Global Electric Wheelchair Market Size 2024, Forecast To 2033
11 Mar, 2024
The electric wheelchair market has witnessed rapid growth, escalating from $4.86 billion in 2023 to $5.58 billion in 2024, reflecting a compound annual growth rate (CAGR) of 14.9%. This surge in the historical period is attributed to the rise in orthopedic surgeries, increasing incidences of obesity, rapid expansion of the geriatric population, and regulations favoring disabled-friendly environments. Forecasts anticipate continued rapid growth, with the market projected to reach $8.8 billion in 2028, boasting a compound annual growth rate (CAGR) of 12.1%. This expansion is propelled by increasing government initiatives, a growing demand for electric mobility devices for people with disabilities, improvements in healthcare infrastructure, and rising healthcare expenditure. Major trends in the forecast period include the launch of smart wheelchairs, next-generation rear-wheelchairs, venerable e-motion power-assist systems, new lightweight electric wheelchairs, technological advancements, and a focus on strategic partnerships and collaborations.
Global Electric Wheelchair Market Key Driver
The growth of the electric wheelchair market is fueled by an increase in the incidence of spinal deformities, referring to abnormal alignment or curvature of the bony vertebral column. Severe forms of conditions like scoliosis can lead to disability, necessitating the use of wheelchairs for mobility and comfort. As highlighted by the Columbia University Irving Medical Center, scoliosis, a prevalent spinal disorder affecting 2% to 3% of Americans, equating to 6 million to 9 million people in 2021, underscores the significance of electric wheelchairs for those affected. The rising prevalence of spinal deformities is expected to drive the electric wheelchair market, with market sizes in 2023, 2024, and 2028 playing a pivotal role in assessing its growth trajectory.
Get A Free Sample Of The Global Electric Wheelchair Market ReportGlobal Electric Wheelchair Market Segments
The electric wheelchair market covered in this report is segmented –
1) By Product Type: Center Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Rear Wheel Drive Electric Wheelchair, Standing Electric Wheelchair, Other Products
2) By Category: Adults, Pediatric
3) By Application: Homecare, Hospitals, Ambulatory Surgical Centers, Rehabilitation Centers, Other Applications
By Geography:The regions covered in the electric wheelchair market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the electric wheelchair market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric wheelchair market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Electric Wheelchair Industry Players
Invacare Corporation, Sunrise Medical Limited, Pride Mobility Products Corp, Permobil AB, Ottobock SE & Co. KGaA, Golden Technologies, Drive Medical Ltd, Hoveround Corporation, GF Health Products, Karman Healthcare, Ostrich mobility, Motorized, Hero, Med-e-move, Vissco, Micro & Nano Technologies, Guangdong Kaiyang Medical, Yongkang Goodbrother, Jiangsu Yuyue Medical, Hebei Satcon Medical, Evox Therapeutics, Phoenix, Linet, Karma, Reac Poland Sp.Zoo, Mobilex, Quantum Rehab, Medline, Graham field Health Products Inc, Numotion, Carex Health Brands Inc, AGA Sanitätsartikel GmbH, Brumaba GmbH & Co. KG, medifa-hesse GmbH & Co. KG, UFSK-International OSYS GmbH, Stiegelmeyer GmbH & Co. Kg, Mr. Wheelchair, Medop CC, CE Mobility, CareChamp, Sitwell Technologies, Sheer Mobility
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Electric Wheelchair Market Overview
An electric wheelchair refers to a seating surface with wheels affixed to it that is propelled by an electrically based power source, mainly motors and batteries. They are suitable for all age groups and are available in various sizes and heights. It is mainly used to move from one place to another by individuals having medical conditions or those who face difficulty in walking.
Electric Wheelchair Global Market Report 2023 provides data on the global electric wheelchair market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The electric wheelchair market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.