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Electric Wheelchairs Market to Reach $5.8Bn, Globally, by 2027 at 9.7% CAGR: Allied Market Research

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Allied Market Research

02 Nov, 2020, 13:30 GMT

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Increase in ageing population, rise in the number of obese people and spine deformities, and rise in incidence of disabilities and accidents fuel the growth of the global electric wheelchairs market.

PORTLAND, Ore., Nov. 2, 2020 /PRNewswire/ -- Allied Market Research published a report, titled,"Electric Wheelchair Market by Product type (Centre Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchair) - Global Opportunity Analysis and Industry Forecast, 2021 – 2027."According to the report, the global electric wheelchairs industry was pegged at $2.9 billion in 2019, and is expected to hit $5.8 billion by 2027, registering a CAGR of 9.7% from 2021 to 2027.

Drivers, restraints, and opportunities-

Increase in ageing population, rise in the number of obese people and spine deformities, and rise in incidence of disabilities and accidents fuel the growth of the global electric wheelchairs market. On the other hand, inaccessibility to quality healthcare in developing regions impedes the growth to some extent. However, emergence of technologically advanced products and untapped opportunities in developing and under developed economies are expected to pave the way for multiple opportunities in the industry.

Request Sample Report at :https://www.alliedmarketresearch.com/request-sample/2111

Covid-19 scenario-

  • The first phase of the lockdown led to disruptions in the manufacturing of durable, adjustable and feature-special seats for electric wheelchairs, thereby restraining the market growth to certain extent. Also, disorders in the supply chain impacted the market negatively.
  • Nonetheless, several government bodies are now introducing relaxations on the existing dictums and the market is expected to get back to its position very soon.

The centre wheel drive segment to lead the trail by 2027-

By product type, the centre wheel drive segment contributed to nearly two-fifths of the global electric wheelchairs market share in 2019 and is expected to retain its dominance by the end of 2027.  Small turning radius, light front tires, easy maneuvering through narrow spaces, and better stability of center wheel drive the segment growth. The front wheel drive segment, on the other hand, would grow at the fastest CAGR of 11.0% throughout the forecast period. The seating system designed in these power wheelchairs effectively supports the clinical, functional, and lifestyle needs of active users, thereby propelling the growth of the segment.

North America to rule the roost-

By region, North America garnered the major market share in 2019, holding nearly two-fifths of the global electric wheelchairs market, owing to rise in application of electrical wheelchairs in indoor and outdoor in the province. Simultaneously, Asia-Pacific would portray the fastest CAGR of 11.5% from 2021 to 2027. This is due to a rise in the purchasing power of individuals in the populous countries such as China & Japan and increase in geriatric & bariatric population in the region.

For Purchase Enquiry at:https://www.alliedmarketresearch.com/purchase-enquiry/2111

Frontrunners in the industry-

  • GF Health Products, Inc.
  • Sunrise Medical Limited
  • Invacare Corporation.
  • LEVO AG
  • MEYRA GmbH
  • Karman Healthcare
  • Pride Mobility Products Corp
  • OttoBock Healthcare GmbH
  • Drive Medical Ltd.
  • Permobil AB

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information:https://www.alliedmarketresearch.com/library-access

Similar Reports:

Coffee Maker Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

Wet Vacuum Cleaner Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

Electric Hair Brush Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

Camera Stabilizer Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com 
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Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

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