Wheelchairs are chairs equipped with wheels that can help replace walking. They are divided into electric and manual folding wheelchairs. They are important mobility tools for the injured, sick and disabled for home rehabilitation, rotation transportation, medical treatment and outing activities. Affected by an aging population and an increasing number of traffic accidents, the global wheelchair market has grown rapidly in recent years. In 2020, the global wheelchair market amounted to approximately $2.7 billion, an increase of 12% year-on-year. The outbreak of the COVID-19 epidemic in 2020 severely affected the transportation and mobility sectors and affected wheelchair supply channels. Demand for hospitals continues to grow as COVID-19 infections lead to increased hospital admissions among the elderly population. As lockdowns ease and companies are expected to resume operations, the global wheelchair market will continue to grow at a high rate year on year. In terms of wheelchair type, in 2020, manual wheelchairs dominated the market with the largest revenue share, reaching 60.9%. Due to their low price and light weight, the global demand for manual wheelchairs is high. However, in economically developed countries in Europe and the United States, common manual wheelchairs and electric wheelchairs for the elderly and disabled have been gradually phased out and replaced by smart electric wheelchairs with superior performance, easy operation, safer and more reliable driving. |