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Wheelchairs Market Share, Trends, Growth & Outlook - 2032

The Global Wheelchairs Industry, valued at approximately US$ 5.5 billion in 2021, is poised for remarkable growth, projecting a Compound Annual Growth Rate (CAGR) of close to 3.2% over the forecast period, according to the latest industry analysis by Future Market Insights (FMI).

In an era where innovation and accessibility intersect, FMI’s comprehensive report emphasizes the pivotal role of collaboration among the public, private, and nonprofit sectors. Harnessing the collective skills and resources of these sectors is deemed essential to foster innovation, ultimately removing obstacles to accessibility and affordability for assistive technology (AT).

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A wheelchair is considered appropriate if it: satisfies the user’s demands and environmental requirements; offers a proper fit with ergonomic adjustment; is safe and reliable; is readily available in the nation; and can be obtained, maintained, and provided with services in the nation at a reasonable price. The usage of a appropriate wheelchair improves users’ mobility and flexibility, which is a requirement for active involvement in civic, professional, and educational activities.

Wheelchairs are among the most widely used assistive devices. Those who require wheelchairs have mobility limits and may include individuals with congenital abnormality, people with developmental and neurological problems (such as cerebral palsy or muscular dystrophy), people with a spinal cord injury, and people with musculoskeletal conditions (lower limb amputation), people living with physical handicap caused by polio or non-communicable diseases (NCDs) such as diabetes or stroke, and older people.

The wheelchair market is expected to grow as demand is created and consolidated around the best products in terms of effectiveness, features, quality, and cost. Additionally, to lower production costs and promote the adoption of strict quality standards, manufacturers and suppliers must collaborate to shape the Global Wheelchairs Industry for greater revenue sales.

Key Takeaways from Global Wheelchairs Industry Study

Manual wheelchairs are the leading segment as a product, and hold approximately 5% market share in 2021, owing to their adoption by people with mobility issues, who do not suffer from chronic conditions.
The lightweight wheelchair segment is set to lead in terms of function for wheelchairs with a projected market share of around 0% by 2032, owing to the ease of its use.
Institutional sales accounted for around 2% of the Global Wheelchairs Industry, by distribution channel, in 2021, owing to the high adoption of treatment within institutional settings.
North America is considered as the leading region with a global share of 4% in 2021, owed to the large number of available distributors for wheelchairs in the region.
“Mobility issues associated with ageing are likely to affect older generations, which is predicted to raise demand for wheelchairs and fuel market expansion for wheelchairs over the forecast period,” says an analyst of Future Market Insights.

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Market Competition

The market for wheelchairs is highly fragmented, and there exist several competitors within the market sphere. Several local producers exist in low and middle-income nations, owing to favorable government regulations, incentives to manufacture locally, and the belief that wheelchairs are a low-tech product.

Invacare Corporation announced the release of a new, slimmer version of the Invacare® AVIVA® STORM RXTM rear-wheel drive power wheelchair in January 2022.
Sunrise Medical announced the introduction of two new electric wheelchairs in January 2022 for both its adult QUICKIE and pediatric ZIPPIE lines.
What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the wheelchairs market in its latest study, presenting a historical demand assessment of 2015 – 2021 and projections for 2022 – 2032. The Global Wheelchairs Industry is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The research study is based on the product – (Manual Wheelchairs, and Powered Wheelchairs), function (standard transport wheel chair, self-propelled wheel chair, sports wheelchairs, standing wheelchairs, recliners wheelchairs, bariatric wheelchairs, and lightweight wheelchairs), and distribution channel (institutional sales, and retail sales), across seven key regions of the world.

Surgical Navigation System Market, Industry Size, Share-2032

During the projected period, the Global Surgical Navigation System Industry demand is expected to develop at a compound yearly growth rate of 6.2%, by 2032 and reach a value of US$ 1,700 million by 2030.

Surgical Navigation Systems is a dependable technology that has been designed to make surgeries safer and less intrusive as compared to surgeries without Surgical Navigation Systems.

Navigation during surgery is a fantastic technology that is now being used in medical equipment. Surgical Navigation Systems have sped up technical operations and cleared the path for more sophisticated treatments.

Surgical Navigation Systems target the anatomy to be operated on and guide implant placement in a safe manner to the specific anatomy of the human body. Surgical Navigation Systems serve as information hubs during operations.

A Surgical Navigation System is critical for correct anatomy visualisation and surgery planning in a virtual environment. Surgical Navigation Systems help to lessen the hazards of surgery.

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Global Surgical Navigation System Industry: Drivers & Restraints

The navigation technology, which includes surgical planning software, intra-operative imaging, and tool tracking technologies, drives the Global Surgical Navigation System Industry.

Surgical Navigation Systems assist surgeons in making data-driven decisions during procedures. This Surgical Navigation System technology is propelling the worldwide Surgical Navigation Systems market forward.

The rise in minimally invasive and non-invasive operations is a major factor that could hamper the growth of the worldwide Surgical Navigation Systems market.

Because of the speedy post-operative recovery with minimum pain to the patient, minimally invasive and non-invasive operations are gaining popularity among the general public.

Global Surgical Navigation System Industry: Overview

Computer-aided surgery or computer-assisted intervention are other terms for Surgical Navigation System. The navigation system must do anatomical imaging, which leads to image analysis.

The navigation system assists in diagnosis and operation simulation based on the image created. Due to the complexity of the treatments, the neurosurgery segment dominates the global Surgical Navigation System market.

The Global Surgical Navigation System Industry was led by orthopaedic navigation systems, which were closely followed by ENT navigation systems.

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Global Surgical Navigation System Industry: Region-wise Outlook

Depending on geographic regions, Global Surgical Navigation System Industry is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa.

Due to the mature healthcare sector in the North American countries, North America held a substantial market share in the Global Surgical Navigation System Industry and is expected to retain the share over the forecast period.

The countries of Japan and Germany are projected to present considerable growth rate in the global Surgical Navigation System market due to the well-established infrastructure and advanced Information Technology (IT) in healthcare.

Global Surgical Navigation System Industry: Key Players

Some of the key players in the global Surgical Navigation System are GE Healthcare Ltd., Medtronic Inc., Siemens Healthcare Corporation, Stryker Corporation, B.Braun Melsungen AG, Bausch & Lomb Incorporated, CAScination AG and Brainlab AG.

Manufacturers of worldwide Surgical Navigation Systems are involved in obtaining product approvals from the Food and Drug Administration (FDA) and other regulatory authorities in order to market their goods.

Acquisitions and strategic alliances are being encouraged by worldwide surgical navigations system market participants in order to acquire a competitive advantage, expand into emerging markets, and widen the product range.

The research study provides an in-depth analysis of the market and includes meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics.

It also includes estimates based on an appropriate set of assumptions and procedures. The research study analyses and gives information categorised as market segments, geographies, types, technology, and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By Technology:

Electromagnetic Navigation Systems
Hybrid Navigation Systems
Optical Navigation Systems
Fluoroscopy-based Navigation Systems
CT-based Navigation System
Others
By Application:

Neurosurgery
Orthopedic Surgery
ENT surgery
Cardiac surgery
Others
By End Use:

Hospitals and Physician Practices
Ambulatory Surgery