Global Active Wheelchair Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2029

  • TBI473852
  • May 28, 2022
  • Global
  • 200 pages
  • IFF Market Research
                                              

Global Active Wheelchair Market 2021: By Product Type (Manual Wheelchairs, Power Wheelchairs), By Indication (Alzheimers Disease, Amyotrophic lateral sclerosis (ALS), Multiple Sclerosis, Diabetes, Cerebral Palsy, Muscular Dystrophy, Parkinsons Disease, Scoliosis, Spina Bifida, Spinal Cord Injury, Others)

The Global The Global Active Wheelchair market size was valued at USD $1.73 Billion in 2020, USD $1.81 Billion in 2021, forecasted to reach USD $1.89 Billion in 2022, and is projected to reach USD $2.65 Billion by 2030, and is anticipated to expand at a CAGR of 4.47% over the forecast period from 2020 to 2030. Global Active Wheelchair Market is the title of an upcoming report offered by Trusted Business Insights. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global active wheelchair market has been segmented on the basis of product type, indication, as well as regions and countries.Request Covid - 19 Impact

Overview:

Active wheelchair, refers to a wheelchair that enables its user to be more active. They are relatively easy to maneuver and resemble a majority of sports wheelchairs that are available in the market today. There is no particular one-size or design suits all type of product, the correct fit and comfort levels vary according to personal preferences.

Dynamics:

The increasing adoption of active wheelchairs by individuals owing to favorable features such as ease of use, etc., as well as the growing awareness among individuals concerning the benefits of healthier lifestyles are some of the primary factors that are expected to continue to boost the revenue growth of the global active wheelchair market over the next 10 years. Moreover, the increasing incorporation of various technological advancements by key industry players to improve the quality of their respective end-products, as well as the levels of comfort offered to its users are also factor slated to positively influence market growth of this global market in the coming years. Furthermore, ever-expanding geriatric populations across the world, who are more susceptible to disorders that would increase their likelihood of using a wheelchair is another factor that is expected to contribute to the revenue growth of the global active wheelchair market in the years to come. In light of the recent COVID-19 outbreak, the operations of numerous industries have been either temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global active wheelchair industry is no different, and this factor is expected to negatively impact market growth in the years to come. Nonetheless, steady growth in the adoption of active wheelchairs in emerging economies, increasing disposable incomes of individuals across the world, as well as favorable reimbursement policies and product approvals are also factors that are anticipated to have a positive influence on the revenue growth of the global active wheelchair market over the next decade.

Segmentation of the global active wheelchair market is as follows:

In terms of product type, the manual wheelchairs segment accounted for the maximum number of revenue shares of the global active wheelchairs market in 2020, and is indicative of indexing a high CAGR in the years to come. This can be attributed to their lightweight designs, as well as low maintenance costs. However, the power wheelchairs segment is slated to index the highest CAGR over the forecast period, owing to their increased convenience and growing adoption rates, especially in emerging economies. With respect to indication, the cerebral palsy segment accounted for the maximum number of revenue shares in 2020, due to the higher dependency levels on active wheelchairs by individuals suffering from this disorder as well as the increasing prevalence of cerebral palsy across the world. However, the spinal cord injury segment is anticipated to register the fastest rate of revenue growth owing to the increasing prevalence of individuals suffering with injuries of this nature.

Regional Segmentation and Analysis:

The markets in Europe accounted for the highest number of revenue shares of the global active wheelchair market in 2020, and are slated to index a considerable rate of revenue growth over the forecast period. However, the markets in the Asia Pacific region are expected to register the fastest rate of revenue growth in the years to come. This can be attributed to the growing awareness levels concerning the use of active wheelchairs, as well as the steady increase in disposable incomes among individuals in this region.

Below are the active patents related to Active Wheelchair Market.

Patent Number: US20130187355A1 Wheelchairs Abstract The invention relates to a wheelchair for example a wheelchair for an active user, a method of manufacturing a wheelchair and a wheel for a wheelchair. In further aspects the invention relates to a wheelchair, a footrest for a wheelchair, a wheelchair having a light, and a seat back for a wheelchair, a wheelchair that is water resistant. Type: Grant Filed: 2011-09-13 Date of Patent: 2013-07-25 Assignee : Carbon Black System Ltd Patent Number: US20110011652A1 Multi-terrain motorized wheelchair apparatus Abstract A multi-terrain motorized wheelchair apparatus is disclosed that comprises a seating assembly for supporting a user in a seated position, a track assembly with the seating assembly being pivotable with respect to the track assembly. The track assembly includes a pair of track units positioned on opposite sides of the seating assembly. The apparatus comprises a seating orientation adjustment assembly configured to adjust an orientation of the seating assembly with respect to the track assembly. The apparatus includes at least one drive assembly mounted on the seating assembly and which has at least one drive shaft structure connected to the track units to drive the track units. The seating assembly is supported on the track units of the track assembly by the drive shaft structure. Type: Grant Filed: 2009-07-14 Date of Patent: 2011-01-20 Inventor: Timmy R. Swenson Patent Number: US8794359B2 Wheelchair suspension Abstract A suspension for a vehicle is provided. The suspension includes, for example, a frame, at least one drive assembly and at least one caster pivot arm. The at least one drive assembly and the at least one caster pivot arm are pivotally connected to the frame at a common pivot axis such that the drive assembly and the front caster pivot arm are pivotable relative to one another. Type: Grant Filed: 2012-08-07 Date of Patent: 2014-08-05 Assignee : Invacare Corp Patent Number: US9101520B2 Mobile manual standing wheelchair Abstract The present invention relates to a novel approach to improving the use of wheelchairs by offering the ability for the wheelchair to transition between accommodation for a seated position, and accommodation for a standing position, more particularly, wherein the inventive mobile manual standing wheelchair allows for a standing position during the course of mobile use, and which also permits the user to traverse narrow entrances and doorframes, and also allows the user to have improved access in front for elevated surfaces such as countertops and the like. Type: Grant Filed: 2014-11-24 Date of Patent: 2015-08-11 Assignee : University of Minnesota US , Department of Veterans Affairs VA Patent Number: US7360781B2 Foldable wheelchair and axle plate therefor Abstract A foldable wheelchair comprises a substantially horizontally extending upper side frame member. An upper end of an axle plate is secured to the upper side frame member. An axle housing is secured to the axle plate. A cross brace is pivotally secured directly to the axle plate at the lower end of the axle plate. A wheel mount assembly comprises an axle sleeve mount having an internal thread. An axle sleeve has an external thread that is in threaded engagement with the internal thread of the axle sleeve mount. The axle sleeve has an internal bore that accepts a wheel axle. The internal bore is angled with respect to the axis of the external threads to provide camber to a wheel. The axle sleeve is adapted to provide lateral adjustment to the wheel by rotating the axle sleeve within the axle sleeve mount any number of complete revolutions. Moreover, the axle sleeve is adapted to provide toe in and toe out adjustment to a cambered wheel by rotating the axle sleeve within the axle sleeve mount a fraction of a complete revolution. Type: Grant Filed: 2005-10-07 Date of Patent: 2008-04-22 Assignee : Sunrise Medical Ltd

Below are the leading companies profiled in this Active Wheelchair Market Report:

  • Hoveround Corp
  • Invictus Active
  • Karman Healthcare, Inc.
  • MEYRA GmbH
  • Mountain Trike
  • Numotion
  • PER4MAX Medical (P4X Inc.)
  • Spinlife LLC
  • Sportaid (SRG Inc.)
  • Sunrise Medical Inc.

Segmentation of the Global Active Wheelchair Market:

By Product Type:
  • Manual Wheelchairs
  • Power Wheelchairs
By Indication
  • Alzheimers Disease
  • Amyotrophic lateral sclerosis (ALS)
  • Multiple Sclerosis
  • Diabetes
  • Cerebral Palsy
  • Muscular Dystrophy
  • Parkinsons Disease
  • Scoliosis
  • Spina Bifida
  • Spinal Cord Injury
  • Others

This research comprehensively answers the following 9 important questions:

  • Q.1. What are some of the most promising growth trends in the Active Wheelchair market worldwide?
  • Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  • Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  • Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Active Wheelchair market?
  • Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Active Wheelchair market?
  • Q.6.What are the emerging trends post COVID-19 reshuffle in this Active Wheelchair market and the what are reasons behind these trends and do they translate in global exploration?
  • Q.7. Who are the major global and regional players in the Active Wheelchair market? Which are the strategic initiatives key players are pursuing for business growth?
  • Q.8.Which are the competing products in Active Wheelchair market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Active Wheelchair industry?

Chapter 1 Methodology and Scope
  • 1.1 Market definitions
  • 1.2 Base estimation & working
  • 1.2.1 North America
  • 1.2.2 Europe
  • 1.2.3 APAC
  • 1.2.4 LATAM
  • 1.2.5 MEA
  • 1.3 Forecast calculation
    • 1.3.1 COVID-19 impact calculations on industry forecast
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources
  • Chapter 2 Executive Summary
  • 2.1 Active Wheelchair industry 360° synopsis, 2017 - 2028
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