DUBLIN--(BUSINESS WIRE )--The "Global Wheelchair Market Research and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The global wheelchair market is growing at a considerable CAGR of 6.2% during the forecast period. The rising number of accidents is one of the prime factors affecting and driving the market.

Increasing per capita healthcare expenditure, and government initiatives are also estimated to be the prime factors that are contributing significantly towards the growth of the market. However, the rising adoption of prosthetics along with high-cost involvement is major factors constraints that are hindering the growth of the global wheelchair market across the globe.

Moreover, the development of a hybrid concept wheelchair is one of the key factors that are creating opportunities for the market. New product launches in the market are likely to drive the growth of the global wheelchair market. For instance, in March 2020, Sunrise Medical had officially announced the bringing of its narrowest power wheelchair. The Q300 M Mini power wheelchair is made in order to navigate in spaces that are crowded and compact.

The wheelchair is having a small 17-inch turning radius that empowers it to turn on the spot. Further, with the support and presence of Q300 M Mini, it can efficiently turn around in close spaces that include even the lifts. Additionally, the chair is weightless and powered by strong Group 22 - 50 Ah batteries that are built-in.

Impact of COVID-19 on the Global Wheelchair Market

The global wheelchair market is hardly hit by the COVID-19 pandemic since December 2019. The COVID-19 pandemic had disrupted manufacturing and transportation across the globe. The wheelchair operations were also being halted due to the implementation of the lock-down. Additionally, hospitals also have witnessed the shortage of wheelchairs as many people admitted due to COVID-19 especially the old age group. Moreover, with the unlock process the operation is likely to increase the output of the market for its customer.

The global wheelchair market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global wheelchair market.

Some factors that are boosting the market growth in North America are the growing geriatric population, leading manufacturers, and key players present that are providing the mobility devices in the region. Additionally, a well-developed infrastructure of healthcare that had led to the increasing adoption of advanced wheelchairs is another factor that is promoting the growth of the market.

Asia-Pacific will have Considerable Growth in the Global Wheelchair Market

Asia-Pacific region is expected to witness significant growth opportunities for the market. Increasing government initiatives along with advancement in technology for better mobility for the disabled population in emerging economies of the region are likely to drive the growth of the regional market. Further due to health availability, rising health care expenditure along with an increased number of accident cases in India, China, and South Korea are also some of the factors that are affecting and impacting the growth in this market.

2.2. Analyst Insight & Current Market Trends

3.3. Impact of Covid-19 on Key Players

5.1. Global Wheelchair Market by Age Group

5.2. Global Wheelchair Market by Operation Mode

5.3. Global Wheelchair Market by Type

5.4. Global Wheelchair Market by End-User

For more information about this report visit https://www.researchandmarkets.com/r/c3wpiw

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900