Global Electric Wheelchair Market Industry Future Demand, Market Analysis and Outlook to 2023
Global Electric wheelchair market is further estimated to grow at a CAGR of 17.95 % from 2018 to reach USD 5.4 billion by the year 2023.
(EMAILWIRE.COM, June 25, 2018 ) Global Electric wheelchair Market was valued at USD 2.01 billion in the year 2017. Global Electric wheelchair market is further estimated to grow at a CAGR of 17.95 % from 2018 to reach USD 5.4 billion by the year 2023.
Drive Medical Ltd. (U.K), Invacare Corporation (U.S), Levo AG (Switzerland), GF Health Products, Inc. (U.S), Karman Healthcare (U.S), Meyra GMBH (Germany), Sunrise Medical Limited (U.K), Ottobock Healthcare GMBH (Germany), Permobil AB (Sweden) and Pride Mobility Products Corp. (U.S) are some of the key players in the Global Electric wheelchair market. Better global reach at operational level is the main reason the key players are holding substantial market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
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In the global fitness tracker market by region, North America region holds the highest market share in 2017 and Asia Pacific region is considered as the fastest growing market in the forecasted period due strongly growing awareness and rising old age population. At country level U.S, Canada, China and Japan is projected to grow strongly in the coming years.
Drivers:
Growing old age population
Increasing obese population.
Restraints:
High cost of products
Opportunities:
Technological development
Opportunity in developing market
Challenges:
Lack of knowledge among the individuals
The segmentation are done on the basis of product Type and by region. On the basis of product types the global Electric wheelchair market is sub segmented as rear wheel drive, front wheel drive, center wheel drive, standing electric wheelchair and others of which the center wheel drive segment is expected to hold the highest market share and is growing with highest CAGR during the forecast period.
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Key Benefits for Stakeholders
Electric wheelchair Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations and Associations
End use industries
Regulatory bodies and consumers.
By Product Type
Rear Wheel Drive
Front Wheel Drive
Center Wheel Drive
Standing Electric Wheelchair
Others
By Region
North America
Europe
Asia-Pacific
RoW
Key Market Players
Drive Medical Ltd.
Invacare Corporation
Levo AG
GF Health Products, Inc.
Karman Healthcare
Meyra GMBH
Sunrise Medical Limited
Ottobock Healthcare GMBH
Permobil AB
Pride Mobility Products Corp.
Purchase Report Now at https://www.prominentmarketresearch.com/checkout/34245
About Prominent Market Research:
At Prominent Market Research, we are committed to provide the best possible service and recommendations to all our customers. You will be able to speak to seasoned analyst who will understand your research needs accurately. We make it our business to look after yours, with an efficient and friendly team always available to help you.
Drive Medical Ltd. (U.K), Invacare Corporation (U.S), Levo AG (Switzerland), GF Health Products, Inc. (U.S), Karman Healthcare (U.S), Meyra GMBH (Germany), Sunrise Medical Limited (U.K), Ottobock Healthcare GMBH (Germany), Permobil AB (Sweden) and Pride Mobility Products Corp. (U.S) are some of the key players in the Global Electric wheelchair market. Better global reach at operational level is the main reason the key players are holding substantial market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
Request for Discount at https://www.prominentmarketresearch.com/discount-report/34245
In the global fitness tracker market by region, North America region holds the highest market share in 2017 and Asia Pacific region is considered as the fastest growing market in the forecasted period due strongly growing awareness and rising old age population. At country level U.S, Canada, China and Japan is projected to grow strongly in the coming years.
Drivers:
Growing old age population
Increasing obese population.
Restraints:
High cost of products
Opportunities:
Technological development
Opportunity in developing market
Challenges:
Lack of knowledge among the individuals
The segmentation are done on the basis of product Type and by region. On the basis of product types the global Electric wheelchair market is sub segmented as rear wheel drive, front wheel drive, center wheel drive, standing electric wheelchair and others of which the center wheel drive segment is expected to hold the highest market share and is growing with highest CAGR during the forecast period.
Request for Sample Report at https://www.prominentmarketresearch.com/sample-report/34245
Key Benefits for Stakeholders
Electric wheelchair Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations and Associations
End use industries
Regulatory bodies and consumers.
By Product Type
Rear Wheel Drive
Front Wheel Drive
Center Wheel Drive
Standing Electric Wheelchair
Others
By Region
North America
Europe
Asia-Pacific
RoW
Key Market Players
Drive Medical Ltd.
Invacare Corporation
Levo AG
GF Health Products, Inc.
Karman Healthcare
Meyra GMBH
Sunrise Medical Limited
Ottobock Healthcare GMBH
Permobil AB
Pride Mobility Products Corp.
Purchase Report Now at https://www.prominentmarketresearch.com/checkout/34245
About Prominent Market Research:
At Prominent Market Research, we are committed to provide the best possible service and recommendations to all our customers. You will be able to speak to seasoned analyst who will understand your research needs accurately. We make it our business to look after yours, with an efficient and friendly team always available to help you.
Contact Information:
Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
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Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results