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WHEELCHAIRS MARKET ANALYSIS

Wheelchairs Market, by Product Type Standard Manual Wheelchairs and Electronic Wheelchair), by Weight (Light Weight Wheelchairs and Heavy Weight Wheelchairs), by Modality (Pediatric Powered Wheelchairs and Adults Powered Wheelchairs), by End User (Hospitals & Clinics, Assisted Living Facilities, Rehabilitation Centers, Ambulatory Surgical Centers, Home Care Settings, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Aug 2024
  • Code : CMI457
  • Pages :156
  • Formats :
      Excel and PDF
  • Industry : Medical Devices

Regional Analysis

Wheelchairs Market Regional Insights

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North America has remained the largest regional market for wheelchairs globally with an estimated share of 39.3% in 2024. The presence of prominent manufacturers along with the advancements in technology has given North America an edge over other regions. Countries like the U.S. and Canada have witnessed growing needs for mobility assistance owing to a rapidly aging population as well as rising incidence of disability. The U.S. alone accounts for over half of the wheelchair users globally. According to estimates, around 4 million Americans depend on wheelchairs for their daily mobility needs. Majority of wheelchairs used in the country are imported from other nations. However, local manufacturers such as Invacare Corp., Sunrise Medical, Pride Mobility, and Ottobock dominate the domestic wheelchair industry through distribution of both complex rehab and basic mobility devices. Over the years, these players have invested heavily in R&D to develop innovative product designs and lightweight materials for enhanced user comfort and functionality.

Rising at a quicker pace, the Asia Pacific region has emerged as one of the fastest growing markets for wheelchairs worldwide. Countries like China, Japan, and India boast of having huge patient pool requiring assistive devices. This has attracted global market leaders to increase distribution networks and establish manufacturing facilities for catering to the rising demand. Moreover, lower production costs and availability of medical reimbursements have further boosted the adoption of wheelchairs across Asia Pacific. China specially has played a pivotal role in expanding export of wheelchairs to other global destinations on back of abundant skilled labor and presence of component suppliers. Meanwhile, manufacturers are also targeting younger demographics through launch of high-performance sports wheelchairs and custom designs in line with cultural influences. This will likely aid further penetration of wheelchairs for recreational uses rather than just medical needs.

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