LONDON, April 23, 2015 /PRNewswire/ -- Electric
wheelchairs are the battery powered wheelchairs which do not
require any external human assistance for mobility. The user alone
can control the movements with various input devices such as
joysticks, touch pads and other devices. Electric wheelchairs
provide multiple functionalities to assist the user in both indoor
and outdoor activities with nominal human effort. Electric
wheelchairs are not only used by people with traditional mobility
impairments but also by those with cardiovascular conditions.
Electric wheelchairs are sophisticated products and reflect to the
lifestyle of the users.
The global electric wheelchair market is expected to witness
substantial growth during the forecast period. The increase in
aging population globally is stimulating the growing demand for
electric wheelchair. In addition, the growing demand for advanced
wheelchairs from the sports industry is also influencing the growth
of this market. Need for automated mobility for disabled and
elderly population, while performing regular tasks is also
contributing to the growth in demand for electric wheelchairs
globally. High disposable income in countries such as the U.S.,
Canada, the U.K., France, Italy, Germany, and Japan is influencing a positive growth to the
electric wheelchair market.
The developing economies like India, China,
Brazil, Indonesia and others are expected to generate
further demand for electric wheelchairs in the future. With
technological advancement in the electric wheelchair industry, new
products are being developed by the manufacturers with better
efficiencies, functionalities and customization. The sports
industry has recently seen participation of disabled people in
wheelchair based games, both indoor and outdoor. Thus, a major
share of the electric wheelchair market is boosted by the demand
from the sports industry globally. There are some challenges which
the industry faces and few of those have high impacts presently
such as lack of awareness and infrastructure. However, it is
expected that the impacts of these factors is expected to reduce
during the forecast period.
In this report, the market has been segmented based on product type
and geography. It also includes drivers, restraints and
opportunities (DROs), Porter's five forces analysis and value chain
of the electric wheelchair market. The study highlights current
market trends and provides the forecast from 2014 to 2020. The
report covers the current market scenario for electric wheelchairs
and highlights future trends that could affect the demand for the
same. The global electric wheelchair market is expected to observe
a steady growth rate from 2014-20120 at a very high CAGR.
By geography, the market has been segmented into North America, Europe, Asia
Pacific and Rest of the World (RoW). Based on the product
types, the market has been categorized into front wheel drive
wheelchairs, center wheel drive wheelchairs, rear wheel drive
wheelchairs and standing electric wheelchairs. The market size and
forecast from 2014 to 2020 have been provided in the report.
The report also analyzes macroeconomic factors influencing and
inhibiting the growth of the electric wheelchair market. Porter's
five forces analysis offers insight into the market competition
throughout its value chain. The market attractiveness analysis
provided in the report highlights key investing areas in this
industry. The report will help manufacturers, suppliers and
distributors understand the present and future trends in this
market and formulate their strategies accordingly.
This study includes the profiles of key players in the market and
the strategies adopted by them to sustain in the competition.
Recent developments and barriers of the market is expected to help
emerging players to design their strategies in an effective manner.
The study is expected to help key players in broadcast electric
wheelchair manufacturers to formulate and develop new strategies.
The key participants in this market are Invacare Corp., Pride
Mobility Products Corp., Sunrise Medicals, Permobil Corp.,
Handicare, Ottobock Healthcare GmbH, Medort, Drive Medicals Ltd.,
Hoveround Corp.
Global Electric Wheelchair Market: By Product Types
Front Wheel Drive electric wheelchair
Center Wheel Drive electric wheelchair
Rear Wheel Drive electric wheelchair
Standing electric wheelchair
Others
Global Electric Wheelchair Market: By Geography
North America
Europe
Asia Pacific
Rest of the world (RoW)
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