Stairlifts Market: Foresees Skyrocketing Growth in the Coming Years Wheelchairs Market

Wheelchairs Market Size, Shares, Demand and
Industrial Progress 2018 to 2026
Wheelchairs are primarily designed for disable individuals for the ease of indoor and outdoor locomotion
purpose. Various types of wheelchairs are available in the market, such as recliner wheelchairs, active
wheelchairs (sports wheelchairs), transport wheelchairs, and standing wheelchairs. Two major types of
wheelchairs are manual wheelchairs and electric wheelchair. Manual wheelchair is cost effective than
electric wheelchairs as it requires less maintenance. The recent past has witnessed a rising trend of
consumers opting for highly customized wheelchairs, which in turn creates a highly conducive
environment for growth of the global wheelchairs market. Major players in the market are inclined
towards inorganic growth strategies in order to enhance their product portfolio. For example, Permobil
AB acquired five companies during 2013-2017 in order to significantly strengthen its global footprint.
Request Sample Copy of Research Report:
https://www.coherentmarketinsights.com/insight/request-sample/457
Rise in aging population is expected to favor the growth of wheelchair market
North America accounts for the largest share in the global wheelchair market, followed by Europe and
Asia Pacific. Mostly wheelchairs are used by elder people who are near to the age of 60’s and above. As
per Population Reference Bureau 2016 report, in the U.S. around 46 million people of age 60 and above
are estimated to use wheel chair, the number is expected to reach around 98 million by 2060 supporting
the share of North America for the wheelchairs market. Asia Pacific region is expected to show growth
in wheel chair market, owing to increasing population in economies like China and India. Major
investments in healthcare fuels the growth of wheelchairs market in this region. The wheelchairs market
is expected to show high growth rate in Asia-Pacific region over the forecast period as Asia consist of
60% of the world’s current population.
According to National Institute on Aging in 2010, 524 million people were estimated to be of age 65 or
older, which is 8% of the world's population. The number is expected to be nearly triple to 1.5 billion,
representing 16% of the world's population by 2050. The above mentioned statistics is expected favor the
growth of Wheelchairs market globally.
Report includes chapters which deeply display the following deliverable about industry :