The major growth drivers of the global electric wheelchair are growth in the number of the ageing population, rising demand for an advanced electric wheelchair in the sports industry, and upgrading technology. In addition, an electric wheelchair is also in demand with people who have cardiovascular disease or have met an accident. Despite all the opportunities, electric wheelchair also has particular challenges such as frequent product recalls, and its high cost.
The global electric wheelchair top key players are Permobil, Invacare Corporation, Sunrise Medical Limited and OttoBock Healthcare. In 2020 these players continuously developed the products to boost the electric wheelchair market through technology development or mergers and acquisitions.
The report titled “Global Electric Wheelchair Market” By Product (Rear Wheel Drive Wheelchair Drive, Front Wheel Drive Wheelchair Drive, 4 Wheel Drive Electric Wheelchair, Standing Electric Wheelchair, Self Balancing Wheelchair and Remote Control) Battery Type (Dry battery type and Wet battery type) Age group (< 20 years, 21 to < 60 years and > 60 Years) End Users (Care, Hospitals, Clinics, Care Homes and Consumer) Geography (North America, Latin America, Europe, Asia Pacific, Middle East and Africa), Companies (Invacare Corporation, Sunrise Medical Limited, OttoBock Healthcare, Permobil AB)” studies the Electric Wheelchair Industry.
By-Products - This Report Covers Market from 6 Viewpoints
- Rear Wheel Drive Wheelchair Drive
- Front-Wheel Drive Wheelchair Drive
- Wheel Drive Electric Wheelchair
- Standing Electric Wheelchair
- Self Balancing Wheelchair
- Remote Control
By Battery Type - This Report Covers Market from 2 Viewpoints
- Dry Battery Type
- Wet Battery Type
By End Users - This Report Covers Market from 5 Viewpoints
- Care
- Hospitals
- Clinics
- Care Homes
- Consumer
By Geography: This Report Covers Market from 6 Viewpoints
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
All the Key Players have Covered 3 Viewpoints
- Overview
- Recent Developments
- Revenue Analysis
Company - This Report Covers Four Companies Analysis
- Invacare Corporation
- Sunrise Medical Limited
- OttoBock Healthcare
- Permobil AB
What is the estimated value of the Global Electric Wheelchair Market?
What is the growth rate of the Global Electric Wheelchair Market?
What is the forecasted size of the Global Electric Wheelchair Market?
Who are the key companies in the Global Electric Wheelchair Market?
| Report Attribute | Details |
|---|---|
| Published | January 2021 |
| Forecast Period | 2020 - 2026 |
| Estimated Market Value ( USD | $ 5.5 Billion |
| Forecasted Market Value ( USD | $ 9.8 Billion |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 4 |
Table of Contents
Companies Mentioned
- Invacare Corporation
- Sunrise Medical Limited
- OttoBock Healthcare
- Permobil AB
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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