Global Wheelchairs Market Positive Long-Term Growth Outlook 2018-2026
The Global Wheelchairs Market was valued at US$ 4,390.4 million in 2016 and is expected to witness a robust CAGR of 15% during the forecast period (2017-2025). Wheelchairs are primarily designed for disable individuals for the ease of indoor and outdoor locomotion purpose.
The Global Wheelchairs Market was valued at US$ 4,390.4 million in 2016 and is expected to witness a robust CAGR of 15% during the forecast period (2017-2025). Wheelchairs are primarily designed for disable individuals for the ease of indoor and outdoor locomotion purpose.
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market is expected to show high growth rate in Asia-Pacific region over the forecast period as Asia<br />
consist of 60% of the world’s current population.<br />
Competitive Analysis<br />
Key players operating the Wheelchair market includes Invacare Corporation, Sunrise Medical LLC,<br />
Ottobock Healthcare, 21st Century Scientific, Inc., Permobil AB, Pride Mobility Products Corporation,<br />
LEVO AG, GF Health Products, Inc., MEYRA GmbH, Hoveround Corporation, Aquila Corporation,<br />
Aspen Seating, Drive Medical, Eagle Sportschairs LLC., EASE Seating System, and Medical Depot<br />
Incorporation.<br />
Increase in disability is expected to fuel the <strong>Wheelchairs</strong> market in near future<br />
According to Center for Disease Control and Prevention (CDC), which is the leading national public<br />
health institute of the United States, 18.2 million adults in the U.S. have disability in walking in present<br />
year 2017 which expected to favor the growth of wheelchair market in the U.S. Additionally, CDC had<br />
estimated that, 54.4 million U.S. adults are annually diagnosed with some form of arthritis, which<br />
increases the risk of fall and injury, in turn fueling the growth of wheelchairs market. Spinal injury<br />
resulting into disability also favors the market for wheelchairs. According to National Spinal Cord<br />
Injury Statistical Center report 2016, in the U.S. around 314 million people suffer from spinal cord<br />
injury, leading to disability with increasing the demand for wheelchairs.