October 12, 2022 08:35 ET | Source: Custom Market Insights Custom Market Insights
Sandy, Utah, USA, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Electric Wheelchair Market Size, Trends and Insights By Product (Center Wheel Drive, Standing Electric Wheelchairs, Rear Wheel Drive, Front Wheel Drive), By Type (Adult Wheelchairs, Pediatric Wheelchairs), By End-users (Hospital, Home-Care Setting), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for Global Electric Wheelchair Market size & share was valued at approximately USD 3.8 Billion in 2021 and is expected to reach a value of around USD 7.14 Billion by 2030, at a compound annual growth rate (CAGR) of about 7% during the forecast period 2022 to 2030.”
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When powered by electricity, the electric wheelchair primarily relies on motors and batteries to move from one location to another. A joystick is typically used to choose the intended direction of movement for training purposes. This device allows the user to move around more efficiently using electric propulsion. Another tool included with the electric wheelchair is a ball, which makes moving about easier and turns off the alternating current or battery-powered motor that drives it.
The market for electric wheelchairs has rapidly expanded due to the rising demand for these sophisticated devices.
(A free sample of the Electric Wheelchair report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
(Please note that the sample of the Electric Wheelchair report has been modified to include the COVID-19 impact study prior to delivery.)
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The market is growing due to rising technological and IoT improvements, including intelligent voice assistance and extra new capabilities, and increased investments by numerous companies in product improvement and technology development. Furthermore, the market is anticipated to grow in the upcoming years due to increased wheelchair supply, rising consumer awareness, and beneficial government initiatives. As a result, the production of wheelchairs will advance technologically, which will help the electric wheelchair business.
Paralympic sports are becoming more and more well-liked, helping the industry grow. There are also favorable reimbursement policies and customization options available. In addition, there is a global demand for electric wheelchairs due to the spread of the coronavirus disease (COVID-19) and hospital admissions.
Key questions answered in this report:
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The electric wheelchair market is classified into product, type, and end-users. Due to this industry’s quick supply and demand cycles, the hospital segment has dominated the market regarding end-users. Patients typically attend a hospital after suffering an injury or becoming disabled. The patient is advised to use a wheelchair here for the first time. As a result, the supply of the electric wheelchair segment is now open to the possibility of selling to hospitals. These goods are frequently used to move patients from one location to another to ensure the patient’s most excellent comfort and safety.
With the prevalence of various physical immobility problems rising and the ageing populations in North American nations such as the U.S. and Canada, the market for electric wheelchairs is expanding quickly. Therefore, several market companies invest more in R&D projects to take advantage of current prospects.
Furthermore, during the forecast period, the electric wheelchair market in the Asia Pacific region is anticipated to grow at the fastest rate. The growing need for intelligent wheelchairs among disabled people experiencing mechanical, perceptual, or cognitive loss could be seen as a potential opportunity in Asia Pacific nations. Factors contributing to the market’s growth in this area include:
Click Here to Access a Free Sample Report of the Global Electric Wheelchair Market @ https://www.custommarketinsights.com/report/electric-wheelchair-market/
There is fierce competition in the market for electric wheelchairs between new and established manufacturers. This has opened the door for product development, collaborative ventures, and mergers and acquisitions to retain the electric wheelchair market‘s dominance. For instance, Drive Medical consolidated its product portfolio by purchasing Med quip Inc. Another such is the collaboration between Innova Care Concepts and Permobil to provide electric-powered wheelchairs.
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Some of the prominent players
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Browse the full “Electric Wheelchair Market Size, Trends and Insights By Product (Center Wheel Drive, Standing Electric Wheelchairs, Rear Wheel Drive, Front Wheel Drive), By Type (Adult Wheelchairs, Pediatric Wheelchairs), By End-users (Hospital, Home-Care Setting), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/electric-wheelchair-market/
The global Electric Wheelchair market is segmented as follows:
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On the basis of Geography
The Middle East & Africa
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Click Here to Get a Free Sample Report on the Global Electric Wheelchair Market @ https://www.custommarketinsights.com/report/electric-wheelchair-market/
Click Here to Get a Free Sample Report on the Global Electric Wheelchair Market @ https://www.custommarketinsights.com/report/electric-wheelchair-market/
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This Electric Wheelchair Market Research/Analysis Report Contains Answers to the following Questions.
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Reasons to Purchase Electric Wheelchair Market Report
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