Electric Wheelchair Market: Global Industry Analysis and Opportunity Assessment 2015-2025: Future Market Insights

Valley Cottage, NY, June 26, 2015 --(PR.com)-- Electric wheelchairs are also called power chairs or electric Power wheelchairs. They do not require any human assistance for mobility as they are powered by battery. The most obvious advantage of electric wheelchairs is that they are user friendly and convenient. These electric wheelchairs are useful for those unable to use manual wheelchairs or who may want to use wheelchairs for travelling longer distances and in such a case using a manual wheelchair is very difficult. Apart from people with traditional mobility disability, they may also be used by people with cardiovascular diseases or who met with any accidental conditions.

Electric Wheelchair Market: Drivers and Restraints
Factors which are driving the growth of the global electric wheelchair market are growing worldwide elderly population, necessity of automated wheelchair for disabled people and high disposable income of people from developed countries such as UK, France, Germany, US, Canada and Japan. Furthermore increasing demand of advanced wheelchairs from the sport industry is also influencing the growth of electric wheelchair market, as many sport events are organised specially for disabled persons.

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Apart from several advantages, the global electric wheelchair market is also facing some challenges such as the high cost of electric wheelchairs and lack of awareness and infrastructure. However these issues are expected to reduce during forecast period.

Electric Wheelchair Market: Segmentation
The Global Electric wheelchair market is segmented on the basis of product type and region. By product type, the electric wheelchair market can be segmented as centre wheel drive electric wheelchair, front wheel drive electric wheelchair, standing electric wheelchair, rear wheel drive electric wheelchair and others. Among all these product types, centre wheel drive electric wheelchair held the largest revenue share and represents more than 50% of the total market in 2014. Front wheel drive electric wheelchairs is expected to be second largest growing type after centre wheel drive electric wheelchair and estimated to conquer significant growth in near future.

By region, the market is segmented into seven major region such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (excluding Japan), Japan as a separate region and Middle East and Africa (MEA). The current global electric wheelchair market is dominated by North America region however in the recent future developing economies such as China, India and Brazil are expected to drive the demand for electric wheelchairs.

Electric Wheelchair Market: Region wise outlook
The global electric wheelchair market is estimated to witness robust growth through 2025 due to growing technological advancement in electric wheelchair industry, new products are equipped with gadgets for accessibility and control. The North America region led the market in 2014 in terms of highest demand. In the US, the government provides medical insurance to people over age of 65, which also helps them to get medical facilities at subsidized rates. High purchasing power, increasing elderly population and consumer awareness and inclination towards more sophisticated technology driven the progress of electric wheelchair market in this region. In coming years, developing countries such as India, China and Brazil are expected to boost the demand of electric wheelchairs. It is mainly because of the gradual increase in consumer awareness and development of medical facilities in this region.

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Electric Wheelchair Market: Key Players
The key international players operating in electric wheelchair market includes OttoBock Healthcare GmbH, Invacare Corp., Pride Mobility Products Corp., Permobil AB, Sunrise Medical Limited, Hoveround Corporation, LEVO AG, Invacare Corp., MEYRA GmbH, Medical Depot, Inc., GF HEALTH PRODUCTS, INC and Others. All these key players are focusing on delivering best value products to their customers. Customised offering and product innovation is a common strategy adopted by most of the key players. These electric wheelchair manufactures offers large variety and different sizes of wheelchairs to meet demand of individuals depending upon their weight and height.