PRN: Wheelchair Market Size Worth USD 4.9 Billion in 2028 | CAG 8.0%: Grand View Research, Inc.

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Wheelchair Market Size Worth USD 4.9 Billion in 2028 | CAGR: 8.0%: Grand View Research, Inc.

 
[19-January-2021]
 

SAN FRANCISCO, Jan. 19, 2021 /PRNewswire/ -- The global wheelchair market size is expected to reach USD 4.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.0% from 2021 to 2028. The Americans with Disabilities Act (ADA) defines a wheelchair as a manually operated or automated device, designed primarily for use by an individual with a mobility disability. It is mainly used for the purpose of indoor or both indoor and outdoor locomotion. Increase in life span and numbers of elderly persons at a global level is one of the key reasons expected to contribute towards the growth! of the m arket.

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Key suggestions from the report:

  • The manual product segment led the segment in terms of revenue share in 2020 owing to its increasing use in hospitals. It is also cost-effective and requires little maintenance
  • Rising volume of medical emergencies is a prime factor driving the hospital segment
  • The adults segment was the largest in 2020 in terms of revenue share owing to rise in number of disabilities requiring a mobility device such as the spinal cord injuries and an expanding ageing population
  • North America dominated the market with a revenue share of 35.0% due to increased adoption of advanced technology in wheelchairs and rise in the disabled population

Read 114 page research report with ToC on "Wheelchair Market Size, Share & Trends Analysis Report By Product (Manual, Electric), By Category (Adult, Pediatric), By Application (Homecare, Hospitals, Ambulatory Surgical Centers), By ! Region, A nd Segment Forecasts, 2021 - 2028" at: https://www.grandviewresearch.com/industry-analysis/wheelchair-market

The growing integration of automation in healthcare devices, especially mobility devices, such as wheelchairs is a key impacting parameter, projected to support market growth. Wheelchairs today are incorporated with non-linear processing circuits, guide sensors, pulse steering drive, and several controls for making the ride easy and smooth for patients.

Rise in number of disorders requiring a mobility device is also one of the key factors expected to contribute to market growth. One of the common disabilities that require a mobility device is the spinal cord injuries. According to the National Spinal Cord Injury Statistical Center's Facts and Figures at a Glance 2020, there are around 294,000 people currently living with spinal cord injuries (SCI), in the U.S. with 17,810 new cases each year. Thus, the US is expected to be a key potential market for the manufacturers of the mobility device in the years to come.

The recent COVID-19 pandemic affected the manufacturing and supply chain aspect of the manufacturers to a great extent. Wheelchair services were halted across several countries owing to strict lockdowns being implemented. This had left many wheelchair users in a fix. The manufacturers also faced difficulty since their operations were halted. Although the number of hospital visits by regular patients had reduced during the lockdown, the number of patients affected with COVID-19 witnessed a spike. Thus, demand for the mobility device increased during this period, especially from the hospital segment. With the ease of lockdowns, the manufacturing operation of the mobility device is expected to come back to normal.

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

  • Wheelchair Product Outlook (Revenue, USD Million, 2016 - 2028)
    • Manual
    • Electric
  • Wheelchair Category Outlook (Revenue, USD Million, 2016 - 2028)
    • Adults
    • Pediatric
  • Wheelchair Application Outlook (Revenue, USD Million, 2016 - 2028)
    • Homecare
    • Hospitals
    • Ambulatory Surgical Centers
    • Rehabilitation Centers
  • Wheelchair Regional Outlook (Revenue, USD Million, 2016 - 2028)
    • 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
      • Middle East & Africa
        • South Africa
        • Saudi Arabia
        • UAE

    List of Key Players of Wheelchair Market

    • Carex Health Brands, Inc.
    • Drive Medical Design & Manufacturing
    • Graham-Field Health Products Inc.
    • Invacare
    • Medline
    • Sunrise Medical LLC
    • Karman Healthcare
    • Quantum Rehab
    • Numotion
    • Pride Mobility Products Corp.

    Find more research reports on  Medical Devices Industry, by Grand View Research:

    • Personal Mobility Devices Market â€�“ The global personal mobility devices market size was valued at USD 10.8 billion in 2019 and is anticipated to register a CAGR of 6.5% over the forecast period.
    • Robotic Wheelchairs Market â€�“ The global robotic wheelchairs market size was valued at USD 75.8 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 9.4% from 2019 t! o 2025. < /li>
    • Active Wheelchair Market â€�“ The global active wheelchair market size was valued at USD 1.6 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2020 to 2027.

    Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

    About Grand View Research

    Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

    Contact:

    Sherry James
    Corporate Sales Specialist, USA
    Grand View Research, Inc.
    Phone: 1-415-349-0058
    Toll Free: 1-888-202-9519
    Email: sales@grandviewresearch.com
    Web: https://www.grandviewresearch.com
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