An exciting new study from the team of Lucintel found that wheelchair market is expected to reach $8.3 billion by 2027 with a CAGR of 6.2%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The wheelchair market is segmented based on product type, category, design & function, end use, and region. In this market, power wheelchair is expected to remain the largest product type, and basic wheelchair segment is expected to remain the largest design & function. Players can benefit from the available opportunities like increasing obesity rate and growing elderly population.
Increase adoption of power assistance device and development of hybrid concept wheelchair are emerging trends having impact on dynamics of the industry.
Invacare, Pride Mobility Products, Sunrise Medical, Ottobock, Permobil, Drive Medical, LEVO, 21st Century Scientific are some of the major players profiled in this 202 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the wheelchair market by product (manual and power wheelchair), category (adult and pediatric wheelchair), function (basic, sports, bariatric, standing wheelchair, and others), end use (homecare and healthcare institution and others), and region (North America, Europe, Asia Pacific (APAC), and the Rest of the World (ROW))?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the wheelchair market?
Q.4 What are some changing demands of customers in the wheelchair market?
Q.5 What are the new developments in the wheelchair market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this wheelchair area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this wheelchair market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.