[Latest] Global Electric Wheelchair Market Size/Share Worth 7.14 Billion by 2030 at a 7% CAGR: Custom Market Insights (Outlook, Report, Trends, Forecast, Trends, Segmentation)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of the Global Electric Wheelchair Market size & share revenue was valued at approximately USD 3.8 Billion in 2021 and is expected to reach around USD 7.14 Billion by 2030, at a CAGR of 7% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are Permobil AB, Invacare Corp., OttoBock Healthcare GmbH, Pride Mobility Products Corp., Sunrise Medical Limited, Hoveround Corporation, MEYRA GmbH, LEVO AG Invacare Corp., Medical Depot Inc., GF HEALTH PRODUCTS INC, and others.
Sandy, Utah, USA, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Electric Wheelchair Market Size, Trends and Insights By Product (Center Wheel Drive, Standing Electric Wheelchairs, Rear Wheel Drive, Front Wheel Drive), By Type (Adult Wheelchairs, Pediatric Wheelchairs), By End-users (Hospital, Home-Care Setting), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for Global Electric Wheelchair Market size & share was valued at approximately USD 3.8 Billion in 2021 and is expected to reach a value of around USD 7.14 Billion by 2030, at a compound annual growth rate (CAGR) of about 7% during the forecast period 2022 to 2030.”
Click Here to Access a Free Sample Report of the Global Electric Wheelchair Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18554
When powered by electricity, the electric wheelchair primarily relies on motors and batteries to move from one location to another. A joystick is typically used to choose the intended direction of movement for training purposes. This device allows the user to move around more efficiently using electric propulsion. Another tool included with the electric wheelchair is a ball, which makes moving about easier and turns off the alternating current or battery-powered motor that drives it.
The market for electric wheelchairs has rapidly expanded due to the rising demand for these sophisticated devices.
(A free sample of the Electric Wheelchair report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
Includes Tables and figures have been updated
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology
(Please note that the sample of the Electric Wheelchair report has been modified to include the COVID-19 impact study prior to delivery.)
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Growth Factors
The market is growing due to rising technological and IoT improvements, including intelligent voice assistance and extra new capabilities, and increased investments by numerous companies in product improvement and technology development. Furthermore, the market is anticipated to grow in the upcoming years due to increased wheelchair supply, rising consumer awareness, and beneficial government initiatives. As a result, the production of wheelchairs will advance technologically, which will help the electric wheelchair business.
Paralympic sports are becoming more and more well-liked, helping the industry grow. There are also favorable reimbursement policies and customization options available. In addition, there is a global demand for electric wheelchairs due to the spread of the coronavirus disease (COVID-19) and hospital admissions.
Key questions answered in this report:
What is the size of the Electric Wheelchair market and what is its expected growth rate?
What are the primary driving factors that push the Electric Wheelchair market forward?
What is the Electric Wheelchair Industry's top companies?
What are the different categories that the Electric Wheelchair Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Electric Wheelchair market sample report and company profiles?
Click Here to Access a Free Sample Report of the Global Electric Wheelchair Market @ https://www.custommarketinsights.com/report/electric-wheelchair-market/
Key Offerings:
Market Share, Size & Forecast by Revenue | 2022−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Segmental Overview
The electric wheelchair market is classified into product, type, and end-users. Due to this industry’s quick supply and demand cycles, the hospital segment has dominated the market regarding end-users. Patients typically attend a hospital after suffering an injury or becoming disabled. The patient is advised to use a wheelchair here for the first time. As a result, the supply of the electric wheelchair segment is now open to the possibility of selling to hospitals. These goods are frequently used to move patients from one location to another to ensure the patient’s most excellent comfort and safety.
Regional Overview
With the prevalence of various physical immobility problems rising and the ageing populations in North American nations such as the U.S. and Canada, the market for electric wheelchairs is expanding quickly. Therefore, several market companies invest more in R&D projects to take advantage of current prospects.
Furthermore, during the forecast period, the electric wheelchair market in the Asia Pacific region is anticipated to grow at the fastest rate. The growing need for intelligent wheelchairs among disabled people experiencing mechanical, perceptual, or cognitive loss could be seen as a potential opportunity in Asia Pacific nations. Factors contributing to the market’s growth in this area include:
An increase in traffic accidents.
An increase in people with physical anomalies.
An increase in consumer buying power in Asia Pacific nations.
Click Here to Access a Free Sample Report of the Global Electric Wheelchair Market @ https://www.custommarketinsights.com/report/electric-wheelchair-market/
Report Scope
Feature of the Report | Details |
Market Size in 2021 | USD 4.1 billion |
Projected Market Size in 2030 | USD 4.5 billion |
CAGR Growth Rate | 7.14% CAGR |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Prominent Players | Permobil AB, Invacare Corp., OttoBock Healthcare GmbH, Pride Mobility Products Corp., Sunrise Medical Limited, Hoveround Corporation, MEYRA GmbH, LEVO AG Invacare Corp., Medical Depot Inc., GF HEALTH PRODUCTS INC, and Others |
Key Segment | By Product, Type, End-users, and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Players Insights
There is fierce competition in the market for electric wheelchairs between new and established manufacturers. This has opened the door for product development, collaborative ventures, and mergers and acquisitions to retain the electric wheelchair market‘s dominance. For instance, Drive Medical consolidated its product portfolio by purchasing Med quip Inc. Another such is the collaboration between Innova Care Concepts and Permobil to provide electric-powered wheelchairs.
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Some of the prominent players
Permobil AB
Invacare Corp.
OttoBock Healthcare GmbH
Pride Mobility Products Corp.
Sunrise Medical Limited
Hoveround Corporation
MEYRA GmbH
LEVO AG Invacare Corp.
Medical Depot Inc.
GF HEALTH PRODUCTS INC
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Browse the full “Electric Wheelchair Market Size, Trends and Insights By Product (Center Wheel Drive, Standing Electric Wheelchairs, Rear Wheel Drive, Front Wheel Drive), By Type (Adult Wheelchairs, Pediatric Wheelchairs), By End-users (Hospital, Home-Care Setting), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/electric-wheelchair-market/
The global Electric Wheelchair market is segmented as follows:
By Product
Center Wheel Drive
Standing Electric Wheelchairs
Rear Wheel Drive
Front Wheel Drive
By Type
Adult Wheelchairs
Pediatric Wheelchairs
By End-users
Hospital
Home-Care Setting
Click Here to Get a Free Sample Report on the Global Electric Wheelchair Market @ https://www.custommarketinsights.com/report/electric-wheelchair-market/
On the basis of Geography
North America
The U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Request a Customized Copy of the Electric Wheelchair Market Report @ https://www.custommarketinsights.com/report/electric-wheelchair-market/
Key Insights:
Per the analysis shared by our research analyst, the Electric Wheelchair market is estimated to grow annually at a CAGR of around 13.5% over the forecast period (2022-2030).
In terms of revenue, the Electric Wheelchair market was valued at around USD 4.1 billion in 2021 and is projected to reach USD 4.5 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
Based on product segmentation, the center-wheel drive segment is projected to witness a high CAGR from 2022 to 2030.
Based on type segmentation, the adult segment is estimated to hold the dominant market share in 2021.
The home-care setting segment is estimated to notice tremendous growth based on type segmentation.
Based on geography/region, the North American region was the leading revenue generator in 2021.
Click Here to Get a Free Sample Report on the Global Electric Wheelchair Market @ https://www.custommarketinsights.com/report/electric-wheelchair-market/
Recent Development
2022: The Invacare Corporation has unveiled the e-fix eco, a power-assisted device of the next generation. With the help of a joystick, this revolutionary technology makes it possible to convert a wheelchair that is now being used often into a portable power wheelchair. In this invention, batteries and in-wheel motors were used.
2021: A new generation of rear-wheel drive electric wheelchairs, the AVIVA Storm RX, has been introduced by Invacare, a leading American manufacturer of non-acute medical equipment such as wheelchairs and mobility scooters. The wheelchair features an LED lighting system, adjustable loan compensation interpreters, and a special open stack design that allows the legs to tuck under the chair by up to 7 degrees. Such product introductions will likely increase demand in the North American market.
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This Electric Wheelchair Market Research/Analysis Report Contains Answers to the following Questions.
Which Manufacturing Technology is used for Electric Wheelchair? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Electric Wheelchair Market? What are Their Company Profile, Their Product Information, and Contact Information?
What Was the Global Market Status of the Electric Wheelchair Market? What Was the Capacity, Production Value, Cost and PROFIT of the Electric Wheelchair Market?
What Is the Current Market Status of the Electric Wheelchair Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Electric Wheelchair Market by Taking Applications and Types in Consideration?
What Are Projections of the Global Electric Wheelchair Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Electric Wheelchair Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact on Electric Wheelchair Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Is the Market Dynamics of the Electric Wheelchair Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electric Wheelchair Industry?
Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/electric-wheelchair-market/
Reasons to Purchase Electric Wheelchair Market Report
Electric Wheelchair Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Electric Wheelchair Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Electric Wheelchair Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Electric Wheelchair Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Click Here to Access a Free Sample Report of the Global Electric Wheelchair Market @ https://www.custommarketinsights.com/report/electric-wheelchair-market/
Reasons for the Research Report
The study provides a thorough overview of the global Electric Wheelchair market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Electric Wheelchair market analysis.
The competitive environment of current and potential participants in the Electric Wheelchair market is covered in the report, as well as those companies' strategic product development ambitions.
According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
Participants and stakeholders worldwide Electric Wheelchair market should find this report useful. The research will be useful to all market participants in the Electric Wheelchair industry.
Managers in the Electric Wheelchair sector are interested in publishing up-to-date and projected data about the worldwide Electric Wheelchair market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Electric Wheelchair products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
Click Here to Get a Free Sample Report on the Global Electric Wheelchair Market @ https://www.custommarketinsights.com/report/electric-wheelchair-market/
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Click Here to Get a Free Sample Report on the Global Electric Wheelchair Market @ https://www.custommarketinsights.com/report/electric-wheelchair-market/
