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Europe Wheelchair Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product ; Type ; End User ; Application ; Usage ; Distribution Channel

Europe Wheelchair Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product ; Type ; End User ; Application ; Usage ; Distribution Channel

  • July 2021
  • 156 pages
  • ID: 6134313
  • Format: PDF
  • The Insight Partners

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The wheelchair market in Europe is expected to grow from US$ 1,165.1 million in 2021 to US$ 1,880.2 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.

Greater risk of physical disabilities in elderly population boosts the demand for wheelchairs.As per the United Nations, globally 46% of people with age 60 and above have disabilities; ~250 million people have moderate to severe disabilities.

Furthermore, the accumulation of health risks across a lifespan of disease, injury, and chronic illness contributes to higher disability rates among older people.As per the United Nations World Population Ageing Report, the global population of people with age 60 and above reached 962 million in 2017 from ~382 million in 1980, with more than two-times increase.

The report also mentions that number of elderly people is further expected to double by 2050 to reach ~2.1 billion. Thus, the rising aging population across the world is bolstering the demand for wheelchairs.

The Europe wheelchair market is segmented on the bases of product, type, application, end user, usage, and distribution channel.Based on product, the market is segmented into manual wheelchair, powered/electric wheelchair, and smart wheelchair.

In 2020, the manual wheelchair segment accounted for the largest market share.The market growth for this segment is attributed to the increasing prevalence of chronic conditions and rising demand for manual wheelchairs in emerging countries.

Moreover, the prevalence of knee pain has witnessed the massive growth of around 40.0% during past 4 decades. However, the powered/electric wheelchair segment is projected to register the highest CAGR during the forecast period.

The current COVID-19 outbreak pandemic halted new medical device policy adoption, delayed regulatory approvals, and disrupted processes.For instance, Sunrise Medical (a wheelchair company based in Germany) reported guidelines for handling wheelchairs during the pandemic.

These guidelines suggest that proper cleaning and disinfection of a wheelchair is essential to prevent the spread of bacteria and viruses, such as novel coronavirus that causes COVID-19.According to British Red Cross, in 2020, the organization provided wheelchair service to around 140 communities across the UK.

Also, it supplied around 50,000 wheelchairs for patients suffering from permanent or temporary mobility conditions. In addition, disrupted supply chains, extended lockdowns, and cancelling of other medical procedures negatively affected the growth of the wheelchair market in Europe.

The overall Europe wheelchair market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the Europe wheelchair market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe wheelchair market. Invacare Corporation, Medline Industries, Inc., OTTOBOCK, MEYRA GMBH, KARMAN HEALTHCARE, INC, Sunrise Medical, Smile Smart Technology, LEVO AG, and Permobil are a few players operating in the market.

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