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The Europe Electric Wheelchair Market Size would grow at a growth rate of 18.7% CAGR during the forecast period (2016 - 2022).
Power wheelchair is one of the innovative technologies that operate through batteries and electric motors rather than manual power. Electric wheelchair is used preferably by the people who are not able to walk due to physical disability or illness. Generally, electric wheelchairs are four or six-wheeled. However, some powers wheel chair come with partial dismantle features.
The factors driving the growth of the electric wheelchair market is the increase in ageing population. According to the report on World Population Ageing (2015) by the Department of Economic and Social Affairs Population Division Between 2015 and 2030, the number of people in the world aged 60 years or over is projected to grow by 56 per cent, from 901 million to 1.4 billion, and by 2050, the global population of older persons was expected to be more than double its size in 2015, reaching nearly 2.1 billion. Globally, the oldest population, aged 80 years or above is growing faster, the report indicated that there were 125 million people aged 80 in 2015 and expected to rise double in future.
The report also stated older population is growing faster in urban areas than rural areas. Hence, it would ultimately grow the electric wheelchair market. The Electric wheelchair market has been segmented on the basis of product type and country. Based on Product type, the market is segmented into Centre Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchair, and Others (Sports Wheelchair, Pediatric Wheelchair, and High-Power Wheelchair).
Based on Country, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe. The key players operating in the electric wheelchair market are Invacare Corporation, Sunrise Medical, Karman Healthcare, Dane Technologies Inc., Pride Mobility Products Corp, Drive Medical Ltd., Otto Bock, and GF Healthcare Products, Inc.
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