Electric Wheelchair Market by Product type (Centre Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchair) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022
- ALL1177701
- 120 Pages
- April 2017
- Consumer Goods
The global electric wheelchair market was estimated at $1,597 million in 2015 and expected to reach $4,846 million by 2022 growing at a CAGR of 17.1% during the market forecast period. The global electric wheelchair market witnessed significant growth due to ease of mobility, convenience, growing worldwide elderly population and growing demand for advanced wheelchairs from sports related injuries. Electric wheelchairs are light in weight, generally less than 100 lbs and offer mobility in light package. These electric wheelchairs offer compact size, ideal for confined spaces and narrow doorways. The revenue of the global electric wheelchair market has rapidly increased due to rising trend of automation enabling enhanced return on investment and cost optimization. The demand drivers of the global electric wheelchair market are growing elderly population, necessity of automated wheelchairs for disabled people and high disposable income. However, high cost of electric wheelchair, lack of awareness and infrastructure such as broken pathways, non-availability of ramps in busses and trains for wheelchair users restrict the adoption of electric wheelchairs. The global electric wheelchair market is affected by factors such as increase in spinal cord injuries, ageing population, enhancement in technological advancements and rise in artificial intelligence. These market trends have significantly boosted the global electric wheelchair market. Automation and automatic operations of wheelchairs are in excessive demand among customers in developing nations. A busy life activities and sophisticated lifestyle are two key factors leading to adoption of automated electric wheelchairs. The electric wheelchairs offer both independence and convenience of usage. Electric wheelchairs allow ease of control which helps in instantaneous turns and path changing options. The impact of these factors is expected to increase the demand of electric wheelchair during the market forecast period. The electric wheelchairs are an effective solution to alleviate the impact of mobility limitations for aged population, permitting more efficient ambulation over long and short distances, increased independence and the promise of full participation in community life.
The global electric wheelchair market is segmented based on product type and region. The global electric wheelchair market by product type is classified into front wheel drive, rear wheel drive, center wheel drive, standing electric wheelchair and others. The global electric wheelchair market by region is bifurcated into North America, Europe, Asia-Pacific and LAMEA. The center and front wheel drive segments are majorly in demand and hold a combined market share of around 63% in the global electric wheelchair market in 2015. The front and rear wheel drive segment together accounted for around 26% of the total electric wheelchair market in 2015. The front wheel drive segment is expected to grow at a lucrative CAGR of 18.6% during the market forecast period. North America is expected to dominate the global electric wheelchair market during the market forecast period due to presence of multiple established manufacturers of electric wheelchairs in the U.S and Canada. The Asia-Pacific market is expected to grow at a significant rate due to rise in geriatric population and rise in expenditure in emerging economies to overcome the unmet medical requirements.
The key market players of the global electric wheelchair market are Drive Medical Ltd, GF Health Products Inc, Invacare Corporation, Karman Healthcare, LEVO AG, MEYRA GmbH, OttoBock Healthcare GmbH, Pride Mobility Products Corp, Permobil AB, and Sunrise Medical Limited.
Key Benefits
- This report provides an in-depth analysis of the global electric wheelchairs market to elucidate the potential investment pockets.
- The current trends and future scenarios are outlined to determine the overall market potential and single out profitable trends to gain a stronger foothold in the market.
- This report provides information regarding key drivers, restraints, and opportunities along with their detailed impact analysis.
- Quantitative analysis of the current market trends and future estimations for 2014-2022 are provided to indicate the financial competency.
- Porters Five Forces Model of the industry illustrates the potency of the buyers and suppliers.
Electric Wheelchairs Market Segments
By Product Type
- Centre Wheel Drive
- Front Wheel Drive
- Rear Wheel Drive
- Standing Electric Wheelchair
- Others (Sports Wheelchair, Pediatric Wheelchair, and High-Power Wheelchair)
- By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Italy
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- North America
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top factors impacting the market
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. Low threat of substitution
3.3.4. Moderate threat of new entrants
3.3.5. High competitive rivalry
3.4. MARKET SHARE ANALYSIS, 2015
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Ageing population
3.5.1.2. Increase in spinal deformities
3.5.1.3. Increase in obese population
3.5.1.4. Increase in incidence of disabilities and accidents
3.5.2. Restraints
3.5.2.1. Inaccessibility to quality healthcare in developing regions
3.5.2.2. High cost
3.5.3. Opportunities
3.5.3.1. Emergence of technologically advanced products
3.5.3.2. Untapped opportunities in developing and under developed economies
CHAPTER 4 GLOBAL ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. REAR WHEEL DRIVE
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3. FRONT WHEEL DRIVE
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
4.4. CENTER WHEEL DRIVE
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast
4.5. STANDING ELECTRIC WHEELCHAIR
4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast
4.6. OTHERS
4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast
CHAPTER 5 GLOBAL ELECTRIC WHEELCHAIRS MARKET, BY GEOGRAPHY
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. NORTH AMERICA
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast
5.2.3.1. U.S.
5.2.3.2. Canada
5.2.3.3. Mexico
5.3. EUROPE
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast
5.3.3.1. UK
5.3.3.2. Germany
5.3.3.3. France
5.3.3.4. Italy
5.3.3.5. Rest of Europe
5.4. ASIA-PACIFIC
5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast
5.4.3.1. China
5.4.3.2. India
5.4.3.3. Japan
5.4.3.4. South Korea
5.4.3.5. Rest of Asia-Pacific
5.5. LAMEA
5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast
5.5.3.1. Latin America
5.5.3.2. Middle East
5.5.3.3. Africa
CHAPTER 6 COMPANY PROFILES
6.1. DRIVE MEDICAL LTD.
6.1.1. Company overview
6.1.2. Business performance
6.1.3. Operating business segments
6.1.4. Key strategic moves and developments
6.2. INVACARE CORPORATION
6.2.1. Company overview
6.2.2. Business Performance
6.2.3. Operating business segments
6.2.4. Key strategic moves and developments
6.3. GF HEALTH PRODUCTS, INC.
6.3.1. Company overview
6.3.2. Business performance
6.3.3. Operating business segments
6.3.4. Key strategic moves and developments
6.4. KARMAN HEALTHCARE
6.4.1. Company overview
6.4.2. Business performance
6.4.3. Operating business segments
6.4.4. Key strategic moves and developments
6.5. LEVO AG
6.5.1. Company overview
6.5.2. Business performance
6.5.3. Operating business segments
6.5.4. Key strategic moves and developments
6.6. MEYRA GMBH
6.6.1. Company overview
6.6.2. Business performance
6.6.3. Operating business segments
6.6.4. Key strategic moves and developments
6.7. OTTOBOCK HEALTHCARE GMBH
6.7.1. Company overview
6.7.2. Business performance
6.7.3. Operating business segments
6.7.4. Key strategic moves and developments
6.8. PERMOBIL AB
6.8.1. Company overview
6.8.2. Business performance
6.8.3. Operating business segments
6.8.4. Key strategic moves and developments
6.9. PRIDE MOBILITY PRODUCTS CORP.
6.9.1. Company overview
6.9.2. Business performance
6.9.3. Operating business segments
6.9.4. Key strategic moves and developments
6.10. SUNRISE MEDICAL LIMITED
6.10.1. Company overview
6.10.2. Business performance
6.10.3. Operating business segments
6.10.4. Key strategic moves and developments
LIST OF TABLES
TABLE 1. GLOBAL ELECTRIC WHEELCHAIRS MARKET REVENUE, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 2. ELECTRIC WHEELCHAIRS MARKET REVENUE FROM REAR WHEEL DRIVE, BY REGION, 2014-2022 ($MILLION)
TABLE 3. ELECTRIC WHEELCHAIRS MARKET REVENUE FROM FRONT WHEEL DRIVE, BY REGION, 2014-2022 ($MILLION)
TABLE 4. ELECTRIC WHEELCHAIRS MARKET REVENUE FROM CENTER WHEEL DRIVE, BY REGION, 2014-2022 ($MILLION)
TABLE 5. ELECTRIC WHEELCHAIRS MARKET REVENUE FROM STANDING ELECTRIC WHEELCHAIR, BY REGION, 2014-2022 ($MILLION)
TABLE 6. ELECTRIC WHEELCHAIRS MARKET REVENUE FROM OTHERS, BY REGION, 2014-2022 ($MILLION)
TABLE 7. GLOBAL ELECTRIC WHEELCHAIRS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 8. NORTH AMERICA ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 9. NORTH AMERICA ELECTRIC WHEELCHAIRS MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 10. EUROPE ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 11. EUROPE ELECTRIC WHEELCHAIRS MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 12. ASIA-PACIFIC ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 13. ASIA-PACIFIC ELECTRIC WHEELCHAIRS MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 14. LAMEA ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 15. LAMEA ELECTRIC WHEELCHAIRS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 16. DRIVE MEDICAL LTD.: COMPANY SNAPSHOT
TABLE 17. DRIVE MEDICAL LTD.: OPERATING SEGMENT
TABLE 18. DRIVE MEDICAL LTD.: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 19. INVACARE CORPORATION.: COMPANY SNAPSHOT
TABLE 20. INVACARE CORPORATION: OPERATING SEGMENTS
TABLE 21. INVACARE CORPORATION: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 22. GF HEALTH PRODUCTS, INC.: COMPANY SNAPSHOT
TABLE 23. GF HEALTH PRODUCTS, INC.: OPERATING SEGMENTS
TABLE 24. GF HEALTH PRODUCTS, INC.: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 25. KARMAN HEALTHCARE.: COMPANY SNAPSHOT
TABLE 26. KARMAN HEALTHCARE: OPERATING SEGMENTS
TABLE 27. KARMAN HEALTHCARE: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 28. LEVO AG.: COMPANY SNAPSHOT
TABLE 29. LEVO AG: OPERATING SEGMENTS
TABLE 30. LEVO AG: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 31. MEYRA GMBH.: COMPANY SNAPSHOT
TABLE 32. MEYRA GMBH: OPERATING SEGMENTS
TABLE 33. MEYRA GMBH: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 34. OTTOBOCK HEALTHCARE GMBH.: COMPANY SNAPSHOT
TABLE 35. OTTOBOCK HEALTHCARE GMBH: OPERATING SEGMENTS
TABLE 36. OTTOBOCK HEALTHCARE GMBH: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 37. PERMOBIL AB.: COMPANY SNAPSHOT
TABLE 38. PERMOBIL AB: OPERATING SEGMENTS
TABLE 39. PERMOBIL AB: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 40. PRIDE MOBILITY PRODUCTS CORP.: COMPANY SNAPSHOT
TABLE 41. PRIDE MOBILITY PRODUCTS CORP.: OPERATING SEGMENTS
TABLE 42. PRIDE MOBILITY PRODUCTS CORP.: STRATEGIC MOVES AND DEVELOPMENTS
TABLE 43. SUNRISE MEDICAL LIMITED.: COMPANY SNAPSHOT
TABLE 44. SUNRISE MEDICAL LIMITED: OPERATING SEGMENTS
TABLE 45. SUNRISE MEDICAL LIMITED: STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 1. SEGMENTATION OF GLOBAL ELECTRIC WHEELCHAIRS MARKET
FIGURE 2. EXECUTIVE SUMMARY OF GLOBAL ELECTRIC WHEELCHAIRS MARKET
FIGURE 3. TOP FACTORS IMPACTING THE GLOBAL ELECTRIC WHEELCHAIRS MARKET
FIGURE 4. TOP INVESTMENT POCKETS
FIGURE 5. PORTERS FIVE FORCES MODEL
FIGURE 6. POPULATION BY AGE GROUP (2000 & 2050)
FIGURE 7. GLOBAL OBESITY RATES, 2013
FIGURE 8. GLOBAL ELECTRIC WHEELCHAIRS MARKET SHARE, BY PRODUCT TYPE, 2014-2022 (%)
FIGURE 9. ELECTRIC WHEELCHAIRS MARKET SHARE FROM REAR WHEEL DRIVE, BY REGION, 2014-2022 (%)
FIGURE 10. ELECTRIC WHEELCHAIRS MARKET SHARE FROM FRONT WHEEL DRIVE, BY REGION, 2014-2022 (%)
FIGURE 11. ELECTRIC WHEELCHAIRS MARKET SHARE FROM CENTER WHEEL DRIVE, BY REGION, 2014-2022 (%)
FIGURE 12. ELECTRIC WHEELCHAIRS MARKET SHARE FROM STANDING ELECTRIC WHEELCHAIR, BY REGION, 2014-2022 (%)
FIGURE 13. ELECTRIC WHEELCHAIRS MARKET SHARE FROM OTHERS, BY REGION, 2014-2022 (%)
FIGURE 14. GLOBAL ELECTRIC WHEELCHAIRS MARKET SHARE, BY REGION, 2016 (%)
FIGURE 15. NORTH AMERICA ELECTRIC WHEELCHAIRS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2014-2022 ($MILLION)
FIGURE 16. NORTH AMERICA ELECTRIC WHEELCHAIRS MARKET SHARE, BY COUNTRY, 2014-2022 (%)
FIGURE 17. EUROPE ELECTRIC WHEELCHAIRS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2014-2022 ($MILLION)
FIGURE 18. EUROPE ELECTRIC WHEELCHAIRS MARKET SHARE, BY COUNTRY, 2014-2022 (%)
FIGURE 19. ASIA-PACIFIC ELECTRIC WHEELCHAIRS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2014-2022 ($MILLION)
FIGURE 20. ASIA-PACIFIC ELECTRIC WHEELCHAIRS MARKET SHARE, BY COUNTRY, 2014-2022 (%)
FIGURE 21. LAMEA ELECTRIC WHEELCHAIRS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2014-2022 ($MILLION)
FIGURE 22. LAMEA ELECTRIC WHEELCHAIRS MARKET SHARE, BY REGION, 2014-2022 (%)
Similar Reports
Refrigerated display cases are cabinets with glass surfaces for items, which require cooling or preservation. The cases are ideal for products requiring a regulated temperature to maintain the freshness. These are mostly used in retail stores and food & re...
- Publish Date: May 5, 2016
- $5370
Probiotics are microorganisms, such as bacteria and yeast, that are very useful to sustain the balance of intestinal microbial in human and animal body. Probiotic ingredients stimulate natural digestive juices and enzymes in the body to ensure proper functio...
- Publish Date: August 1, 2016
- $5370
Wearable technology refers to electronics devices that are designed to be worn anywhere around the body thereby enabling hands free operations. Wearable technology products have gained popularity over the past few years, with advancements in technology an...
- Publish Date: April 6, 2017
- $5370
