Global Electric Wheelchair Industry is anticipated to gain substantial revenue by 2025. By Innovation Market Research
The worldwide electric wheelchair market is divided on the basis of products, end users, and regions. According to products, the market is trifurcated into center wheel, front wheel, and rear wheel drive electric wheelchairs. Center wheel drive is anticipated to dominate the global market over the forecast period due to its capacity to handle steep and uneven terrain. Front wheel drive is expected to exhibit a robust CAGR due to possessing a better circumference turn drive than center wheel drive.
On the basis of end users, the segments are homes, hospitals, and others. Hospitals may exhibit a decent CAGR over the forecast period. Hospitals have adopted electric wheelchairs to assist mobility-ridden patients. This can propel the market by 2022. Hornsby Hospital is one of the first hospitals in Australia to adopt these devices to transport patients from wards to medical imaging stations.
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Geographically, the market is split into Southeast Asia, Japan, India, China, Europe, and North America. North America is expected to reign over the global market due to constant demand from the U.S. and presence of government policies that offer these devices at lowered rates. India and China are expected to emerge as the destinations for lucrative investments for the major manufacturers. Low penetration can contribute to the regional growth in the years to come. Japan accounted for substantial share of the regional market in 2015.