Published :
Tables : 43
Figures : 46
Category : Healthcare
No. of Pages : 237
Report Code : HC-1309
Wheelchairs market is poised to value USD 7321.09 million by 2028 end at a CAGR of 7.2% during the forecast period 2022 to 2028. An increase in disabled population alongside increasing geriatric population are the key factors burgeoning the wheelchairs market size. Technological advancements have led to rapid adoption of advanced wheelchairs thus resulting in expansion of the market. Improving healthcare infrastructure coupled with favorable reimbursement policies is bolstering the market. For instance, Medicare Part B covers wheelchairs like DME, where user or patient is required to pay 20% of the Medicare-approved amount and the remaining amount is paid by Medicare, alongside the submission of a written order from the doctor stating the need for a wheelchair at home. The market is bifurcated into by category, by end-users, and by region. On the basis of product, standing wheelchair holds a major market share. Standing wheelchair is affordable, lightweight and offers non-dependability on charging. It offers comfort to the user as well. All these features have resulted in a rapid demand for standing wheelchair thus inflating the market share. Increasing awareness about initiatives taken by governments to promote games such as Paralympics is expected to increase the demand the sports wheelchairs. Based on end-users, the homecare segment is expected to control the growth of the market. Wheelchairs at home offer convenience and complete freedom of movement to the patient. It also improves daily quality of life of the users. Owing to these features the segment is expected to see notable growth over the coming years. In terms of region, North America is the front runner of the market. Factors such as the increase in the prevalence of osteoporosis, lifestyle diseases, and the geriatric population are bolstering the presence of the market in the region. Baby boomers are one of the major factors promoting the growth of the market in the region. As per the U.S Census Bureau, all baby boomers are expected to age more than 65 by 2030, thus resulting in inflation of wheelchairs market size. The Asia-Pacific region represents a lucrative opportunity for the manufacturers owing to the increasing disposable and rapid adoption of advanced wheelchairs in the region. Increasing geriatric population in nations like Japan and China alongside the increasing presence of developed healthcare infrastructure in nations like India and China is expected to fuel the wheelchairs market growth in the region. Prominent players of the market are: Ottobock, GF Health Products, Inc., Invacare Corporation, Pride Mobility Products Corp., Carex Health Brands, Drive Medical Design & Manufacturing, Sunrise Medical Limited, Quantum Rehab, Karman Healthcare. Competitive Landscape: Pride Mobility Products Corp. in 2018 launched a Q6 Edge 2.0 powered wheelchair. It is expected to meet the performance needs of active users Wheelchairs Market Segmentation : By Type Manual Powered By Application Standard Wheelchair Bariatric Wheelchair Sports Wheelchair Others By End User Personal User Institutional User By Region North America Europe Asia Pacific Latin America Rest of the World FutureWise Key Takeaways: Growth Prospects SWOT Analysis Key Trends Key data-points affecting market growth Objectives of the Study: To provide with an exhaustive analysis on the market by type, by application by end-user and by region. To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) Evaluate and forecast micro-markets and the overall market To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and the rest of the world To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions Profiling of companies to evaluate their market shares, strategies, financial and core competencies Flexible Delivery Model: We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement The customization Mobility Care offered are free of charge with purchase of any license of the report You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com
An increase in disabled population alongside increasing geriatric population are the key factors burgeoning the wheelchairs market size. Technological advancements have led to rapid adoption of advanced wheelchairs thus resulting in expansion of the market. Improving healthcare infrastructure coupled with favorable reimbursement policies is bolstering the market. For instance, Medicare Part B covers wheelchairs like DME, where user or patient is required to pay 20% of the Medicare-approved amount and the remaining amount is paid by Medicare, alongside the submission of a written order from the doctor stating the need for a wheelchair at home.
The market is bifurcated into by category, by end-users, and by region. On the basis of product, standing wheelchair holds a major market share. Standing wheelchair is affordable, lightweight and offers non-dependability on charging. It offers comfort to the user as well. All these features have resulted in a rapid demand for standing wheelchair thus inflating the market share. Increasing awareness about initiatives taken by governments to promote games such as Paralympics is expected to increase the demand the sports wheelchairs.
Based on end-users, the homecare segment is expected to control the growth of the market. Wheelchairs at home offer convenience and complete freedom of movement to the patient. It also improves daily quality of life of the users. Owing to these features the segment is expected to see notable growth over the coming years.
In terms of region, North America is the front runner of the market. Factors such as the increase in the prevalence of osteoporosis, lifestyle diseases, and the geriatric population are bolstering the presence of the market in the region. Baby boomers are one of the major factors promoting the growth of the market in the region. As per the U.S Census Bureau, all baby boomers are expected to age more than 65 by 2030, thus resulting in inflation of wheelchairs market size.
The Asia-Pacific region represents a lucrative opportunity for the manufacturers owing to the increasing disposable and rapid adoption of advanced wheelchairs in the region. Increasing geriatric population in nations like Japan and China alongside the increasing presence of developed healthcare infrastructure in nations like India and China is expected to fuel the wheelchairs market growth in the region.
Prominent players of the market are: Ottobock, GF Health Products, Inc., Invacare Corporation, Pride Mobility Products Corp., Carex Health Brands, Drive Medical Design & Manufacturing, Sunrise Medical Limited, Quantum Rehab, Karman Healthcare.
Competitive Landscape:
Pride Mobility Products Corp. in 2018 launched a Q6 Edge 2.0 powered wheelchair. It is expected to meet the performance needs of active users
Wheelchairs Market Segmentation :
By Type
By Application
By End User
By Region
FutureWise Key Takeaways:
Objectives of the Study:
Flexible Delivery Model:
1. Market Introduction 1.1. Objectives of the Study 1.2. Market Definition 1.3. Market Scope 1.3.1. Years Considered for the Study 1.3.2. Market Covered 1.4. Currency 1.5. Limitations 1.6. Stakeholders 2. Research Methodology 2.1. Research Data 2.1.1. Secondary Data 2.1.1.1. Key Data from Secondary Sources 2.1.2. Primary Data 2.1.2.1. Key Data from Primary Sources 2.2. Market Size Estimation 2.3. Market Breakdown and Data Triangulation 2.4. Assumptions for the Study 3. Executive Summary 3.1. Market Outlook 3.2. Segment Outlook 3.3. Competitive Insights 4. Wheelchairs Market Variables, Trends & Scope 4.1. Market Lineage Outlook 4.2. Penetration and Growth Prospect Mapping 4.3. Industry Value Chain Analysis 4.4. Cost Analysis Breakdown 4.5. Technology Overview 4.6. Regulatory Framework 4.6.1. Reimbursement Framework 4.6.2. Standards and Compliances 5. Market Overview 5.1. Market Dynamics 5.1.1. Market Driver Analysis 5.1.1.1. Increasing focus of Wheelchairs Market Companies on Brand Protection 5.1.1.2. Untapped Opportunities in Emerging Regions 5.1.2. Market Restraint Analysis 5.1.2.1. High Cost Associated with Implementation of Predictive Analysis 5.1.3. Industry Challenges 5.1.3.1. Presence of Ambiguous Regulatory Framework 6. Wheelchairs Market Analysis Tools 6.1. Industry Analysis - Porter’s 6.1.1. Supplier Power 6.1.2. Buyer Power 6.1.3. Substitution Threat 6.1.4. Threat from New Entrants 6.1.5. Competitive Rivalry 6.2. Pestel Analysis 6.2.1. Political Landscape 6.2.2. Environmental Landscape 6.2.3. Social Landscape 6.2.4. Technology Landscape 6.2.5. Legal Landscape 6.3. Major Deals And Strategic Alliances Analysis 6.3.1. Joint Ventures 6.3.2. Mergers and Acquisitions 6.3.3. Licensing and Partnership 6.3.4. Technology Collaborations 6.3.5. Strategic Divestments 6.4. Market Entry Strategies 6.5. Case Studies 7. Wheelchairs Market, By Type Historical Analysis and Forecast 2022-2028 (USD Million) 7.1. Manual 7.2. Powered 8. Wheelchairs Market, By Application Historical Analysis and Forecast 2022-2028 (USD Million) 8.1. Standard Wheelchair 8.2. Bariatric Wheelchair 8.3. Sports Wheelchair 8.4. Others 9. Wheelchairs Market, By End User Historical Analysis and Forecast 2022-2028 (USD Million) 9.1. Personal User 9.2. Institutional User 10. North America Wheelchairs Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million) 10.1. Introduction 10.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 10.2.1. U.S.A 10.2.2. Canada 10.2.3. Mexico 10.3. Market Size (USD Million) Forecast for North America 2022-2028 11. Latin America Wheelchairs Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million) 11.1. Introduction 11.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 11.2.1. Brazil 11.2.2. Venezuela 11.2.3. Argentina 11.2.4. Rest of Latin America 11.3. Market Size (USD Million) Forecast for Latin America 2022-2028 12. Europe Wheelchairs Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million) 12.1. Introduction 12.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 12.2.1. Germany 12.2.2. U.K 12.2.3. France 12.2.4. Italy 12.2.5. Spain 12.2.6. Russia 12.2.7. Poland 12.2.8. Rest of Europe 12.3. Market Size (USD Million) Forecast for Europe 2022-2028 13. Asia Pacific Wheelchairs Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million) 13.1. Introduction 13.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 13.2.1. Japan 13.2.2. China 13.2.3. India 13.2.4. Australia and New Zealand 13.2.5. ASEAN 13.2.6. Rest of Asia Pacific 13.3. Market Size (USD Million) Forecast for Asia Pacific 2022-2028 14. Middle East and Africa Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million) 14.1. Introduction 14.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 14.2.1. GCC 14.2.2. Israel 14.2.3. South Africa 14.2.4. Rest of MEA 14.3. Market Size (USD Million) Forecast for MEA 2022-2028 15. Market Share Analysis and Competitive Landscape 15.1. Global Landscape - Key Players, Revenue and Presence 15.2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3) 15.3. Global Emerging Companies 15.4. North America - Market Share Analysis and Key Regional Players 15.5. Europe - Market Share Analysis and Key Regional Players 15.6. Asia Pacific - Market Share Analysis and Key Regional Players 15.7. Global Key Player - Growth Matrix 16. Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts) 16.1. Ottobock 16.1.1. Company Overview 16.1.2. Product Portfolio 16.1.3. SWOT Analysis 16.1.4. Financial Overview 16.1.5. Strategic Overview 16.2. GF Health Products, Inc. 16.2.1. Company Overview 16.2.2. Product Portfolio 16.2.3. SWOT Analysis 16.2.4. Financial Overview 16.2.5. Strategic Overview 16.3. Invacare Corporation 16.3.1. Company Overview 16.3.2. Product Portfolio 16.3.3. SWOT Analysis 16.3.4. Financial Overview 16.3.5. Strategic Overview 16.4. Pride Mobility Products Corp. 16.4.1. Company Overview 16.4.2. Product Portfolio 16.4.3. SWOT Analysis 16.4.4. Financial Overview 16.4.5. Strategic Overview 16.5. Carex Health Brands 16.5.1. Company Overview 16.5.2. Product Portfolio 16.5.3. SWOT Analysis 16.5.4. Financial Overview 16.5.5. Strategic Overview 16.6. Drive Medical Design & Manufacturing 16.6.1. Company Overview 16.6.2. Product Portfolio 16.6.3. SWOT Analysis 16.6.4. Financial Overview 16.6.5. Strategic Overview 16.7. Sunrise Medical Limited 16.7.1. Company Overview 16.7.2. Product Portfolio 16.7.3. SWOT Analysis 16.7.4. Financial Overview 16.7.5. Strategic Overview 16.8. Quantum Rehab 16.8.1. Company Overview 16.8.2. Product Portfolio 16.8.3. SWOT Analysis 16.8.4. Financial Overview 16.8.5. Strategic Overview 16.9. Karman Healthcare 16.9.1. Company Overview 16.9.2. Product Portfolio 16.9.3. SWOT Analysis 16.9.4. Financial Overview 16.9.5. Strategic Overview 17. Pre and Post COVID-19 Impact 17.1. Positive influence on the healthcare industry 17.2. The financial disruption of the manufacturing sector 17.3. Impact of COVID-19 on emerging companies 17.4. Significant mandates in the regulations initiated by healthcare administrations 17.5. The overall economic slowdown of the developing and developed nations 18. FutureWise SME Key Takeaway Points for Client
1. Market Introduction 1.1. Objectives of the Study 1.2. Market Definition 1.3. Market Scope 1.3.1. Years Considered for the Study 1.3.2. Market Covered 1.4. Currency 1.5. Limitations 1.6. Stakeholders
2. Research Methodology 2.1. Research Data 2.1.1. Secondary Data 2.1.1.1. Key Data from Secondary Sources 2.1.2. Primary Data 2.1.2.1. Key Data from Primary Sources 2.2. Market Size Estimation 2.3. Market Breakdown and Data Triangulation 2.4. Assumptions for the Study
3. Executive Summary 3.1. Market Outlook 3.2. Segment Outlook 3.3. Competitive Insights
4. Wheelchairs Market Variables, Trends & Scope 4.1. Market Lineage Outlook 4.2. Penetration and Growth Prospect Mapping 4.3. Industry Value Chain Analysis 4.4. Cost Analysis Breakdown 4.5. Technology Overview 4.6. Regulatory Framework 4.6.1. Reimbursement Framework 4.6.2. Standards and Compliances
5. Market Overview 5.1. Market Dynamics 5.1.1. Market Driver Analysis 5.1.1.1. Increasing focus of Wheelchairs Market Companies on Brand Protection 5.1.1.2. Untapped Opportunities in Emerging Regions 5.1.2. Market Restraint Analysis 5.1.2.1. High Cost Associated with Implementation of Predictive Analysis 5.1.3. Industry Challenges 5.1.3.1. Presence of Ambiguous Regulatory Framework
6. Wheelchairs Market Analysis Tools 6.1. Industry Analysis - Porter’s 6.1.1. Supplier Power 6.1.2. Buyer Power 6.1.3. Substitution Threat 6.1.4. Threat from New Entrants 6.1.5. Competitive Rivalry 6.2. Pestel Analysis 6.2.1. Political Landscape 6.2.2. Environmental Landscape 6.2.3. Social Landscape 6.2.4. Technology Landscape 6.2.5. Legal Landscape 6.3. Major Deals And Strategic Alliances Analysis 6.3.1. Joint Ventures 6.3.2. Mergers and Acquisitions 6.3.3. Licensing and Partnership 6.3.4. Technology Collaborations 6.3.5. Strategic Divestments 6.4. Market Entry Strategies 6.5. Case Studies
7. Wheelchairs Market, By Type Historical Analysis and Forecast 2022-2028 (USD Million) 7.1. Manual 7.2. Powered
8. Wheelchairs Market, By Application Historical Analysis and Forecast 2022-2028 (USD Million) 8.1. Standard Wheelchair 8.2. Bariatric Wheelchair 8.3. Sports Wheelchair 8.4. Others
9. Wheelchairs Market, By End User Historical Analysis and Forecast 2022-2028 (USD Million) 9.1. Personal User 9.2. Institutional User
10. North America Wheelchairs Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million) 10.1. Introduction 10.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 10.2.1. U.S.A 10.2.2. Canada 10.2.3. Mexico 10.3. Market Size (USD Million) Forecast for North America 2022-2028
11. Latin America Wheelchairs Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million) 11.1. Introduction 11.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 11.2.1. Brazil 11.2.2. Venezuela 11.2.3. Argentina 11.2.4. Rest of Latin America 11.3. Market Size (USD Million) Forecast for Latin America 2022-2028
12. Europe Wheelchairs Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million) 12.1. Introduction 12.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 12.2.1. Germany 12.2.2. U.K 12.2.3. France 12.2.4. Italy 12.2.5. Spain 12.2.6. Russia 12.2.7. Poland 12.2.8. Rest of Europe 12.3. Market Size (USD Million) Forecast for Europe 2022-2028
13. Asia Pacific Wheelchairs Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million) 13.1. Introduction 13.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 13.2.1. Japan 13.2.2. China 13.2.3. India 13.2.4. Australia and New Zealand 13.2.5. ASEAN 13.2.6. Rest of Asia Pacific 13.3. Market Size (USD Million) Forecast for Asia Pacific 2022-2028
14. Middle East and Africa Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million) 14.1. Introduction 14.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 14.2.1. GCC 14.2.2. Israel 14.2.3. South Africa 14.2.4. Rest of MEA 14.3. Market Size (USD Million) Forecast for MEA 2022-2028
15. Market Share Analysis and Competitive Landscape 15.1. Global Landscape - Key Players, Revenue and Presence 15.2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3) 15.3. Global Emerging Companies 15.4. North America - Market Share Analysis and Key Regional Players 15.5. Europe - Market Share Analysis and Key Regional Players 15.6. Asia Pacific - Market Share Analysis and Key Regional Players 15.7. Global Key Player - Growth Matrix
16. Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts) 16.1. Ottobock 16.1.1. Company Overview 16.1.2. Product Portfolio 16.1.3. SWOT Analysis 16.1.4. Financial Overview 16.1.5. Strategic Overview 16.2. GF Health Products, Inc. 16.2.1. Company Overview 16.2.2. Product Portfolio 16.2.3. SWOT Analysis 16.2.4. Financial Overview 16.2.5. Strategic Overview 16.3. Invacare Corporation 16.3.1. Company Overview 16.3.2. Product Portfolio 16.3.3. SWOT Analysis 16.3.4. Financial Overview 16.3.5. Strategic Overview 16.4. Pride Mobility Products Corp. 16.4.1. Company Overview 16.4.2. Product Portfolio 16.4.3. SWOT Analysis 16.4.4. Financial Overview 16.4.5. Strategic Overview 16.5. Carex Health Brands 16.5.1. Company Overview 16.5.2. Product Portfolio 16.5.3. SWOT Analysis 16.5.4. Financial Overview 16.5.5. Strategic Overview 16.6. Drive Medical Design & Manufacturing 16.6.1. Company Overview 16.6.2. Product Portfolio 16.6.3. SWOT Analysis 16.6.4. Financial Overview 16.6.5. Strategic Overview 16.7. Sunrise Medical Limited 16.7.1. Company Overview 16.7.2. Product Portfolio 16.7.3. SWOT Analysis 16.7.4. Financial Overview 16.7.5. Strategic Overview 16.8. Quantum Rehab 16.8.1. Company Overview 16.8.2. Product Portfolio 16.8.3. SWOT Analysis 16.8.4. Financial Overview 16.8.5. Strategic Overview 16.9. Karman Healthcare 16.9.1. Company Overview 16.9.2. Product Portfolio 16.9.3. SWOT Analysis 16.9.4. Financial Overview 16.9.5. Strategic Overview 17. Pre and Post COVID-19 Impact 17.1. Positive influence on the healthcare industry 17.2. The financial disruption of the manufacturing sector 17.3. Impact of COVID-19 on emerging companies 17.4. Significant mandates in the regulations initiated by healthcare administrations 17.5. The overall economic slowdown of the developing and developed nations
18. FutureWise SME Key Takeaway Points for Client
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