Development of Pneumatic Powered Wheelchairs Enhanced Growth in Wheelchair Market
The use of wheelchairs has increased substantially mainly due to the rise in aged population. Various regions across globe and especially in developed economies the use of wheelchairs has grown considerably with high geriatric population base. With the developments taking place in wheelchairs the demand for bariatric wheelchair, sports wheelchair, and standing wheelchair has grown drastically. Prominent players in the global wheelchair market are focusing on developing new and advanced wheelchairs with newer technique and functions. Some of the leading players include Pride Mobility Products Corp, Corporation, Ottobock, Sunrise Medical LLC, Drive Medical, Permobil, 21st century Scientific Inc., GF Health Products Inc., and Karman Healthcare.
Now, one can see the use of automated wheelchair that has largely assisted the disabled population. Technological innovation has surged demand for self-driving wheelchair to overcome the mobility challenges. Thus, with newer technologies the global wheelchair market is expected to experience high growth in the forthcoming years. Moreover, development of pneumatic powered wheelchairs is also offering lucrative opportunities that will improve the life of patients. This helps in reducing in the prices of wheelchairs for manufacturers and also for the customers. Adding further, incorporation of pneumatic technology with the powered wheelchairs allows patients to utilize a safer and lighter wheelchair.
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The global wheelchairs market has been segmented based on product, function, and end-user. In terms of product, the global market has been classified into manual and powered. The powered segment dominates the global wheelchairs market, in terms of value, owing to its advanced functions and easy adoption among the patient population. This segment is expected to expand at a significant CAGR, as it is easy to operate and cost-effective. Moreover, the manual segment dominates the global wheelchairs market, in terms of volume, owing to its easy availability and rising demand in the geriatric population. Based on function, the global wheelchairs market has been divided into standard, bariatric, sports, and others. The standard segment held a major share of the market in 2017. It is expected to maintain its leading position, in terms of market share, during the forecast period, owing to the high preference for standard wheelchairs over other wheelchairs as they are easy to operate for daily activities. However, rising awareness about sports and the initiatives taken by governments to promote sports activities, such as Paralympics and Invictus games, are expected to boost the demand for sports wheelchairs during the forecast period.
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In terms of end-user, the global market has been segregated into institutional use and personal use. The personal use segment held a major share of the market in 2017, followed by institutional use segment, owing to the preference of wheelchair for personal use, which helps improve the daily quality of life. Geriatric patients who suffer from other diseases, such as osteoporosis, spine injury, and rheumatoid arthritis, that makes it difficult for them to walk or move, drive the demand for wheelchairs as they are responsible for improving their quality of life. The institutional use segment is projected to expand at a considerable CAGR during the forecast period owing to institutions such as hospitals, government organization, clinics, and charities providing smooth access of wheelchairs to users. In developing countries, medical care isn’t funded completely by the government; hence, several foundations and charities are involved in providing access to wheelchairs.
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Spinal Injuries to Contribute in Expanding Use of Wheelchairs
There have been numerous incidences where an individual suffers from serious traumatic spinal cord injuries, where wheelchairs give them huge support. Aged population who also losses the capability of doing work effectively and are likely to experience cognitive issues has further augmented growth in the global wheelchair market. Based on the information derived from a study, there is an increase in acute spinal cord injury cases in the U.S. from 2,659 witnessed in 1993, to 3,393 in 2012. Besides, large number of geriatric population also supports the growth of wheelchairs in this region.
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