Electric Wheelchair Market Size, Share, Growth Analysis, By Type(Center Wheel Drive Wheelchairs, Front Wheel Drive Wheelchairs, Rear Wheel Drive Wheelchairs, Standing Electric Wheelchairs), By End-user(Hospitals and Clinics, Home Care Settings, Rehabilitation Centers), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2790 | Region: Global | Published Date: February, 2024
Pages: 219 |Tables: 64 |Figures: 75

Electric Wheelchair Market Insights

Global Electric Wheelchair Market size was valued at USD 3.02 billion in 2021 and is poised to grow from USD 3.91 billion in 2022 to USD 8.6 billion by 2030, at a CAGR of 10.35% during the forecast period (2023-2030).

Globally, Over the projected period, the worldwide electric wheelchair market is predicted to increase significantly. The rising innovation of technology, as well as the growing demand for electric mobility devices for persons with disabilities and the elderly, are expected to drive market expansion throughout the forecast period. The rising frequency of chronic illnesses and the growing older population are the primary factors expected to drive market expansion. An electric wheelchair is a battery-powered motorized wheelchair that is favored by those who have a medical condition or have difficulties walking. These wheelchairs typically have four or six wheels and may be partially removed for travel. Because they lack upper body strength or desire to remain independent, some people prefer electric wheelchairs over manual wheelchairs. The technical growth in the wheelchair industry has begun to provide electric wheelchairs that resemble mobility scooters in terms of comfort, storage capacity, armrest, and joystick for controlling the movement of a wheelchair.

The electric wheelchair primarily relies on batteries and motors to travel from one location to another when powered by electricity. A joystick is often used for movement to select the direction in which the movement is wanted. This is a contraption that is pushed by electric power to allow for effortless mobility of the human. The increased demand has also facilitated the need for new technologies to be developed. . The leading market participants have increased the overall weight of the electric wheelchair due to a rising desire to make the electric wheelchair sturdier in order to transport fat persons. This, in turn, has a detrimental influence on the performance of the electric wheelchair, which requires more electric power to move from a stationary position. Rapid technical improvements are being made in order to integrate these automated devices into society. Individual carers are becoming less necessary as electronic wheelchairs become more popular.

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Electric Wheelchair Market Segmental Analysis

The global electric wheelchair market can be segmented based on type and end-use. By type, the market can be divided into center wheel drive wheelchairs, front wheel drive wheelchairs, rear wheel drive wheelchairs, standing electric wheelchairs. Based on the end-user, the market can be categorized into hospitals and clinics, home care settings, rehabilitation centers. Based on region, the market is segmented into North America, Latin America, Europe, and MEA.

Analysis by Type

Center wheel drive wheelchairs are expected to witness steady growth in the future. The ease of maneuverability and superior control offered by these wheelchairs make them ideal for indoor use, especially in confined spaces such as homes, hospitals, and clinics. Front wheel drive wheelchairs are projected to experience significant growth in the future, driven by their excellent climbing ability and traction on various terrains. These wheelchairs are well-suited for outdoor use and provide a smooth ride even on uneven surfaces. Rear wheel drive wheelchairs are anticipated to maintain a prominent market share in the future. These wheelchairs strike a balance between maneuverability and stability, making them versatile for both indoor and outdoor use. Manufacturers will also likely invest in advanced technologies to enhance the safety, comfort, and functionality of standing electric wheelchairs.

Analysis by End-user

The demand for electric wheelchairs in hospitals and clinics is expected to remain robust. The growing emphasis on patient comfort, efficient patient transportation, and advanced healthcare infrastructure will drive the adoption of electric wheelchairs in these settings. Manufacturers will likely focus on designing lightweight, ergonomic, and easy-to-clean electric wheelchairs that meet the specific needs of healthcare professionals and patients. the demand for electric wheelchairs in residential settings. Manufacturers will focus on developing compact, user-friendly, and aesthetically pleasing electric wheelchairs suitable for home environments, with features like foldability, easy storage, and improved battery life.

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Electric Wheelchair Market Regional Insights

The largest market region in the global electric wheelchair market is North America. North America has witnessed significant growth in the demand for electric wheelchairs due to several factors. The region's dominant market position can be attributed to factors such as a high adoption rate of advanced healthcare technologies, favorable reimbursement policies, and the presence of major market players. The US, in particular, has a well-established healthcare infrastructure and a large geriatric population, which has fueled the demand for electric wheelchairs. Additionally, increasing awareness about mobility solutions and the need for improved accessibility have contributed to the growth of the electric wheelchair market in North America.

Asia Pacific region is the fastest growing region in the global electric wheelchair market. The Asia Pacific market has witnessed rapid growth due to factors such as a growing population, rising disposable income, and improving healthcare infrastructure. The region has a large aging population, especially in countries like Japan and China, which has increased the demand for electric wheelchairs. Furthermore, the rising prevalence of disabilities, increasing government initiatives, and expanding healthcare expenditure in countries across the region have also fueled market growth. The Asia Pacific market offers significant growth opportunities for electric wheelchair manufacturers, and they are focusing on product development and strategic partnerships to tap into this emerging market.

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Electric Wheelchair Market Dynamics

Drivers

Increasing Geriatric Population to Bolster market growth

  • The growing global geriatric population is a major driver of the electric wheelchair market. As people age, the risk of mobility-related disorders and disabilities increases, leading to a higher demand for mobility assistance devices such as electric wheelchairs. The need for improved mobility and independence among the elderly population is driving the market growth.
  • The increasing prevalence of disabilities, including spinal cord injuries, muscular dystrophy, and multiple sclerosis, is a significant driver for the electric wheelchair market. These disabilities often result in limited mobility and require assistive devices for individuals to move around comfortably. Electric wheelchairs provide a convenient and efficient mode of transportation for individuals with disabilities, thereby driving the market growth.

Restraints

High Costs to Hinder market growth

  • The high cost associated with electric wheelchairs is a significant restraint in the market. Electric wheelchairs tend to be more expensive than manual wheelchairs due to the advanced technologies, materials, and components involved. The cost can be a barrier, especially for individuals with limited financial resources or in regions with limited healthcare coverage, hindering the adoption of electric wheelchairs.
  • Inadequate or limited reimbursement policies for electric wheelchairs pose a restraint on market growth. In some regions, the reimbursement coverage for electric wheelchairs may be limited or not fully cover the cost, making it challenging for individuals to afford these devices. This factor can limit the market potential, particularly in regions with inadequate healthcare coverage or where reimbursement policies are not comprehensive.

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Electric Wheelchair Market Competitive Landscape

The Global Electric Wheelchair Market is highly competitive, with several players vying for a significant market share. The leading companies in the industrial, information technology, consumer safety, consumer services, and hospitality market are investing heavily in research and development to stay ahead of the competition and offer innovative solutions to their customers. Some of the major players in the market have a global presence. They are also focused on expanding their product portfolio and enhancing their distribution networks to better serve their customers.

Top Player’s Company Profiles

  • Permobil AB (Sweden)
  • Ottobock SE & Co. KGaA (Germany)
  • Drive DeVilbiss Healthcare (US)
  • Karman Healthcare Inc. (US)
  • Quantum Rehab (US)
  • LEVO AG (Switzerland)
  • Meyra GmbH (Germany)
  • Panthera AB (Sweden)
  • Etac AB (Sweden)
  • Medline Industries, Inc. (US)
  • HME Ltd. (Canada)
  • Ottobock Healthcare PLC (United Kingdom)
  • Karma Medical Products Co., Ltd. (Taiwan)
  • Invictus Active (United Kingdom)
  • Meyra-Ortopedia Vertriebsgesellschaft mbH (Germany)
  • Whirlwind Wheelchair International (US)
  • Sunrise Medical (US) LLC (US)

Recent Developments

  • In February 2022 – the e-fix eco, which is a power assisted device of the next generation, was introduced by the Invacare Corp. The introduction of this new device helps to transform a normal wheelchair which is regularly used into a power wheelchair which is portable with the help of a joystick. The use of in wheel motors and batteries have been observed in this device.
  • In January 2022 – Invacare AVIVA STORM RX which is a powered wheelchair having a narrow base was introduced by the Invacare Corp. this is a new model which was introduced by the company in order to offer multiple advanced features as compared to its previous standard version launched in the market.

Electric Wheelchair Key Market Trends

  • AI and IoT technologies are revolutionizing the electric wheelchair industry by enhancing user experience, safety, and functionality. These technologies enable electric wheelchairs to become more intelligent, connected, and personalized, offering several benefits to users. IoT capabilities enable electric wheelchairs to connect to the internet and other devices, allowing for seamless data exchange and remote monitoring. Wheelchair users and caregivers can access real-time information about the wheelchair's performance, battery status, and location, enhancing overall safety and maintenance. IoT connectivity also enables remote diagnostics and software updates, reducing the need for physical service visits and improving the overall user experience.

Electric Wheelchair Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analyses, the future scope of the global electric wheelchair market is promising, with several factors contributing to its growth. One of the key drivers is the aging population worldwide. As the number of elderly individuals continues to rise, the demand for electric wheelchairs is expected to increase significantly. Aging individuals often experience mobility-related disorders and disabilities, making electric wheelchairs a vital assistive device for maintaining independence and improving quality of life. The market is driven by various factors such as the increasing geriatric population, rising prevalence of disabilities, and technological advancements in the industry. The growing prevalence of disabilities, including spinal cord injuries, muscular dystrophy, and multiple sclerosis, is driving the demand for electric wheelchairs. Technological advancements, such as AI and IoT integration, are expected to play a significant role in shaping the future of the market. AI algorithms enable electric wheelchairs to navigate complex environments and avoid obstacles, enhancing safety and independence for users. IoT connectivity allows for real-time data exchange, remote monitoring, and personalized features, further improving user experience.

Report Metric Details
Market size value in 2023 USD 3.02 billion
Market size value in 2031 USD 8.6 billion
Growth Rate 10.35%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Center Wheel Drive Wheelchairs, Front Wheel Drive Wheelchairs, Rear Wheel Drive Wheelchairs, Standing Electric Wheelchairs
  • End-user
    • Hospitals and Clinics, Home Care Settings, Rehabilitation Centers
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Permobil AB (Sweden)
  • Ottobock SE & Co. KGaA (Germany)
  • Drive DeVilbiss Healthcare (US)
  • Karman Healthcare Inc. (US)
  • Quantum Rehab (US)
  • LEVO AG (Switzerland)
  • Meyra GmbH (Germany)
  • Panthera AB (Sweden)
  • Etac AB (Sweden)
  • Medline Industries, Inc. (US)
  • HME Ltd. (Canada)
  • Ottobock Healthcare PLC (United Kingdom)
  • Karma Medical Products Co., Ltd. (Taiwan)
  • Invictus Active (United Kingdom)
  • Meyra-Ortopedia Vertriebsgesellschaft mbH (Germany)
  • Whirlwind Wheelchair International (US)
  • Sunrise Medical (US) LLC (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Electric Wheelchair Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Electric Wheelchair Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Electric Wheelchair Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electric Wheelchair Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electric Wheelchair Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Electric Wheelchair Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Electric Wheelchair Market size was valued at USD 3.02 billion in 2021 and is poised to grow from USD 3.91 billion in 2022 to USD 8.6 billion by 2030, at a CAGR of 10.35% during the forecast period (2023-2030).

The Electric Wheelchair Market is highly competitive, with several players vying for a significant market share. The leading companies in the industrial, information technology, consumer safety, consumer services, and hospitality market are investing heavily in research and development to stay ahead of the competition and offer innovative solutions to their customers. Some of the major players in the market have a presence. They are also focused on expanding their product portfolio and enhancing their distribution networks to better serve their customers. 'Invacare Corporation (US)', 'Pride Mobility Products Corporation (US)', 'Permobil AB (Sweden)', 'Sunrise Medical LLC (US)', 'Ottobock SE & Co. KGaA (Germany)', 'Drive DeVilbiss Healthcare (US)', 'Karman Healthcare Inc. (US)', 'Quantum Rehab (US)', 'LEVO AG (Switzerland)', 'Meyra GmbH (Germany)', 'Panthera AB (Sweden)', 'Etac AB (Sweden)', 'Medline Industries, Inc. (US)', 'HME Ltd. (Canada)', 'Ottobock Healthcare PLC (United Kingdom)', 'Karma Medical Products Co., Ltd. (Taiwan)', 'Invictus Active (United Kingdom)', 'Meyra-Ortopedia Vertriebsgesellschaft mbH (Germany)', 'Whirlwind Wheelchair International (US)', 'Sunrise Medical (US) LLC (US)'

The growing geriatric population is a major driver of the electric wheelchair market. As people age, the risk of mobility-related disorders and disabilities increases, leading to a higher demand for mobility assistance devices such as electric wheelchairs. The need for improved mobility and independence among the elderly population is driving the market growth.

AI and IoT technologies are revolutionizing the electric wheelchair industry by enhancing user experience, safety, and functionality. These technologies enable electric wheelchairs to become more intelligent, connected, and personalized, offering several benefits to users. IoT capabilities enable electric wheelchairs to connect to the internet and other devices, allowing for seamless data exchange and remote monitoring. Wheelchair users and caregivers can access real-time information about the wheelchair's performance, battery status, and location, enhancing overall safety and maintenance. IoT connectivity also enables remote diagnostics and software updates, reducing the need for physical service visits and improving the overall user experience.

The largest market region in the electric wheelchair market is North America. North America has witnessed significant growth in the demand for electric wheelchairs due to several factors. The region's dominant market position can be attributed to factors such as a high adoption rate of advanced healthcare technologies, favorable reimbursement policies, and the presence of major market players. The US, in particular, has a well-established healthcare infrastructure and a large geriatric population, which has fueled the demand for electric wheelchairs. Additionally, increasing awareness about mobility solutions and the need for improved accessibility have contributed to the growth of the electric wheelchair market in North America.

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