Manual Wheelchair Segment has the Largest Share of Product in the Europe Wheelchair Market during 2021-2028
According to a new market research study on “Europe Wheelchair Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Product, Type, End-user, Application, Usage, and Distribution Channel” is expected to reach US$ 1,880.2 million by 2028 from US$ 1,165.1 million in 2021. The market is estimated to grow at a CAGR of 7.1% from 2021 to 2028. The report provides trends prevailing in the Europe wheelchair market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the rising population of geriatrics and rise in number of disorders requiring mobility assistance fuel the growth of the market are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the operational difficulties associated with wheelchairs and high cost of powered wheelchairs.
The current coronavirus (COVID-19) outbreak has been declared by WHO as a Public Health Emergency of International Concern according to the International Health Regulation. Also, the pandemic has halted the adoption of new medical device policy and delayed regulatory approvals and disrupted processes. For instance, Sunrise Medical a wheelchair company based in Germany has reported guidelines for handling wheelchairs during COVID 19 pandemic. These guidelines suggest proper cleaning and disinfection of a wheelchair is essential to prevent the spread of bacteria and viruses such as COVID-19. However, according to British Red Cross, in 2020, the organization provided wheelchair service to around 140 communities across the UK. Also, the organization supplied around 50,000 wheelchairs for patients with permanent as well as temporary mobility conditions. In addition, disrupted supply chains, extended lockdowns, and cancelling of other medical procedures have also negatively affected the growth of the wheelchair market.
The market for wheelchair market is segmented into product, type, application, End-user, usage, and distribution channel. Based on product, the wheelchair market is segmented into manual wheelchair, powered/electric wheelchair, and smart wheelchair. In 2020, the manual wheelchair segment accounted for the highest share of the market. Growth of this segment is attributed to the increasing prevalence of chronic conditions and demand for manual wheelchairs in emerging countries. Moreover, the prevalence of knee pain has witnessed massive growth of around 40% during past 4 decades. However, powered/ electric wheelchair segment is projected to register highest CAGR during the forecast period.
Invacare Corporation, Medline Industries, Inc. OTTOBOCK, MEYRA GMBH, KARMAN HEALTHCARE, INC, Sunrise Medical, Smile Smart Technology, LEVO AG, and Permobil are among the leading companies in the Europe wheelchair market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in March 2020, Invacare Corporation has launched of the Invacare AVIVA FX Power Wheelchair. The AVIVA brand has a unique identity that conveys a promise of best-in-class design, technology, and performance.
According to a new market research study on “Europe Wheelchair Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Product, Type, End-user, Application, Usage, and Distribution Channel” is expected to reach US$ 1,880.2 million by 2028 from US$ 1,165.1 million in 2021. The market is estimated to grow at a CAGR of 7.1% from 2021 to 2028. The report provides trends prevailing in the Europe wheelchair market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the rising population of geriatrics and rise in number of disorders requiring mobility assistance fuel the growth of the market are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the operational difficulties associated with wheelchairs and high cost of powered wheelchairs.
The current coronavirus (COVID-19) outbreak has been declared by WHO as a Public Health Emergency of International Concern according to the International Health Regulation. Also, the pandemic has halted the adoption of new medical device policy and delayed regulatory approvals and disrupted processes. For instance, Sunrise Medical a wheelchair company based in Germany has reported guidelines for handling wheelchairs during COVID 19 pandemic. These guidelines suggest proper cleaning and disinfection of a wheelchair is essential to prevent the spread of bacteria and viruses such as COVID-19. However, according to British Red Cross, in 2020, the organization provided wheelchair service to around 140 communities across the UK. Also, the organization supplied around 50,000 wheelchairs for patients with permanent as well as temporary mobility conditions. In addition, disrupted supply chains, extended lockdowns, and cancelling of other medical procedures have also negatively affected the growth of the wheelchair market.
The market for wheelchair market is segmented into product, type, application, End-user, usage, and distribution channel. Based on product, the wheelchair market is segmented into manual wheelchair, powered/electric wheelchair, and smart wheelchair. In 2020, the manual wheelchair segment accounted for the highest share of the market. Growth of this segment is attributed to the increasing prevalence of chronic conditions and demand for manual wheelchairs in emerging countries. Moreover, the prevalence of knee pain has witnessed massive growth of around 40% during past 4 decades. However, powered/ electric wheelchair segment is projected to register highest CAGR during the forecast period.
Invacare Corporation, Medline Industries, Inc. OTTOBOCK, MEYRA GMBH, KARMAN HEALTHCARE, INC, Sunrise Medical, Smile Smart Technology, LEVO AG, and Permobil are among the leading companies in the Europe wheelchair market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in March 2020, Invacare Corporation has launched of the Invacare AVIVA FX Power Wheelchair. The AVIVA brand has a unique identity that conveys a promise of best-in-class design, technology, and performance.
The report segments the Europe Wheelchair market as follows:
By Product
- Manual Wheelchair
- Powered/Electric Wheelchair
- Standard Powered Wheelchairs
- Custom-Built Powered Wheelchairs
- Smart Wheelchair
By Type
- Centre Wheel Drive
- Front Wheel Drive
- Rear Wheel Drive
- Standing Electric Wheelchair
By Application
- Neurologically Impaired
- Handicap Patients
- Others
By End-user
- Rehabilitation Centres
- Hospitals and Clinics
- Homecare
- Ambulatory Surgical Centres
By Usage
- Adult
- Paediatric
By Distribution Channel
- Retail
- E-Commerce
By Country
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe cryopreservation equipment market
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the cryopreservation equipment market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Wheelchair Market - Market Landscape
5. Europe Wheelchair Market - Key Market Dynamics
6. Wheelchair Market - Europe Analysis
7. Europe Wheelchair Market Analysis and Forecasts To 2028 - By Product
8. Europe Wheelchair Market Analysis and Forecasts To 2028 - By Type
9. Europe Wheelchair Market Analysis and Forecasts To 2028 - By End User
10. Europe Wheelchair Market Analysis and Forecasts to 2028 - By Application
11. Europe Wheelchair Market Analysis and Forecasts to 2028 - By Usage
12. Europe Wheelchair Market Analysis and Forecasts to 2028 - By Distribution Channel
13. Wheelchair Market Revenue and Forecasts to 2028 - Geographical Analysis
14. Impact Of COVID-19 Pandemic on Europe Wheelchair Market
15. Industry Landscape
16. COMPANY PROFILES
17. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Invacare Corporation
- Medline Industries, Inc.
- Ottobock
- Meyra Gmbh
- Karman Healthcare, Inc
- Sunrise Medical
- LEVO AG
- Permobil
- Smile Smart Technology