Forecast Increase in Revenue:
The 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:
Maximize Market Research, a leading business research firm, has released an insightful report on the “Electric Wheelchair Market.” This comprehensive study offers an in-depth analysis of industry trends, including business insights, demand dynamics, pricing strategies, and the competitive landscape, covering the forecast period extensively.
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Electric Wheelchair Market Report Scope and Research Methodology:
The report offers a thorough examination of the Electric Wheelchair Market, encompassing segmental analysis, significant developments, market dynamics, and the competitive landscape. Data for this study has been gathered through both primary and secondary research methods, including government publications, news articles, and corporate annual reports. It includes an evaluation of major players in the Electric Wheelchair Market, recent innovations, and notable mergers and acquisitions. Visual representations within the report illustrate import/export data, leading market players, market share, and revenue figures. Additionally, the report provides an overview of the drivers, challenges, opportunities, and trends influencing the Electric Wheelchair Market.
Electric Wheelchair Market Segmentation:
Because of its multifunctionality and multifaceted approach, center wheel drive led the way in the global electric wheelchair market in terms of product type, accounting for over 39.55% of revenue in 2022. The wheelchair's stability and balance are enhanced when all of the wheels are moved with a uniform torque. It also demonstrates greater resilience than other types of systems.
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
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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)
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Electric Wheelchair Market Regional Insights:
APAC: The frequency of traffic accidents has increased throughout Asia Pacific, with the exception of Japan, due to the growing use of automobiles in countries such as China, India, South Korea, and others. For example, the National Crime Records Bureau states that in India in 2019, there were nearly 467,171 vehicle accidents recorded, with about 181,113 fatalities. The rise in traffic accidents has resulted in a greater number of immobility patients, which is increasing demand for electric wheelchairs outside of Japan in the Asia Pacific market.
Key questions answered in the Electric Wheelchair Market are:
- What recent industry trends can be leveraged to create additional revenue streams in the Electric Wheelchair Market?
- Which segments are included in the Electric Wheelchair Market?
- Who are the leading companies in the Electric Wheelchair Market, and what are their portfolios?
- What is the Electric Wheelchair Market?
- What was the size of the Electric Wheelchair Market in the past?
- What is the current growth rate of the Electric Wheelchair Market?
- What factors are anticipated to drive growth in the Electric Wheelchair Market?
- Who are the key players in the Electric Wheelchair Market?
- What are the different segments within the Electric Wheelchair Market?
- What growth strategies are companies adopting to enhance their presence in the Electric Wheelchair Market?
- What are the emerging industry applications and trends in the Electric Wheelchair Market?
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