New York, According to a new market research report published by Global Insight Services “Powered Wheelchair Market” was valued at USD 4.2 billion in 2021 and it is anticipated to grow up to USD 6.8 billion by 2031, at a CAGR of 4.9% during the forecast period. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A powered wheelchair is a wheelchair that is propelled by a motorized system. Powered wheelchairs are typically used by people who have limited mobility and are unable to propel a manual wheelchair. There are a variety of powered wheelchair designs and features available, which can be customized to meet the specific needs of the user. Powered wheelchairs can be operated by the user or by a caregiver.
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Key Trends
There are several key trends in powered wheelchair technology. One is the development of more lightweight and portable designs. This is in response to the needs of users who want to be able to take their wheelchair with them when they travel. Another trend is the development of more ergonomic designs. This is to improve the comfort of users and to make it easier for them to use the wheelchair. Additionally, there is a trend towards the development of more affordable powered wheelchair designs. This is to make powered wheelchairs more accessible to a wider range of users.
Key Drivers
There are several key drivers of the powered wheelchair market. One of the most important drivers is the increasing prevalence of disabilities and mobility impairments. According to the World Health Organization, the number of people with disabilities is expected to reach 1.3 billion by 2050. This increase is due to a number of factors, including an aging population and the increasing incidence of chronic conditions such as obesity and diabetes.
Another key driver of the powered wheelchair market is the advances in technology that have made powered wheelchairs more affordable and accessible. In the past, powered wheelchairs were bulky and expensive, making them out of reach for many people with disabilities. However, advancements in materials and manufacturing have led to the development of lighter, more compact, and more affordable powered wheelchairs.
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Market Segments
By Product
- Manual
- Electric
By Application
- Adults
- Pediatric
By End-user
- Homecare
- Hospitals
- Ambulatory Surgical Centers
- Rehabilitation Centers
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Key Players
The Powered Wheelchair Market includes players such as Carex Health Brands, Inc., Drive Medical Design & Manufacturing, Graham-Field Health Products Inc., Invacare, Medline, Sunrise Medical LLC, Karman Healthcare, Quantum Rehab, Numotion and Pride Mobility Products Corp.
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