AP NEWS
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Worldwide Electric Wheelchairs Market Outlook (2019-2023) with Drive DeVilbiss Healthcare, Invacare, Pride Mobility Products, Roma Medical, and Sunrise Medical Dominating - ResearchAndMarkets.com

February 14, 2019

DUBLIN--(BUSINESS WIRE)--Feb 14, 2019--The “Global Electric Wheelchairs Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The electric wheelchairs market will register a CAGR of over 6% by 2023.

The rising demand for advanced medical services after treatment, especially in the case of accidents and surgeries is increasing the number of rehabilitation centers. This will eventually propel the demand for mobility aid devices such as electric wheelchairs. In addition, the presence of robotic rehabilitation centers is increasing the demand for electric wheelchairs.

The services of Birmingham Community Healthcare include many medical mobility products such as electric wheelchairs. Thus, owing to the rise in the number of rehabilitation centers, the global electric wheelchairs market is expected to grow during the forecast period.

Increase in number of product launches

Vendors are launching new models of electric wheelchairs in the market to stimulate the demand for such wheelchairs and to increase their market shares. To remain competitive in the market, companies are focusing on launching various electric wheelchairs in different price ranges, depending on the product type. This is expected to drive the growth of the market during the forecast period.

High cost of electric wheelchairs

Technological advances and the addition of new features increase the cost of electric wheelchairs, which is hindering the growth of the market. Furthermore, in many of the developed and developing countries the government does not provide reimbursements for these products which is limiting the adoption of electric wheelchairs. Hence, the high cost of electric wheelchairs and the lack of reimbursements will adversely affect the global electric wheelchairs market.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Players

  • Drive DeVilbiss Healthcare
  • Invacare
  • Pride Mobility Products
  • Roma Medical
  • Sunrise Medical

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Comparison by product
  • Dry-battery electric wheelchairs - Market size and forecast 2018-2023
  • Wet-battery electric wheelchairs - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • ROW - Market size and forecast 2018-2023
  • Asia - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

PART 10: TRENDS

  • Growing adoption of front-wheeled electric wheelchairs
  • Increase in number of M&A activities
  • Online sales

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Drive DeVilbiss Healthcare
  • Invacare
  • Pride Mobility Products
  • Roma Medical
  • Sunrise Medical

For more information about this report visit https://www.researchandmarkets.com/research/rbb3tq/worldwide?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190214005593/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Wheelchairs and Mobility Aids

KEYWORD:

INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES MANAGED CARE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/14/2019 10:31 AM/DISC: 02/14/2019 10:31 AM

http://www.businesswire.com/news/home/20190214005593/en