Electric Wheelchair Market By Materials, By Product, By Preparation Method, By Application and By Geography Analysis - Forecast 2019 - 2024 www.industryarc.com
Electric Wheelchair Market 2019-2024
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Press Release According to the new market research report by IndustryARC titled “Electric wheelchair Market : By Type (Center Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Standing Electric Wheelchair, Rear Wheel Drive Electric Wheelchair, Others) & By Geography-Forecast (2018 – 2023)”, the market is driven by the increasing aging population coupled with the rise in the population who are in need of wheelchair that has been elevating the demand for these wheelchairs in the recent years. Browse 51 Market Tables, 176 Figures spread through 142 slides and an in-depth TOC on “ Electric wheelchair Market (2018 - 2023)” https://industryarc.com/Report/16307/electric-wheel-chair-market.html Americas held the largest market share in the Electric wheelchair Market Americas region holds the largest market share and growth in the Electric wheelchair Market, and is anticipated to reach $1.75 billion by 2023 at a CAGR of 11.8%. However, Europe witnesses the highest growth during the forecast period, and is expected to reach $1.57 billion by 2023 at a CAGR of 15.9%. U.S. is one of the technically advanced countries in the Americas region. According to National SCI database, the number of people in the U.S. who are alive with spinal cord injuries are about 282,000, and these factors will likely drive the demand for the market. Selected Impact Analysis done in the full report Surge in ageing demographic (population above 60 years age): The global increase in the ageing demographic is set to drive the electric wheel chair market in the future. The changing lifestyle of the old age population in developing economies preferring independent living, is set to witness prominent growth opportunity for the electric wheel chair market in the future. Growing rate of road traffic accidents in the APAC region: The gigantic population in this region is resulting in the significant increase in on-road vehicles. The busy lifestyle and tremendous road traffic in the rush hours are resulting in high speed driving amidst traffic jams. This single reason has intensified road accidents, leading to several cases of permanent disabilities as well. This is one of the major factors analyzed to drive the electric wheel chair market in this region. Blooming investments in the medical sector: The prominent increase in investments in the medical sector since the past decade is set to lead major breakthroughs. Biomechanics and mobility being one of the major fields has been witnessing numerous advancements to improve the comfort, agility, reliability of these mobility aids. The anatomy of the human body, especially for physically disabled patients, are more extensively examined to develop such wheelchairs which could provide more comfort and ease of operability for even severely disabled patients. This is set to drive the electric wheel chair market in the future. Increasing share of people with disability, illness and impairment: The gradual increase in population with long term illness, disability and impairment due to old age, accidents and hereditary, is poised to drive the electric wheel chair market in the future. And this is further set to be assisted by the growing public awareness of powered mobility aids in the developing economies, with a higher share of disabled population.
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Growing healthcare expenditure in developing economies: The increasing disposable income
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of the middle class population in the developing economies is resulting in the significant increase in the healthcare expenditures. Along with the patients with critical physical disability, non-disabled old age population are gradually adopting electric wheel chairs in order to be selfdependent in their daily activities. This is set to propel the electric wheel chair market growth during the forecast period 2017-2022. High Cost of the electric chairs: The high cost of electric powered wheelchairs with respect to manual wheel chairs are poised to pose a tough challenge to the market, especially for aged customers in developing economies, where healthcare expenditures are prominently lower than the developed economies. But apart from the initial cost, there are other costs related to the maintenance of these powered mobility aids such as battery maintenance, servicing and others for uninterrupted operation. This further impedes its adoption, unless it’s a case of severe physical disability. Stringent safety and quality regulations: The increasing stringency on quality assurance of these chairs for uncompromised safety and operation is also analyzed to be a constraint to the market growth. The new entrants or new products so developed must be in compliance with the regulations before its introduction to the market. In the Americas and European region, these regulations are being made more stringent to avoid the wheel chair failure and ensuring hassle free operation during the product’s period of service. This poses a significant challenge for market growth as the new products must be in compliance with several safety regulations, thereby increasing its cost and hindering its adoption. To access / purchase the full report browse the link below https://industryarc.com/Report/16307/electric-wheel-chair-market.html Excerpts on Market Growth Factors Along with the growing elderly population, there is also a brisk rise in the demand for the advanced wheelchairs from the sports industry for conducting sport events for physically challenged persons, which in turn have been fueling the demand for electric wheel chairs market in the past few years. Increased emphasis on development of medical devices has paved the way for the evolution of electric wheel chair to assist the baby boomers in their movements. As per the International Journal of multidisciplinary sciences and engineering organization publications, the number of people who are in need of wheelchair is estimated to increase by over 22% during the next decade, owing to the rise in the number of population over 65 years and increasing number of spine injuries during vehicle accidents. Other key factors including growing healthcare expenditure in developing countries, increasing share of people with disability, illness, and impairment alongside booming investments in the medical sector, surge in ageing demographic. The advanced powered wheelchairs are analyzed to witness prominent growth opportunity in the market during the forecast period 2017-2022, especially for pediatric and geriatric patients. Standing electric wheel chair segment is projected to reach $218.3 million by the end of 2022, growing at a CAGR of 10.6% during the period 2015-2022, owing to increase in the spinal cord injuries due to active sports and road accidents resulting to permanent disabilities. Talk to one of our sales representative about the full report by providing your details in the below link: https://industryarc.com/support.php?id=16307 Key players of Electric Wheelchair Market: The key players of the market includes Permobil AB (Sweden), Invacare Corporation (U.S.), Sunrise Medical Corporation (U.K.), Pride Mobility Products Corporation (U.S.), Ottobock Healthcare (Germany). Permobil AB is analyzed to be the dominant player in the Electric Wheel Chairs Market.
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Invacare Corporation and Sunrise Medical stood next, in second and third positions respectively. Invacare Corporation and Meyra GmbH are the leading companies in the patents section, followed by various other companies such as Levo AG, Opropedia GmbH and some others in the Electric Wheel Chair Market. Browse Related Reports: HEV and EV On-Board Battery Chargers Market: By Plug -in Type (AC Charging Station (AC Level1, AC Level2), DC Charging Station) By Performance (Temperature, Battery life, Depth of Discharge); By Components (Battery, Generator, Electric Motor, State of Charging); By End User (Military Operations, Automotive, Healthcare, Industrial, Trains, Agriculture and Others) & By Geography - Forecast(2018 - 2023) https://industryarc.com/Report/18197/hev-ev-on-board-battery-chargers-market.html
Potting Compound Market:by Type (Epoxy Resin, Polyurethane Resin, Silicone Resin, Polyester System, and Polyamide) by Application (Electrical and Electronics) and by Region Forecast (2017 - 2025) https://industryarc.com/Report/16526/potting-compound-market.html About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today. Contact Us: Mr. Venkateshwar Reddy Business Development Manager Email: sales@industryarc.com Contact Sales: 1-614-588-8538 (Ext-101) Connect with us on LinkedIn - https://www.linkedin.com/company/industryarc
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Table of Contents 1. Electric Wheel Chair Market Overview 2. Executive Summary 3. Electric Wheel Chair Market Landscape 3.1. Market Share Analysis 3.2. Comparative Analysis 3.2.1. Product Benchmarking 3.2.2. End user profiling 3.2.3. Patent Analysis 3.2.4. Top 5 Financials Analysis 4. Electric Wheel Chair – Market Forces 4.1. Market Drivers 4.2. Market Constraints 4.3. Market Challenges 4.4. Attractiveness of the Industry 4.4.1. Power of Suppliers 4.4.2. Power of Customers 4.4.3. Threat of New entrants 4.4.4. Threat of Substitution 4.4.5. Degree of Competition 5. Electric Wheel Chair Market – Strategic Analysis 5.1. Value Chain Analysis 5.2. Pricing Analysis 5.3. Opportunities Analysis 5.4. Product/Market Life Cycle Analysis 5.5. Suppliers and Distributors 6. Electric wheel chair Market - By Type 6.1. Centre Wheel Drive Electric Wheelchair 6.2. Front Wheel Drive Electric Wheelchair 6.3. Standing Electric Wheelchair 6.4. Rear Wheel Drive Electric Wheelchair 6.5. Others 7. Electric wheel chair Market - By End User 7.1. Hospitals 7.1.1. Patient Transfer 7.1.2. Pelvic Positioning 7.1.3. Upper Body Positioning 7.1.4. Lower Body Positioning 7.2. Rehab Centers 7.3. Home 7.3.1. Manual Mobility 7.3.2. Powered Mobility 7.3.3. Corpus Seating 7.4. Sports and Athletics 7.4.1. Motocross racing 7.4.2. Basketball 7.4.3. Rugby 7.4.4. Wheelchair Curling 7.4.5. Lawn Tennis 7.4.6. Others
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8. Electric Wheel Chair Market – By Geography 8.1. North America 8.1.1. U.S. 8.1.2. Canada 8.1.3. Mexico 8.2. South America 8.2.1. Brazil 8.2.2. Venezuela 8.2.3. Argentina 8.2.4. Ecuador 8.2.5. Peru 8.2.6. Colombia 8.2.7. Costa Rica 8.3. Europe 8.3.1. U.K 8.3.2. Germany 8.3.3. Italy 8.3.4. France 8.3.5. Netherlands 8.3.6. Belgium 8.3.7. Spain 8.3.8. Denmark 8.4. APAC 8.4.1. China 8.4.2. Australia 8.4.3. South Korea 8.4.4. India 8.4.5. Taiwan 8.4.6. Malaysia 8.4.7. Hong Kong 8.5. Middle East& Africa 8.6. Russia 8.7. Israel 8.8. Other 9. Market Entropy 9.1. New Product Launches 9.2. M&As, Collaborations, JVs, Partnership 10. Company Profiles 10.1. Invacare Corporation 10.2. OttoBock Healthcare GmbH 10.3. Permobil AB 10.4. Pride Mobility Products Corporation 10.5. Sunrise Medical Inc. 10.6. Company 6 10.7. Company 7 10.8. Company 8 10.9. Company 9 10.10. Company 10 10.11. Company 11 10.12. Company 12 10.13. Company 13 10.14. Company 14 *More than 20 Companies are profiled in this Research Report* "*Financials would be provided on a best efforts basis for private companies" 11. Appendix 11.1. Abbreviations 11.2. Sources 11.3. Research Methodology
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11.4. Bibliography 11.5. Compilation of Expert Insights 11.6. Disclaimer
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