Electric wheelchairs are the battery powered wheelchairs which do not require any external human assistance for mobility. The user alone can control the movements with various input devices such as joysticks, touch pads and other devices. Electric wheelchairs provide multiple functionalities to assist the user in both indoor and outdoor activities with nominal human effort. Electric wheelchairs are not only used by people with traditional mobility impairments but also by those with cardiovascular conditions. Electric wheelchairs are sophisticated products and reflect to the lifestyle of the users.
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The global electric wheelchair market is primarily driven by growing need for effective mobility solutions in various indoor and outdoor applications for growing elderly population. The demand for electric wheelchairs is predominant in countries such as the U.S., the U.K., France, Germany, Japan, China and South Korea. Increase in disposable income and affinity for high-tech products in these countries is also influencing the growth of overall electric wheelchair market.
The need for mobility products and services is rising faster than ever before as a sizeable portion of the world’s population ages. Many of the older consumers in developed countries, who were born during the baby boom, have considerable earnings at their disposal and are at ease using technologically advanced products to simplify their everyday chores. However, for some consumers, the high price tag of electric wheelchairs could lead to the postponement or cancellation of a purchase decision. Thus, bringing feature-rich yet competitively priced electric wheelchairs is a strategy that will pay off well for companies in the global electric wheelchair market. At the same time, many consumers can afford advanced mobility products but aren’t aware about the presence of such products on the market and the means to procure them. This lack of awareness could translate to lost opportunities for companies in the electric wheelchair market.
Accelerating Geriatric Population will Fuel Demand for Electric Wheelchairs
One of the primary drivers of the global electric wheelchair market is the increasing aging population around the world. According to the U.S. Department of Health and Human Services, people above the age of 65 represented 12.4% of the total population in 2000, and are expected to represent 19% of the total population by 2030, a phenomenal rise considering the real-life figures represented by the percentages. The rise in disposable income and preference for high-tech products in affluent and technologically advanced countries such as the U.K., the U.S., Japan, China, and France will further fuel the electric wheelchair market, particularly in the regional segments of North America, Asia Pacific and Europe. Additionally, the increasing demand for advanced wheelchairs from the sports industry will contribute to the growth of the electric wheelchair market.
Technological Information in ELECTRIC WHEELCHAIR: http://bit.ly/1WDNZji
North America will Dominate Global Electric Wheelchair Market
North America dominated the electric wheelchair market and will continue to lead the market throughout the forecast period. Europe and Asia Pacific collectively hold a substantial market share of around 40% in the global electric wheelchair market, in terms of market revenue. Demand from the latter stems from growing demand in countries with an expanding healthcare network, such as China, the U.K., France, South Korea, and Japan. Increasing research and development projects around the world will provide a substantial market opportunity to manufacturers of electric wheelchairs. Some of the top companies in this industry are Invacare Corp., Sunrise Medicals, Pride Mobility Products Corp., Ottobock Healthcare GmbH, Handicare, Permobil Corp., Drive Medicals Ltd., Medort, and Hoveround Corp.