Global Active Wheelchair Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Active Wheelchair Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global active wheelchair market has been segmented on the basis of product type, indication, as well as regions and countries.
Active wheelchair, refers to a wheelchair that enables its user to be more active. They are relatively easy to maneuver and resemble a majority of sports wheelchairs that are available in the market today. There is no particular one-size or design suits all type of product, the correct fit and comfort levels vary according to personal preferences.
The increasing adoption of active wheelchairs by individuals owing to favorable features such as ease of use, etc., as well as the growing awareness among individuals concerning the benefits of healthier lifestyles are some of the primary factors that are expected to continue to boost the revenue growth of the global active wheelchair market over the next 10 years.
Moreover, the increasing incorporation of various technological advancements by key industry players to improve the quality of their respective end-products, as well as the levels of comfort offered to its users are also factor slated to positively influence market growth of this global market in the coming years.
Furthermore, ever-expanding geriatric populations across the world, who are more susceptible to disorders that would increase their likelihood of using a wheelchair is another factor that is expected to contribute to the revenue growth of the global active wheelchair market in the years to come.
In light of the recent COVID-19 outbreak, the operations of numerous industries have been either temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global active wheelchair industry is no different, and this factor is expected to negatively impact market growth in the years to come.
Nonetheless, steady growth in the adoption of active wheelchairs in emerging economies, increasing disposable incomes of individuals across the world, as well as favorable reimbursement policies and product approvals are also factors that are anticipated to have a positive influence on the revenue growth of the global active wheelchair market over the next decade.
Segmentation of the global active wheelchair market is as follows:
In terms of product type, the manual wheelchairs segment accounted for the maximum number of revenue shares of the global active wheelchairs market in 2020, and is indicative of indexing a high CAGR in the years to come. This can be attributed to their lightweight designs, as well as low maintenance costs. However, the power wheelchairs segment is slated to index the highest CAGR over the forecast period, owing to their increased convenience and growing adoption rates, especially in emerging economies.
With respect to indication, the cerebral palsy segment accounted for the maximum number of revenue shares in 2020, due to the higher dependency levels on active wheelchairs by individuals suffering from this disorder as well as the increasing prevalence of cerebral palsy across the world. However, the spinal cord injury segment is anticipated to register the fastest rate of revenue growth owing to the increasing prevalence of individuals suffering with injuries of this nature.
Regional Segmentation and Analysis:
The markets in Europe accounted for the highest number of revenue shares of the global active wheelchair market in 2020, and are slated to index a considerable rate of revenue growth over the forecast period. However, the markets in the Asia Pacific region are expected to register the fastest rate of revenue growth in the years to come. This can be attributed to the growing awareness levels concerning the use of active wheelchairs, as well as the steady increase in disposable incomes among individuals in this region.
Segmentation of the Global Active Wheelchair Market:
Segmentation by Product Type:
- Manual Wheelchairs
- Power Wheelchairs
Segmentation by Indication:
- Alzheimer’s Disease
- Amyotrophic lateral sclerosis (ALS)
- Multiple Sclerosis
- Cerebral Palsy
- Muscular Dystrophy
- Parkinson’s Disease
- Spina Bifida
- Spinal Cord Injury
Segmentation by Regions:
- North America
- South America
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Sunrise Medical Inc.
- Mountain Trike
- Invictus Active
- Karman Healthcare Inc.
- PER4MAX Medical (P4X Inc.)
- MEYRA GmbH
- Spinlife LLC
- Sportaid (SRG Inc.)
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