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Wheelchairs Market By Type (General Purpose Wheelchairs, Power Wheelchairs, Manual Sports Wheelchairs, Mobility Scooters), By Application (Standard Transport, Pediatric, Sports Utility, Others), By Usage Area (Hospitals & Clinics, Ambulatory Centers, Home Care, Others) - Growth, Future Prospects And Competitive Landscape, 2018 – 2026

Industry Outlook

The development of post-treatment methods and services is a prime factor shaping the trends in the global wheelchair market. Post-treatment regimens in neonatal and pediatric care, critical care, geriatric care, and intensive care require continuous monitoring of patients that are unable to move. Such patients are, therefore, ideal groups for assistive movement aids, thus driving the demand for mobility products such as wheelchairs and mobility scooters. Corresponding to the patient's needs, the chosen wheelchairs may be manual, electric, or powered wheelchairs or mobility scooters. Other major factors supporting the market's growth include an aging population, increased life expectancy, and a growing awareness among the patient population about the importance of wellness and not losing touch with traditional life.

Automation of manual wheelchairs is a key trend observed in this market, which in turn is increasing the market's size. As technologies expand in their reach and complexity, more and more automated mobility products are being introduced in the market that can be efficiently operated with minimal intervention and effort. The swift adoption of automated mobility products is being noticed in developed markets in North America, Europe, and Japan. During the forecast period of 2018-2026, the global wheelchairs market is expected to grow at a healthy 14% CAGR.

Market Synopsis

General-purpose wheelchairs have the greatest demand worldwide.

The global wheelchairs market is divided into four product categories: general-purpose wheelchairs, power wheelchairs, manual sports wheelchairs, and mobility scooters. Among these, general-purpose wheelchairs dominate the global market in terms of both volume and value, followed by power wheelchairs. Higher volume and widespread use in hospitals and healthcare institutions, along with domestic usage, form the key factors supporting the dominance of this segment. During the forecast period, the power wheelchair segment will grow at a rapid pace. Technological evolution in the field of automated mobility, growing awareness, and increasing initiatives towards facilitating competitive prices of these products have assisted in the growing demand for these wheelchairs for domestic purposes.

Sports utility application to pick pace during the forecast period

In terms of revenue, standard transport wheelchairs currently occupy a larger share of the global market due to their wider applications across all usage areas. Additionally, sports utility is anticipated to be the fastest-growing application area in the wheelchair market. The wheelchairs used in this application are lightweight and are so designed to move the center of gravity to enable higher mobility and stability than their general-purpose counterparts. Some prime applications in this segment are specific sports such as basketball, racing, rugby, racquet sports, and so on. Improving rehabilitation programs and growing initiatives by support groups and governments to bring the disabled population into the mainstream by improving their quality of life are attributed to the significant pace of this segment.

Hospitals and clinics are the largest markets for general-purpose wheelchairs.

Wheelchairs are imperative for operation in any healthcare setting. This makes hospitals and clinics the largest usage area for wheelchairs, especially the general-purpose product variants. Recovering patients and patients undergoing ambulatory procedures are the prime individuals transported with wheelchairs between departments and to and from the institution. As the global geriatric population is growing, their influx into assisted living facilities is correspondingly growing. Musculoskeletal weakness is a prominently witnessed condition in this group, thus restricting their movements. The demand for power wheelchairs is high in such groups. Furthermore, the use of mobility scooters for general transportation is greater in high-income groups and obese populations in the developed regions where the prevalence of obesity is significantly high, paired with better purchasing power.

Asia Pacific is expected to witness rapid market growth during the forecast period, mainly due to a growing patient pool.

North America houses over 150 manufacturers of wheelchairs, characterizing the fragmented market in the region. The uptake of wheelchairs in North America, especially given the high prices and power variants, is also significantly high, therefore making North America the largest regional market. Several specialized manufacturers in the region are focused on introducing wheelchairs decked out with technologies such as smart sensors for understanding the surroundings, global positioning, and software for better wheelchair functioning. Major players in North America and Europe are also intensively penetrating the high-growth Asia-Pacific market. Asia-Pacific is home to the largest population base, with the pool of geriatrics consistently rising. Moreover, the prevalence of debilitating NCDs and musculoskeletal conditions is also perpetually growing in the region. Countries such as Japan, China, and India are viewed as the most prominent markets for wheelchairs in the Asia Pacific.

Periods of History and Forecast

This research report presents the analysis of each considered segment for the period from 2016 to 2026 using 2017 as the base year for estimations. Compounded annual growth rates (CAGRs) for each segment are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The wheelchairs market report presents the market dynamics as well as a quantitative assessment of the industry in terms of current and forecasted market size. This market is segmented based on types and geography.

This report also includes a company profiles section that gives insights into the company overview, product portfolio, financial information, and key developments of major market players. The major players profiled in this report include Ottobock SE & Co. KGaA, Permobil AB, Sunrise Medical LLC, Medline Industries Inc., 21st Century Scientific Inc., LEVO AG, Karma Medical Products Co. Ltd., Invacare Corporation, Quantum Rehab, TGA Mobility, Panthera AB, Hoveround (Healthcare Products Holdings Inc.), and Pride Mobility Products Corporation.

Key questions are answered in this report.

  • What is the global market size for wheelchairs in the base year of 2017, and where is the market anticipated to reach in 2026?
  • At what CAGR will the market progress during the forecast period of 2018 to 2026?
  • Is the dominance of general-purpose wheelchairs challenged by the progress of power wheelchairs?
  • What are the prime factors that support the swift growth of the Asia-Pacific market?
  • What are the major strategies employed by the market players, given the fragmented nature of the market?

 Frequently Asked Questions:

The market for Wheelchairs is expected to reach XX Bn in 2026

The Wheelchairs market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Ottobock SE & Co. KGaA,Permobil AB,Sunrise Medical LLC,Medline Industries Inc.,21st Century Scientific Inc. are some of the major players in the global market

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Trusted By
Godaddy
Published Date:  Feb 2019
Category:  Medical Devices
Report ID:   59593
Report Format:   PDF
Pages:   120
Rating:    4.2 (56)
Delivery Time: 24 Hours to 48 Hours   
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