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Global Electric Wheelchairs Market 2019-2023
SKU ID : TNV-14770473 | Publishing Date : 29-Jan-2019 | No. of pages : 108
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About this market
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. analysts have predicted that the electric wheelchairs market will register a CAGR of over 6% by 2023.
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.
For the detailed list of factors that will drive and challenge the growth of the electric wheelchairs market during the 2019-2023, view our report.
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.
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. analysts have predicted that the electric wheelchairs market will register a CAGR of over 6% by 2023.
Market Overview
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.
For the detailed list of factors that will drive and challenge the growth of the electric wheelchairs market during the 2019-2023, view our report.
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.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
