Overview
The wheelchair market is projected to grow by US$9,554.07 Million by 2024 rapidly at a CAGR of 2.80% throughout the forecast period. Increasing geriatric population as well as presence of key market players drive the global wheelchair market. These key growth drivers have incredibly helped the wheelchair market and are estimated to boost the growth. Analysts studying the wheelchair market have also shared growth projections in the wheelchair market research report and have suggested wheelchair market-based companies to develop growth strategies. High cost of products and lack of awareness are the challenges that companies across the wheelchair market could face.
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Market Segmentation
The global wheelchair market has been segmented based on end users, type, and accessories. On the basis of end users, the market for wheelchair is segmented based on home care settings, hospitals and clinics. Additionally, the market on the basis of type, is segmented into electric wheelchair (rear wheel drive chair), manual wheelchair (sport wheelchairs). The global market for wheelchair is also covered based on the accessories segment which is further split into wheelchair ramps.
Factors like growing incidence of chronic diseases and growing geriatric population propel the wheelchair market growth. The wheelchair market performance has also been studied. The wheelchair market report provides analysis of past and current trends. In addition to this, the wheelchair market report offers detailed analysis of end users, type, and accessories segments. The market segmental analysis provided in the wheelchair market research report offers crucial details about the wheelchair market based on the data and forecasts till 2024.
Regional Overview
The wheelchair market report covers companies functional in the wheelchair market spread across regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The regional analysis of the wheelchair market can be found in the market research report. The North American wheelchair market has several key players functioning in the United States, Canada, and Mexico. Europe has companies in the wheelchair market across Germany, France, Spain, Italy, and the United Kingdom. The wheelchair market of the Middle East, Africa, and other regions has also been studied by analysts. A detailed analysis of the wheelchair market across India, China, and Japan in the Asia-Pacific region is also available for further study.
Competitive Landscape
The wheelchair market is corroborated by rising healthcare infrastructure. The population growth as well as increasing demand of wheelchair market based solutions also accelerate the market growth. However, the wheelchair market can be affected due to the cost of equipment as well as underdeveloped infrastructure in some countries. The wheelchair market research report covers all such factors assisting companies in the wheelchair market to improve their plans and portfolio. The wheelchair market research report also provides company profiles of major businesses. The wheelchair market report highlights crucial details about organizations operating across North America, Europe, Asia-Pacific (APAC), and the rest of the world regional markets. The details available in the wheelchair market report cover company strategies, revenue, company size, and mergers and acquisitions in the wheelchair market. New entrants as well as established organizations can use the data from wheelchair market report to further plan their strategies.
Industry News
Numotion also purchased Wheeler’s Medical Supply, a Florida-based retailer of intermittent and incontinence catheters, one of the biggest nationwide mobility suppliers in the United States. Numotion also extended its product range in the previous year following its purchase of Northland Rehab Supply and BritKare’s Rehab Division, providing a comprehensive portfolio of manual and driven wheels to home access options and complex recovery technology.
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