Global Electric wheelchair Market was valued at USD 2.01 billion in the year 2017. Global Electric wheelchair market is further estimated to grow at a CAGR of 17.95 % from 2018 to reach USD 5.4 billion by the year 2023.

Drive Medical Ltd. (U.K), Invacare Corporation (U.S), Levo AG (Switzerland), GF Health Products, Inc. (U.S), Karman Healthcare (U.S), Meyra GMBH (Germany), Sunrise Medical Limited (U.K), Ottobock Healthcare GMBH (Germany), Permobil AB (Sweden) and Pride Mobility Products Corp. (U.S) are some of the key players in the Global Electric wheelchair market. Better global reach at operational level is the main reason the key players are holding substantial market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

In the global fitness tracker market by region, North America region holds the highest market share in 2017 and Asia Pacific region is considered as the fastest growing market in the forecasted period due strongly growing awareness and rising old age population. At country level U.S, Canada, China and Japan is projected to grow strongly in the coming years.

Drivers:
Growing old age population
Increasing obese population.
Restraints:
High cost
Opportunities:
Technological development
Opportunity in developing market
Challenges:
Lack of knowledge among the individuals
The segmentation are done on the basis of product Type and by region. On the basis of product types the global Electric wheelchair market is sub segmented as rear wheel drive, front wheel drive, center wheel drive, standing electric wheelchair and others of which the center wheel drivesegment is expected to hold the highest market share and is growing with highest CAGR during the forecast period.

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Key Benefits for Stakeholders
Electric wheelchair Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy actors and consumers.

By Product Type
Rear Wheel Drive
Front Wheel Drive
Center Wheel Drive
Standing Electric Wheelchair
Others

By Region
North America
Europe
Asia-Pacific
RoW

Key Market Players
Drive Medical Ltd.
Invacare Corporation
Levo AG
GF Health Products, Inc.
Karman Healthcare
Meyra GMBH
Sunrise Medical Limited
Ottobock Healthcare GMBH
Permobil AB
Pride Mobility Products Corp.
(A brief overview of 15 companies is also provided)

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