The Active Wheelchair Market size is forecast to reach $1.97 billion by 2025, growing at a CAGR of 4.22% during the forecast period 2020-2025. Active wheelchairs are used daily and are generally more of an upscale product than standard wheelchairs. It includes wheelchairs for people that choose to remain physically active. High adoption of these chairs in homes by disabled & old age people and adoption of the active wheelchair by patients suffering from spinal cord injury, physical disability people, and the elderly patient is the major factor driving the growth of the market. Enhancement in technological advancements and growing demand for advanced electric wheelchairs from the sports industry is set to further enhance the overall market demand for the Active Wheelchair Market during the forecast period 2020-2025.
Active Wheelchair Market Segment Analysis - By Product Type
The Power Wheelchair held the largest share in the Active Wheelchair Market in 2019 and is estimated to grow at a CAGR of 5.03% during the forecast period 2020-2025. Power wheelchairs present a new host of options to consider. They are designed to be easy to use and offer a variety of customizable features to meet mobility needs. The greatest advantage of a power wheelchair is the ease and convenience it supplies. Even though power chairs do have an electric motor, the controller is still the person in the chair. Some power wheelchairs are operated by the hands, some by the mouth, or any other functioning body part. The power wheelchair is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.
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Active Wheelchair Market Segment Analysis - By Indication
Alzheimer’s disease held the largest share in the Active Wheelchair Market in 2019. Alzheimer's disease is the most common cause of dementia, a continuous decline in thinking, behavioural, and social skills that disrupts a person's ability to function independently. As the disease progresses, a person with Alzheimer’s disease will develop severe memory impairment and lose the ability to carry out everyday tasks. No treatment cures Alzheimer’s disease or alters the disease process in the brain. In advanced stages of the disease, complications from severe loss of brain function such as dehydration, malnutrition, or infection that result in death. Alzheimer's disease causes difficulty concentrating and thinking, especially about abstract concepts such as numbers. Alzheimer’s disease is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.
Active Wheelchair Market Segment Analysis - By Geography
Europe dominated the Active Wheelchair Market in 2019 with a share of more than 37.15%, followed by the Asia Pacific owing to the increase in healthcare expenditure. The growing disabled population and favourable reimbursement policies are also increasing the growth of the Active Wheelchair Market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the rising awareness of chairs, increasing disposable income, and rising investment by the company for developing advanced active wheelchairs.
Active Wheelchair Market Drivers
Enhancements in Technological Advancements
Enhancements in Technological Advancements are increasing the growth of the Active Wheelchair Market. The adoption of AI (Artificial Intelligence) in the manufacturing of active chairs has become a trend in recent years. The AI integrated electric wheelchair combines the eye-tracking system and LiDAR (Light Detection and Ranging) technology which is used to generate a 360-degree map of the user’s environment. The eye tracker in the active wheelchair will input the eye moments to the AI and then the AI program defines the movement of a wheelchair and guide the chair to avoid obstacles. Adoption of AI by OEMs in the manufacturing of active wheelchairs has been attracting customers and it is poised to drive the electric wheel chairs market. Thus, increasing the growth of the Active Wheelchair Market during the forecast period 2020-2025.
Growing Demand for Active Wheel Chairs from the Sports Industry
Growing Demand for Active Wheel Chairs from the Sports Industry is increasing the growth of the Active Wheelchair Market. Active wheelchairs are used in sports activities such as power wheelchair football, power wheelchair hockey, and others. The main aim of the Electric Wheel Chair Sports Association is to provide recreational opportunities for more players with a disability, thereby driving the adoption of electric wheelchairs in sports activities. These active wheelchairs position their wheel drive directly below the user’s center of gravity and have a small turning circumference, providing better movement in indoor areas. Additionally, it offers six wheels that facilitate stability on uneven surfaces such as slopes, rugged terrains, and others. Movement of active wheelchairs in small doorways and narrow spaces is much easier with a center wheel drive electric wheelchair. Thus, increasing the growth of the Active Wheelchair Market during the forecast period 2020-2025.
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Active Wheelchair Market Challenges
High cost of active wheelchairs and stringent regulations & standards
Some of the factors that is set to impede the growth of the Active Wheelchair Market are the high cost of active wheelchairs and stringent regulations & standards.
Active Wheelchair Market Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Active Wheelchair Market. In 2019, the Active Wheelchair Market share is consolidated by the top ten players present in the market. Active Wheelchair Market, the top 10 companies are Invacare Corp, Sunrise Medical Corp, Drive DeVilbiss Healthcare, Hoveround Corp, and Permobil AB among others.
Acquisitions/Product Launches
In March 2020, Invacare Corporation has introduced a new and high-performance wheelchair model, Invacare AVIVA FX Power Wheelchair. The new feature-loaded wheelchair is designed to cater to the rising performance needs of active users.
Key Takeaways
Europe dominated the Active Wheelchair Market in 2019 owing to an increase in healthcare expenditure, and rising investment by companies for developing advanced active wheelchairs. The Active Wheelchair Market scope for different regions will be provided in the final report.
Continuous improvements in active wheelchair efficiency and increasing prevalence of chronic disease are likely to aid in the market growth of the Active Wheelchair Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Active Wheelchair Market report.
The high cost of active wheelchairs and stringent regulations & standards is poised to create hurdles for the Active Wheelchair Market.
Related Reports :
A. Wheelchairs Market
https://www.industryarc.com/Research/Wheelchairs-Market-Research-511292
B. Mobility Aids and Transportation Equipment Market
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