The global wheelchair market is expected to reach $4.9 billion (£3.5 billion) by 2028, according to analysts.
Although the Covid-19 pandemic has affected manufacturing supply chain dynamics over the past year, Grand View Research forecasts that the market will expand at a CAGR of 8% from 2021 to 2028.
Increased life spans and growing elderly population are among the main reasons expected to contribute towards the growth of the market.
The manual product segment led the segment in terms of revenue share in 2020 owing to its increasing use in hospitals. It is also cost-effective and requires little maintenance.
The adults segment was the largest in 2020 in terms of revenue share owing to rise in number of disabilities requiring a mobility device.
North America dominated the global market with a revenue share of 35% due to increased adoption of advanced technology in wheelchairs and rise in the disabled population.
The growing integration of automation in healthcare devices, especially mobility devices, such as wheelchairs is a key impacting parameter, projected to support market growth.
Grand View Research said that Covid-19 pandemic has affected the manufacturing and supply chain aspect of the market to a significant extent.
It noted that wheelchair services were halted across several countries owing to strict lockdowns being implemented, while manufacturers have also seen their operations impacted by restrictions.
With the easing of lockdowns, it expects manufacturing operations globally to return to normal.