SAN FRANCISCO, Sept. 28, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled «Wheelchairs (Powered and Manual) – Global Market Trajectory & Analytics». The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 16; Released: April 2021
Executive Pool: 2476
Companies: 61 – Players covered include 21st Century Scientific Inc.; Convaid Products, LLC; Etac AB; Foshan Dongfang Medical Equipment Manufactory (Ltd.); Future Mobility Products; GF Health Products, Inc.; Invacare Corporation; Karma Medical Products Co., Ltd.; Karma Mobility; Karman Healthcare; LEVO AG; Magic Mobility Pty. Ltd.; Matsunaga Manufactory Co., Ltd.; Medline Industries, Inc.; MEYRA GmbH; Otto Bock HealthCare GmbH; Permobil, Inc.; Pihsiang Machinery MFG. Co. Ltd.; Pride Mobility Products Corporation and Others.
Coverage: All major geographies and key segments
Segments: Product Segment (Manual Wheelchairs, Mobility Scooters, Powered Wheelchairs, Manual Wheelchairs, Mobility Scooters, Powered Wheelchairs)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Wheelchairs (Powered and Manual) Market to Reach $9.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Wheelchairs (Powered and Manual) estimated at US$6.1 Billion in the year 2020, is projected to reach a revised size of US$9.1 Billion by 2026, growing at a CAGR of 6.7% over the analysis period. Manual Wheelchairs, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$4.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mobility Scooters segment is readjusted to a revised 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.8 Billion in 2021, While China is Forecast to Reach $1.9 Billion by 2026
The Wheelchairs (Powered and Manual) market in the U.S. is estimated at US$1.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2026 trailing a CAGR of 10.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Powered Wheelchairs Segment to Reach US$2.6 Billion by the year 2026
In the global Powered Wheelchairs segment, USA, Canada, Japan, China and Europe will drive the 6.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.