Wheelchair Market Segmentation:
Product (Manual, Smart, Powered/Electronic)
The powered/electronic wheelchair segment is estimated to gain the largest wheelchair market share over the projected time frame. The growth can be attributed to the ease of use of electronic wheelchairs, especially for older people, as manual wheelchairs are not equipped with batteries and need to be operated manually. Opposed to manual wheelchairs, electric wheelchairs 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 boosting the demand for powered wheelchairs. In March 2023, Golden Technologies launched two lightweight foldable power wheelchairs, GP301 Stride and GP302 Cricket expanding their mobility product base. These products are portable, stylish, lightweight, and easy to drive.
Verticals (Handicapped, Neurologically Impaired, Others)
The handicapped segment in wheelchair market is likely to register rapid CAGR throughout the forecast period owing to the rising number of patients suffering from mobility disorders such as muscular dystrophy, arthritis, cerebral palsy, stroke, or even amputation, and increasing aging population across the globe. Several key players are launching wheelchairs integrated with advanced technologies such as AI and IoT to help differently-abled people navigate in different environments. For instance, Invacare Corporation in August 2021, introduced Invacare AVIVA STORM RX, a next-generation rear wheel drive power wheelchair. This wheelchair is equipped with advanced technologies such as pre-set programming parameters, live wireless programming, and ASL specialty controls to enhance the functionality of the wheelchair.
Our in-depth analysis of the global wheelchair market includes the following segments:
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