South Korea Active Wheelchair Market Size & Outlook
South Korea active wheelchair market, 2016-2027 (US$M)
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South Korea active wheelchair market highlights
- The South Korea active wheelchair market generated a revenue of USD 32.8 million in 2020 and is expected to reach USD 46.4 million by 2027.
- The South Korea market is expected to grow at a CAGR of 5.1% from 2021 to 2027.
- In terms of segment, manual wheelchairs was the largest revenue generating type in 2020.
- Powered Wheelchairs is the most lucrative type segment registering the fastest growth during the forecast period.
Active wheelchair market data book summary
| Market revenue in 2020 | USD 32.8 million |
| Market revenue in 2027 | USD 46.4 million |
| Growth rate | 5.1% (CAGR from 2020 to 2027) |
| Largest segment | Manual wheelchairs |
| Fastest growing segment | Powered Wheelchairs |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manual wheelchairs, Powered Wheelchairs |
| Key market players worldwide | Sunrise Medical, Numotion, Karman Healthcare, Per 4Max, Meyra, SpinLife |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.9% of the global active wheelchair market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China active wheelchair market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 148.1 million by 2027.
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Active Wheelchair Market Scope
Active Wheelchair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea active wheelchair market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to active wheelchair market will help companies and investors design strategic landscapes.
Manual wheelchairs was the largest segment with a revenue share of 62.5% in 2020. Horizon Databook has segmented the South Korea active wheelchair market based on manual wheelchairs, powered wheelchairs covering the revenue growth of each sub-segment from 2016 to 2027.
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Target buyers of South Korea active wheelchair market databook
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Our clientele includes a mix of active wheelchair market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea active wheelchair market, including forecasts for subscribers. This country databook contains high-level insights into South Korea active wheelchair market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea active wheelchair market size, by type, 2016-2027 (US$M)
South Korea Active Wheelchair Market Share, 2020 & 2027 (US$M)
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