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.
As the COVID-19 pandemic continues to unfold, medical device companies are finding difficulties in managing their operations. Many companies offering wheelchair have their business operations in the United States and business are adversely being affected by the effects of a widespread outbreak of COVID-19. This has disrupted and restricted company’s ability to distribute products, as well as temporary closures of company’s facilities. However, as vaccines are become available in 2021 the demand for medical equipment like wheelchair is expected to increase. The consistent rise in number of geriatric patients as well as government efforts to keep up for delivering a good care for patients is likely to be in favor for the growth of wheelchair market in North America.
Market Overview and Dynamics
The Wheelchair market in North America is expected to grow from US$ 1,275.1 million in 2021 to US$ 1,973.2 million by 2028; it is estimated to grow at a CAGR of 6.4% 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 North America wheelchair market in 2020. In terms of type, the centre wheel drive segment accounted for the largest share of the North America wheelchair market in 2020. In terms of application, the neurologically impaired segment accounted for the largest share of the North America 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 North America 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, HOVEROUND CORPORATION, LEVO AG, and Permobil.
Reasons to buy report
NORTH AMERICA 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$ 1,275.1 Million |
| Market Size by 2028 | US$ 1,973.2 Million |
| CAGR (2021 - 2028) | 6.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Wheelchair Market is valued at US$ 1,275.1 Million in 2021, it is projected to reach US$ 1,973.2 Million by 2028.
As per our report North America Wheelchair Market, the market size is valued at US$ 1,275.1 Million in 2021, projecting it to reach US$ 1,973.2 Million by 2028. This translates to a CAGR of approximately 6.4% during the forecast period.
The North America 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 North America Wheelchair Market report:
The North America Wheelchair Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Wheelchair Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Wheelchair Market value chain can benefit from the information contained in a comprehensive market report.
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