Market Overview:
The global folding wheelchair market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of disabilities, rising geriatric population, and technological advancements in wheelchairs. By type, the tilting wheelchair segment is expected to grow at a higher CAGR than other segments during the forecast period. This growth can be attributed to its ability to provide greater comfort and independence for users as compared with other types of wheelchairs. By application, the hospital segment is expected to account for a larger share of the global folding wheelchair market than home and other segments during the forecast period.
Product Definition:
A folding wheelchair is a wheelchair that can be folded for storage or transport. This is important because it makes the wheelchair more portable, which can be helpful for people who need to travel often.
Tilting Wheelchairs:
Tilting wheelchairs are chairs with wheels at the ends of their arms or legs. They have a mechanism that allows them to recline, enabling users to lie down and get up with ease.
Tilting wheelchairs are mostly designed for people who need assistance in getting in and out of bed or for those suffering from back problems.
Recliner Wheelchairs:
Recliner wheelchairs are chairs that have a mechanism or device attached to the chair back which allows the user to recline backward. The mechanism may be operated by hand, foot or both. Some models also feature a lever in between the seat and backrest which can be pressed for manually adjusting position. Reclining wheelchairs are generally recommended for people who need extra support while sitting upright, as it helps them maintain their balance and reduces strain on their spine.
Application Insights:
The home application segment dominated the global market in 2017. The growing aging population across the world has led to an increase in demand for wheelchairs at home, thus providing a comfortable mobility experience. Furthermore, increasing urbanization and rising income levels have also resulted in an increased number of people using wheelchairs at their homes. This trend is expected to continue over the forecast period as more people opt for this mode of transportation due to convenience and comfort offered by these chairs.
The hospital application segment is expected to witness significant growth over the forecast period owing to increasing awareness about better accessibility for patients during medical procedures and treatments as well as after surgeries or medical procedures are completed at hospitals or clinics.
Regional Analysis:
North America dominated the global folding wheelchairs market in 2017. The rising prevalence of cardiovascular diseases, increasing geriatric population, and growing awareness about rehabilitation after an accident are some of the major factors contributing to the growth of this regional market. In addition, presence of well-established healthcare facilities and favorable reimbursement policies are also expected to drive demand for these devices over the forecast period.
Europe is anticipated to be one of the fastest-growing regions during the forecast period owing to rapidly improving healthcare infrastructure in countries such as Germany and France along with rising patient awareness levels regarding rehabilitation after a surgery or an injury. Moreover, growing adoption by hospitals for providing assistance during medical procedures is further expected to fuel demand over next eight years.
Asia Pacific region accounted for a revenue share exceeding 10% in 2017 owing to high prevalence rate associated with spinal cord injuries coupled with rapidly improving healthcare infrastructure especially in India & China which has resulted into increased sales volume on account both folding wheelchair model variants (standard & tilting).
Growth Factors:
- Increasing geriatric population: The global aging population is increasing at a rapid pace. This is expected to drive the demand for folding wheelchairs, as they are more suitable for elderly people with mobility issues.
- Rising awareness about disability benefits: Governments and NGOs are working towards increasing awareness about the benefits of using a wheelchair, which is expected to boost the folding wheelchair market growth in developing countries.
- Technological advancements: Folding wheelchairs are becoming increasingly sophisticated with new features being added regularly. This is likely to spur demand from consumers looking for advanced products that can make their lives easier.
- Growing popularity of e-commerce: Online retail platforms are growing rapidly across the world, offering consumers easy access to a wide variety of folding wheelchairs at competitive prices. This is likely to boost sales in the folding wheelchair market in coming years . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Folding Wheelchairs Market Research Report
By Type
Tilting Wheelchairs, Recliner Wheelchairs, Standard Wheelchairs, Other
By Application
Hospital, Home, Other
By Companies
Sunrise Medical, Invacare Corp, Hoveround Corp, UK Wheelchairs, Karma Mobility, GPC Medical, Narang Medical Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Folding Wheelchairs Market Report Segments:
The global Folding Wheelchairs market is segmented on the basis of:
Types
Tilting Wheelchairs, Recliner Wheelchairs, Standard Wheelchairs, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Home, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sunrise Medical
- Invacare Corp
- Hoveround Corp
- UK Wheelchairs
- Karma Mobility
- GPC Medical
- Narang Medical Limited
Highlights of The Folding Wheelchairs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tilting Wheelchairs
- Recliner Wheelchairs
- Standard Wheelchairs
- Other
- By Application:
- Hospital
- Home
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Folding Wheelchairs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Folding wheelchairs are a type of wheelchair that can be folded up and stored away when not in use. They are often easier to transport than traditional wheelchairs, making them a popular choice for people who need mobility but don't have much space.
Some of the key players operating in the folding wheelchairs market are Sunrise Medical, Invacare Corp, Hoveround Corp, UK Wheelchairs, Karma Mobility, GPC Medical, Narang Medical Limited.
The folding wheelchairs market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Folding Wheelchairs Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Folding Wheelchairs Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Folding Wheelchairs Market - Supply Chain
4.5. Global Folding Wheelchairs Market Forecast
4.5.1. Folding Wheelchairs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Folding Wheelchairs Market Size (000 Units) and Y-o-Y Growth
4.5.3. Folding Wheelchairs Market Absolute $ Opportunity
5. Global Folding Wheelchairs Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Folding Wheelchairs Market Size and Volume Forecast by Type
5.3.1. Tilting Wheelchairs
5.3.2. Recliner Wheelchairs
5.3.3. Standard Wheelchairs
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Folding Wheelchairs Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Folding Wheelchairs Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Home
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Folding Wheelchairs Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Folding Wheelchairs Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Folding Wheelchairs Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Folding Wheelchairs Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Folding Wheelchairs Demand Share Forecast, 2019-2026
9. North America Folding Wheelchairs Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Folding Wheelchairs Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Folding Wheelchairs Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Home
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Folding Wheelchairs Market Size and Volume Forecast by Type
9.7.1. Tilting Wheelchairs
9.7.2. Recliner Wheelchairs
9.7.3. Standard Wheelchairs
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Folding Wheelchairs Demand Share Forecast, 2019-2026
10. Latin America Folding Wheelchairs Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Folding Wheelchairs Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Folding Wheelchairs Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Home
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Folding Wheelchairs Market Size and Volume Forecast by Type
10.7.1. Tilting Wheelchairs
10.7.2. Recliner Wheelchairs
10.7.3. Standard Wheelchairs
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Folding Wheelchairs Demand Share Forecast, 2019-2026
11. Europe Folding Wheelchairs Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Folding Wheelchairs Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Folding Wheelchairs Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Home
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Folding Wheelchairs Market Size and Volume Forecast by Type
11.7.1. Tilting Wheelchairs
11.7.2. Recliner Wheelchairs
11.7.3. Standard Wheelchairs
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growh Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Folding Wheelchairs Demand Share, 2019-2026
12. Asia Pacific Folding Wheelchairs Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Folding Wheelchairs Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Folding Wheelchairs Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Home
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Folding Wheelchairs Market Size and Volume Forecast by Type
12.7.1. Tilting Wheelchairs
12.7.2. Recliner Wheelchairs
12.7.3. Standard Wheelchairs
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Folding Wheelchairs Demand Share, 2019-2026
13. Middle East & Africa Folding Wheelchairs Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Folding Wheelchairs Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Folding Wheelchairs Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Home
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Folding Wheelchairs Market Size and Volume Forecast by Type
13.7.1. Tilting Wheelchairs
13.7.2. Recliner Wheelchairs
13.7.3. Standard Wheelchairs
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Folding Wheelchairs Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Folding Wheelchairs Market: Market Share Analysis
14.2. Folding Wheelchairs Distributors and Customers
14.3. Folding Wheelchairs Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sunrise Medical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Invacare Corp
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hoveround Corp
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. UK Wheelchairs
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Karma Mobility
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GPC Medical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Narang Medical Limited
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
