Power Wheelchairs and Personal Mobility Market Scope
A power wheelchair is a device that aids in mobility. It is typically used by individuals who have a medical condition and difficulty walking. People use power wheelchairs because they are unable to use a manual wheelchair or an electric scooter. A wheelchair is a manually operated or power-driven device designed primarily for use by an individual with a mobility disability for the main purpose of indoor, or of both indoor and outdoor, locomotion. The rising number of disorders requiring a wheelchair, and the increased handicapped population are the demand of market growth.
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|Key Companies Profiled||Invacare (United States), Permobil (Sweden), Sunrise / Handicare (Germany), 21ST Century Scientific (United States), ADI (Germany), Aquila Corporation (United States), Aspen Seating (united states), Meyra (United States), Linix (United States) and Otto Bock (Germany)|
Power wheelchairs and personal Mobility are fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain a high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Invacare (United States), Permobil (Sweden), Sunrise / Handicare (Germany), 21ST Century Scientific (United States), ADI (Germany), Aquila Corporation (United States), Aspen Seating (united states), Meyra (United States), Linix (United States) and Otto Bock (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Llc / Ride Designs (United States), C.T.M. Homecare Product, Inc. (United States), Drive Medical (United States), Eagle (United States), Graham-Field (United States) and Medline (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Power Wheelchairs and Personal Mobility market by Type , by Application (Disabled People and Older Age People) and Region with country level break-up.
On the basis of geography, the market of Power Wheelchairs and Personal Mobility has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn April 2007, Dr . Kurt H. Fischer plans to retire as chief of LEVO AG on May 1, 2007, to be replaced by Thomas Raeder. The change reflects the recent acquisition by the United States company Dane Technologies Inc. of LEVO, a privately owned Swiss company. LEVO, now a wholly-owned subsidiary of Dane, develops, produces, and distributes manual and power stand-up wheelchairs for adults and children. Dane specializes in power assist and mobility solutions in retail, healthcare and logistics markets.
In May 2022, 21st Century Scientific noted Now users up to 450 lbs. have a much-needed heavy-duty power wheelchair option. The BOUNDER 450 has a standard top speed of 6.0 mph. Users can opt for either a high-speed package of up to 8.0 mph or an off-road tire package for navigating challenging terrain. and In November 2020, Invacare Corporation announced the launch of the new AVIVA FX – MPS Maxx Multi-Position Power Standing System wheelchair, available through Motion Concepts a division of Invacare. This elegantly designed system provides maximum safety, stability, and comfort whether it's used indoors or outdoors.
Influencing Trend:Latest technical advancement atomization
Market Growth Drivers:The rising number of disorders requiring a wheelchair, and the increased handicapped population.
Challenges:Power wheelchairs are more expensive than manual wheelchairs and need more maintenance. and Less a number of smart wheelchair products
Restraints:Fastened to the floor of the wheelchair-accessible vehicle and secured to designated points on the wheelchair.
Opportunities:Many have compact designs and anti-tilt wheels which allow for easier use in tight spaces.
Key Target AudienceMarket research and consulting service providers, Government Agencies, End User Industry, Research institutes, Wheelchair manufacture and supplier and Others