Published by Coherent Market Insights
Posted on September 29, 2021
4 min readLast updated: February 1, 2026
The wheelchair market is expanding with smart technologies, driven by rising disability rates and innovations like Segway's S-Pod.
A wheelchair is used to help those who are unable to walk due to sickness, accident, or impairment. Power or electric wheelchairs and manual wheelchairs are the two types of wheelchairs available.
The manual wheelchairs segment of the global wheelchair and components market was worth US$ 3,584.7 million in 2019 and is projected to grow at a CAGR of 3.4 percent to US$ 4,849.3 million by 2027.
Get a Sample Copy of the Wheelchair and Components market Report 2021 @
https://www.coherentmarketinsights.com/insight/request-sample/3318
Raising occurrence of spinal rope wounds and related disabilities is expected to help in development of the worldwide wheelchair and components market. For example, as per scientists at the National Spinal Cord Injury Statistical Center at University of Alabama at Birmingham, starting at 2019, 17,730 new spinal cord injury cases happen every year and somewhere in the range of 249,000 and 363,000 individuals are presently living with spinal cord injuriess in the U.S.
Increasing number of individuals with walking disability is expected to push development of the market. For example, as per The World Bank’s refreshed information in 2019, 15% of the overall population that represents one billion individuals encounters some type of disability and one-fifth of the assessed worldwide population that represents around 110-190 million, encounters significant disabilities.
Research and development and launch of wheelchairs with advanced and smart technology is expected to offer worthwhile development openings for major parts on the lookout. For example, in January 2020, Segway divulged its brilliant S-Pod moving unit that can likewise work as a wheelchair.
Additionally, improvement of low cost and light-weight components is expected to help in development of the market. For example, in December 2019, scientists at the University Of Bayreuth, Germany, announced improvement of ‘multifibrillar polyacrylonitrile filaments’ that are lightweight, completely recyclable and offer toughness and higher strength.
Major Players in Wheelchair and Components Market
OEM Companies: Invacare Corp., Ottobock, Permobil AB, Pride Mobility Products Corp., Handicare, Sunrise Medical, Hoveround, Panthera X, 21st Century Scientific, Inc., and Meyra Wilhelm Meyer GmbH & Co. KG
Ask for PDF sample copy of the Wheelchair and Components market report @
https://www.coherentmarketinsights.com/insight/request-pdf/3318
Market Trends/Key Takeaways:
Significant game bodies are centered on getting sorted out wheelchair sports competitions, which is required to help interest for wheelchairs. For example, The National Wheelchair Basketball Association sorts out National Wheelchair Basketball Championship all throughout the U.S and Canada.
Significant key players in the market are focussed on raising assets to grow their item portfolio. For example, in December 2019, Ottobock SE and Co. KGaA, a supplier of prosthetic appendages, orthotic supports, and wheelchairs, gotten financing of up to US$ 110 million from the European Investment Bank.
Key Developments:
In February 2018, Invacare Corporation has announced that production of Küschall manual wheelchairs will be moved from its Witterswil, Switzerland facility to its Fondettes, France facility.
In April 2018, Permobil Manual Wheelchairs has introduced a new Precision Lock Back Angle Adjustment feature for its wheelchairs.
Reasons to Purchase this Report
• To gain an in-depth understanding of Wheelchair and Components market globally
• To identify the on-going trends and anticipated growth in the next nine years
• To help industry consultants, Wheelchair and Components market other stakeholders align their market-centric strategies
• To obtain research-based business decisions and add weight to presentations and marketing strategies
• To gain competitive knowledge of leading market players
Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/3318
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
The post Wheelchair and Components Market – Increasing development of wheelchairs with advanced and smart technologies is expected to boost growth of the market appeared first on Gatorledger.
The article discusses the growth of the wheelchair market driven by advanced and smart technologies.
There are power or electric wheelchairs and manual wheelchairs.
Major players include Invacare Corp., Ottobock, Permobil AB, and Pride Mobility Products Corp.
Explore more articles in the Research Reports category
