Elderly Wheelchair Market revenue projections and investment opportunities for companies
The global elderly wheelchair market is experiencing a significant surge, driven by the escalating geriatric population, a rising prevalence of age-related mobility issues, and advancements in wheelchair technology. Valued at USD 3.57 billion in 2023 , the market is projected to reach USD 6.94 billion by 2031 , with a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period. This growth is a reflection of the increasing need for assistive devices that enhance the independence and quality of life for older adults. The market is also benefiting from a greater focus on home healthcare, where wheelchairs play a crucial role in post-operative recovery and daily mobility. Get Full Detailed PDF Report: https://www.extrapolate.com/healthcare-medical-devices-biotechnology/elderly-wheelchair-market/26197 Market Drivers and Restraints Drivers: The primary driver for the market is the demographic shift towards a larger elderly population. As life expectancy increases,...