Category: Business

The European electric wheelchair market faces a number of challenges stemming from both industry-specific and broader economic and regulatory concerns. Industry barriers include growing rivalry among suppliers and manufacturers offering a wide range of products. Companies in the industry may experience pressure on prices and a decline in profit margins as a result of growing competition. Moreover, businesses, especially smaller ones, may face difficulties with compliance and certification procedures due to the strict rules and guidelines that control the production and sale of medical devices in Europe.