USD 9.66 billion
Global Wheelchair Market Size, Share, Growth Analysis, By Type(Manual wheelchairs and powered wheelchairs), By End user(Hospitals, home care settings), By Application(Standard wheelchairs, sports wheelchairs) - Industry Forecast 2024-2031
Report ID:
SQMIG35B2157 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
90 |
Figures:
76
Global Wheelchair Market Insights
Wheelchair Market size was valued at USD 9.66 billion in 2022 and is poised to grow from USD 11.14 billion in 2023 to USD 30.17 billion by 2030, at a CAGR of 15.3% during the forecast period (2023-2030).
The global wheelchair market has been witnessing significant growth and advancements in recent years. Increasing incidences of disabilities, a growing aging population, and rising awareness about mobility aid devices are driving the demand for wheelchairs across the globe.
Technological advancements and innovations in wheelchair designs have resulted in improved comfort, ease of use, and enhanced mobility for individuals with disabilities.
The market is experiencing a shift towards lightweight and foldable wheelchairs, providing portability and convenience. Furthermore, the integration of smart features and electronic controls in wheelchairs has opened up new opportunities in the market.
The expanding healthcare infrastructure and government initiatives to promote inclusivity and accessibility are also fueling the market growth. However, high costs associated with advanced wheelchair models and the lack of accessibility in certain regions pose challenges to market expansion.
Overall, the global wheelchair market is poised for steady growth, driven by technological advancements and a rising demand for improved mobility solutions.
US Wheelchair Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
15.3% CAGR
Global Wheelchair Market by region
Country Share for North America (%)
Global Wheelchair Market by end-user
Global Wheelchair Market by end-user
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Global Wheelchair Market Segmental Analysis
The global wheelchair market can be segmented based on type, application, end-user, and region. In terms of type, the market can be divided into manual wheelchairs and powered wheelchairs. On the basis of application, the market can be categorized into standard wheelchairs, sports wheelchairs, bariatric wheelchairs, and pediatric wheelchairs. Regarding end-users, the market can be segmented into hospitals, home care settings, and rehabilitation centers. Geographically, the market can be analyzed across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Wheelchair Market Analysis By Type
The global wheelchair market encompasses a wide range of types, catering to various mobility needs. Manual wheelchairs, propelled by the user, remain popular due to their affordability and simplicity. Electric wheelchairs, powered by batteries, offer greater independence and ease of use, particularly for individuals with limited upper body strength. Sports wheelchairs are specifically designed for athletic activities, providing enhanced maneuverability and stability. Standing wheelchairs allow users to change positions and stand upright, promoting better blood circulation and health. Additionally, specialized wheelchairs, such as pediatric and bariatric models, are available to address unique requirements. This diverse array of wheelchair types demonstrates the industry's commitment to improving accessibility and inclusivity for individuals with mobility challenges.
Wheelchair Market Analysis By Application
The global wheelchair market is experiencing significant growth and diversification in terms of applications. Wheelchairs are widely used across various sectors, including healthcare, sports, and personal mobility. In the healthcare sector, wheelchairs are essential for individuals with disabilities or mobility impairments, providing them with enhanced mobility and independence. Additionally, sports wheelchairs cater to athletes participating in wheelchair sports, enabling them to compete at a high level. Moreover, wheelchairs are also utilized for personal mobility purposes, facilitating movement and accessibility for individuals with temporary injuries or elderly individuals. With the increasing recognition of the importance of inclusivity and accessibility, the demand for wheelchairs across these applications is expected to continue growing in the foreseeable future.
Global Wheelchair Market by end-user, 2023 (%)
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Global Wheelchair Market Regional Insights
The global wheelchair market exhibits regional variations in terms of demand and market dynamics. North America dominates the market due to a high prevalence of disabilities, favorable reimbursement policies, and advanced healthcare infrastructure. Europe follows closely, driven by an aging population and government initiatives promoting inclusive mobility.
Asia Pacific is witnessing significant growth due to improving healthcare infrastructure, rising awareness about accessibility, and a large population base. Latin America and the Middle East & Africa regions are also experiencing growth, driven by increasing healthcare spending and a growing awareness of the importance of mobility aids. However, regional differences in economic development and healthcare access influence the adoption and affordability of wheelchairs across different markets.
Global Wheelchair Market by geography, 2024-2031
- Largest
- Fastest
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Global Wheelchair Market Dynamics
Wheelchair Market Drivers
Rising Need to Cater Elderly Population
- One driver of the global wheelchair market is the increasing geriatric population worldwide. As the elderly population grows, so does the demand for mobility aids such as wheelchairs. Aging individuals often face mobility challenges due to conditions like arthritis, osteoporosis, and other age-related disabilities. Wheelchairs provide them with the means to move around independently and maintain an active lifestyle, thereby enhancing their quality of life. This rising demand from the elderly population is driving the growth of the global wheelchair market.
Wheelchair Market Restraints
High Manufacturing Cost
- One of the significant restraints in the global wheelchair market is the high cost associated with advanced and customized wheelchair models. Technological advancements have led to the development of sophisticated wheelchairs with advanced features such as power-assisted functions, adjustable seating, and specialized designs for specific disabilities. While these features offer increased comfort and convenience, they also contribute to higher manufacturing costs, which are eventually passed on to the consumers. The high price of such wheelchairs limits their affordability, especially for individuals from low-income backgrounds or regions with inadequate health care coverage. This poses a challenge in ensuring access to high-quality wheelchairs for all individuals in need, thereby restraining the growth of the global market.
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Global Wheelchair Market Competitive Landscape
The global wheelchair market is highly competitive, characterized by the presence of several key players striving to capture a significant market share. These companies are constantly investing in research and development activities to introduce technologically advanced and ergonomically designed wheelchairs to cater to the diverse needs of the disabled population. Moreover, they are focusing on strengthening their distribution networks and enhancing their production capabilities to maintain their competitive edge in the market.
Wheelchair Market Top Player’s Company Profiles
- Invacare Corporation - United States
- Sunrise Medical - United Kingdom
- Permobil AB - Sweden
- Ottobock - Germany
- Pride Mobility Products Corporation - United States
- Drive DeVilbiss Healthcare - United States
- Karman Healthcare - United States
- Meyra - Germany
- Panthera AB - Sweden
- 21st Century Scientific Inc. - United States
- GF Health Products, Inc. (Graham-Field) - United States
- Levo AG - Switzerland
- Motion Composites - Canada
- Karman Healthcare - United States
- NOVA Medical Products - United States
- NISSIN Medical Industries Co., Ltd. - Japan
- TiLite (Permobil AB) - United States
- Carex Health Brands - United States
- Merits Health Products - Taiwan
- Colours Wheelchair - United States
Wheelchair Market Recent Developments
- In January 2022, the 'One Remedy' innovation, which also integrates the most famous wheelchair users with several of the impressive aspect structures for such a perfect system, was introduced by Powered Company.
Global Wheelchair Key Market Trends
- The global wheelchair market is witnessing several key market trends. Firstly, there is a growing demand for technologically advanced wheelchairs equipped with features like power assistance, smart controls, and ergonomic designs to enhance user comfort and mobility. Additionally, there is a rising emphasis on lightweight and portable wheelchairs to improve maneuverability and ease of transportation. Furthermore, the market is experiencing an increased focus on customization and personalization options to cater to individual needs and preferences. Lastly, there is a growing trend of collaborations between wheelchair manufacturers and healthcare providers to develop innovative solutions and improve accessibility for people with disabilities worldwide.
Global Wheelchair Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types 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 analysis, the future prospects of the global wheelchair market are promising, driven by several key factors. Firstly, the rising global geriatric population and the increasing prevalence of mobility-related disabilities are expected to fuel the demand for wheelchairs. Additionally, advancements in wheelchair technology, such as lightweight materials, ergonomic designs, and advanced power assist features, are enhancing user comfort and convenience, driving market growth. Furthermore, the integration of digital technologies like Internet of Things (IoT) and artificial intelligence (AI) into wheelchair designs is opening new avenues for market growth. Overall, with the growing need for mobility solutions and technological advancements, the global wheelchair market is poised for substantial growth in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.66 billion |
| Market size value in 2031 | USD 30.17 billion |
| Growth Rate | 15.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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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 Global 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
- Exhibit: Impact analysis of DROC, 2021
- 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 Global 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
- Exhibit: Impact analysis of DROC, 2021
- 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
- Competitive rivalry
- 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(%)
- Total number of companies covered
Methodology
For the Global 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 Global 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 Global Wheelchair Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 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.
Global Wheelchair Market Report Snapshots
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