Wheelchair Market Size Worth $4.2 Billion By 2026

The global wheelchair market size is expected to reach USD 4.2 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.6%. Growing disabled population along with rising geriatric population is among factors driving market growth. In addition, improvements in healthcare infrastructure are fueling the demand for wheelchairs.

Adoption and awareness of advanced wheelchairs products are also propelling growth. Growing integration of automation in healthcare devices, especially mobility devices, such as wheelchairs, is anticipated to boost growth. For instance, wheelchairs are integrated with non-linear processing circuits, guide sensors, pulse steering drive, and several controls for making the ride easy and smooth for patients.

Rising prevalence of lifestyle diseases, osteoporosis, and other autoimmune disorders that lead to the need for wheelchairs and growing baby boomers are also some factors driving the market. Presence of geriatric population is one of the key factors responsible for the largest share held by U.S. in North America.

Hospital segment held the maximum share in 2018. This can be attributed to rising high-end mobility equipment such as powered wheelchairs and manual wheelchairs, which are preferred by patients in different healthcare settings as these wheelchairs offer required mobility during hospital stays.

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Further key findings from the study suggest:

  • Manual wheelchairs held the largest share in 2018 owing to their increasing use in hospitals
  • Features of electric wheelchairs such as superior quality braking system, especially to stop accidental rolling, self-reliance, and comfortability are anticipated to boost growth
  • Increase in medical emergencies is one of the key factors driving wheelchair market growth
  • Rising number of rheumatoid arthritis and osteoporosis procedures is expected to boost demand for rehabilitation wheelchairs
  • Adults segment held the largest share in 2018 due to presence of a high global geriatric population and rise in the prevalence of conditions requiring different types of mobility devices
  • North America dominated the market due to increased adoption of advanced technology in wheelchairs and rise in disabled population
  • Some of the players operating in the market are Carex Health Brands, Inc.; Drive Medical Design & Manufacturing; Graham-Field Health Products, Inc.; Invacare; Medline; Sunrise Medical LLC; Karman Healthcare; Quantum Rehab; Numotion; and Pride Mobility Products Corp.

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