Global demand for wheelchairs is forecast to expand 2.8% p.a. between 2014 and 2018. China, Latvia, Philippines, Portugal, and Turkey are considered the highest potential markets in the coming years
Lewes, DE -- (SBWIRE) -- 05/19/2014 -- According to recently published research, the expansion of the global wheelchair industry is forecast to reach 2.8% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 4.6%. Currently, manual wheelchairs account for 37.6 % of the global demand while the remaining market share is divided between motorised wheelchairs (20.7%) and wheelchair parts (41.6%).
China, Denmark, Germany, Sweden, and United Kingdom represent the largest wheelchair markets while the strongest annual growth is forecast to occur in Philippines (19.1%), Portugal (18.8%), Turkey (17.9%), Latvia (16.5%), and Morocco (16.2%). (See Chart Image)
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential wheelchair markets in the coming years are: (See Table Image)
The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date market data on the actual market situation, trends, and future outlook for wheelchairs in the world and individually for the following countries:
Argentina, Armenia, Austria, Azerbaijan, Bolivia, Bulgaria, Chile, China, Colombia, Czech Republic, Denmark, Ecuador, Egypt, Finland, France, Germany, Greece, Hungary, India, Indonesia, Ireland, Italy, Japan, Kazakhstan, Kyrgyzstan, Latvia, Lebanon, Lithuania, Macedonia, Malaysia, Mexico, Morocco, Netherlands, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Romania, Slovakia, Slovenia, South Korea, Spain, Sweden, Thailand, Turkey, Ukraine, United Kingdom.
The information are extracted from our recently published reports, you can browse country wise reports here: World Wheelchair Market Reports
The reports include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.
The latest market data for this research include:
- Overall wheelchair market size, 2007-2018
- Wheelchair market size by product segment, 2007-2018
- Growth rates of the overall wheelchair market and different product segments, 2007-2018
- Shares of different product segments of the overall wheelchair market, 2007, 2013 and 2018
- Market Potential Rates of the overall wheelchair market and different product segments
The product segments analyzed in the data reports include:
- Manual wheelchairs
- Motorised wheelchairs
- Wheelchair parts
The reports answer the following questions:
- What is the current size of the wheelchair market in the world and in different countries?
- How is the wheelchair market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?
Find all Medical Devices reports: http://www.marketresearchreports.com/medical-devices
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