North America Electric Wheelchair Market Share, Revenue, Trends, Key Manufacturers, Growth Strategy, Challenges and Future Opportunities Till 2033


North America Electric Wheelchair Market Share, Revenue, Trends, Key Manufacturers, Growth Strategy, Challenges and Future Opportunities Till 2033: SPER Market Research

 Category : Consumer & Retail

 Published: Feb-2024
 Author: SPER Analyst

North America Electric Wheelchair Market is projected to be worth USD 1344.06 million by 2033 and is anticipated to surge at a CAGR of 10.17%.

An electric wheelchair, often called a power wheelchair, is a kind of mobility aid that makes it easier for persons with limited mobility to move around independently. Because electric wheelchairs run on batteries rather than human strength, users of these vehicles don't need to push themselves or seek assistance as they would with a traditional manual wheelchair. Users of these wheelchairs can travel easily in different directions thanks to the joystick or control panel that is typically included. They come in a range of shapes and sizes to accommodate different needs and preferences. These include versions that are portable or sturdy, designed to be used both indoors and outdoors, and equipped with supportive and comfortable adjustable seating options.

North America Electric Wheelchair Market Driving Factors and Challenges

Drivers: A few of the key reasons driving the market. The long-term demand for electric wheelchairs in hospitals and healthcare facilities is probably going to be greatly impacted by the aging population and the rise in chronic illnesses. This is expected to be a major factor in the market under research and will enhance the welfare of patients and healthcare professionals. In addition, electric wheelchairs are used in in-home care settings to transfer patients in a secure and pleasant manner. Hospitals and elder care facilities should see an increase in the need for electric wheelchairs due to the notable rise in the geriatric population.

Challenges: There are several challenges in the way of the North America Electric Wheelchair. One major obstacle that could keep some people from adopting electric wheelchairs is their high cost, especially if they don't have enough money or insurance. The inability of those in need to obtain these devices may also be hampered by insurance reimbursement policies and regulatory hold-ups. Furthermore, the development of electric wheelchairs often advances more quickly than the legislation pertaining to them, which increases the risk of compatibility and safety issues. Another challenge is making public spaces and transit networks accessible to those who use electric wheelchairs because these places and systems do not have the required infrastructure.

Impact of COVID-19 on North America Electric Wheelchair Market
The COVID-19 pandemic presented both opportunities and difficulties for the electric wheelchair sector in North America. On the one hand, the pandemic disrupted the manufacturing process, which led to supply chain disruptions, production delays, and shortages of parts. Moreover, restrictions on extracurricular activities and lockdown protocols made it more challenging to supply and market electric wheelchairs. The epidemic's effects on employment losses and economic instability, which decreased consumer purchasing power, further hampered market expansion. However, the outbreak also increased demand for electric wheelchairs by highlighting the significance of mobility aids for those with disabilities or restricted movement.

North America 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 Inc., Drive Medical Ltd., GF Healthcare Products, Inc., Invacare Corporation, Karman Healthcare, Otto Bock, Pride Mobility Products Corp, Sunrise Medical, Others.

North America Electric Wheelchair Market Segmentation:

By Type: Based on the Type, North America 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, North America Electric Wheelchair Market is segmented as; Personal, Hospital, Sport Conditioning.

By Region: This research also includes data for United States, Canada, Rest of North America.

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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