Global Electric Wheelchair (Powered Wheelchairs) Market by Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Report By
The globalelectric wheelchair (powered wheelchairs) market was valued at USD 2 billion in 2019 and is estimated to reach USD 5 billion by 2026, expanding at a CAGR of around 17 % during the forecast period, 2020–2026. Owing to factors such as convenience, mobility, increasing demand for advanced wheelchairs, and increasing worldwide geriatric population, electric wheelchairs has witnessed growth in adoption. Increasing demand for special wheelchairs from sports industry, such as wheelchair rugby, wheelchair basketball, and others are contributing to the growth of the market. Due to growing adoption of automation the revenue for global electrical wheelchair market is increasing. The electrical wheelchairs are adjustable, durable, and have special seats with soft pads which are used for orthopedic patients. Request for sample@https://dataintelo.com/request-sample/?reportId=110594
Market Trends, Drivers, Restraints, and Opportunities: • Increasing number of spinal cord injuries is positively impacting the growth of the market. • Growing inclination of consumers towards technological advancements is expected to contribute to the growth of the market during the forecast period. • Rising geriatric population is the major factor influencing the growth of the market. • Increasing life expectancy has resulted in increasing need of electric wheelchairs for daily activities which is contributing to the growth of the market. • High cost of electric wheelchair may hamper the growth of the market. • Lack of awareness and infrastructure may hamper the market growth during the forecast period.
Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=110594 Competitive Landscape: Major companies in the global electric wheelchair (powered wheelchairs) market include Golden Technologies, Dane, Merits Health Products, Heartway, Invacare Corporation, Drive Medical, Hoveround Corporation, Pride Mobility Products Corporation, EZ Lite Cruiser, Karman Healthcare, Permobil AB, Levo AG, and Sunrise Medical Limited. The competition in the global electric wheelchair (powered wheelchairs) market is highly intense and competitors use strategies such as collaborations, ventures, partnerships, acquisitions, and agreements to gain new market share. Companies are continuously launching new and advanced products to remain competitive in the market. Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=110594
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