Global Electric Wheelchair Market

Electric Wheelchair Market Size, Share, Growth Analysis, By Type(Center Wheel Drive Wheelchairs, Front Wheel Drive Wheelchairs), By End-user(Hospitals and Clinics, Home Care Settings) - 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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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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Global Electric Wheelchair Market

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