In this report, the global Powered Wheelchairs market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2017 and 2022.
Electric wheelchairs are also called as power chairs or electric ?power wheelchairs. They do not require any human assistance for mobility as they are powered by battery.
Most obvious advantage of electric wheelchair is that they are user friendly and convenient. These electric wheelchairs are useful for those unable to use manual wheelchair or who may want to use wheelchair for travelling longer distance and in such case using manual wheelchair is very difficult.
Factors which are driving the growth of global electric wheelchair market are growing worldwide elderly population, necessity of automated wheelchair for disabled people and high disposable income of people from developed countries such as UK, France, Germany, US, Canada and Japan. Furthermore increasing demand of advanced wheelchairs from sport industry is also influencing the growth of electric wheelchair market, as many sport events are organised specially for disabled persons.
The Global Electric wheelchair market is segmented on the basis of product type and region. By product type, the electric wheelchair market can be segmented as centre wheel drive electric wheelchair, front wheel drive electric wheelchair, standing electric wheelchair, rear wheel drive electric wheelchair and others.
Among all this product types, centre wheel drive electric wheelchair held largest revenue share and represents more than 50% of total market in 2014. Front wheel drive electric wheelchair is expected to be second largest growing type after centre wheel drive electric wheelchair and estimated to conquer significant growth in near future.
By region, the market is segmented into seven major region such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (excluding Japan), Japan as a separate region and Middle East and Africa (MEA). Current global electric wheelchair market is dominated by North America region however in recent future developing economies such as China, India and Brazil are expected to drive the demand for electric wheelchairs.
Electric Wheelchair Market: Key Players
The key international players operating in electric wheelchair market includes OttoBock Healthcare GmbH, Invacare Corp., Pride Mobility Products Corp., Permobil AB, Sunrise Medical Limited, Hoveround Corporation, LEVO AG, Invacare Corp., MEYRA GmbH, Medical Depot, Inc., GF HEALTH PRODUCTS, INC and Others. All these key players are focusing on delivering best value products to their customers.
Customised offering and product innovation is a common strategy adopted by most of the key players. These electric wheelchair manufactures offers large variety and different sizes of wheelchairs to meet demand of individuals depending upon their weight and height.
Global Powered Wheelchairs Market: Regional Segment Analysis
The Major players reported in the market include:
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