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Global Electric Wheelchairs Market 2019-2023

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.

Market Overview

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.

Competitive Landscape

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.


PRESS RELEASE

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.

Companies Mentioned

Drive DeVilbiss Healthcare

Invacare

Pride Mobility Products

Roma Medical

and Sunrise Medical

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global medical devices market
      • Table Segments of global medical devices market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Dry-battery electric wheelchairs - Market size and forecast 2018-2023
      • Table Dry-battery electric wheelchairs - Market size and forecast 2018-2023 ($ millions)
      • Table Dry-battery electric wheelchairs - Year-over-year growth 2019-2023 (%)
    • Wet-battery electric wheelchairs - Market size and forecast 2018-2023
      • Table Wet-battery electric wheelchairs - Market size and forecast 2018-2023 ($ millions)
      • Table Wet-battery electric wheelchairs - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • ROW - Market size and forecast 2018-2023
      • Table ROW - Market size and forecast 2018-2023 ($ millions)
      • Table ROW - Year-over-year growth 2019-2023 (%)
    • Asia - Market size and forecast 2018-2023
      • Table Asia - Market size and forecast 2018-2023 ($ millions)
      • Table Asia - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Product launches by companies
    • Market challenges
      • Table Electric wheelchair-related product recalls
      • Table Impact of drivers and challenges
  • Market Trends
    • Growing adoption of front-wheeled electric wheelchairs
    • Increase in number of M&A activities
      • Table Acquisition and market impact analysis
    • Online sales
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Drive DeVilbiss Healthcare
      • Table Drive DeVilbiss Healthcare - Vendor overview
      • Table Drive DeVilbiss Healthcare - Organizational developments
      • Table Drive DeVilbiss Healthcare - Key offerings
      • Table Drive DeVilbiss Healthcare - Key customers
    • Invacare
      • Table Invacare - Vendor overview
      • Table Invacare - Business segments
      • Table Invacare - Organizational developments
      • Table Invacare - Segment focus
      • Table Invacare - Key offerings
      • Table Invacare - Key customers
    • Pride Mobility Products
      • Table Pride Mobility Products - Vendor overview
      • Table Pride Mobility Products - Product segments
      • Table Pride Mobility Products - Key offerings
      • Table Pride Mobility Products - Key customers
    • Roma Medical
      • Table Roma Medical - Vendor overview
      • Table Roma Medical - Key offerings
      • Table Roma Medical - Key customers
    • Sunrise Medical
      • Table Sunrise Medical - Vendor overview
      • Table Sunrise Medical - Organizational developments
      • Table Sunrise Medical - Key offerings
      • Table Sunrise Medical - Key customers
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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