North America Electric Wheelchair Market Growth, Size, Trends, Share, Revenue and Future Outlook
North America Electric Wheelchair Market Size- By Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: FMCG2450 | Pages: 1 - 156 | Formats*: |
| Category : Consumer & Retail | |||
North America Electric Wheelchair Market Introduction and Overview
According to SPER Market Research, the North America Electric Wheelchair Market is estimated to reach USD 1344.06 million by 2033 with a CAGR of 10.17%.
The report includes an in-depth analysis of the North America Electric Wheelchair Market, including market size and trends, product mix, distribution channels, and supplier analysis. An electric wheelchair, sometimes referred to as a power wheelchair, is a type of mobility equipment that helps people who have restricted mobility get around on their own. Electric wheelchairs are powered by batteries instead of physical force, so users don't need to push themselves or ask for help like regular manual wheelchairs do. These wheelchairs usually have a joystick or control panel that makes it simple for users to move in different directions. They are available in various forms and configurations to suit a variety of requirements and tastes. These include models that are heavy-duty or compact, can be used indoors or outdoors, and have seating options that can be adjusted for comfort and support.
Market Opportunities and Challenges
Opportunities: The aging population and the development of chronic illnesses are likely to contribute significantly to the long-term need for electric wheelchairs in hospitals and healthcare facilities. This will improve the wellbeing of patients and healthcare professionals and is anticipated to be a key factor in the market under investigation. Furthermore, in-home care environments use electric wheelchairs to transport patients in a safe and comfortable way. Because of the remarkable increase in the geriatric population, hospitals and senior care institutions should witness an increase in the requirement for electric wheelchairs.
Challenges: The North America Electric Wheelchair faces a number of challenges. The high expense of electric wheelchairs is a significant barrier that may prevent some people from using them if they have insufficient funds or insurance. Barriers to the acquisition of these devices for individuals in need could also come from insurance reimbursement rules and regulatory delays. In addition, the design and functioning of electric wheelchairs frequently progress faster than the laws governing them, raising the possibility of compatibility and safety problems. Making public areas and transit networks accessible to those using electric wheelchairs presents another difficulty because these locations and systems may lack the necessary infrastructure.
Market Competitive Landscape
The market for Electric Wheelchair in North America is very slightly fragmented. Some of the market key players are Dane Technologies Inc., Drive Medical Ltd., GF Healthcare Products, Inc., Invacare Corporation, Karman Healthcare, Otto Bock, Pride Mobility Products Corp, Sunrise Medical, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By End User |
| Regions covered | United States, Canada, Rest of North America |
| Companies Covered | Dane Technologies Inc., Drive Medical Ltd., GF Healthcare Products, Inc., Invacare Corporation, Karman Healthcare, Otto Bock, Pride Mobility Products Corp, Sunrise Medical, Others. |
COVID-19 Impact on North America Electric Wheelchair Market
The COVID-19 epidemic introduced opportunities as well as challenges to the North American electric wheelchair market. On the one hand, the pandemic caused manufacturing process disturbances that resulted in production delays, disruptions in the supply chain, and shortages of necessary parts. Lockdown procedures and limitations on extracurricular activities also made it more difficult to distribute and sell electric wheelchairs. Further impeding market expansion were economic uncertainty and employment losses brought on by the epidemic, which reduced consumer buying power. But the epidemic also brought attention to how important mobility aids are for people with impairments or restricted movement, which raised awareness of and demand for electric wheelchairs.
Key Target Audience:
- Healthcare Providers
- Individuals with Disabilities
- Caregivers and Family Members
- Insurance Companies and Payers
- Government Agencies and Policy Makers
- Manufacturers and Suppliers
- Distributors and Retailers
- Rehabilitation Centers and Clinics
Our in-depth analysis of the North America Electric Wheelchair Market includes the following segments:
| By Type: |
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| By End User: |
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Key Topics Covered in the Report:
- North America Electric Wheelchair Market Size (FY’2024-FY’2033)
- Overview of North America Electric Wheelchair Market
- Segmentation of North America Electric Wheelchair Market By Type (Front Wheel Drive, Center Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchair)
- Segmentation of North America Electric Wheelchair Market By End User (Personal, Hospital, Sport Conditioning)
- Expansion Analysis of North America Electric Wheelchair Market
- Problems and Obstacles in North America Electric Wheelchair Market
- Competitive Landscape in the North America Electric Wheelchair Market
- Impact of COVID-19 and Demonetization on North America Electric Wheelchair Market
- Details on Current Investment in North America Electric Wheelchair Market
- Competitive Analysis of North America Electric Wheelchair Market
- Prominent Players in the North America Electric Wheelchair Market
- SWOT Analysis of North America Electric Wheelchair Market
- North America Electric Wheelchair Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Electric Wheelchair Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Electric Wheelchair Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Electric Wheelchair Market
7. North America Electric Wheelchair Market, By Type (USD Million)
7.1. North America Electric Wheelchair Market Value Share and Forecast, By Type, 2024-20337.2. Front Wheel Drive7.3. Center Wheel Drive7.4. Rear Wheel Drive7.5. Standing Electric Wheelchair
8. North America Electric Wheelchair Market, By End User (USD Million)
8.1. North America Electric Wheelchair Market Value Share and Forecast, By End User, 2024-20338.2. Personal8.3. Hospital8.4. Sport Conditioning
9. North America Electric Wheelchair Market Forecast, 2020-2033 (USD Million)
9.1. North America Electric Wheelchair Market Size and Market Share
10. North America Electric Wheelchair Market, By Type, 2020-2033 (USD Million)
10.1. North America Electric Wheelchair Market Size and Market Share By Type (2020-2026)10.2. North America Electric Wheelchair Market Size and Market Share By Type (2027-2033)
11. North America Electric Wheelchair Market, By End User, 2020-2033 (USD Million)
11.1. North America Electric Wheelchair Market Size and Market Share By End User (2020-2026)11.2. North America Electric Wheelchair Market Size and Market Share By End User (2027-2033)
12. North America Electric Wheelchair Market, By Region, 2020-2033 (USD Million)
12.1. North America Electric Wheelchair Market Size and Market Share By Region (2020-2026)12.2. North America Electric Wheelchair Market Size and Market Share By Region (2027-2033)12.3. United States12.4. Canada12.5. Rest of North America
13. Company Profile
13.1. Dane Technologies Inc.13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Drive Medical Ltd.13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. GF Healthcare Products, Inc.13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Invacare Corporation13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Karman Healthcare13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Otto Bock13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Pride Mobility Products Corp13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Sunrise Medical13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Electric Wheelchair Market is projected to reach USD 1344.06 million by 2033, growing at a CAGR of 10.17% during the forecast period.
North America Electric Wheelchair Market grew in market size from 2023. The Market is expected to reach USD 1344.06 million by 2033, at a CAGR of 10.17% during the forecast period.
North America Electric Wheelchair Market CAGR of 10.17% during the forecast period.
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North America Electric Wheelchair Market size is USD 1344.06 million from 2023 to 2033.
North America Electric Wheelchair Market Segment is Covered By Type, By End User
The North America region is anticipated to have the highest market share in North America Electric Wheelchair Market.
The key players in the market include Companies Covered Dane Technologies Inc., Drive Medical Ltd., GF Healthcare Products, Inc., Invacare Corporation, Karman Healthcare, Otto Bock, Pride Mobility Products Corp, Sunrise Medical, Others.
This will improve the wellbeing of patients and healthcare professionals and is anticipated to be a key factor in the market under investigation.
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