Pediatric Wheelchairs Market by Product and Geography - Forecast and Analysis 2022-2026

The pediatric wheelchairs market share is expected to increase by USD 767.19 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.26%.

This pediatric wheelchairs market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers pediatric wheelchairs market segmentations by product (manual wheelchairs and powered wheelchairs) and geography (North America, Europe, Asia, and Rest of World (ROW)). The pediatric wheelchairs market report also offers information on several market vendors, including Advin Health Care, Akces MED Sp. z o.o., Comfort Orthopedic Co. Ltd., Electric Mobility Euro Ltd., Eurovema Mobility AB, Guangdong Shunde Jieyang Hardware Products Co. Ltd., HD Rehab AB, Heartway Medical Products Co. Ltd. , HOGGI GmbH, Invacare Corp., Karma Medical Products Co. Ltd., Karman Healthcare Inc., Medline Industries Inc., MEYRA GmbH, Momentum Healthcare Ltd., Ottobock SE and Co. KGaA, Permobil AB, RUPIANI sarl, SORG Rollstuhltechnik GmbH Co.KG, and Sunrise Medical LLC among others.

What will the Pediatric Wheelchairs Market Size be During the Forecast Period?

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Pediatric Wheelchairs Market: Key Drivers, Trends, and Challenges

The enhanced post-treatment services is notably driving the pediatric wheelchairs market growth, although factors such as the presence of substitute products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pediatric wheelchairs industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pediatric Wheelchairs Market Driver

The enhanced post-treatment services is one of the key drivers supporting the pediatric wheelchairs market growth. Advanced medical facilities provide better diagnostics services, medical therapies, and machine-assisted surgeries, which are supported by various post-treatment services such as critical care and intensive care. These services are carried out in specially designed units that have advanced clinical mobility products. In facilities such as intensive care units (ICUs) and critical care units, pediatric patients are kept under observation for recovery. During the recovery phase, these patients are unable to move from one place to another without support. Therefore, these pediatric patients need attendant-propelled and powered wheelchairs. Such requirements will drive market growth during the forecast period.

Key Pediatric Wheelchairs Market Trend

Automation of manually operated products is one of the key trends contributing to the pediatric wheelchairs market growth. In recent years, with the advances in technology, patient mobility products have become automated and can be controlled and operated with minimal human effort. Various research programs have been undertaken to design smart, powered wheelchairs that can be controlled by mobile apps or Bluetooth devices. For instance, in the US and Canada, powered wheelchairs and smart wheelchairs are adopted by people due to their high disposable income and healthcare spending. Similar adoption rates can be seen in Western European countries, such as Germany, the UK, and France, due to the high healthcare expenditure and well-structured government reimbursement policies. Such increasing adoption rates of smart wheelchairs will drive market growth during the forecast period.

Key Pediatric Wheelchairs Market Challenge

The presence of substitute products is one of the factors hindering the pediatric wheelchairs market growth. For instance, walkers with advanced features, such as paddles, adjustable forearm support, and braking systems for children are available in the market. However, wheelchairs, including pediatric wheelchairs, have many limitations associated with their maintenance and repair, size and weight, and maneuverability. The cost of maintaining and repairing motorized wheelchairs can be substantially higher than that of manual wheelchairs and other medical mobility aids. Hence, the availability of substitute products is expected to hinder the growth of the market during the forecast period.

This pediatric wheelchairs market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global pediatric wheelchairs market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the pediatric wheelchairs market during the forecast period.

Who are the Major Pediatric Wheelchairs Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Advin Health Care
• Akces MED Sp. z o.o.
• Comfort Orthopedic Co. Ltd.
• Electric Mobility Euro Ltd.
• Eurovema Mobility AB
• Guangdong Shunde Jieyang Hardware Products Co. Ltd.
• HD Rehab AB
• Heartway Medical Products Co. Ltd. 
• HOGGI GmbH
• Invacare Corp.
• Karma Medical Products Co. Ltd.
• Karman Healthcare Inc.
• Medline Industries Inc.
• MEYRA GmbH
• Momentum Healthcare Ltd.
• Ottobock SE and Co. KGaA
• Permobil AB
• RUPIANI sarl
• SORG Rollstuhltechnik GmbH Co.KG
• Sunrise Medical LLC

 

This statistical study of the pediatric wheelchairs market encompasses successful business strategies deployed by the key vendors. The pediatric wheelchairs market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.

Product Insights and News

• GPC Medical Ltd. - It is a privately held company headquartered in India. It is a country company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global bone wax market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
• GPC Medical Ltd. - GPC Medical Ltd. - The company offers bone wax that is water soluble implant material and for use in the control of bleeding from bone surfaces, under the brand name of GPC Medicals.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The pediatric wheelchairs market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Pediatric Wheelchairs Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the pediatric wheelchairs market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Pediatric Wheelchairs Market?

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40% of the market's growth will originate from North America during the forecast period. The US is the key market for pediatric wheelchairs market in North America. Market growth in this region will be slower than the growth of the market in Europe.

The high incidence of physical impairments among children will facilitate the pediatric wheelchairs market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The market in North America witnessed a temporary decline owing to the outbreak of the COVID-19 pandemic in 2020. However, the demand for pediatric wheelchairs will increase due to the increasing prevalence of disabilities among children in the region. Such factors are expected to drive the growth of the pediatric wheelchairs market in the region during the forecast period.

What are the Revenue-generating Product Segments in the Pediatric Wheelchairs Market?

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The pediatric wheelchairs market share growth by the manual wheelchairs segment will be significant during the forecast period.  The rise in disposable income will lead to an increase in healthcare expenditure. The shift in the preferences of people, from low-end mobility products, such as canes, crutches, and walkers, to manual pediatric wheelchairs due to the latter's better convenience will lead to the rise in their demand. This increased demand will compel vendors to expand their product portfolios and market reach, which will drive the growth of the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the pediatric wheelchairs market size and actionable market insights on post COVID-19 impact on each segment.

 

Pediatric Wheelchairs Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.26%
Market growth 2022-2026	$ 767.19 million
Market structure	Fragmented
YoY growth (%)	5.44
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 40%
Key consumer countries	US, Germany, France, China, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Advin Health Care, Akces MED Sp. z o.o., Comfort Orthopedic Co. Ltd., Electric Mobility Euro Ltd., Eurovema Mobility AB, Guangdong Shunde Jieyang Hardware Products Co. Ltd., HD Rehab AB, Heartway Medical Products Co. Ltd. , HOGGI GmbH, Invacare Corp., Karma Medical Products Co. Ltd., Karman Healthcare Inc., Medline Industries Inc., MEYRA GmbH, Momentum Healthcare Ltd., Ottobock SE and Co. KGaA, Permobil AB, RUPIANI sarl, SORG Rollstuhltechnik GmbH Co.KG, and Sunrise Medical LLC
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Pediatric Wheelchairs Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive pediatric wheelchairs market growth during the next five years
• Precise estimation of the pediatric wheelchairs market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the pediatric wheelchairs industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of pediatric wheelchairs market vendors

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