Report updated on 11th September, 2021: Global Wheelchairs Market 2021 (Includes Business Impact of COVID-19)
Global Wheelchairs Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global wheelchairs market report has been segmented on the basis of the product type, function, end user and region.
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The global Wheelchairs market size was valued at USD$6.27 billion in 2020 and is projected to reach USD $10.63 billion by 2030, and is anticipated to expand at a CAGR of 4.47% over the forecast period from 2020 to 2030.
Global Wheelchairs Market: Overview
Wheelchairs are the most commonly used assistive device that is propelled either manually or by automated systems. They are used by people who have temporary, permanent, or long-term inability or difficulty to walk by reason of physical or physiological illness, injury, or disability. Vendors are concentrating on manufacturing wheelchairs for special applications.
Global Wheelchairs Market: Dynamics
Increasing aging population coupled with rising number of accidents, falls, injuries, and diseases, and rheumatoid arthritis are primary factors expected to drive market growth. Rising awareness and adoption of advanced wheelchair products for use in various activities such as sports and traveling, and growing healthcare infrastructural improvements are some other factors expected to propel market growth. Permanent disability by accidental instance is another factor expected to drive demand for wheelchair.
Some major factors that could hamper market growth include high product cost, especially certain manual power add-on wheelchairs, and powered models used in sport activities, and rising adoption of prosthetics implants.
However, increasing government initiatives focused on disabled-friendly infrastructure at public places is a major factor expected to create lucrative opportunities for manufacturers operating in the global market in the near future.
Global Wheelchairs Market: Segment Analysis
Among the product type segments, the electrical powered segment is expected to account for major share in terms of revenue over the forecast period. This dominance can be attributable to factors such as easy adoption among patient pools, and advanced functions of electrical powered wheelchair models. Increasing demand from aging populations and easy availability are some factors to expected to propel adoption of manually operated wheelchairs.
Among the function segments, the standard segment is expected to account a higher revenue share as compared to other segments, owing to its easy to operate feature for daily activities.
Among the end user segments, the personal use segment is projected to dominate in the global wheelchair market as compared to the institutional use segment. This is attributed to high preference for wheelchairs for personal use and to improve quality of daily life.
Global Wheelchairs Market: Region Analysis
North America wheelchairs market is expected to account a major share in terms of revenue over the forecast period, followed by Europe. This can be attributable to high spending power among people, increasing awareness and the prominent existence of baby boomer population, especially in the US.
Asia Pacific market is expected to register a significant growth rate owing to increasing awareness and adoption of advanced wheelchairs among patients, growing geriatric population, and increasing accidental cases in countries in the region.
Below are the active patents related to Wheelchairs 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.
Application File Date: 2011-09-13
Application Granted Date: 2015-06-09
Current Assignee: Carbon Black System Ltd
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.
Application File Date: 2005-10-07
Application Granted Date: 2008-04-22
Current Assignee: Sunrise Medical Ltd
Global Wheelchairs Market Segmentation:
Segmentation by Product Type:
- Electric powered wheelchair
- Manual operating wheelchair
Segmentation by Function:
- Standard
- Bariatric
- Standing
- Sports
- Others
Segmentation by End User:
- Personal Use
- Institutional use (Hospitals, Clinics, Government Organization, and Charities)
Key Market Players included in the report:
Below are the key development related to Wheelchairs Market in 2020 and 2021.
May 2021: MOTION ACQUIRES A-1 WHEELCHAIRS UNLIMITED The addition of the British Columbia provider’s business brings Motion’s nationwide footprint to 42 locations in Canada. Canadian mobility device and home access provider Motion (formerly Motion Specialties) has acquired British Columbia’s A-1 Wheelchairs Unlimited, located in Langley, BC. Established by the Derkoch family in 1985 — the same year that Motion was founded — A-1 Wheelchairs Unlimited provides products and services to Langley and surrounding communities ranging from Vancouver to Hope. A-1 Wheelchairs Unlimited will be rebranded as Motion Langley and joins a variety of prominent Canadian providers such as Shoppers Home Health Care’s Wheelchair & Stairlift Division, MEDIchair, Creative Mobility Products Inc., North Coast Home Medical Equipment, and Eastern Mobility Specialists, that Motion has acquired by over the last five years.
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April 2021: Permobil to acquire Italian wheelchair manufacturer Progeo. Permobil has announced its acquisition of Italian manual wheelchair manufacturer, Progeo. The transaction, which is expected to close in June subject to regulatory approval, strengthens Permobil’s presence in the Italian market while improving its portfolio of manual wheelchairs in Europe.
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March 2020: SUNRISE MEDICAL ACQUIRES SPANISH SPORTS AND E-MOBILITY MANUFACTURER ORACING Oracing, which manufactures and sells wheelchairs, hand bikes and more within Europe, will maintain its site in Spain as it joins Sunrise’s brand portfolio. In an effort to expand its sports and e-mobility offerings, Sunrise Medical has acquired Oracing, a Spain-based manufacturer and designer of sports wheelchairs and e-mobility power products. Founded by Felipe Garcia in 2007, Oracing manufactures and distributes customized manual wheelchairs, hand bikes and e-mobility power assist products mainly within Europe. Source
October 2020: Indys Rehab Medical Acquires Texas Company. Indianapolis-based Rehab Medical Inc. has acquired Wheelchairs Plus in Texas. The company says the acquisition expands its complex rehab technology services on a nationwide basis. Wheelchairs Plus provides rehabilitation equipment, home medical equipment, and disposable medical supplies. Financial terms of the deal were not disclosed.
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March 2020: nvacare Corporation Announces Sale of its Dynamic Controls Business to Allied Motion Technologies, Inc. Invacare Corporation (“Invacare”)(NYSE:IVC), announced that the company has completed the sale of its Dynamic Controls subsidiary to Allied Motion Technologies, Inc. (“Allied Motion”)(Nasdaq: AMOT), of Amherst, New York. As part of the company’s strategy to enhance its products, the transaction marks a significant step forward by opening the door to relationships which can provide access to technological innovations to further differentiate the company’s powered mobility products. The transaction was completed. As part of this deal, Invacare has entered into a long-term product supply agreement with Dynamic Controls. This agreement includes ongoing supply and support of the LiNX™ system, one of the most advanced control solutions for powered wheelchairs that heightens the driving experience for patients, while also making the chairs easier for professionals to program and configure. The agreement includes continued support of the MyLiNX informatics platform as well as the infrastructure and applications that drive the healthcare informatics solution for Invacare’s respiratory products. The informatics help to build patient confidence by enabling the patient and provider to easily share data while facilitating efficient troubleshooting.
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