The Electric Wheel Chair Market deals with the development, manufacture and distribution of the electric wheelchair, supporting wheelchair accessories as well as latest wheelchair technology. An electric wheelchair is powered by a battery or an electric motor in stark contrast to the manual wheelchair.
The Electric Wheel Chair Market has witnessed governments across the world creating more awareness as well as infrastructure which supports the needs of disabled people. Wheelchair accessories in residential areas are common while enterprises are making workplaces more supportive by including cutting edge accessories like wheelchair ramps.
These advances have propelled the Electric Wheel Chair Market to develop the electric wheelchair, also known as a motorised wheelchair or an electric powered wheelchair, to support the needs of disabled individuals in a dynamic workplace or everyday setting. Electric wheelchair manufacturers have also been able to squeeze in functionalities like Wi-Fi, Bluetooth and links to electric appliances in a residence to make life easier for users.
Scope & Regional Forecast of the Electric Wheel Chair Market
The Electric Wheel Chair Market has developed wheelchair technology to such an extent that the performance and efficiency have improved significantly. But it also faces a few challenges in the form of high motorised wheelchair production expenses and lack of supporting infrastructure like wheelchair ramps. These obstacles are expected to ease during the forecast period of 2016-2022.
The Electric Wheel Chair Market expects the primary growth drivers to be a few factors like: growing population of the elderly across the world; need for electric powered wheelchairs among disabled and rich individuals; rising consumer awareness; development of infrastructure and wheelchair accessories; and a requirement for advanced wheelchair technology in the sports industry.
Currently, the growth of the Electric Wheel Chair Market is being driven by demand from North America owing to government initiatives providing medical insurance to the elderly, Obamacare providing medical facilities at a subsidized rate, relatively high disposable income of the population and the development of advanced technology. Electric wheelchair manufacturers expect Asia-Pacific to exhibit the fastest growth till 2022 due to rising consumer awareness and rapidly developing healthcare facilities in the region.
Segmentations & Key Players Involved in the Electric Wheel Chair Market
According to IndustryARC findings, the Electric Wheel Chair Market can be broken down into various segmentations on the basis of –
Type: Centre Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Standing Electric Wheelchair, Rear Wheel Drive Electric Wheelchair and Others.
Geographical Location: Europe, Asia-Pacific, North America and RoW (Rest of the World).
Some of the key players involved in the Electric Wheel Chair Market according to IndustryARC are as follows:
- Hoveround Corporation
- LEVO AG
- Invacare Corp.
- MEYRA GmbH
- Medical Depot, Inc.
- GF HEALTH PRODUCTS, INC
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
Mr. Sanjay Matthews
#: +1-614-588-8538 (Ext: 101)