Wheelchairs Market Will Generate Booming Growth Opportunities to 2032

The global wheelchairs market is expected to be worth US$ 5.7 billion by the end of 2022, rising at a 3.2% CAGR to US$ 7.9 billion by the end of 2032. Manual wheelchairs will account for approximately 70.5% of the global market in 2021, according to a recent study by Future Market Insights.

Bringing together the skills and resources of the public, private, and nonprofit sectors is critical for fostering innovation and removing barriers to accessibility and affordability for assistive technology (AT). Access to an appropriate wheelchair is critical for people to become more economically and civically engaged while also avoiding negative health effects.

A wheelchair is considered appropriate if it: meets the user's demands and environmental requirements; provides a proper fit with ergonomic adjustment; is safe and reliable; is widely available in the country; and can be obtained, maintained, and serviced in the country at a reasonable price. The use of a suitable wheelchair increases users' mobility and flexibility, which is required for active participation in civic, professional, and educational activities.

Wheelchairs are one of the most common types of assistive devices. Individuals with congenital abnormalities, people with developmental and neurological problems (such as cerebral palsy or muscular dystrophy), people with a spinal cord injury, people with musculoskeletal conditions (lower limb amputation), people living with physical handicap caused by polio or noncommunicable diseases (NCDs) such as diabetes or stroke, and older people may all require wheelchairs.

The wheelchair market is expected to expand as demand for the best products in terms of effectiveness, features, quality, and price is created and consolidated. Furthermore, in order to reduce production costs and encourage the adoption of stringent quality standards, manufacturers and suppliers must work together to shape the global wheelchairs market for increased revenue sales.

Key Companies Profiled:

  • Invacare Corporation
  • Sunrise Medical
  • Permobil
  • Pride Mobility Products Corp.
  • 21st Century SCIENTIFIC Inc.
  • Hoveround Corporation
  • Panthera AB
  • Ottobock
  • Meyra GmbH
  • Handi-Care Intl.
  • Custom Engineered Wheels
  • Alber GmbH
  • Intelliwheels, Inc.
  • GF Health Products, Inc.,
  • LEVO AG
  • SEGWAY INC.

Get More Insights@ https://www.futuremarketinsights.com/reports/wheelchairs-market

Key Market Segments Covered in Wheelchairs Industry Research

By Product:

  • Manual Wheelchairs
  • Powered Wheelchairs

By Function:

  • Standard Transport Wheel Chair
  • Self-Propelled Wheel Chair
  • Sports Wheel Chairs
  • Standing Wheel Chairs
  • Recliners Wheel Chairs
  • Bariatric Wheel Chairs
  • Light-weight Wheel Chairs

By Distribution Channel:

  • Institutional Sales
  • Retail Sales

 

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