The Rear Wheel Drive Electric Wheelchair Market demonstrated significant strength in 2020 and is predicted to maintain a stable revenue CAGR throughout the forecast period. The considerable growth in market revenue can be attributed to the increasing adoption of motorized wheelchairs by people with physical disabilities, a rise in the number of road accidents and mishaps, and the growing demand among older adults for improved mobility and convenience.
Electric wheelchairs, which are also referred to as electric-powered wheelchairs or motorized wheelchairs, utilize an electric motor rather than manual power for propulsion. These wheelchairs are primarily used by individuals who are unable to propel manual wheelchairs due to medical conditions or because they find it too difficult or strenuous for certain terrains or distances. Electric wheelchairs are not exclusively designed for people with mobility impairments, but also for those with cardiovascular or other severe medical conditions or mobility difficulties.
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Top Companies Operating in the Global Rear Wheel Drive Electric Wheelchair Market Report:
Invacare Corporation, Sunrise Medical (US) LLC, Permobil Inc., Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Hoveround, Otto Bock, 21st Century Scientific, Inc., MEYRA GmbH, LEVO AG, Merits Health Products Co. Ltd., Segway Inc., Scewo AG, GF Health Products Inc., Karman Healthcare, Inc., KYMCO Healthcare Ltd., SOWECARE B.V., and Nanjing Jin Bai He Medical Apparatus Co., Ltd.
Driving Factors of Rear Wheel Drive Electric Wheelchair Market:
· Increasing prevalence of physical disabilities: With a growing number of people living with physical disabilities, there has been a rise in the demand for electric wheelchairs as they provide greater independence and mobility.
· Technological advancements: Ongoing technological developments in electric wheelchair design have resulted in the creation of more lightweight, portable and user-friendly models that are appealing to a wider range of users.
· Growing geriatric population: The aging of the population has led to an increase in the demand for electric wheelchairs as older adults often require assistance with mobility due to physical impairments.
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Type Outlook (Revenue, USD Billion; 2018-2028)
- Centre Wheel Drive Electric Wheel Chair
- Front Wheel Drive Electric Wheel Chair
- Rear Wheel Drive Electric Wheel Chair
- Standing Electric Wheel Chair
- Others
Category Outlook (Revenue, USD Billion; 2018-2028)
- Pediatric
- Adults
- Geriatrics
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Rehabilitation Centers
- Home
- Sports & Athletics
- Others
Key Takeaways of the Global Rear Wheel Drive Electric Wheelchair Market Report:
· A comprehensive overview of the global Electric Wheelchair industry.
· Accurate market projections in terms of market size, share, and volume.
· Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
· Deep-dive analysis of the upcoming market trends.
· Qualitative and quantitative analyses of the global Rear Wheel Drive Electric Wheelchair Market.
· Elaborate study of the leading regional markets in the global Rear Wheel Drive Electric Wheelchair Market.
· Complete overview of the market’s competitive landscape.
· Brief look at the company profiles and portfolios.
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