Global Wheelchair Market Forecast Report 2021-2028: Technological Evolutions & Advancements in Homecare in Developing Countries - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Wheelchair Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Product, Type, End User, Application, and Usage; Distribution Channel, and Geography" report has been added to ResearchAndMarkets.com's offering.

Surging incidence of disorders requiring mobility assistance and significantly rising population of geriatric people across the world driving the Wheelchair Market.

Wheelchair Market is expected to reach US$ 6,459.07 million by 2028 from US$ 4,073.71 million in 2021. The market is estimated to grow with a CAGR of 6.8 % from 2021 to 2028. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.

Factors such as surging incidence of disorders requiring mobility assistance and significantly rising population of geriatric people across the world are expected to boost the growth of the global wheelchair market. However, the market is likely to get impacted by the operational difficulties associated with wheelchairs and high cost of powered wheelchairs during the forecast period.

Patients use wheelchairs when walking is impossible for them due to injury, illness, or disability. There are different types of wheelchairs available in the market, depending on the patient's requirement. There is a wide range of wheelchairs available differing by mechanisms of control, propulsion method, and technology used. There has been a significant effort in the last decade to develop a wheelchair with innovative features.

Thus, increasing prevalence of disorders requiring mobility assistance is creating high demand for wheelchairs.

COVID-19 pandemic has become the most significant challenge across the world. This challenge will be frightening especially in developing countries across the world as it will lead to reducing imports due to disruptions in global trade. The COVID-19 pandemic affected the pharmaceutical, medical device, R & D, and other businesses across the globe.

Wheelchair devices are essential medical devices in several mobility conditions. As the rise of the pandemic crisis was uncertain, there is shortage in supply of wheelchairs and consumables. However, market players are adopting various strategies to increase its distribution of wheelchairs.

For instance, according to British Red Cross, in 2020, the organization provided wheelchair service to around 140 communities across the UK. Also, the organization supplied around 50,000 wheelchairs for patients with permanent as well as temporary mobility conditions.

Key Market Dynamics

Market Drivers

• Rising Geriatric Population in World
• Growing Incidence of Disorders Requiring Mobility Assistance

Market Restraints

• Operational Difficulties Associated with Wheelchairs and High Cost of Powered Wheelchairs

Market Opportunities

• Advancements in Homecare in Developing Countries

Future Trends

• Technological Evolutions in Wheelchairs

Company Profiles

• Invacare Corporation
• Medline Industries, Inc.
• Ottobock
• Meyra GmbH
• Karman Healthcare, Inc
• Sunrise Medical
• Hoveround Corporation
• LEVO AG
• Permobil
• Smile Smart Technology

The Report Segments Global Wheelchair Market as Follows:

By Product

• Manual Wheelchair
• Powered/Electric Wheelchair
• Standard Powered Wheelchairs
• Custom-Built Powered Wheelchairs
• Smart Wheelchair

By Type

• Centre Wheel Drive
• Front Wheel Drive
• Rear Wheel Drive
• Standing Electric Wheelchair

By End User

• Rehabilitation Centres
• Hospitals and Clinics
• Homecare
• Ambulatory Surgical Centres

By Application

• Neurologically Impaired
• Handicap Patients
• Others

By Usage

• Adult
• Pediatric (below 18)

By Distribution Channel

• Retail
• E-Commerce

By Geography

• North America
• US
• Canada
• Mexico
• Europe
• France
• Germany
• Italy
• UK
• Spain
• Rest of the Europe
• Asia Pacific(APAC)
• China
• India
• South Korea
• Japan
• Australia
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• South Africa
• Saudi Arabia
• UAE
• Rest of Middle East and Africa
• South America (SAM)
• Brazil
• Argentina
• Rest of South America

For more information about this report visit https://www.researchandmarkets.com/r/r97d1k.