Wheelchair Market Analysis

Product (Manual, Smart, Powered/Electronic)

The global wheelchair market is segmented and analyzed for demand and supply by product into manual, smart, and powered/electronic wheelchair. Out of these sub-segments, the powered/electronic wheelchair segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the ease of use of electronic wheelchairs, especially for older people, as manual wheelchairs are not equipped with batteries and are needed to be operated manually. Opposed to manual wheelchairs, electric wheelchair run on a power source and can be operated by the patients themselves. Besides this, the radically increasing prevalence of chronic disorders is another major factor that is accelerating the growth of the market over the projected timeframe. For instance, the global prevalence of chronic diseases increased by 60% by the end of 2020 globally.

Verticals (Handicapped, Neurologically Impaired)

The global wheelchair market is also segmented and analyzed for demand and supply by verticals into handicapped, neurologically impaired, and others. Amongst these segments, the handicapped segment is expected to garner a significant share. The number of patients suffering from mobility disorders is increasing exponentially. Additionally, movement is stated to be one of the most common forms of disability. Handicapped people are unable to move their bodies in the desired manner and need additional assistance to make certain movements. In this case, wheelchairs are highly utilized by these people for general transportation. For instance, out of the nearly 1 billion residents of India, approximately 2% of them suffer from severe physical disabilities.

Our in-depth analysis of the global market includes the following segments: