Latest News- Wheelchair Market: Manual wheelchair is expected to lead the Product segment during 2025-2029

The Wheelchair Market is being driven by Growing healthcare expenditure

The Wheelchair Market is expected to grow at a CAGR of 9.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2294.4 million. In the healthcare sector, clinical mobility solutions, including wheelchairs, play a crucial role in enhancing patient mobility. Traditional manual wheelchairs necessitate the assistance of caregivers for transportation. However, advancements in technology have led to the development of automated mobility products, such as electric wheelchairs and smart wheelchair systems, which can be controlled with minimal human effort. Notably, in regions like the US and Canada, where disposable income and healthcare spending are high, there is a growing adoption of these advanced mobility solutions. Research initiatives, including smart wheelchair systems and electric wheelchairs controlled via mobile apps or Bluetooth devices, are ongoing to create more efficient and user-friendly mobility solutions for patients. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Manual wheelchair
  • Powered wheelchair
• End-user
  • Personal
  • Hospitals
  • Sports conditioning
• Distribution Channel
  • Retail stores
  • E-commerce
  • Hospital pharmacies
• Age Group
  • Adults
  • Pediatrics
• Geography
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing healthcare expenditure
• Enhanced post-treatment services.
• Rising geriatric population

However, the market also witnesses some limitations, which are as follows:

• High cost of mobility products
• Limited availability of sophisticated healthcare in rural areas
• Stringent government regulations for mobility products

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Market Scope in Wheelchair Market Research Report

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Research Analysis Overview

The Wheelchair Market encompasses various types of wheelchairs, including powered assist, bariatric, and all-terrain models. Key components include propulsion systems, tires, batteries, motors, controllers, software, sensors, safety features, and customization options. Design, ergonomics, user experience, accessibility standards, training, maintenance, safety, etiquette, and community are essential considerations for wheelchair users.

Market Research Overview

The Wheelchair Market, a segment of the expansive Global Healthcare Equipment Market, encompasses the production of manual wheelchairs, power wheelchairs, electric wheelchairs, folding wheelchairs, lightweight wheelchairs, and reclining wheelchairs. The Global Healthcare Equipment Market, as per Technavio's analysis, consists of manufacturers dealing in research and development (R&D) of capital equipment, instruments, implants, accessories, and consumables used for disease diagnosis, monitoring, and treatment. The market size is determined by the consolidated revenue generated by these entities. The Healthcare Equipment Industry is further segmented into Devices, which incorporates advanced, differentiated, and clinically tested data-driven devices. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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