Electric Wheelchair Market Segments and Key Trends 2015-2025 FMI | Page 4

Report Description Report Description Electric Wheelchair Market: Segmentation The Global Electric wheelchair market is segmented on the basis of product type and region. By product type, the electric wheelchair market can be segmented as centre wheel drive electric wheelchair, front wheel drive electric wheelchair, standing electric wheelchair, rear wheel drive electric wheelchair and others. Among all this product types, centre wheel drive electric wheelchair held largest revenue share and represents more than 50% of total market in 2014. Front wheel drive electric wheelchair is expected to be second largest growing type after centre wheel drive electric wheelchair and estimated to conquer significant growth in near future. By region, the market is segmented into seven major region such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (excluding Japan), Japan as a separate region and Middle East and Africa (MEA). Current global electric wheelchair market is dominated by North America region however in recent future developing economies such as China, India and Brazil are expected to drive the demand for electric wheelchairs. Electric Wheelchair Market: Region wise outlook The global electric wheelchair market is estimated to witness robust growth through 2025 due to growing technological advancement in electric wheelchair industry, new products are equipped with gadgets for accessib ility and control. North America region led the market in 2014 in terms of highest demand. In US, government provides medical insurance to people over age of 65, which also helps them to get medical facilities at subsidized rates.