Electric Wheelchair Market: Information By Type (Center Wheel Drive Chair, Front Wheel Drive Chair, Rear Wheel Drive Chair), End-user (Home Care Settings, Hospitals & Clinics) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027
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Electric Wheelchair Market is expected to register a CAGR of 6.7% during the assessment period of 2020 to 2027, to reach USD 3,061.64 million by 2027. Electric wheelchairs are in high demand because they not only help to move but have extra functionality. Different tech companies are advancing the electric wheelchair to make it easier to use and not so heavy. Apart from increased demand, other factors are contributing to the growth of the market. The introduction of IoT and artificial intelligence has advanced a tech product and increased the demand for the product. Electric Wheelchair Market Analysis will help us understand the growth opportunities and trends in the market covering important topics such as market dynamics and segmentation analysis.
Market Overview:
Electric wheelchairs are of immense benefit to wheelchair users in terms of convenience and suitability for outdoor as well as indoor movement. The global electric wheelchair market is expected advance with an impressive CAGR and achieve high growth revenues in the coming years, projects Market Research Future (MRFR) in an exhaustive study. Electric wheelchairs have gained widespread adoption due to the superior advantages it provides over manual wheelchairs.
The growth of the global electric wheelchairs market is sustained by the rise in geriatric population. Equipped with sensors and other assistive technology, electric wheelchairs help to alleviate the problems of mobility in the elderly populace. In addition, they are also beneficial to those who are unable to use manual wheelchairs.
The need for smart wheelchairs for disabled people is a significant factor boosting the growth of the market. People with motor, sensory, or cognitive impairment are unable to use manual wheelchairs or joysticks and find it extremely advantageous to use smart electric wheelchairs.
The superior advantage of convenience acts as a motivating force for the growth of the market. Being user-friendly, they can be easily operated by aged people or consumers with disabilities. Other than patients with mobility issues, they can also be of use to accident patients and patients suffering from other chronic conditions.
Segment Analysis
Global Electric Wheelchair Market has been segmented on the basis of Type, into center wheel drive chair, front-wheel drive chair, and rear-wheel drive chair. Based on end-user the market is categorized into home care settings, hospitals and clinics, and others
Regional Analysis
Global Electric Wheelchair Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas has been segmented into North America and Latin America, with the North America market further divided into the US and Canada. The Americas led the market and accounted for the largest share in 2019. The technological advancement in the electric wheelchair with attachment of gadgets for control and accessibility majorly drive the market growth. Also, the rise in purchasing power, increasing geriatric population, and inclination towards more refined technology have been driving the progress of the electric wheelchair market in the region.
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