The global active wheelchair market size is expected to reach USD 2.3 billion by 2027, expanding at a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Surge in the geriatric and disabled population along with the rising prevalence of chronic diseases in the geriatric population are some of the key factors propelling the market growth.
Aging
usually reduces the ability to move and perform physical tasks to maintain
independent functioning. The increasing geriatric population is likely to
create more demand for active wheelchairs over the forecast period. Moreover,
they are more prone to falls, which can cause fatal or non-fatal injuries. The
Western Europe region has the highest fall-related incidence and mortality
rates in aged people. As per a research article published by Injury Prevention,
in 2017, around 11.7 million aged people sought medical attention due to an
injury, of which 8.4 million were owing to fall-related injuries. An increasing
number of elderly people and rising incidents of falls in the elderly are
projected to drive demand for active wheelchairs during the forecast period.
The
introduction of technologically advanced active wheelchairs is also expected to
drive the market as it provides more comfort to the users. In addition, increasing
government initiatives to support the elderly and disabled population is
boosting the market. For instance, the U.S. government provides various
disability services to its citizens such as insurance for short-term and
long-term disability, financial assistance & support services for the
disabled, and education & jobs for persons with disabilities. In 2017, the
Government of India offered free eldercare assistive devices under
RashtriyaVayoshriYojana (RVY) to senior citizens belonging to lower economic
strata of the country.
Furthermore,
favorable reimbursement policies for the purchase of active wheelchairs, rising
incidence of accidents, increasing spending on healthcare infrastructure, and
increasing obese population across the globe due to drastic changes in daily
lifestyle are also anticipated to propel the growth of the market.
Full Research Report On Active Wheelchair Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/active-wheelchair-market
Active Wheelchair
Market Report Highlights
- The manual
wheelchairs segment was the largest segment in 2019 owing to the low cost
of the product and continuous technological advancement to meet the
increasing demand in the emerging countries
- The powered
wheelchairs segment is expected to register higher CAGR over the forecast
period owing to an increase in product demand especially in developed
countries such as the U.S. and Germany
- Cerebral
Palsy was the largest indication segment in 2019 owing to the higher
global prevalence of the condition and support offered by the active
wheelchairs to the patient with cerebral palsy
- Europe
dominated the market in 2019 with a 33.5% revenue share due to an increase
in healthcare expenditure and growing geriatric and disabled population in
the region
- Asia Pacific
is expected to register a higher CAGR over the forecast period owing to
rising awareness levels and increasing disposable income in the region.
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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