Europe Wheelchair Market Share, Growth, Trends, Key Player, Challenges, Opportunities and Future Competition Till 2033


Europe Wheelchair Market Share, Growth, Trends, Key Player, Challenges, Opportunities and Future Competition Till 2033: SPER Market Research

 Category : Consumer & Retail

 Published: Feb-2024
 Author: SPER Analyst

Europe Electric Wheelchair Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of 8.59%.

A power wheelchair, often known as an electric wheelchair, is a kind of mobility aid that enables those with limited mobility to move around independently. Unlike manual wheelchairs that need physical effort to propel, electric wheelchairs contain battery-powered motors that enable users to control movement using a joystick or other input devices. To accommodate a range of needs and preferences, these wheelchairs come in a number of designs and layouts. Their seats, armrests, and footrests are usually moveable for greater comfort and adjustability. Users of electric wheelchairs may navigate across a range of environments with relative ease, such as interior spaces, hallways, and even challenging terrain. Users now have more freedom and movement as a result.

Europe Electric Wheelchair Market Driving Factors and Challenges

Drivers: The aging population and the development of chronic illnesses are likely to contribute significantly to the long-term need for electric wheelchairs in hospitals and healthcare facilities. This will improve the wellbeing of patients and healthcare professionals and is anticipated to be a key factor in the market under investigation. Furthermore, in-home care environments use electric wheelchairs to transport patients in a safe and comfortable way. Because of the remarkable increase in the geriatric population, hospitals and senior care institutions should witness an increase in the requirement for electric wheelchairs. A significant demographic shift that is characterized by an increase in the older population is occurring throughout Europe. The main causes of this demographic shift are rising life expectancy and decreasing birth rates, which are both widespread patterns throughout the continent. The life expectancies of European nations are among the greatest in the world. Longer and healthier lives have been made possible by improvements in living conditions, nutrition, and healthcare. As a result, an aging population is predicted to increase demand in the region in many European countries.

Challenges: Numerous challenges, arising from industry-specific factors as well as more general economic and regulatory causes, confront the European electric wheelchair market. Growing competition amongst manufacturers and suppliers who offer a wide range of products is a significant barrier in the industry. Due to increasing competition, companies in the sector may see pressure on prices and a reduction in profit margins. Furthermore, the stringent regulations and norms governing the manufacture and distribution of medical devices in Europe may present challenges for enterprises, particularly those that are smaller, when it comes to compliance and certification processes.

Impact of COVID-19 on Europe Electric Wheelchair Market
The COVID-19 pandemic had a favourable effect on the electric wheelchair market. With its rapid spread, the virus infected numerous hospitals and other healthcare facilities. 2020 saw a growth in the electric wheelchair market as a result. In 2020, the number of electric chairs sold worldwide exceeded two million units. Because of an aging population, it is anticipated that this growth will continue during the forecast period.

Europe Electric Wheelchair Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Dane Technologies, Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation, Karman Healthcare, Inc., Meyra Group GmbH, Ottobock SE & Co. KGaA, Pride Mobility Products Corporation, Sunrise Medical, Inc., Others.

Europe Electric Wheelchair Market Segmentation:

By Type: Based on the Type, Europe Electric Wheelchair Market is segmented as; Front Wheel Drive, Center Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchair.

By End User: Based on the End User, Europe Electric Wheelchair Market is segmented as; Personal, Hospital, Sport Conditioning.

By Region: This research also includes data for Germany, Australia, Switzerland, France, Great Britain, Spain, Italy.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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