Lucintel’s latest market report analyzed that wheelchair provides attractive opportunities in homecare and health institutions. The wheelchair market is expected to reach $7.4 billion by 2025 with a CAGR of 5.8%. In this market, power wheelchair is the largest segment by product type, whereas basic wheelchair is largest by design and function. The increase adoption of power assistance device and development of hybrid concept wheelchair provides strategic growth path in this market.
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Based on product, the wheelchair market is segmented into manual and power wheelchair. The power wheelchair segment is accounted for the largest share of the market in 2020 due to increasing demand for multi-functionality wheelchair, such as tilt in, reclining, and standing wheelchair.
Browse in-depth TOC on “Wheelchair Market”
64 – Tables
96 – Figures
172 – Pages
The wheelchair market is marked by the presence of several big and small players. Some of the prominent players offering wheelchair include Invacare Corporation, Pride Mobility Products Corporation, Sunrise Medical Limited, OttoBock Healthcare GmbH,Permobil AB and others.
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