Active Wheelchair market to Eyewitness Huge Marginal Growth by 2027Posted by Mrudula Karmarkar on April 27th, 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. Furthermore, favorable reimbursement policies for the purchase of active wheelchairs, rising incidence of accidents, increasing spending on healthcare infrastructure, and increasing obese population across the globe due to drastic changes in daily lifestyle are also anticipated to propel the growth of the market. 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
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:
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