Market Introduction
Patients use wheelchairs when walking is impossible for them due to injury, illness, or disability. There are different types of wheelchairs available in the market, depending on the patient's requirement. There is a wide range of wheelchairs available differing by mechanisms of control, propulsion method, and technology used. There has been a significant effort in the last decade to develop a wheelchair.
Thus, the rising geriatric population is expected to create a significant demand for wheelchair in the coming years, which is further anticipated to drive the wheelchair market.
The current coronavirus (COVID-19) outbreak has been declared by WHO as a Public Health Emergency of International Concern according to the International Health Regulation. Also, the pandemic has halted the adoption of new medical device policy and delayed regulatory approvals and disrupted processes. For instance, Sunrise Medical a wheelchair company based in Germany has reported guidelines for handling wheelchairs during COVID 19 pandemic. These guidelines suggest proper cleaning and disinfection of a wheelchair is essential to prevent the spread of bacteria and viruses such as COVID-19. However, according to British Red Cross, in 2020, the organization provided wheelchair service to around 140 communities across the UK. Also, the organization supplied around 50,000 wheelchairs for patients with permanent as well as temporary mobility conditions. In addition, disrupted supply chains, extended lockdowns, and cancelling of other medical procedures have also negatively affected the growth of the Wheelchair market.
Market Overview and Dynamics
The Wheelchair market in Europe is expected to grow from US$ 1,165.1 million in 2021 to US$ 1,880.2 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028. In March 2020, Invacare Corporation launched of the Invacare AVIVA FX Power Wheelchair with best-in-class design, technology, and performance. In December 2019, Permobil, a leading advanced medical technology player, launched SmartDrive PushTracker E2, an advanced power assist system for manual wheelchairs. The system increases users' ability to move on uneven surfaces, minimizing the possibilities of injuries to shoulders due to strain. Such advancements based on modern technologies are likely to introduce new future trends in the wheelchair market in the coming years.
Key Market Segments
In terms of product, the manual wheelchair segment accounted for the largest share of the Europe wheelchair market in 2020. In terms of type, the centre wheel drive segment accounted for the largest share of the Europe wheelchair market in 2020. In terms of application, the neurologically impaired segment accounted for the largest share of the Europe wheelchair market in 2020. In terms of end user, the rehabilitation centres segment held a larger market share of the wheelchair market in 2020. In terms of usage, the adult segment held a larger market share of the wheelchair market in 2020. In terms of distribution channel, the retail segment held a larger market share of the wheelchair market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the wheelchair market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Invacare Corporation, Medline Industries, Inc., OTTOBOCK, MEYRA GMBH, KARMAN HEALTHCARE, INC, Sunrise Medical, Smile Smart Technology, LEVO AG, and Permobil.
Reasons to buy report
EUROPE WHEELCHAIR MARKET SEGMENTATION
By Product
By Type
By Application
By End User
By Usage
By Distribution Channel
By Country
Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,165.1 Million |
| Market Size by 2028 | US$ 1,880.2 Million |
| CAGR (2021 - 2028) | 7.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
|
The Europe Wheelchair Market is valued at US$ 1,165.1 Million in 2021, it is projected to reach US$ 1,880.2 Million by 2028.
As per our report Europe Wheelchair Market, the market size is valued at US$ 1,165.1 Million in 2021, projecting it to reach US$ 1,880.2 Million by 2028. This translates to a CAGR of approximately 7.1% during the forecast period.
The Europe Wheelchair Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Wheelchair Market report:
The Europe Wheelchair Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Wheelchair Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Wheelchair Market value chain can benefit from the information contained in a comprehensive market report.
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