Wheelchair Market Is Anticipated To Grow At A Cagr Of 5.8% During 2020-2025

By Author: Lucintel LLC
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The global wheelchair market is projected to reach $7.4 billion by 2025, at a CAGR of 5.8% during 2020-2025. The growth of wheelchair market is driven by growing elderly population, rising spinal cord injuries, and increasing obesity rate.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the wheelchair market by product (manual and power wheelchair), category (adult and pediatric wheelchair), function (basic, sports, bariatric, standing wheelchair, and others), end use (homecare and healthcare institution and others), and region (North America, Europe, Asia Pacific (APAC), and the Rest of the World (ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the wheelchair market?
Q.4 What are some changing demands of customers in the wheelchair market?
Q.5 What are the new developments in the wheelchair market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
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... Q.7 What are some of the competitive products and processes in this wheelchair area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this wheelchair market?
Emerging trends, which have a direct impact on the dynamics of the industry, include increase adoption of power assistance device and development of hybrid concept wheelchair.
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Market Segmentation:
Based on product, the wheelchair market is segmented into manual and power wheelchair. The power wheelchair segment is accounted for the largest share of the market in 2020 due to increasing demand for multi-functionality wheelchair, such as tilt in, reclining, and standing wheelchair.
North America is expected to be the largest region over the forecast period due to an increasing obesity rate and growing elderly population. Asia Pacific is expected to witness the highest growth rate over the forecast period due to increasing government healthcare expenditure, rising disabled population, and increasing in development of medical facilities.
Key Players in the wheelchair market are Invacare Corporation, Pride Mobility Products Corporation, Sunrise Medical Limited, OttoBock Healthcare GmbH,Permobil AB and others.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/wheelchair-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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