Global Wheelchairs Market Is Estimated To Witness Significant Growth Owing To Growing Prevalence Of Chronic Disease, And Increasing Geriatric Population

 

Wheelchairs 

Overview:

Wheelchairs are chairs with wheels that help people who can't walk due to illness, injury, problems related to old age or disability. They are used when walking is difficult or impossible, such as for spinal cord injuries, cerebral palsy, brain injury, osteogenesis imperfecta, motor neurone disease, multiple sclerosis, muscular dystrophy, spina bifida, and many other medical conditions. Self-propelled wheelchairs typically have a frame, seat, one or two footplates and four wheels. Usually, there are two caster wheels at front and two large wheels at the back. The rear wheels usually have push-rims of slightly smaller diameter projecting just beyond the tire. It  allows the user to manoeuvre the chair without grasping the tires with their hands. Power-operated wheelchairs are controlled by batteries and electric motors that are powered by a control device such as a joystick, head switch, sip-and-puff or other special controls. Various drive systems can be used, including front-wheel, rear-wheel and mid-wheel drive.

Market Dynamics:

Growing expansion by key players are estimated to augment growth of the global Wheelchairs Market during the forecast period. For instance, Permobil Inc., announced to invest USD 15.5 million for the expansion of their Lebanon, Tennesse manufacturing plant in United States in April 2022. Moreover, increasing cost of the product and lack of improved infrastructure are anticipated to restrain growth of the global wheelchairs market during the forecast period.

Impact of COVID-19:

The epidemic ruptured the global economy and put the healthcare sector into overdrive. COVID-19 spread to many nations in 2020 and this led to imposition of strict restrictions. Many countries imposed nationwide lockdowns, which caused shortage of raw materials. Supply chains were also disrupted during the pandemic, this also restrained growth of many businesses. The pandemic had a severe impact on the growth of the global wheelchairs market, as manufacturing activities were halted and there was a decrease in demand due to lockdowns. Thus, the pandemic had a negative impact on the growth of the global Wheelchairs Market.

Key Takeaways:

 

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). For instance, a next-generation e-fix eco Power Assist Device, was launched by Invacare Corporation in February 2022. This device helps in converting manual wheelchairs into electric wheelchairs.

 

North America is anticipated to witness robust growth in the global Wheelchairs Market during the forecast period, due to rising adoption of advanced wheelchairs and growing presence of market players.

 

Key players active in the global wheelchairs market are Permobil AB, OttoBock Healthcare GmbH, Sunrise Medical, Invacare Corporation, Seating Matters, Drive Medical Design & Manufacturing, Sunrise Medical LLC, Pride Mobility Products Corp., Graham-Field Health Products Inc., Quantum Rehab, Invacare, Karman Healthcare, and Carex Health Brands, Inc.