The electric wheelchairs market will register a CAGR of over 6% by 2023

Friday, February 15, 2019 General News
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NEW YORK, Feb. 14, 2019 /PRNewswire/ -- About this marketThe rising demand for advanced medical services after treatment.

especially in the case of accidents and surgeries is increasing the number of rehabilitation centers. This will eventually propel the demand for mobility aid devices such as electric wheelchairs. In addition, the presence of robotic rehabilitation centers
is increasing the demand for electric wheelchairs. The services of Birmingham Community Healthcare include many medical mobility products such as electric wheelchairs. Thus, owing to the rise in the number of rehabilitation centers, the global electric wheelchairs market is expected to grow during the forecast period. Technavio's analysts have predicted that the electric wheelchairs market will register a CAGR of over 6% by 2023.Read the full report: https://www.reportlinker.com/p05734226 Market OverviewIncrease in number of product launchesVendors are launching new models of electric wheelchairs in the market to stimulate the demand for such wheelchairs and to increase their market shares. To remain competitive in the market. companiesare focusing on launching various electric wheelchairs in different price ranges. depending on the product type. This is expected to drive the growth of the market during the forecast period.High cost of electric wheelchairsTechnological advances and the addition of new features increase the cost of electric wheelchairs. which is hindering the growth of the market. Furthermore, in many of the developed and developing countries the government does not provide reimbursements for these products which is limiting the adoption of electric wheelchairs. Hence, the high cost of electric wheelchairs and the lack of reimbursements will adversely affect the global electric wheelchairs market.For the detailed list of factors that will drive and challenge the growth of the electric wheelchairs market during the 2019-2023, view our report.Competitive LandscapeThe market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.Read the full report: https://www.reportlinker.com/p05734226 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001

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