Nov 10, 2020   SOURCE: PR NewsWire

Active Wheelchair Market Size Worth $2.3 Billion By 2027 | CAGR: 4.4%: Grand View Research, Inc.

SAN FRANCISCO, Nov. 10, 2020 /PRNewswire/ -- The global active wheelchair market size is expected to reach USD 2.3 billion by 2027, expanding at a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Surge in the geriatric and disabled population along with the rising prevalence of chronic diseases in the geriatric population are some of the key factors propelling the market growth.

https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

Key suggestions from the report:

    --  The manual wheelchairs segment was the largest segment in 2019 owing to
        the low cost of the product and continuous technological advancement to
        meet the increasing demand in the emerging countries
    --  The powered wheelchairs segment is expected to register higher CAGR over
        the forecast period owing to an increase in product demand especially in
        developed countries such as the U.S. and Germany
    --  Cerebral Palsy was the largest indication segment in 2019 owing to the
        higher global prevalence of the condition and support offered by the
        active wheelchairs to the patient with cerebral palsy
    --  Europe dominated the market in 2019 with a 33.5% revenue share due to an
        increase in healthcare expenditure and growing geriatric and disabled
        population in the region
    --  Asia Pacific is expected to register a higher CAGR over the forecast
        period owing to rising awareness levels and increasing disposable income
        in the region.

Read 100 page research report with ToC on "Active Wheelchair Market Size, Share & Trends Analysis Report By Product Type, By Indication (Alzheimer's Disease, Amyotrophic Lateral Sclerosis (ALS), Cerebral Palsy), By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/active-wheelchair-market

Aging usually reduces the ability to move and perform physical tasks to maintain independent functioning. The increasing geriatric population is likely to create more demand for active wheelchairs over the forecast period. Moreover, they are more prone to falls, which can cause fatal or non-fatal injuries. The Western Europe region has the highest fall-related incidence and mortality rates in aged people. As per a research article published by Injury Prevention, in 2017, around 11.7 million aged people sought medical attention due to an injury, of which 8.4 million were owing to fall-related injuries. An increasing number of elderly people and rising incidents of falls in the elderly are projected to drive demand for active wheelchairs during the forecast period.

The introduction of technologically advanced active wheelchairs is also expected to drive the market as it provides more comfort to the users. In addition, increasing government initiatives to support the elderly and disabled population is boosting the market. For instance, the U.S. government provides various disability services to its citizens such as insurance for short-term and long-term disability, financial assistance & support services for the disabled, and education & jobs for persons with disabilities. In 2017, the Government of India offered free eldercare assistive devices under RashtriyaVayoshriYojana (RVY) to senior citizens belonging to lower economic strata of the country.

Furthermore, favorable reimbursement policies for the purchase of active wheelchairs, rising incidence of accidents, increasing spending on healthcare infrastructure, and increasing obese population across the globe due to drastic changes in daily lifestyle are also anticipated to propel the growth of the market.

Grand View Research has segmented the global active wheelchair market based on product type, indication, and region:

    --  Active Wheelchair Product Type Outlook (Revenue, USD Million, 2016 -
        2027)
        --  Manual
        --  Power
    --  Active Wheelchair Indication Outlook (Revenue, USD Million, 2016 - 2027)
        --  Alzheimer's Disease
        --  Amyotrophic Lateral Sclerosis (ALS)
        --  Multiple Sclerosis
        --  Diabetes
        --  Cerebral Palsy
        --  Muscular Dystrophy
        --  Parkinson's Disease
        --  Scoliosis
        --  Spina Bifida
        --  Spinal Cord Injury
        --  Others
    --  Active Wheelchair Regional Outlook (Revenue, USD Million, 2016 - 2027)
        --  North America
            --  The U.S.
            --  Canada
        --  Europe
            --  The U.K.
            --  Germany
            --  France
            --  Italy
            --  Spain
            --  Netherlands
            --  Belgium
            --  Switzerland
            --  Russia
            --  Sweden
        --  Asia Pacific
            --  India
            --  China
            --  Japan
            --  Australia
            --  South Korea
            --  Malaysia
            --  Indonesia
            --  Singapore
            --  Philippines
            --  Thailand
        --  Latin America
            --  Brazil
            --  Mexico
            --  Argentina
            --  Colombia
            --  Chile
        --  Middle East & Africa
            --  South Africa
            --  Saudi Arabia
            --  UAE
            --  Israel
            --  Egypt

List of Key Players of Active Wheelchair Market

    --  Sunrise Medical
    --  Mountain Trike
    --  Numotion
    --  Invictus Active
    --  Karman Healthcare, Inc.
    --  PER4MAX Medical
    --  MEYRA GmbH
    --  Spinlife
    --  Sportaid

Find more research reports on Medical Devices Industry, by Grand View Research:

    --  Ophthalmic Devices Market - Consequentially, the increased demand for
        surgical and diagnostic instruments in these target applications is
        presumed to bolster the growth of the ophthalmic devices market.
    --  Interventional Cardiology Devices Market - The introduction of
        technological advancements, especially in the guidewires and stent
        segments, is expected to drive growth during the forecast period.
    --  Biodetectors And Accessories Market - The bio detectors and accessories
        market are anticipated to exhibit incremental growth as a consequence of
        rising need to curb bio-terrorism involving hazardous chemical warfare
        agents and pathogens released by terrorist groups.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter

View original content:http://www.prnewswire.com/news-releases/active-wheelchair-market-size-worth-2-3-billion-by-2027--cagr-4-4-grand-view-research-inc-301169518.html

SOURCE Grand View Research, Inc.