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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