Market Outlook 2023 China s wheelchair industry development goals and market size forecast

Mondo Finance Updated on 2024-02-18

Major listed companies in the industry:Yuyue Medical (002223); Kefu Medical (301087); INTCO Medical (300677) and others.

Policy development goals

——Interpretation of "Accelerating the Implementation of the Home Renovation Project for the Elderly for the Elderly".

Wheelchair is an important product to ensure the normal life of the elderly in China. In order to better promote the promotion of wheelchairs and other first-class products and improve the use experience of the elderly, the Ministry of Civil Affairs, the National Development and Reform Commission, the Ministry of Finance and other departments jointly formulated the "Accelerate the Implementation of the Home Renovation Project for the Elderly". The main contents are as follows:

——Interpretation of the Action Plan for the Development of Smart Health and Elderly Care Industry (2021-2025).

The smart health and elderly care industry is an emerging industrial form that takes intelligent products and information system platforms as the carrier, faces the health and pension service needs of the people, and deeply integrates the application of the Internet of Things, big data, cloud computing, artificial intelligence and other new generation information technology. In order to further promote the development of the smart health care industry, actively respond to the aging of the population, and meet the increasingly urgent health and pension needs of the people, the Ministry of Industry and Information Technology and relevant departments jointly formulated the Action Plan for the Development of the Smart Health Care Industry (2021-2025).

——Interpretation of the development goals of the wheelchair industry in 31 provinces and cities

At the local level, relevant departments have responded to the call of national policies and issued wheelchair industry plans suitable for their own development, including improving the supply of regional first-class assistive equipment, developing intelligent wheelchair products, and standardizing the development of the elderly care industry. The development goals of wheelchairs in 31 provinces and cities during the "14th Five-Year Plan" period are as follows:

Industry development prospects**

——Market size**

With the deepening of China's aging population and the improvement of consumption level, the market penetration rate of wheelchair products will be further improved, and the market size of wheelchairs will continue to expand. Therefore, the size of the wheelchair market will maintain steady growth, and the size of China's wheelchair market is expected to exceed 35 billion yuan by 2028.

For more research and analysis of this industry, please refer to the "February ** Dynamic Incentive Plan China Wheelchair Industry Market Prospect and Investment Strategic Planning Analysis Report" by the Prospective Industry Research Institute.

At the same time, the Prospective Industry Research Institute also provides solutions such as industrial big data, industrial research reports, industrial planning, park planning, industrial investment, industrial mapping, smart investment promotion system, industry status certification, IPO consulting, fundraising and investment feasibility study, and IPO working paper consulting. To quote the content of this article in any public information disclosure such as prospectus and annual report, formal authorization from Qianzhan Industry Research Institute is required.

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