An electric wheelchair, also known as an electric-powered wheelchair, motorized wheelchair, and power wheelchair, is a wheelchair propelled by an electrically based power source, majorly batteries and motors. The increasing prevalence of physical disability results in the rising demand for mobility solutions such as wheelchairs, which contribute to the electric wheelchair market growth. Moreover, the rise in cases accidents, which cause temporary or permanent disabilities. Thus, growth in the number of accidents is expected to fuel the electric wheelchair market growth during the forecast period.
Competitive Landscape: Electric Wheelchair Market: Hoveround Corporation, Invacare Corporation, Karman Healthcare, Inc., Levo AG, MATSUNAGA MANUFACTORY Co., Ltd., MEYRA GmbH, Otto Bock HealthCare GmbH, Permobil, Pride Mobility Products Corp., Sunrise Medical, Inc.
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The growing requirement for an automated wheelchair for disabled people, increasing geriatric population, and rising cases of cardiovascular diseases are the significant factors fueling the demand for the electric wheelchair market. However, high cost and limited adoption of electrical wheelchair act as a weakness for the electric wheelchair market over the forecast period. Furthermore, technological advancement in a wheelchair and the introduction of artificial intelligence-enabled (AI) wheelchair are also triggering the demand for the electric wheelchair market.
The market research study covers historical data of previous years along with a forecast of upcoming years based on revenue (USD million). The Electric Wheelchair Market reports also cover market dynamics, market overview, segmentation, market drivers, and restraints together with the impact they have on the Electric Wheelchair demand over the forecast period. Moreover, the report also delivers the study of opportunities available in the Electric Wheelchair market globally. The Electric Wheelchair market report study and forecasts is based on a worldwide and regional level.
The report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the Electric Wheelchair industry. Growth of the overall Electric Wheelchair market has also been forecasted for the period 2019-2028, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
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