South and Central America Wheelchair Market

Market Introduction

Patients use wheelchairs when walking is impossible for them due to injury, illness, or disability. There are different types of wheelchairs available in the market, depending on the patient's requirement. There is a wide range of wheelchairs available differing by mechanisms of control, propulsion method, and technology used. There has been a significant effort in the last decade to develop a wheelchair.

Thus, the rising geriatric population is expected to create a significant demand for wheelchair in the coming years, which is further anticipated to drive the wheelchair market.

Countries in Brazil, and Argentina are among the top destinations in the world for healthcare mobility solutions owing to the relatively low cost of treatments as compared to the US. The outbreak of COVID–19 have severely impacted the flow of medical services in the region. In addition, the countries are popular for medical tourism, which is also affected by the pandemic. Brazil, Argentina, Peru, Chile, Uruguay, Colombia are affected by the second wave of corona infection. Among which Brazil has registered majority of the deaths. It is expected that the region is likely to impose several restrictions on trade, which is expected to hamper the healthcare industry in the region. Moreover, countries are significantly dependable on the US and European countries for their medical resources. However, the evolving treatment procedures and vaccination drives for the COVID 19 in the region is expected to bring some positive impact on the market in the region owing to the people are opting for their routine treatments and procedures.

South and Central America Wheelchair Strategic Insights

Strategic insights for the South and Central America Wheelchair provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South and Central America Wheelchair Report Scope

South and Central America Wheelchair Regional Insights

The geographic scope of the South and Central America Wheelchair refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Wheelchair market in South and Central America is expected to grow from US$ 291.3 million in 2021 to US$ 438.6 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028. In March 2020, Invacare Corporation launched of the Invacare AVIVA FX Power Wheelchair with best-in-class design, technology, and performance. In December 2019, Permobil, a leading advanced medical technology player, launched SmartDrive PushTracker E2, an advanced power assist system for manual wheelchairs. The system increases users' ability to move on uneven surfaces, minimizing the possibilities of injuries to shoulders due to strain. Such advancements based on modern technologies are likely to introduce new future trends in the wheelchair market in the coming years.

Key Market Segments

In terms of product, the manual wheelchair segment accounted for the largest share of the South and Central America wheelchair market in 2020. In terms of type, the centre wheel drive segment accounted for the largest share of the South and Central America wheelchair market in 2020. In terms of application, the neurologically impaired segment accounted for the largest share of the South and Central America wheelchair market in 2020. In terms of end user, the rehabilitation centres segment held a larger market share of the wheelchair market in 2020. In terms of usage, the adult segment held a larger market share of the wheelchair market in 2020. In terms of distribution channel, the retail segment held a larger market share of the wheelchair market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the wheelchair market in South and Central America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Medline Industries, Inc.

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Reasons to buy report

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·         Stay ahead of the race by comprehending the ever-changing competitive landscape for South and Central America wheelchair market

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·         Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South and Central America Wheelchair market

·         Obtain market revenue forecast for market by various segments from 2021-2028 in South and Central America region.

SOUTH AND CENTRAL AMERICA WHEELCHAIR MARKET SEGMENTATION

By Product

·         Manual Wheelchair

·         Powered/Electric Wheelchair

o      Standard Powered Wheelchairs

o      Custom-Built Powered Wheelchairs

·         Smart Wheelchair

By Type

·         Centre Wheel Drive

·         Front Wheel Drive

·         Rear Wheel Drive

·         Standing Electric Wheelchair

By Application

·         Neurologically Impaired

·         Handicap Patients

·         Others

By End User

·         Rehabilitation Centres

·         Hospitals and Clinics

·         Homecare

·         Ambulatory Surgical Centres

By Usage

·         Adult

·         Paediatric

By Distribution Channel

·         Retail

·         E-Commerce

By Country

·         South and Central America

o    Brazil

o    Argentina

o    Rest of South and Central America        

Companies Mentioned

1.       Medline Industries, Inc.

2.       OTTOBOCK

3.       MEYRA GMBH

4.       KARMAN HEALTHCARE, INC

5.       Sunrise Medical

6.       LEVO AG

7.Permobil