North America Wheelchair Market is expected to reach US$ 1,973.2 Mn by 2028

PRESS RELEASE BY The Insight Partners 27 Jul 2021

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Manual Wheelchair Segment has the Largest Share of Product in the North America Wheelchair Market during 2021–2028

According to The Insight Partners market research study on “North America Wheelchair Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product, Type, End User, Application, Usage, and Distribution Channel” is expected to reach US$ 1,973.2 million by 2028 from US$ 1,275.1 million in 2021. The market is estimated to grow at a CAGR of 6.4% from 2021 to 2028. The report provides trends prevailing in the North America wheelchair market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the rising population of geriatrics and rise in number of disorders requiring mobility assistance fuel the growth of the market are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the operational difficulties associated with wheelchairs and high cost of powered wheelchairs.

As the COVID-19 pandemic continues to unfold, medical device companies are finding difficulties in managing their operations. Many companies offering wheelchair have their business operations in the United States and business are adversely being affected by the effects of a widespread outbreak of COVID-19. This has disrupted and restricted company’s ability to distribute products, as well as temporary closures of company’s facilities. However, as vaccines are become available in 2021 the demand for medical equipment like wheelchair is expected to increase. The consistent rise in number of geriatric patients as well as government efforts to keep up for delivering a good care for patients is likely to be in favor for the growth of wheelchair market in North America.

The market for wheelchair market is segmented into product, type, application, end user, usage, and distribution channel. Based on product, the wheelchair market is segmented into manual wheelchair, powered/electric wheelchair, and smart wheelchair. In 2020, the manual wheelchair segment accounted for the highest share of the market. Growth of this segment is attributed to the increasing prevalence of chronic conditions and demand for manual wheelchairs in emerging countries. Moreover, the prevalence of knee pain has witnessed massive growth of around 40.0% during past 4 decades. However, powered/ electric wheelchair segment is projected to register highest CAGR during the forecast period.

Invacare Corporation, Medline Industries, Inc., OTTOBOCK, MEYRA GMBH, KARMAN HEALTHCARE, INC, Sunrise Medical, HOVEROUND CORPORATION, LEVO AG, and Permobil are among the leading companies in the North America wheelchair market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in March 2020, Invacare Corporation has launched of the Invacare AVIVA FX Power Wheelchair. The AVIVA brand has a unique identity that conveys a promise of best-in-class design, technology, and performance.

The report segments the North America Wheelchair market as follows:

By Product

  • Manual Wheelchair
  • Powered/Electric Wheelchair
    • Standard Powered Wheelchairs
    • Custom-Built Powered Wheelchairs
  • Smart Wheelchair

By Type

  • Centre Wheel Drive
  • Front Wheel Drive
  • Rear Wheel Drive
  • Standing Electric Wheelchair

By Application

  • Neurologically Impaired
  • Handicap Patients
  • Others

By End User

  • Rehabilitation Centres
  • Hospitals and Clinics
  • Homecare
  • Ambulatory Surgical Centres

By Usage

  • Adult
  • Paediatric

By Distribution Channel

  • Retail
  • E-Commerce

By Country

  • North America
    • US
    • Canada
    • Mexico

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