Global Wheelchair And Components Market Is Expanding Rapidly With Industry Leader Invacare Corporation Launching Invacare AVIVA FX Power Wheelchair With Front-Wheel Drive

Wheelchair And Components Market


 A wheelchair is a chair with wheels, used when walking is impossible or difficult due to injury, illness, old age-related problems, or disability. These injuries include a broken leg, brain injury, cerebral palsy, motor neuron disease, muscular dystrophy, and Spina bifida. There are different types of wheelchairs namely powered wheelchair, manual wheelchair, sports wheelchair, pediatric wheelchair, etc.

Rising prevalence of spinal cord injuries and other disabilities is expected to drive growth of the global wheelchair and components market. According to the World Health Organization (WHO), around 250,000 to 500,000 people suffer a spinal cord injury every year globally. According to the National Spinal Cord Injury Statistical Center’s “Facts and Figures at a Glance 2020”, around 294,000 U.S. citizens are currently living with SCI with 17,810 new cases each year. According to the same source, vehicular crashes are the most recent leading cause of injury followed by falls, acts of violence, and sport-related injuries. Furthermore, according to WHO, around 15% of the global population lives with some form of disability with around 2-4% of them experiencing significant difficulties in functioning. Wheelchairs, both manual and power-activated, provide a convenient and less strenuous way of mobility. They offer enhanced functional capabilities and reduce the risk of upper extremity injury. Hence, such factors are expected to drive growth of the wheelchair and components market. Furthermore, rising geriatric population is expected to propel the global wheelchair and components market growth in the near future.

However, high cost of composite materials required for manufacturing of lightweight wheelchairs as well as the high cost of powered wheelchairs is expected to restrain growth of the global wheelchair and components market. Besides, continuous R&D activities by key players can present major business opportunities in the near future. Among regions, North America is expected to witness significant growth in the global wheelchair and components market. This is owing to growing geriatric population and the presence of robust healthcare infrastructure in the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to increasing investment in the healthcare sector.

Major competitors operating in the global wheelchair and components market are Invacare Corp., Meyra Wilhelm Meyer GmbH & Co. KG, Ottobock, 21st Century Scientific, Inc., Permobil AB, Panthera X, Pride Mobility Products Corp., Hoveround, Sunrise Medical, Tetra Equipment GMBH, E.I. DuPont De Nemours and Company, Mitsubishi Rayon Co., and Alber GmbH.

For instance, in March 2020, Invacare Corporation, a U.S.-based manufacturer of non-acute medical equipment, launched Invacare AVIVA FX Power Wheelchair with front-wheel drive.

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