Electric Wheelchair Market was valued at USD 7.18 Billion in 2022, and it is expected to reach USD 14.22 Billion by 2029, exhibiting a CAGR of 10.24% during the forecast period (2023-2029)
Electric Wheelchair Market Overview:
A newly released report offers an in-depth analysis of the Electric Wheelchair Market , providing valuable insights into its market values, scope, and regional dynamics. The research, conducted by a dedicated team, delves into the market’s segmentation, key drivers, restraints, and regional perspectives.
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Electric Wheelchair Market Report Scope:
The report comprehensively scopes the Electric Wheelchair Market, utilizing a robust research methodology. Revenue data from major suppliers, coupled with vendor offerings, forms the foundation for market segmentation. The bottom-up technique, incorporating the income of major firms, is employed to estimate the overall market size. This extensive research aims to deliver a detailed understanding of the primary elements influencing the growth of the Electric Wheelchair Market industry.
Electric Wheelchair Market Research Methodology:
A motorized wheelchair, an electric-powered wheelchair, or a power chair are other names for an electric wheelchair. Any seating surface that has wheels on it is powered by an electrical source, most commonly motors and batteries. To select the desired direction of movement for movement purposes, a joystick is usually utilized.
Electric Wheelchair Market Dynamics:
Electric wheelchairs are used in a variety of sports, including wheelchair football and wheelchair hockey. Australia’s rugby, hockey, and soccer teams participated in the Victorian Sports League (VPSL) in 2018, according to the Victorian Electric Wheel Chair Sports Association. This league’s main objective is to provide more recreational opportunities for players with impairments, which will promote the use of electric wheelchairs at sporting events.
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Electric Wheelchair Market Segmentation:
by Product Type
1. Center Wheel Drive
2. Front Wheel Drive
3. Rear Wheel Drive
4. Standing Electric Wheelchairs
by End Users
1. Hospitals & Clinic
2. Home Care
3. Sports Conditioning
Electric Wheelchair Market Key Players:
1. Quantum Rehab (US)
2. Karma Medical Products Co., Ltd (US)
3. Pride Mobility Products Corp (US)
4. Invacare Corporation (US)
5. Pride Mobility Products Corp (US)
6. GF Health Products(US)
7. Drive Medical (US)
8. Karman Healthcare (US)
9. Golden Technologies (US)
10. Hoveround Corp (US)
11. 21st Century SCIENTIFIC Inc. (US)
12. Merits Health Products(US)
13. Ottobock (Germany)
14. Levo AG (Switzerland)
15. Permobil AB (Sweden)
16. Matsunaga Manufactory Co., Ltd (Japan)
17. Meyra Group (Germany)
18. Miki Kogyosho Co., Ltd (Japan)
19. Nissin Medical Industries Co., Ltd (Japan)
Electric Wheelchair Market Regional Insights:
The research includes an extensive regional analysis, blending primary and secondary research to offer a realistic perspective. Country-level analysis considers regional stakeholders, tax laws, consumer behavior, and macroeconomic indicators. Separate market share data is presented for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, empowering analysts to conduct targeted competitive analysis.
COVID-19 Impact Analysis:
The report doesn’t shy away from addressing the impact of COVID-19 on the Electric Wheelchair Market. A complete assessment, based on import, suppliers, and market players, unveils the pandemic’s influence and strategies to navigate the challenges.
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Electric Wheelchair Market Key Questions Answered:
The Electric Wheelchair Market Report answers pivotal questions, including:
- Which segment dominated the Electric Wheelchair Market share?
- How was the competitive scenario in 2020?
- What factors fueled the Electric Wheelchair Market growth?
- Which region held the maximum market share in 2020?
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