Europe Electric Wheelchair Market Competition Archives

Europe Electric Wheelchair Market Trends, Growth Drivers, Business Challenges and Future Opportunities till 2034: SPER Market Research

An electric wheelchair is a type of motorised mobility aid that helps people with restricted mobility move more easily and independently. In contrast to manual wheelchairs, electric wheelchairs run on a battery and can be operated using a joystick or other electronic controls, allowing users to move around easily and without exerting any physical force. These wheelchairs come in a variety of styles to meet a range of demands, including indoor and outdoor use, and are usually furnished with footrests, backrests, and seating that may be adjusted for increased comfort. People with disabilities, the elderly, and those recuperating from injuries frequently use electric wheelchairs because they provide more mobility, convenience, and a higher quality of life for users.

According to SPER Market Research, ‘Europe Electric Wheelchair Market Size- By Type, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ states that the Europe Electric Wheelchair Market is estimated to reach USD XX billion by 2034 with a CAGR of 8.59%.

Drivers:

The market for electric wheelchairs in Europe is expanding significantly due to a number of important factors. The need for mobility aids, such as electric wheelchairs, has increased as a result of Europe’s noticeable ageing population. These gadgets’ comfort and functionality have been improved by technological developments, increasing their user appeal. The market is also growing as a result of favourable government regulations and growing public knowledge of the advantages of electric wheelchairs. For example, Germany is creating an atmosphere that is conducive to the adoption of electric wheelchairs due to its ageing population and proactive attitude to incorporating digital technology in healthcare. It is further aided by the increased emphasis on improving the quality of life for people with disabilities.

Restraints:

The European market for electric wheelchairs has a number of obstacles in spite of its expansion. Some users may find these devices less affordable due to high production costs, which are frequently caused by the usage of cutting-edge materials and technology. Furthermore, strict regulations pertaining to medical devices may make it difficult to enter new markets and develop new products. The total expense and complexity of ownership are increased by the requirement for specialist maintenance and repair services. Additionally, market penetration may be hampered in some areas by a lack of knowledge regarding the advantages and accessibility of electric wheelchairs. Further limiting the price and broad adoption of electric wheelchairs may be regionally specific reimbursement policies and restricted access to financing options.

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The COVID-19 epidemic has affected the electric wheelchair market in Europe in a variety of ways. At first, the epidemic caused delays and shortages by upsetting supply networks and industry. But the pandemic’s increased emphasis on medical care and mobility solutions has also raised demand for and awareness of electric wheelchairs. Due to the overwhelming number of COVID-19 cases, hospitals and other healthcare institutions have realised how important effective mobility aids are, which has increased demand for electric wheelchairs. It is anticipated that this change in healthcare objectives will benefit the market in the long run. The pandemic’s increase in telemedicine and online healthcare services has also made it simpler to consult with and buy electric wheelchairs, which has further accelerated market expansion.

Europe Electric Wheelchair Market is dominated by Germany due to high demand for mobility aids due to the aging population and increasing prevalence of disabilities. Some of its key players are – Dane Technologies, Drive DeVilbiss Healthcare, GF Health Products Inc., Invacare Corporation, Karman Healthcare Inc.

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Europe Electric Wheelchair Market Growth

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Europe Electric Wheelchair Market Size 2023, Growth, Upcoming Trends, Revenue, Industry Share, Business Challenges, Future Opportunities and Forecast till 2033: SPER Market Research

A power wheelchair, often called an electric wheelchair, is a type of mobility assistance that helps people who have trouble moving around on their own. In contrast to manual wheelchairs that need physical exertion to move, electric wheelchairs are powered by batteries and allow users to manipulate mobility through the use of a joystick or other input devices. These wheelchairs are available in many styles and configurations to meet a variety of requirements and tastes. For further comfort and adjustability, their footrests, armrests, and seats are typically movable. Interior areas, hallways, and even difficult terrain can be traversed with relative ease by users of electric wheelchairs. As a result, users now have greater mobility and independence.

According to SPER market research, ‘Europe Electric Wheelchair Market Size – By Type, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Wheelchair Market is predicted to reach USD XX billion by 2033 with a CAGR of 8.59%.

The long-term demand for electric wheelchairs in hospitals and healthcare facilities is probably going to be greatly impacted by the aging population and the rise in chronic illnesses. This is expected to be a major factor in the market under research and will enhance the welfare of patients and healthcare professionals. In addition, electric wheelchairs are used in in-home care settings to transfer patients in a secure and pleasant manner. Hospitals and elder care facilities should see an increase in the need for electric wheelchairs due to the notable rise in the geriatric population. All throughout Europe, there is a notable demographic shift that is typified by a rise in the elderly population. The population transition is mostly due to two tendencies that are common across the continent: declining birth rates and increasing life expectancy. In the world, European countries have some of the highest life expectancy. Enhancements in living standards, food, and medical treatment have allowed people to live longer and in better health. In many European countries, an older population is therefore expected to result in higher demand in the area.

The European electric wheelchair market faces a number of challenges stemming from both industry-specific and broader economic and regulatory concerns. Industry barriers include growing rivalry among suppliers and manufacturers offering a wide range of products. Companies in the industry may experience pressure on prices and a decline in profit margins as a result of growing competition. Moreover, businesses, especially smaller ones, may face difficulties with compliance and certification procedures due to the strict rules and guidelines that control the production and sale of medical devices in Europe.

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Impact of COVID-19 on Europe Electric Wheelchair Market

The market for electric wheelchairs benefited from the COVID-19 pandemic. The virus spread quickly, infecting a large number of hospitals and other healthcare facilities. As a result, the market for electric wheelchairs expanded in 2020. Electric chairs were sold in excess of two million units globally in 2020. It is projected that this growth will continue during the predicted period due to an aging population.

Europe Electric Wheelchair Market Key Players:

Furthermore, Europe’s market for electric wheelchairs by country was dominated by Germany in 2022 and was expected to remain so. Additionally some of the market players are: Invacare Corporation, Karman Healthcare, Inc., Meyra Group GmbH, Ottobock SE & Co. KGaA.

Europe Wheelchair Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Type: Based on the Type, Europe Electric Wheelchair Market is segmented as; Front Wheel Drive, Center Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchair.

By End User: Based on the End User, Europe Electric Wheelchair Market is segmented as; Personal, Hospital, Sport Conditioning.

By Region: This research also includes data for Germany, Australia, Switzerland, France, Great Britain, Spain, Italy.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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Europe Wheelchair Market Future Outlook

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