-friendliness are among the biggest advantages of the electric wheelchair. The electric wheelchair is very useful for traveling long distances and for those who are unable to use manual wheelchairs. These wheelchairs are availed by the disabled but also by the people who have met with accidents or those suffering from cardiovascular diseases.
Electric Wheelchair Market: Competitive Players
Some of the major companies in the electric wheelchair market include Levo AG, Permobil AB, Pride Mobility Products Co., Hoveround Corporation, Sunrise Medical Ltd., Invacare Co., Medical Depot Inc., Meyra GmbH., OttoBock Healthcare GmbH., and GF Health Products Inc.
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Electric Wheelchair Market: Segmentation
The global electric wheelchair market is segmented into the type of product and geography. On the basis of the type of the product, the market is divided into front wheel drive power chair, center wheel drives power chair, rear wheel drive power chair, standing power chair and others. Several regions where the global electric wheelchair market is diversified include Asia Pacific, the Middle East and Africa, Western European, Eastern Europe, Latin America, and North America regions.
Electric Wheelchair Market: Growth Factors
The electric wheelchair market is an emerging market owing to factors such as growing geriatric population, increase in the cases of the cardiovascular diseases and rise in the accidental conditions, developing urban setting, the rise in the disposable income of people, and the growing requirement for an automated wheelchair for the disabled people. The growth of the market is further enhanced by the rising demand for advanced electric wheelchairs from the sports sector for sports events organized for the disabled people. There are certain restraining factors to the market growth which include the high cost of the electric wheelchair, poor infrastructure, and lack of knowledge among the individuals. However, these issues are expected to decrease in the coming years which will boost the demand for the electric wheelchair in the long run.
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Electric Wheelchair Market: Regional Analysis
North America dominates the electric wheelchair market. Growth can be attributed to the various medical facilities provided by the government to the aging population, the technological advancement that is witnessed in the electric wheelchair industry and the augmentation of the products which are equipped with gadgets for control and accessibility. Also, the rise in the purchasing power, consumer awareness, increasing geriatric population, and inclination towards more refined technology has been driving the progress of the electric wheelchair market in the North American region especially in the countries of the U.S. and Canada. Following North America in its growth will be Asia Pacific. Countries such as India, China, Japan, Australia, and New Zealand are at the forefront of this growth. Europe is also showing a steady demand in the market. The Latin American and the Middle East and African regions are growing steadily owing to the development of medical facilities in these regions.
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