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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:
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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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