Wheelchair Market | Leading Segments, Trends, Drivers and Challenges
Market Forecast and Growth Projections 2021-2025
The Global wheelchair market is expected to grow by $ 3.05 bn, decelerating at a CAGR of 13.82% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
For a snapshot of our exhaustive research analysis and insights: Request for Our Free Sample Report
Wheelchair Market: Leading Segments and Growth Analysis
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- The report segments the market by Product (manual wheelchair and powered wheelchair) and Geography (North America, Europe, Asia, and ROW). Each market segment is analyzed for past performance leading to future growth projections based on current market scenario.
- The North America region emerged as the leading segment in recent years. 35% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Wheelchair Market size.
Wheelchair Market: Top Trends, Drivers, Challenges to drive Market Recovery
Our report helps market players to discover the various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will provide clients with all the information they would require for designing a growth strategy for their business.
- Growing healthcare expenditure will be a significant factor in driving the growth of the Wheelchair Market.
- Another factor that will boost the market will be the Enhanced post-treatment services.
- High cost of mobility products is a hurdle that needs to be crossed on the path to success.
Wheelchair Market: Vendor Analysis
- The market is fragmented.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- Carex Health Brands, Drive DeVilbiss Healthcare, GF Health Products Inc., Invacare Corp., Medline Industries Inc., NOVA Medical Products, Ostrich Mobility Instruments Pvt. Ltd., Ottobock SE and Co. KGaA, Permobil AB, and Sunrise Medical LLC are some of the major market participants.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is decelerate at a CAGR of 13.82%.
- What is the incremental growth of the market?
The market is expected to grow by $ 3.05 bn through 2021-2025.
- What is a key factor driving this market?
Growing healthcare expenditure will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, Asia, and ROW are the key regions featured in this research report.
- Which is the leading geographic region for this market:
35% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are Carex Health Brands, Drive DeVilbiss Healthcare, GF Health Products Inc., Invacare Corp., Medline Industries Inc., NOVA Medical Products, Ostrich Mobility Instruments Pvt. Ltd., Ottobock SE and Co. KGaA, Permobil AB, and Sunrise Medical LLC
- What are the market segments covered in this report?
The market is segmented by Product (manual wheelchair and powered wheelchair) and Geography (North America, Europe, Asia, and ROW)
