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Global Power Assist Wheelchair Market Supported by Wheelchair Market, which is Expected to Grow at a CAGR of 5.2% During 2021-2026, Driven by Major Developments in the Sports Industry

According to a new report by EMR titled, 'Global Power Assist Wheelchair Market Report and Forecast 2021-2026', the global market for power assist wheelchair is significantly supported by wheelchair industry, which is expected to grow at a CAGR of 5.2% in the forecast period of 2021-2026.

The power assist wheelchair industry has witnessed a rise in demand from the sports industry. In addition, the introduction of several tournaments for disabled individuals has led to a growing demand for wheelchairs, consequently facilitating the market growth of power assist wheelchairs. The new advancements in the technology of power assist wheelchairs will enrich the development of the power assist wheelchair industry. Further, the increasing population of geriatric population is assisting the growth of the power assist wheelchair industry.

The market growth is boosted by the growing competition among the industry key players, such as Invacare Corporation (NYSE: IVC) and Sunrise Medical (US) LLC. In August 2018, Sunrise Medical, a world leader in the wheelchair industry, acquired Magic Mobility, an Australian power wheelchair company that specializes in all-terrain and individualized adapted wheelchair, which has gained massive popularity in the power assist wheelchair industry. This will help the company cater to the diverse mobility requirements of physically disabled individuals. The growing demand for new innovations that enhance user experience is expected to fuel the market growth over the forecast period.

Market Analysis by Type, Propulsion, Chair Type, Distribution Channel, and Region:

  • On the basis of type, the power assist wheelchair market is divided into towing power add-ons (Front Drive), pushing power add-ons (Rear Dive), rotate rear wheels by additional motorized rollers, integrated into the wheels of wheelchair, and others.
  • Based on distribution channel, the market is bifurcated into offline and online.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising popularity of sports for the physically disabled individuals is bolstering the power assist wheelchair industry. 
  • The all-terrain power wheelchairs are witnessing growing demand from patients as it empowers the individual to move across different terrains without any help. This is boosting the power assist wheelchair industry.
  • User-specific adaptable models of power wheelchairs have emerged with rising demand, consequently enhancing the market growth.
  • The growing geriatric population, along with the technological advancements in the industry is aiding the growth of the power-assist wheelchair industry. 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for power assist wheelchair for the periods (2016-2020) and (2021-2026).  
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, propulsion, chair types, distribution channels, and major regions of power assist wheelchair.    
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Sunrise Medical (US) LLC, Pride Mobility Products Corp., Karma Medical Products Co., LTD., Meyra GmbH, Invacare Corporation, and Amylior Inc., among others are the key players in the global power assist wheelchair market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business Intelligence Company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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