Wheelchairs Market Observes Astonishing Rise in Revenue of US$ 30,156.8 MN with CAGR 15.3% during the Forecast Period 2022-2030

 

Wheelchairs Market

The global Wheelchairs Market has been growing in recent years, driven by various factors such as rising healthcare spending, increasing aging population, and growing awareness about mobility assistance devices. Global wheelchairs market is estimated to be valued at US$ 9,660.2 million in 2022 and is expected to exhibit a CAGR of 15.3% during the forecast period (2022-2030).

One of the main drivers of the rising demand for Wheelchairs Market is the increasing incidence of disabilities and chronic conditions that require mobility assistance. According to the World Health Organization (WHO), around 15% of the world's population lives with some form of disability, and this number is expected to increase as the global population ages. Chronic conditions such as arthritis, multiple sclerosis, and spinal cord injuries can also cause mobility impairments, leading to a higher demand for wheelchairs.

Another factor driving the growth of the Wheelchairs Market is the increasing availability of healthcare services and the rising healthcare spending. Governments and private organizations are investing in healthcare infrastructure and services to improve the quality of life of people with disabilities, leading to a higher demand for mobility assistance devices like wheelchairs. Additionally, advances in technology and design have made wheelchairs more comfortable and efficient, further driving their adoption.

The aging population is also a significant contributor to the rising demand for Wheelchairs Market. As people age, they are more likely to develop mobility impairments, leading to a higher demand for mobility assistance devices. According to the United Nations, the global population of people aged 60 and over is expected to reach 1.4 billion by 2030

Top Companies involved are Invacare Corporation, Sunrise Medical, Ottobock, 21st Century Scientific, Inc., Permobil, Pride Mobility Products Corp., LEVO AG, GF HEALTH PRODUCTS, INC., MEYRA GmbH, Hoveround Corporation, Ride Designs, Medical Depot, Inc., and Drive DeVilbiss International.

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