Wheelchair Market Size, Share & Trends Analysis Report By Product (Manual, Electric), By Category (Adult, Pediatric), By Application, By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the wheelchair market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for wheelchair market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of wheelchair market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Wheelchair Market Categorization:

The wheelchair market was categorized into four segments, namely product (Manual, Electric), category (Adults, Pediatric), application (Homecare, Hospitals, Ambulatory Surgical Centers, Rehabilitation Centers), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Segment Market Methodology:

The wheelchair market was segmented into product, category, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The wheelchair market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-three countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; Sweden; Denmark; Norway; Japan; India; China; Australia; South Korea; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Wheelchair market companies & financials:

The wheelchair market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Carex Health Brands, Inc. - Carex Health Brands, Inc. is a subsidiary of Compass Health Brands, which is a U.S.-based company that manufactures and distributes in-home & self-care medical products. The company offers bathroom safety products; mobility & personal care products; first aid products; medication compliance & health aid solutions; oral medication devices; hot & cold therapy products; pediatric care products; pill splitters or crushers; pill organizers, thermometers; and ear, eye, & nose care products.

• DeVilbiss Healthcare LLC - DeVilbiss Healthcare LLC-earlier known as Medical Depot., Inc.-is recognized as one of the leaders in home healthcare. The company provides a wide range of DME, including products for mobility support, pediatric care, and rehabilitation. It offers products, such as power scooters, power wheelchairs, respiratory equipment, sleep surfaces & pressure prevention products, patient room equipment, electrotherapy devices, beds, bariatric products, and personal care products. The company serves e-tailers, retailers, healthcare distributors, and healthcare providers. It has expanded its business in acute care and long-term care divisions. It is an international organization with offices and warehouses globally. The company has multiple offices across North America and Europe.

• GF Health Products, Inc. - GF Health Products, Inc. (Graham-Field) manufactures medical equipment and products. The company has a wide product range of over 50,000 devices, which are used in extended care facilities, hospitals, clinics, and homecare centers. Presently, the company deals with products and services that have been designed for enhancing the quality of care & life. The company has operations across more than 67 countries and is a manufacturer & distributor of medical equipment in Central, North, & Latin America, Europe, and Asia. The company deals with key brands, such as Lumex, John Bunn, Everest & Jennings, Basic American/Simmons Clinical Care, Labtron, and Grafco. It provides manual power & folding wheelchairs, healthcare seating products, beds, and patient room furnishing & respiratory products.

• Invacare Corporation - Invacare Corporation has a core competency in long-term care medical products & home care medical products, which aim to promote recovery and an active lifestyle. The company is a distributor & manufacturer of non-acute medical equipment and respiratory products. It has a distribution network in 80 locations across the globe and is acclaimed for launching a motorized wheelchair with computerized controls. Its product portfolio includes beds & furnishings; powered mobility devices, such as wheelchairs & scooters; and seating & positioning products.

• Medline Industries, Inc. - Medline Industries, Inc. specializes in the manufacturing and distribution of medical supplies and devices. The company offers products in nursing & patient care, wound & skin care, central sterile equipment, furnishing, gloves, infection prevention, laboratory supplies & diagnostics, linen & cleaning supplies, patient apparel, perioperative supplies, pharmaceutical & nutrition, respiratory care, and incontinence care. It also provides DME products, such as bath safety, transfer equipment, walking aids, and wheelchairs.

• Sunrise Medical - Sunrise Medical develops, designs, manufactures, and distributes electric-powered wheelchairs, manual wheelchairs, seating & positioning systems, & motorized scooters. It operates in the U.S., the UK, Germany, Mexico, China, and Spain. The company’s products are marketed under various proprietary brands, such as Breezy, JAY, Quickie, Sopur, Sterling, and Zippie, which are sold across more than 130 countries through network of homecare medical product dealers.

• Quantum Rehab - Quantum Rehab engineers and manufactures products addressing various rehabilitation needs. It manufactures powered wheelchairs with features ranging from power seating for pressure management to USB ports, Bluetooth, and fender light. The company’s products include Edge 3 Stretto, Edge 3, Q6 Edge 2.0, 4Front, other power bases, iLevel seat elevation technology, TRU-Balance 3 Power Positioning Systems, Q-Logic 3 Advanced Drive Control System, Stealth Product cushions, and positioning components.

• Sermax Mobility Ltd. - Sermax Mobility Ltd. is a manufacturer of rehabilitation devices with a presence in countries like Germany and China. The company offers products across five categories: aluminum wheelchairs, children’s wheelchair, power wheelchair, steel wheelchair and WC & bath equipment. The company is ISO13485:2016 certified, with FDA, CE, and European free sales certification for its products.

• Pride Mobility Products Corporation - Pride Mobility Products Corporation is a designer and manufacturer of mobility products. The company also offers a range of rehab power chairs as well as Stealth products. It offers products in the fields of electric wheelchairs, mobility scooters, lift chairs, etc. Quantum Rehab, a manufacturer of complex rehab power chairs with the Q6 Edge 2.0, 4Front and Q6 Series of power bases, is a vertical of Pride Mobility.

• Numotion - Numotion is a medical equipment company that is focused on manufacturing and designing mobility devices for a wide spectrum of injuries & diseases. The company is one of the primary providers of Complex Rehab Technology (CRT) in the U.S. It specializes in complex power wheelchairs, manual wheelchairs, power wheelchairs, scooters, and urology supplies.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Wheelchair Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Wheelchair Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.