The Bariatric Transport Wheelchairs market studied is anticipated to grow with a CAGR of nearly 7.2%, during the forecast period. Certain factors that are driving the market growth include rising prevalence of obesity, technological advantages and advancements, increasing healthcare expenditure with rise in disposable income. Obesity has significantly increased worldwide, especially over the past few decades. According to 2018 statistics by the World Health Organization (WHO), the global obesity rate has nearly tripled since 1975.
As per WHO 2018 report on “Obesity and Overweight”, in 2016, more than 1.9 billion adults (18 years and older) were overweight, of which, over 650 million were obese. This accounts for nearly 39% of adults who were overweight and 13% who were obese, worldwide.
The increased prevalence of obesity has been a matter of concern. Obesity has been linked to cause many other dreadful diseases and disorders, like cardiovascular diseases, mainly heart disease and stroke; diabetes; musculoskeletal disorders, especially osteoarthritis, a degenerative disease of the joints; and cancer, including endometrial, breast, ovarian, prostate, liver, gallbladder, kidney, and colon. Childhood obesity is associated with a higher chance of obesity in adulthood and may even lead to premature death and disability. Moreover, obese children tend to experience breathing difficulties, increased risk of bone fractures, hypertension, early markers of cardiovascular disease, insulin resistance. It may also affect the patient psychologically.
Key Market Trends
Automated Bariatric Wheelchair Shows Lucrative Growth Opportunity in the Global Bariatric Transport Wheelchairs Market
The primary benefit of having an automated or powered wheelchair over a manual one is a small electric motor. The electric motor has a capacity to move the power wheelchair in a much easier and simple manner. Powered wheelchairs also offer the benefit os quick and easy maneuver, owing to the fact that by providing free movement of the automated wheelchair while turning circles, the user can direct through small areas vaery easily.
As the majority of the obese patients often have lesser upper body control, problems associated with free movement, and lesser core arm strength, using an automated wheelchair is the most convenient way of their mobility. Electric wheelchair enables the patients to easily move around without resulting in any kind of strain to their body.
North America Dominates the Global Bariatric Transport Wheelchairs Market
North America dominated the overall market with the United States contributing to the largest share in the market. Overall, the large market share is due to the increasing number of obese population across the region. Another driving factor is due to the availability of better healthcare infrastructure in the region and the rising awareness about facilities available for obese people. In the North American region, the United States holds the largest market share.
The number of people suffering from obesity in America have been increasing. In 2018, the Centers for Disease Control and Prevention (CDC) estimated that around 39.8% of American adults are obese. Thus, obesity is linked to an increasing number of bariatric surgeries performed each year. The prevalence of obesity is on the rise, and bariatric wheel chair has proven to be effective in the life of an obese individual.
The global Bariatric Transport Wheelchairs market is moderately competitive and consists of a few major players. Companies like 21st Century Scientific Inc., Bios Medical, Drive Medical Design and Manufacturing, GF Health Products Inc., Invacare Corporation, Karman Healthcare, Medline, Industries Inc., Pride Mobility, Sunrise Medical LLC, among others, hold the substantial market share in the market.
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Table of Contents
1.2 Study Assumptions
1.3 Scope of the Study
4.2 Market Drivers
4.2.1 Rising Prevalence of Obesity
4.2.2 Technological Advantages and Advancements
4.2.3 Increasing Healthcare Expenditure with Rise in Disposable Income
4.3 Market Restraints
4.3.1 Associated Cost Constraints
4.3.2 Low Acceptance Rate with Lack of Skilled Staff or Care Givers
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.2 By End-User
5.2.2 Home Care
5.3.1 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
188.8.131.52 South Africa
184.108.40.206 Rest of Middle-East and Africa
5.3.5 South America
220.127.116.11 Rest of South America
6.1.1 21st Century Scientific Inc.
6.1.2 Bios Medical
6.1.3 Drive Medical Design and Manufacturing
6.1.4 GF Health Products Inc.
6.1.5 Invacare Corporation
6.1.6 Karman Healthcare
6.1.7 Medline Industries Inc.
6.1.8 Pride Mobility
6.1.9 Sunrise Medical LLC
A selection of companies mentioned in this report includes:
- 21st Century Scientific Inc.
- Bios Medical
- Drive Medical Design and Manufacturing
- GF Health Products Inc.
- Invacare Corporation
- Karman Healthcare
- Medline Industries Inc.
- Pride Mobility
- Sunrise Medical LLC