The Wheelchair And Components Market To Leave Behind Presumptions With An Estimated CAGR Of 3.5%

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Wheelchair And Components Market
Report Id PMRREP12961 Category Life Science
Healthcare
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What Would Be The Consistency Quotient Of The
Wheelchair And Components Market Between Forecast
Years?

• Recent developments in research areas such as
  computer science, robotics, artificial
  intelligence, and sensor technology are
  broadening the range of possible applications
  that support disabled people. Powered wheelchairs
  extend the capabilities of standard power
  wheelchairs by introducing control and
  navigational intelligence.
• Different techniques have been proposed for
  permitting impaired people, including a
  quadriplegics, to control mechanized wheelchairs,
  which include eye development, hand motion,
  cerebrum-based controlled frameworks, EEG-based
  frameworks, and so on. Manufacturers are
  continuously working toward introducing
  technologically-advanced wheelchairs into the
  market.
• Country level Covid-19 outbreaks in big economies
  impacted the sales of wheelchairs and components
  negatively owing to lockdowns and reduced
  healthcare center visits. Lockdowns also led to
  slowing down of manufacturing activities,
  creating a gap in demand and supply. However, the
  market is expected to get back to its normal
  growth trajectory in 2021.

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Key Takeaways from Market Study

• In terms of product, wheelchairs dominated the
  market, holding a share of over 50. However,
  wheelchair components will experience higher
  growth during the forecast period at a CAGR of
  over 4.
• By modality, lightweight wheelchairs hold a
  prominent share, due to these being easier and
  convenient to use.
• While the U.S. continues to dominate the market,
  emerging countries such as China and India will
  experience significant growth, due to increasing
  patient pool in these countries.
• The market in the U.S. and Germany is projected
  to progress at a steady CAGR of close to 4
  through 2030.
• The U.K. and India will exhibit a CAGR of more
  than 4, while China will witness higher growth
  at close to 5.
• The year 2020 saw the market growing slower at
  less than 3, but 2021 will offer more
  opportunities to manufacturers.
• Increasing prevalence of spinal cord injuries
  and related disabilities, along with increased
  government support and funding for wheelchairs,
  is expected to drive market growth over the
  coming years, says a Persistence Market Research
  analyst.

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