Powered Wheelchair Market Analysis, Revenue, Price, Market Share, Growth Rate, Forecast to 2030
Global Powered Wheelchair Market Report offers in-depth analysis of the market size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges.
During the COVID-19 pandemic, the industry witnessed a positive influence on product uptake due to the prevalent requirement of wheelchairs for affected patients. Moreover, major players have been focusing on introducing new technology into their product portfolios to maintain a prominent position in the market. For instance, in August 2021, Invacare Corporation, a distributor of non-acute medical equipment, introduced its new Invacare AVIVA STORM RX power wheelchair, establishing a new benchmark for rear wheel drive power wheelchairs.
Browse key industry insights spread across 250 pages with 385 tables & 24 figures and charts from the report,” Powered Wheelchair Market Analysis By Product (Front Wheel Drive, Mid Wheel Drive, Rear Wheel Drive), Technology (Standard Powered Wheelchair, Smart Wheelchair), Patient (Pediatric, Adult), Portability (Standalone, Portable), Application (Mobility, Neurological Conditions), By Distribution Channel (Brick & Mortar, E-commerce), End-use (Hospitals, Home Care, Long Term Care Facilities, Rehabilitation Centers) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030” in detail along with Table of Contents.
https://www.gminsights.com/industry-analysis/powered-wheelchair-market
The powered wheelchair market has been divided in terms of patient, product, technology, application, portability, end-use, distribution channel, and region.
Based on product, the market has been bifurcated into rear wheel, front wheel, mid wheel, and others. The rear wheel segment reported around $900 million in revenue share in 2021 and is expected to witness steady growth at a CAGR of nearly 6.2% over the analysis period. The growth is attributed to the advent of innovative powered wheelchairs, such as portable wheelchairs, smart wheelchairs, and standing wheelchairs.
From the technology point of view, the powered wheelchair market has been segmented into smart wheelchair and standard power wheelchair. In 2021, the smart wheelchairs segment held around $160 million in revenue. Technological advancements in the field of powered wheelchairs are expected to enhance segmental expansion through the analysis period.
With respect to patient, the industry has been categorized into adult and pediatric. The adult segment accounted for a substantial market share in 2021 and is anticipated to reach above $3,500 million valuation in 2030 due to rising instances of disabilities amongst the elderly.
The powered wheelchair market has been divided based on portability into portable and standalone. The standalone segment is set to reach a valuation of around $3,800 million by 2030, expanding at a CAGR of approximately 6% through the assessment time period. Increased product adoption rate amongst patients with disabilities is likely to boost segmental growth.
With regard to application, the industry has been classified into neurological conditions and mobility. The neurological conditions segment registered a sizable market share in 2021 and is slated to reach around $350 million by the end of the forecast period as a result of the mounting burden of debilitating neurological conditions.
Partial Table of Contents (ToC) of the report:
Chapter 4 Powered Wheelchair Market, By Product
4.1 Key segment trends
4.2 Front wheel drive
4.2.1 Market size, by region, 2017 - 2030 (USD Million)
4.3 Mid wheel drive
4.3.1 Market size, by region, 2017 - 2030 (USD Million)
4.4 Rear wheel drive
4.4.1 Market size, by region, 2017 - 2030 (USD Million)
4.5 Others
4.5.1 Market size, by region, 2017 - 2030 (USD Million)
Chapter 5 Powered Wheelchair Market, By Technology
5.1 Key segment trends
5.2 Standard powered wheelchair
5.2.1 Market size, by region, 2017 - 2030 (USD Million)
5.3 Smart wheelchair
5.3.1 Market size, by region, 2017 - 2030 (USD Million)
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/powered-wheelchair-market
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