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Wheelchair Market 2023 Disclosing Latest Trends and Advancement Outlook 2031

Wheelchair Market By Product (Manual, Electric) By Category (Adults, Paediatric) By Application (Homecare, Hospitals, Ambulatory Surgical Centers, Rehabilitation Centers) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2031


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Econ Market Research

5 days ago | 2 min read

The global Wheelchair Market size was estimated at USD 7.15 billion in 2022 and is expected to reach USD 14.55 billion in 2031 with CAGR 10.6%. A wheelchair is used for mobility purposes by disabled persons or by persons who are unable to walk post-injury or due to certain illnesses such as cerebral palsy. Wheelchairs are available in two types, which are manual wheelchair and electric wheelchair. They can be used for outdoor as well as indoor purposes.

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Top Key Players:

21st Century Scientific, Inc.

Alber (Frank Mobility)

Aquila Corporation

Aspen Seating

Carex Health Brands, Inc.

Custom Engineered Wheels

DEKA Research & Development Corp (U.S.)

Drive Medical Design & Manufacturing

Eagle Sportschairs LLC.

EASE Seating System

Forza Medi

Graham-Field Health Products Inc.

Hoveround Corporation

Intelliwheels

Invacare Corporation

Karma Healthcare Limited

Levo AG (Switzerland)

MATIA ROBOTICS (U.S.)

Medical Depot Incorporation.

Market Growth:

Growing advancements in wheelchair technology, along with rising awareness about these advanced products, are likely to propel market growth during the forecast period. In addition, an increase in the number of product launches by players, as well as favorable reimbursement policies, are expected to support market growth during the forecast period. So, increase in diseases and disorders, such as tetraplegia, impairment, spinal cord injuries, and others, that causes inability to walk, majorly drives the wheelchair market growth.

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Market Segmentation:

Wheelchair Market By Product (Manual, Electric) By Category (Adults, Paediatric) By Application (Homecare, Hospitals, Ambulatory Surgical Centers, Rehabilitation Centers) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2031

Market Drivers:

One of the major drivers for the global wheelchair market is the rapidly growing elderly population. The older generations are likely to suffer from mobility disorders with their growing age, which is anticipated to increase the demand for wheelchairs, further propelling market growth during the forecast period.

Market Restraints:

The major factor that hinders the growth of the global wheelchair market is the high cost of wheelchairs. For instance, according to data provided by the Mobility Deck, a free resource for all the mobility needs, in December 2020, the cost of an electric wheelchair can range anywhere from around US$ 1,000 to US$ 16,000.

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