The Global Wheelchairs Market Is expected to reaching a market value of USD 6,388 million




Wheelchairs are chairs that have wheels attached to them. It is a transportation solution designed for people who are unable to walk due to certain disabilities. In terms of revenue, the Wheelchairs market is expected to reach US$ 6,388 Mn by 2026, with a CAGR of 5.6 percent from 2015 to 2026.

It is essentially a mobility device in which a person with a walking disability sits. Steel, plastic, titanium, and aluminum are the most common materials used. Steel, together with a folding-frame mechanism, is commonly utilized in wheelchairs with standard functionality. Aluminum is also used in the wheelchair industry, particularly in lightweight wheelchairs. Titanium is used in the production of ultra-lightweight frames. Wheelchairs typically have a polypropylene plastic footplate with adjustable features to accommodate the user's size and disability. Aside from that, there are manual and powered wheelchairs on the market, with manual wheelchairs designed to be operated by the user. These also have an extra handle so that another person can push the chair. A powered wheelchair, on the other hand, is also known as a motorized wheelchair, powerchair, or electric-powered wheelchair (EPW). As the name implies, these chairs do not require the user's or another person's effort to move; instead, they are powered by electricity. Wheelchairs are also available in basic, standard, bariatric, and sports compatible configurations. A bariatric wheelchair is intended to support heavyweights, whereas a sports wheelchair is primarily intended for mechanical propulsion.

The global wheelchairs market was worth USD 2.7 billion in 2020, and it is predicted to grow at an annual rate of 8.0 percent between 2021 and 2026. The market is being driven by a growing senior population as well as an increase in the number of disorders requiring mobility support, such as spinal cord injuries. From 2019 to 2026, the global wheelchair market is expected to grow at a CAGR of around 5.6 percent, reaching a market value of USD 6,388 million.

The rising number of accidents resulting in permanent or temporary physical disability is one factor driving up market value. Another factor driving up demand for wheelchairs is the world's ever-increasing obese population as a result of drastic changes in daily lifestyle.

Along with these factors, rising healthcare infrastructure spending in some emerging economies is expected to support market growth. The powered wheelchair is the most popular product segment in the global wheelchair market. The market's availability of advanced and powered options, such as electric and motorized wheelchairs, is boosting the segment's growth.




The growing disposable income is also driving up demand for powered wheelchairs. Along with these, the availability of lightweight electric wheelchairs is increasing market value. The rising trend of a busy and sophisticated lifestyle, as well as the ease of use, is also a factor favoring the market demand for a powered wheelchair.

Over the forecast period, the North American region will dominate the regional market in terms of value. The region is gaining momentum primarily as a result of major manufacturers' increased focus on expansion in developed countries such as The United States.

21st century Scientific Inc., Drive Medical, GF Health Products Inc., Hoveround, Invacare Corporation, Karman Healthcare, Ottobock, Permobil, Pride Mobility Products Corp and Sunrise Medical LLC are among the companies profiled in the report.

 

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