Electric wheelchairs are powered with a set of batteries that provides the required power for the movement of wheelchair in the desired direction causing less physical exertion. These chairs do not require any human assistance for mobility as these are automated. The global electric wheelchairs market is expected to reach $4,846 million by 2022, registering a CAGR of 17.1% from 2016 to 2022. Research Beam Model: Research Beam Product ID: 1544522 5370 USD New
Electric Wheelchair Market Size & Share by Product type, 2022
 

Electric Wheelchair Market by Product type (Centre Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchair) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

Electric Wheelchair Market by Product type (Centre Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchair) - Global Opportunit

Category : Consumer Goods
Published On : April  2017
Pages : 120

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Electric wheelchairs are powered with a set of batteries that provides the required power for the movement of wheelchair in the desired direction causing less physical exertion. These chairs do not require any human assistance for mobility as these are automated. The global electric wheelchairs market is expected to reach $4,846 million by 2022, registering a CAGR of 17.1% from 2016 to 2022.

Factors that strengthen the growth of this market include growth in elderly population globally, necessity for automated independent wheelchairs, increase in government expenditure on healthcare, and high disposable income from developed countries, such as U.S., UK, Germany, and others. However, factors that hinders the market growth are high cost of power wheelchairs, lack of awareness about benefits of power wheelchairs, and infrastructure. Moreover, launch of smart wheelchairs equipped with artificial intelligence control systems and increase in active and independent lifestyles offer potential opportunities for manufacturers to innovate and develop new products according to consumer preferences.

Currently, the global electric wheelchairs market has witnessed a balanced growth and is anticipated to grow with a steady CAGR during the forecast period. There has been a considerable rise in disposable incomes over the past decade, which has resulted in improved spending capacity of the consumers on health & medical facilities. Moreover, improvement in standard of living, change in lifestyles, and varied cultures, encourages the growth of the electrical wheelchairs market. North America and Asia-Pacific are the significant markets for electric wheelchairs. The North American electric wheelchairs market is expected to grow at a CAGR of 16.4% to reach $2,192 million by 2022.

The global electric wheelchairs market is segmented on the basis of product type and geography. Based on type, it is classified into center wheel drive, front-wheel drive, rear-wheel drive, standing electric wheelchair, and others. The others segment includes sports-wheelchairs, pediatric-wheelchairs, and high-power electric wheelchairs. Among these products, the center-wheel drive segment is in demand and holds a significant share of around 47% in global electric wheelchairs market in the year 2015.

The key players profiled in the report are Drive Medical Ltd., GF Health Products, Inc., Invacare Corporation., Karman Healthcare, LEVO AG, MEYRA GmbH, OttoBock Healthcare GmbH, Pride Mobility Products Corp, Permobil AB, and Sunrise Medical Limited.

Geographically, the market is analyzed across four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the global market during the analysis period, due to the presence of a large number of established manufacturers of electric wheelchairs in the U.S. and Canada. The market in the Asia-Pacific is expected to grow at a significant rate, owing to the rise in geriatric population and rise in expenditures in emerging markets (India and China) to overcome the unmet medical needs. Technological advancements to develop cost-effective power wheelchairs in these nations offer lucrative opportunities for global electric wheelchairs industry growth.

Key Benefits

  • This report provides quantitative and qualitative analyses of the current market trends and estimations from 2014 to 2022, which assist to identify the prevailing market opportunities in different product segments.
  • It outlines the current trends and future scenarios to determine the overall market potential and gain stronger market foothold.
  • Key drivers, restraints, and opportunities, and their detailed impact analysis are elucidated.
  • Electric wheelchairs market trends of major countries in each region are mapped according to the estimated revenue.
  • Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, strength of the buyers, and strength of suppliers.
  • Key manufactures of global electric wheelchairs industry products are profiled and their recent developments are listed.

Electric Wheelchair Market Key Segments:

By Product Type

  • Centre Wheel Drive
  • Front Wheel Drive
  • Rear Wheel Drive
  • Standing Electric Wheelchair
  • Others (Sports Wheelchair, Pediatric Wheelchair, and High-Power Wheelchair)

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Italy
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • OttoBock Healthcare GmbH
  • Invacare Corporation
  • Pride Mobility Products Corp.
  • Permobil AB
  • Sunrise Medical Limited
  • Drive Medical Ltd.
  • Karman Healthcare
  • GF Health Products, Inc.
  • LEVO AG
  • MEYRA GmbH

Other companies mentioned in the report

  • Antano Group
  • 21st Century SCIENTIFIC Inc.
  • Hoveround Corporation
  • MERITS CO. LTD.
  • Ostrich Mobility Instruments.
  • KrosMedical Europe
  • GUANGZHOU TOPMEDI CO., LTD.

CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top factors impacting the market
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. Low threat of substitution
3.3.4. Moderate threat of new entrants
3.3.5. High competitive rivalry

3.4. MARKET SHARE ANALYSIS, 2015
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Ageing population
3.5.1.2. Increase in spinal deformities
3.5.1.3. Increase in obese population
3.5.1.4. Increase in incidence of disabilities and accidents

3.5.2. Restraints

3.5.2.1. Inaccessibility to quality healthcare in developing regions
3.5.2.2. High cost

3.5.3. Opportunities

3.5.3.1. Emergence of technologically advanced products
3.5.3.2. Untapped opportunities in developing and under developed economies

CHAPTER 4 GLOBAL ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. REAR WHEEL DRIVE

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. FRONT WHEEL DRIVE

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.4. CENTER WHEEL DRIVE

4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast

4.5. STANDING ELECTRIC WHEELCHAIR

4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast

4.6. OTHERS

4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast

CHAPTER 5 GLOBAL ELECTRIC WHEELCHAIRS MARKET, BY GEOGRAPHY

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. NORTH AMERICA

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.2.3.1. U.S.
5.2.3.2. Canada
5.2.3.3. Mexico

5.3. EUROPE

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.3.3.1. UK
5.3.3.2. Germany
5.3.3.3. France
5.3.3.4. Italy
5.3.3.5. Rest of Europe

5.4. ASIA-PACIFIC

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

5.4.3.1. China
5.4.3.2. India
5.4.3.3. Japan
5.4.3.4. South Korea
5.4.3.5. Rest of Asia-Pacific

5.5. LAMEA

5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast

5.5.3.1. Latin America
5.5.3.2. Middle East
5.5.3.3. Africa

CHAPTER 6 COMPANY PROFILES

6.1. DRIVE MEDICAL LTD.

6.1.1. Company overview
6.1.2. Business performance
6.1.3. Operating business segments
6.1.4. Key strategic moves and developments

6.2. INVACARE CORPORATION

6.2.1. Company overview
6.2.2. Business Performance
6.2.3. Operating business segments
6.2.4. Key strategic moves and developments

6.3. GF HEALTH PRODUCTS, INC.

6.3.1. Company overview
6.3.2. Business performance
6.3.3. Operating business segments
6.3.4. Key strategic moves and developments

6.4. KARMAN HEALTHCARE

6.4.1. Company overview
6.4.2. Business performance
6.4.3. Operating business segments
6.4.4. Key strategic moves and developments

6.5. LEVO AG

6.5.1. Company overview
6.5.2. Business performance
6.5.3. Operating business segments
6.5.4. Key strategic moves and developments

6.6. MEYRA GMBH

6.6.1. Company overview
6.6.2. Business performance
6.6.3. Operating business segments
6.6.4. Key strategic moves and developments

6.7. OTTOBOCK HEALTHCARE GMBH

6.7.1. Company overview
6.7.2. Business performance
6.7.3. Operating business segments
6.7.4. Key strategic moves and developments

6.8. PERMOBIL AB

6.8.1. Company overview
6.8.2. Business performance
6.8.3. Operating business segments
6.8.4. Key strategic moves and developments

6.9. PRIDE MOBILITY PRODUCTS CORP.

6.9.1. Company overview
6.9.2. Business performance
6.9.3. Operating business segments
6.9.4. Key strategic moves and developments

6.10. SUNRISE MEDICAL LIMITED

6.10.1. Company overview
6.10.2. Business performance
6.10.3. Operating business segments
6.10.4. Key strategic moves and developments

LIST OF TABLES

TABLE 1. GLOBAL ELECTRIC WHEELCHAIRS MARKET REVENUE, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 2. ELECTRIC WHEELCHAIRS MARKET REVENUE FROM REAR WHEEL DRIVE, BY REGION, 2014-2022 ($MILLION)
TABLE 3. ELECTRIC WHEELCHAIRS MARKET REVENUE FROM FRONT WHEEL DRIVE, BY REGION, 2014-2022 ($MILLION)
TABLE 4. ELECTRIC WHEELCHAIRS MARKET REVENUE FROM CENTER WHEEL DRIVE, BY REGION, 2014-2022 ($MILLION)
TABLE 5. ELECTRIC WHEELCHAIRS MARKET REVENUE FROM STANDING ELECTRIC WHEELCHAIR, BY REGION, 2014-2022 ($MILLION)
TABLE 6. ELECTRIC WHEELCHAIRS MARKET REVENUE FROM OTHERS, BY REGION, 2014-2022 ($MILLION)
TABLE 7. GLOBAL ELECTRIC WHEELCHAIRS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 8. NORTH AMERICA ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 9. NORTH AMERICA ELECTRIC WHEELCHAIRS MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 10. EUROPE ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 11. EUROPE ELECTRIC WHEELCHAIRS MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 12. ASIA-PACIFIC ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 13. ASIA-PACIFIC ELECTRIC WHEELCHAIRS MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 14. LAMEA ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 15. LAMEA ELECTRIC WHEELCHAIRS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 16. DRIVE MEDICAL LTD.: COMPANY SNAPSHOT
TABLE 17. DRIVE MEDICAL LTD.: OPERATING SEGMENT
TABLE 18. DRIVE MEDICAL LTD.: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 19. INVACARE CORPORATION.: COMPANY SNAPSHOT
TABLE 20. INVACARE CORPORATION: OPERATING SEGMENTS
TABLE 21. INVACARE CORPORATION: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 22. GF HEALTH PRODUCTS, INC.: COMPANY SNAPSHOT
TABLE 23. GF HEALTH PRODUCTS, INC.: OPERATING SEGMENTS
TABLE 24. GF HEALTH PRODUCTS, INC.: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 25. KARMAN HEALTHCARE.: COMPANY SNAPSHOT
TABLE 26. KARMAN HEALTHCARE: OPERATING SEGMENTS
TABLE 27. KARMAN HEALTHCARE: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 28. LEVO AG.: COMPANY SNAPSHOT
TABLE 29. LEVO AG: OPERATING SEGMENTS
TABLE 30. LEVO AG: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 31. MEYRA GMBH.: COMPANY SNAPSHOT
TABLE 32. MEYRA GMBH: OPERATING SEGMENTS
TABLE 33. MEYRA GMBH: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 34. OTTOBOCK HEALTHCARE GMBH.: COMPANY SNAPSHOT
TABLE 35. OTTOBOCK HEALTHCARE GMBH: OPERATING SEGMENTS
TABLE 36. OTTOBOCK HEALTHCARE GMBH: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 37. PERMOBIL AB.: COMPANY SNAPSHOT
TABLE 38. PERMOBIL AB: OPERATING SEGMENTS
TABLE 39. PERMOBIL AB: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 40. PRIDE MOBILITY PRODUCTS CORP.: COMPANY SNAPSHOT
TABLE 41. PRIDE MOBILITY PRODUCTS CORP.: OPERATING SEGMENTS
TABLE 42. PRIDE MOBILITY PRODUCTS CORP.: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 43. SUNRISE MEDICAL LIMITED.: COMPANY SNAPSHOT
TABLE 44. SUNRISE MEDICAL LIMITED: OPERATING SEGMENTS
TABLE 45. SUNRISE MEDICAL LIMITED: STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 1. SEGMENTATION OF GLOBAL ELECTRIC WHEELCHAIRS MARKET
FIGURE 2. EXECUTIVE SUMMARY OF GLOBAL ELECTRIC WHEELCHAIRS MARKET
FIGURE 3. TOP FACTORS IMPACTING THE GLOBAL ELECTRIC WHEELCHAIRS MARKET
FIGURE 4. TOP INVESTMENT POCKETS
FIGURE 5. PORTERS FIVE FORCES MODEL
FIGURE 6. POPULATION BY AGE GROUP (2000 & 2050)
FIGURE 7. GLOBAL OBESITY RATES, 2013
FIGURE 8. GLOBAL ELECTRIC WHEELCHAIRS MARKET SHARE, BY PRODUCT TYPE, 2014-2022 (%)
FIGURE 9. ELECTRIC WHEELCHAIRS MARKET SHARE FROM REAR WHEEL DRIVE, BY REGION, 2014-2022 (%)
FIGURE 10. ELECTRIC WHEELCHAIRS MARKET SHARE FROM FRONT WHEEL DRIVE, BY REGION, 2014-2022 (%)
FIGURE 11. ELECTRIC WHEELCHAIRS MARKET SHARE FROM CENTER WHEEL DRIVE, BY REGION, 2014-2022 (%)
FIGURE 12. ELECTRIC WHEELCHAIRS MARKET SHARE FROM STANDING ELECTRIC WHEELCHAIR, BY REGION, 2014-2022 (%)
FIGURE 13. ELECTRIC WHEELCHAIRS MARKET SHARE FROM OTHERS, BY REGION, 2014-2022 (%)
FIGURE 14. GLOBAL ELECTRIC WHEELCHAIRS MARKET SHARE, BY REGION, 2016 (%)
FIGURE 15. NORTH AMERICA ELECTRIC WHEELCHAIRS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2014-2022 ($MILLION)
FIGURE 16. NORTH AMERICA ELECTRIC WHEELCHAIRS MARKET SHARE, BY COUNTRY, 2014-2022 (%)
FIGURE 17. EUROPE ELECTRIC WHEELCHAIRS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2014-2022 ($MILLION)
FIGURE 18. EUROPE ELECTRIC WHEELCHAIRS MARKET SHARE, BY COUNTRY, 2014-2022 (%)
FIGURE 19. ASIA-PACIFIC ELECTRIC WHEELCHAIRS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2014-2022 ($MILLION)
FIGURE 20. ASIA-PACIFIC ELECTRIC WHEELCHAIRS MARKET SHARE, BY COUNTRY, 2014-2022 (%)
FIGURE 21. LAMEA ELECTRIC WHEELCHAIRS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2014-2022 ($MILLION)
FIGURE 22. LAMEA ELECTRIC WHEELCHAIRS MARKET SHARE, BY REGION, 2014-2022 (%)

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