Global Electric Wheelchair Market Research Report—Forecast till 2027

Global Electric Wheelchair Market Research Report—Forecast till 2027

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Global Electric Wheelchair Market is anticipated to exhibit a CAGR of 7.23% during the forecast period, to surpass USD 5,414.9 million by the end of 2027. The global market growth is attributed to the rising number of physically challenged and geriatric populations worldwide.

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Description

Global Electric Wheelchair Market Research Report—Forecast till 2027

Market Overview
Global Electric Wheelchair Market is anticipated to exhibit a CAGR of 7.23% during the forecast period, to surpass USD 5,414.9 million by the end of 2027. The global market growth is attributed to the rising number of physically challenged and geriatric populations worldwide.
The global electric wheelchair market is expected to register a significant market expansion during the review period. Electric wheelchairs are used by elderly and disabled people, as they face difficulties to operate a manual wheelchair effectively. However, the high cost, larger size, high maintenance, and repair are expected to restrain the global market during the review period.
Market Segmentation
Global Electric Wheelchair Market has been classified into Type and End User.
In terms of type segment, the global electric wheelchair market has been classified into center wheel drive chair, front-wheel drive chair, and rear-wheel drive chair. The center wheel drive chair segment is expected to drive the largest market share owing to the rising adoption of center wheel drive electrical wheel. Additionally, these wheelchairs have more benefits over manual wheelchairs such as, increased travel distance, the minimalized effort for mobilization, and making users independent to carry out daily activities.
Based on the End-User segment, the Global Electric wheelchair Market has been segmented into Home Care Settings, Hospitals & Clinics, and Others.
Regional Analysis
Geographically, the Global Electric Wheelchair Market has been classified into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is likely to command the global market because of the high purchasing rate of electric wheelchairs in the region and technological advancements in electric wheelchairs. The regional market has been divided into North America and Latin America, with the North American market further bifurcated into the US and Canada.
The European electric wheelchair market has been segmented into Western Europe and Eastern Europe. The Western Europe electric wheelchair market has further been divided into Germany, France, the UK, Italy, Spain, and the rest of Western Europe. Europe is expected to register the second largest market for the global electric wheelchair during the review period owing to the favorable government initiatives and a large target population base, because of the rising number of physically challenged people in the region.
The electric wheelchair Market in Asia-Pacific has been classified into China, India, Japan, South Korea, Australia, and the Rest of Asia-Pacific. Asia-Pacific is expected to register the fastest market growth potential over the forecast period owing to rising per capita health spending, emerging of the healthcare sector in China, India, and Australia, growing investments in the Asia-Pacific region by manufacturers to expand their product portfolio are propelling the growth of the regional market growth in future.
The Middle East & Africa electric wheelchair market has been classified into the Middle East and Africa. The prevalence of orthopedics disorders and funding by private players and government bodies is expected to propel the market growth in this region.
Major Players
The Key Players in the Global Electric Wheelchair Market are GF Health Products, Inc. (US), Sunrise Medical (Germany), Quantum Rehab (US), Permobil AB (Sweden), Pride Mobility Products Corp (US), Invacare Corporation, Drive Medical (US), Ottobock (Germany), Levo AG (Switzerland), and Karman Healthcare, Inc. (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENT 1 EXECUTIVE SUMMARY 1.1 OVERVIEW 13 1.2 MARKET ATTRACTIVENESS ANALYSIS 14 1.2.1 GLOBAL ELECTRIC WHEELCHAIR MARKET, BY TYPE 14 1.2.2 GLOBAL ELECTRIC WHEELCHAIR MARKET, BY END USER 15 1.2.3 GLOBAL ELECTRIC WHEELCHAIR MARKET, BY REGION 16 2 MARKET INTRODUCTION 2.1 SCOPE OF THE STUDY 17 2.2 RESEARCH OBJECTIVE 17 2.3 MARKET STRUCTURE 17 2.4 ASSUMPTIONS & LIMITATIONS 18 3 RESEARCH METHODOLOGY 3.1 DATA MINING 19 3.2 SECONDARY RESEARCH 20 3.3 PRIMARY RESEARCH 21 3.4 BREAKDOWN OF PRIMARY RESPONDENTS 22 3.5 FORECASTING TECHNIQUES 23 3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 24 3.6.1 BOTTOM-UP APPROACH 25 3.6.2 TOP-DOWN APPROACH 25 3.7 DATA TRIANGULATION 26 3.8 VALIDATION 26 4 MARKET DYNAMICS 4.1 INTRODUCTION 27 4.2 DRIVERS 28 4.2.1 INCREASING GERIATRIC POPULATION 28 4.2.2 INCREASE IN CASES OF ACCIDENTS AND NEUROLOGICAL CONDITIONS 28 4.2.3 TECHNOLOGICAL AND SCIENTIFIC ADVANCES 28 4.2.4 DRIVERS IMPACT ANALYSIS 29 4.3 RESTRAINT 29 4.3.1 HIGH COST 29 4.3.2 UNFAVOURABLE REIMBURSEMENT POLICIES 29 4.3.3 RESTRAINT IMPACT ANALYSIS 30   4.4 OPPORTUNITIES 30 4.4.1 PRODUCT LAUNCHES 30 4.4.2 MERGERS & ACQUISITIONS 30 4.4.3 BUSINESS EXPANSIONS 30 5 MARKET FACTOR ANALYSIS 5.1 VALUE CHAIN 31 5.1.1 R&D AND DESIGNING 31 5.1.2 MANUFACTURING 31 5.1.3 DISTRIBUTION AND SALES 32 5.1.4 POST-SALES REVIEW 32 5.2 PORTER'S FIVE FORCES MODEL 33 5.2.1 THREAT OF NEW ENTRANTS 33 5.2.2 BARGAINING POWER OF SUPPLIERS 34 5.2.3 BARGAINING POWER OF BUYERS 34 5.2.4 THREAT OF SUBSTITUTES 34 5.2.5 INTENSITY OF RIVALRY 34 5.3 IMPACT OF COVID-19 ON THE GLOBAL ELECTRIC WHEELCHAIR MARKET 35 5.3.1 IMPACT ON THE GROWTH OF THE MARKET 35 5.3.2 IMPACT ON MAJOR MANUFACTURERS 35 5.3.3 IMPACT OF DECLINED SURGERIES ON HOSPITALS 35 5.3.4 IMPACT ON SUPPLY CHAIN 35 5.3.5 IMPACT ON DEMAND 35 6 GLOBAL ELECTRIC WHEELCHAIR MARKET, BY TYPE 6.1 INTRODUCTION 36 6.2 CENTER WHEEL DRIVE CHAIR 37 6.3 FRONT WHEEL DRIVE CHAIR 38 6.4 REAR WHEEL DRIVE CHAIR 38 7 GLOBAL ELECTRIC WHEELCHAIR MARKET, BY END USER 7.1 OVERVIEW 39 7.2 HOME CARE SETTINGS 40 7.3 HOSPITALS AND CLINICS 40 7.4 OTHERS 40 8 GLOBAL ELECTRIC WHEELCHAIR MARKET, BY REGION 8.1 INTRODUCTION 41 8.2 AMERICAS 42 8.2.1 NORTH AMERICA 43 8.2.1.1 US 45 8.2.1.2 CANADA 46 8.2.2 LATIN AMERICA 46 8.3 EUROPE 48 8.3.1 WESTERN EUROPE 49 8.3.1.1 GERMANY 51 8.3.1.2 FRANCE 51 8.3.1.3 UK 52 8.3.1.4 ITALY 53 8.3.1.5 SPAIN 53 8.3.1.6 REST OF WESTERN EUROPE 54 8.3.2 EASTERN EUROPE 55 8.4 ASIA-PACIFIC 56 8.4.1 CHINA 57 8.4.2 INDIA 58 8.4.3 JAPAN 59 8.4.4 AUSTRALIA 59 8.4.5 SOUTH KOREA 60 8.4.6 REST OF ASIA-PACIFIC 61 8.5 MIDDLE EAST & AFRICA 62 8.5.1 MIDDLE EAST 63 8.5.2 AFRICA 64 9 COMPETITIVE LANDSCAPE 9.1 OVERVIEW 65 9.2 COMPETITIVE BENCHMARKING 66 9.3 GLOBAL ELECTRIC WHEELCHAIR MARKET: COMPANY RANKING, 2019 67 9.4 MAJOR GROWTH STRATEGY IN THE GLOBAL ELECTRIC WHEELCHAIR MARKET 67 9.5 LEADING PLAYERS IN TERMS OF NUMBER OF DEVELOPMENTS 68 9.6 KEY DEVELOPMENTS & GROWTH STRATEGIES 68 9.6.1 PRODUCT APPROVALS AND LAUNCHES 68 9.6.2 ACQUISITIONS & ESPANSION 70 10 COMPANY PROFILES 10.1 INVACARE CORPORATION 71 10.1.1 COMPANY OVERVIEW 71 10.1.2 FINANCIAL OVERVIEW 71 10.1.3 PRODUCTS/SERVICES OFFERED 72 10.1.4 KEY DEVELOPMENTS 72 10.1.5 SWOT ANALYSIS 73 10.1.6 KEY STRATEGIES 73 10.2 SUNRISE MEDICAL 74 10.2.1 COMPANY OVERVIEW 74 10.2.2 FINANCIAL OVERVIEW 74 10.2.3 PRODUCTS/SERVICES OFFERED 74 10.2.4 KEY DEVELOPMENTS 75 10.2.5 SWOT ANALYSIS 76 10.2.6 KEY STRATEGIES 76 10.3 QUANTUM REHAB 77 10.3.1 COMPANY OVERVIEW 77 10.3.2 FINANCIAL OVERVIEW 77 10.3.3 PRODUCTS/SERVICES OFFERED 77 10.3.4 KEY DEVELOPMENTS 78 10.3.5 SWOT ANALYSIS 79 10.3.6 KEY STRATEGIES 79 10.4 DRIVE MEDICAL 80 10.4.1 COMPANY OVERVIEW 80 10.4.2 FINANCIAL OVERVIEW 80 10.4.3 PRODUCTS/SERVICES OFFERED 80 10.4.4 KEY DEVELOPMENTS 81 10.4.5 SWOT ANALYSIS 81 10.4.6 KEY STRATEGIES 81 10.5 PRIDE MOBILITY PRODUCTS CORP. 82 10.5.1 COMPANY OVERVIEW 82 10.5.2 FINANCIAL OVERVIEW 82 10.5.3 PRODUCTS/SERVICES OFFERED 82 10.5.4 KEY DEVELOPMENTS 83 10.5.5 SWOT ANALYSIS 83 10.5.6 KEY STRATEGIES 84 10.6 KARMAN HEALTHCARE, INC. 85 10.6.1 COMPANY OVERVIEW 85 10.6.2 FINANCIAL OVERVIEW 85 10.6.3 PRODUCTS/SERVICES OFFERED 85 10.6.4 KEY DEVELOPMENTS 86 10.6.5 SWOT ANALYSIS 86 10.6.6 KEY STRATEGIES 86 10.7 GF HEALTH PRODUCTS, INC. 87 10.7.1 COMPANY OVERVIEW 87 10.7.2 FINANCIAL OVERVIEW 87 10.7.3 PRODUCTS/SERVICES OFFERED 87 10.7.4 KEY DEVELOPMENTS 87 10.7.5 SWOT ANALYSIS 88 10.7.6 KEY STRATEGIES 88 10.8 OTTOBOCK 89 10.8.1 COMPANY OVERVIEW 89 10.8.2 FINANCIAL OVERVIEW 89 10.8.3 PRODUCTS/SERVICES OFFERED 89 10.8.4 KEY DEVELOPMENTS 89 10.8.5 SWOT ANALYSIS 90 10.8.6 KEY STRATEGIES 90 10.9 LEVO AG 91 10.9.1 COMPANY OVERVIEW 91 10.9.2 FINANCIAL OVERVIEW 91 10.9.3 PRODUCTS/SERVICES OFFERED 91 10.9.4 KEY DEVELOPMENTS 91 10.9.5 SWOT ANALYSIS 92 10.9.6 KEY STRATEGIES 92 10.10 PERMOBIL AB 93 10.10.1 COMPANY OVERVIEW 93 10.10.2 FINANCIAL OVERVIEW 93 10.10.3 PRODUCTS/SERVICES OFFERED 94 10.10.4 KEY DEVELOPMENTS 95 10.10.5 SWOT ANALYSIS 95 10.10.6 KEY STRATEGIES 96 11 APPENDIX 11.1 REFERENCES 97 11.2 RELATED REPORTS 97

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