Product ID: SQMIG35B2157
Report ID:
SQMIG35B2157 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
90 |
Figures:
76
Wheelchair Market size was valued at USD 9.66 billion in 2022 and is poised to grow from USD 11.14 billion in 2023 to USD 30.17 billion by 2030, at a CAGR of 15.3% during the forecast period (2023-2030).
The global wheelchair market has been witnessing significant growth and advancements in recent years. Increasing incidences of disabilities, a growing aging population, and rising awareness about mobility aid devices are driving the demand for wheelchairs across the globe.
Technological advancements and innovations in wheelchair designs have resulted in improved comfort, ease of use, and enhanced mobility for individuals with disabilities.
The market is experiencing a shift towards lightweight and foldable wheelchairs, providing portability and convenience. Furthermore, the integration of smart features and electronic controls in wheelchairs has opened up new opportunities in the market.
The expanding healthcare infrastructure and government initiatives to promote inclusivity and accessibility are also fueling the market growth. However, high costs associated with advanced wheelchair models and the lack of accessibility in certain regions pose challenges to market expansion.
Overall, the global wheelchair market is poised for steady growth, driven by technological advancements and a rising demand for improved mobility solutions.
US Wheelchair Market is poised to grow at a sustainable CAGR for the next forecast year.
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Product ID: SQMIG35B2157