Wheelchair Market Expected To Collect $4.2 Billion By 2026: Grand View Research, Inc

October 03 12:24 2019
Wheelchair Market Expected To Collect $4.2 Billion By 2026: Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global wheelchair market size was valued at USD 2.3 billion in 2018 and is anticipated to grow at a CAGR of 7.6% over the forecast period.

The global wheelchair market size is expected to reach USD 4.2 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.6%. Growing disabled population along with rising geriatric population is among factors driving market growth. In addition, improvements in healthcare infrastructure are fueling the demand for wheelchairs.

Adoption and awareness of advanced wheelchairs products are also propelling growth. Growing integration of automation in healthcare devices, especially mobility devices, such as wheelchairs, is anticipated to boost growth. For instance, wheelchairs are integrated with non-linear processing circuits, guide sensors, pulse steering drive, and several controls for making the ride easy and smooth for patients.

Rising prevalence of lifestyle diseases, osteoporosis, and other autoimmune disorders that lead to the need for wheelchairs and growing baby boomers are also some factors driving the market. Presence of geriatric population is one of the key factors responsible for the largest share held by U.S. in North America.

Hospital segment held the maximum share in 2018. This can be attributed to rising high-end mobility equipment such as powered wheelchairs and manual wheelchairs, which are preferred by patients in different healthcare settings as these wheelchairs offer required mobility during hospital stays.

Browse Details of Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/wheelchair-market

U.S. wheelchairs market size, by product, 2015 - 2026 (USD Million)

Key Takeaways from the report:

  • Manual wheelchairs held the largest share in 2018 owing to their increasing use in hospitals
  • Features of electric wheelchairs such as superior quality braking system, especially to stop accidental rolling, self-reliance, and comfortability are anticipated to boost growth
  • Increase in medical emergencies is one of the key factors driving wheelchair market growth
  • Rising number of rheumatoid arthritis and osteoporosis procedures is expected to boost demand for rehabilitation wheelchairs
  • Adults segment held the largest share in 2018 due to presence of a high global geriatric population and rise in the prevalence of conditions requiring different types of mobility devices
  • North America dominated the market due to increased adoption of advanced technology in wheelchairs and rise in disabled population
  • Some of the players operating in the market are Carex Health Brands, Inc.; Drive Medical Design & Manufacturing; Graham-Field Health Products, Inc.; Invacare; Medline; Sunrise Medical LLC; Karman Healthcare; Quantum Rehab; Numotion; and Pride Mobility Products Corp.

Global wheelchairs market share, by application, 2018 (%)

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Grand View Research has segmented the global wheelchair market on the basis of product, category, application, and region:

Wheelchair Product Outlook (Revenue, USD Million, 2015 – 2026)

  • Manual
  • Electric

Wheelchair Category Outlook (Revenue, USD Million, 2015 – 2026)

  • Adults
  • Pediatric

Wheelchair Application Outlook (Revenue, USD Million, 2015 – 2026)

  • Homecare
  • Hospitals
  • Ambulatory Surgical Centers
  • Rehabilitation Centers

Wheelchair Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Columbia
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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Website: www.grandviewresearch.com/industry-analysis/wheelchair-market

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