Get To Know More Myths & Facts About Active Wheelchair Market

Posted by Mrudula Karmarkar on January 17th, 2022

The global active wheelchair market size is expected to reach USD 2.3 billion by 2027, expanding at a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Surge in the geriatric and disabled population along with the rising prevalence of chronic diseases in the geriatric population are some of the key factors propelling the market growth.

Aging usually reduces the ability to move and perform physical tasks to maintain independent functioning. The increasing geriatric population is likely to create more demand for active wheelchairs over the forecast period. Moreover, they are more prone to falls, which can cause fatal or non-fatal injuries. The Western Europe region has the highest fall-related incidence and mortality rates in aged people. As per a research article published by Injury Prevention, in 2017, around 11.7 million aged people sought medical attention due to an injury, of which 8.4 million were owing to fall-related injuries. An increasing number of elderly people and rising incidents of falls in the elderly are projected to drive demand for active wheelchairs during the forecast period.

The introduction of technologically advanced active wheelchairs is also expected to drive the market as it provides more comfort to the users. In addition, increasing government initiatives to support the elderly and disabled population is boosting the market. For instance, the U.S. government provides various disability services to its citizens such as insurance for short-term and long-term disability, financial assistance & support services for the disabled, and education & jobs for persons with disabilities. In 2017, the Government of India offered free eldercare assistive devices under RashtriyaVayoshriYojana (RVY) to senior citizens belonging to lower economic strata of the country.

To Request Sample Copy of this report, click the link:

https://www.grandviewresearch.com/industry-analysis/active-wheelchair-market/request/rs1

Active wheelchairs are used daily and are generally more of an upscale product than standard wheelchairs. It includes wheelchairs for people that choose to remain physically active. Active wheelchairs constitute the majority of sports wheelchairs. These wheelchairs are easy to maneuver and are typically available in two varieties: folding and rigid. They can be adjusted to suit the user’s needs and their active lifestyle. The continuous improvement in active wheelchair efficiency, rising geriatric population with disability, increasing prevalence of chronic diseases, and increasing government initiatives to support the geriatric and disabled population are expected to drive the market over the forecast period.

Active Wheelchair Market Report Highlights

  • The manual wheelchairs segment was the largest segment in 2020 owing to the low cost of the product and continuous technological advancement to meet the increasing demand in the emerging countries
  • The powered wheelchairs segment is expected to register higher CAGR over the forecast period owing to an increase in product demand especially in developed countries such as the U.S. and Germany
  • Cerebral Palsy was the largest indication segment in 2020 owing to the higher global prevalence of the condition and support offered by the active wheelchairs to the patient with cerebral palsy
  • Europe dominated the market in 2020 with a 33.5% revenue share due to an increase in healthcare expenditure and growing geriatric and disabled population in the region
  • Asia Pacific is expected to register a higher CAGR over the forecast period owing to rising awareness levels and increasing disposable income in the region.

To sustain in the highly competitive environment and to improve market share, the key companies are adopting new product launch as a key strategy. For instance, in March 2020, Invacare Corporation launched the new Invacare AVIVA FX Power Wheelchair, which is designed to meet the performance needs of active users. Some of the prominent players in the active wheelchair market include:

  • Sunrise Medical
  • Mountain Trike
  • Numotion
  • Invictus Active
  • Karman Healthcare, Inc.
  • PER4MAX Medical
  • MEYRA GmbH
  • Spinlife
  • Sportaid

Mrudula Karmarkar

About the Author

Mrudula Karmarkar
Joined: March 30th, 2020
Articles Posted: 134

BitKong: Fairest and most thrilling Bitcoin casino on the market
Win serious funds fast when you stack the BitKong bonus combo, cash in on the referral program, or hit the massive jackpot then walk away with your life changed.
Claim 1 FREE Stock! No Purchase Necessary!
You have a 100% chance of receiving one free stock! Click to claim and have a chance to get one share of Facebook, Visa, Microsoft and others for free!
FREE App - Earn up to 25/gal cash back on gas!
Download this FREE app and earn cash-back when you buy gas, groceries and food! 100% FREE to join and FREE to earn cash back on your everyday purchases!
Quality Office Furniture USA Shipped Direct - Madison Liquidators
Nationwide vendor of quality office furnishings including Desks, Office Chairs, Conference Tables, Cubicles and more!
Earn HNT Tokens with a Helium Hotspot!
Pre-Order a Helium hotspot and earn HNT tokens that are redeemable for USD. Set it and forget it!
Lolli: Earn Free Bitcoin When You Shop Online!
Lolli is a rewards application that gives you bitcoin for shopping at your favorite online stores.