Electric wheelchairs are motorized chairs or powered wheelchairs used by the disabled and elderly for mobility purposes. These wheelchairs are operated by human battery and require no human assistance. The global electric wheelchair market report by Market Research Future (MRFR) comprises drivers, hurdles, opportunities, and trends for the period of 2018 to 2023 (forecast period). The impact of the COVID-19 pandemic on the industry has been included in the report.
Electric Wheelchair Market Scope
The global electric wheelchair market is poised for a staggering growth over the forecast period. The demand for automated medical devices for travelling purposes can facilitate the market growth. Advantages of electric wheelchairs for enabling patients to travel distances without physical exertion and ease of use can attract disabled people. The number of injuries caused by vehicle accidents and the rising number of the elderly increasing gradually can work in favor of the market.
Get a FREE Sample with Complete TOC By Considering the COVID-19 impact on Global Market @ https://www.marketresearchfuture.com/sample_request/6618
New features that are in-built in latest iterations of electric wheelchairs which assist in navigation of the vehicle can favor the market greatly. The inclusion of speech and vision sensors is prime examples of the technological strides in electric wheelchair production. Introduction of new models such as the Pegasus II by Foldawheel can allow the person to move up and down frequently and also serving as a rehabilitation therapy. It has applications in rehab centers and hospitals. The outbreak of the COVID-19 pandemic has led to guidelines being issued for users for disinfection of the vehicle.
But high costs of production and complexities pertaining to its maintenance can restrain market growth.
Electric Wheelchair Market Segmentation
The primary types of electric wheelchairs that are covered in the report are standing electric wheelchair, electric indoor chair, electric outdoor chair, rear wheel drive chair, front wheel drive chair, dual purpose chair, center wheel drive chair, and others. End users discussed in the report are home care setting, hospital/clinics and others.
Electric Wheelchair Market Regional Analysis
The Americas, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC) are regions considered for the global electric wheelchair market.
The Americas is expected to dominate the market throughout the forecast period owing to awareness of the vehicle, affordability by veterans and elderly, and inclination towards advanced devices. Medical reimbursement schemes and government programs for assisting the disabled can open up new avenues for the market.
Europe is projected to showcase similar growth in the global electric wheelchair market due to investments in research and development. The rise in number of physically challenged according to a survey by the Family Resources Survey for 2016 to 2017 can act as a catalyst. On the other hand, APAC can exhibit a robust growth rate during the forecast period due to a slew of electric wheelchair products, rise in purchasing power of individuals, and interest in investment in China and India. Raising of capital by venture capital firms is likely to influence the regional electric wheelchair market.
Electric Wheelchair Market Competitive Outlook
GF Health Products Inc., Permobil AB, Medical Depot, Inc., Whill Inc., Hoveround Corporation, 21st Century SCIENTIFIC Inc., OttoBock Healthcare GmbH, Pride Mobility Products Corp, Drive Medical Ltd., Quantum Rehab, LEVO Ag, MEYRA GmbH, Karman Healthcare, Invacare Corporation, and Sunrise Medical Limited are key players of the global electric wheelchair market.
Obtain Premium Research Report Details, Considering the impact of COVID-19 @ https://www.marketresearchfuture.com/reports/electric-wheelchair-market-6618
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
NOTE: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required we will be considering covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: www.marketresearchfuture.com/reports/electric-wheelchair-market-6618
Press Release Distributed by ABNewswire.com
To view the original version on ABNewswire visit: Covid-19 Impact on Electric Wheelchair Market Growth 2020, Global Industry Analysis, Demand Overview, Insights, Technology Developments, Top Company Profile, Key Regions
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
