- Tilting Wheelchair
- Recliner Wheelchair
Folding Wheelchair Market size was valued at USD x billion in 2021 and is projected to reach USD x billion by 2028 at a CAGR of x% during the forecast period 2022 to 2028. This report studies global folding wheelchair system market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global folding wheelchair market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global folding market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged. It has been estimated with a significant growth with the help of key drivers which include differently-abled and geriatric population. There a restrain which may hamper the growth of the market is the repair and maintenances with size and weight. Improving healthcare infrastructure and technology open up opportunities. Hence the increasing geriatric population ultimately has a positive impact on global folding wheelchair market growth. In Dec 2018 Hoobox Robotics, a provider of artificial intelligence (AI)-based technology, teamed up with Intel, an American multinational corporation, to develop the latest Wheelie 7 kit. It is an AI-based technology that aids the disabled users in controlling a motorized wheelchair by facial expressions.
Fastest Growing Market
It is noticed that the global folding wheelchairs market has a significant market growth rate on perspective of rising geriatric population and increasing popularity of Paralympic games. According to data from World Population Prospects: the 2019 Revision, by 2050, one in six people in the world will be over age 65 (16%), up from one in 11 in 2019 (9%). Cerebral palsy is one of the most common disabilities that require a wheelchair, a disorder in the United States with about 800,000 people are affected. Paralympic athletes compete in six different disability groups hence all these contribute towards the development of global folding wheelchair market.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.