Global Electric Wheelchairs Market 2019-2023
About this market
The rising demand for advanced medical services after treatment. especially in the case of accidents and surgeries is increasing the number of rehabilitation centers. This will eventually propel the demand for mobility aid devices such as electric wheelchairs. In addition, the presence of robotic rehabilitation centers is increasing the demand for electric wheelchairs. The services of Birmingham Community Healthcare include many medical mobility products such as electric wheelchairs. Thus, owing to the rise in the number of rehabilitation centers, the global electric wheelchairs market is expected to grow during the forecast period. Technavio’s analysts have predicted that the electric wheelchairs market will register a CAGR of over 6% by 2023.
Increase in number of product launches
Vendors are launching new models of electric wheelchairs in the market to stimulate the demand for such wheelchairs and to increase their market shares. To remain competitive in the market. companies
are focusing on launching various electric wheelchairs in different price ranges. depending on the product type. This is expected to drive the growth of the market during the forecast period.
High cost of electric wheelchairs
Technological advances and the addition of new features increase the cost of electric wheelchairs. which is hindering the growth of the market. Furthermore, in many of the developed and developing countries the government does not provide reimbursements for these products which is limiting the adoption of electric wheelchairs. Hence, the high cost of electric wheelchairs and the lack of reimbursements will adversely affect the global electric wheelchairs market.
For the detailed list of factors that will drive and challenge the growth of the electric wheelchairs market during the 2019-2023, view our report.
The market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Electric Wheelchairs Market 2019-2023
Technavio recognizes the following companies as the key players in the global electric wheelchairs market: Drive DeVilbiss Healthcare, Invacare, Pride Mobility Products, Roma Medical, Sunrise Medical.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing adoption of front- wheeled electric wheelchairs.”
According to the report, one of the major drivers for this market is the rapidly increasing number of orthopedic and neurologic disorder.
Further, the report states that one of the major factors hindering the growth of this market is the presence of substitute products.
Drive DeVilbiss Healthcare
Pride Mobility Products
and Sunrise Medical
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