Global Electric Wheelchair Market Share Is Expected To Grow At A CAGR Of 11.5% By 2030

02-Mar-2023 | Facts and Factors

According to Facts and Factors, the global electric wheelchair market size was worth around USD 3.5 billion in 2022 and is predicted to grow to around USD 8.3 billion by 2030 with a compound annual growth rate (CAGR) of roughly 11.5% between 2023 and 2030.

Global Electric Wheelchair Market

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An electric wheelchair also referred to as a motorized wheelchair or an electric-powered wheelchair, uses an electric motor rather than human strength to move forward. These wheelchairs are typically used by people who cannot push manual wheelchairs, either because of a physical condition or because they find it too difficult or tiring to do so over certain terrains or long distances.

Browse the full “Electric Wheelchair Market Size, Share, Growth Analysis Report By Type (Centre Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Standing Electric Wheelchair, Rear Wheel Drive Electric Wheelchair, and Others), By End User (Hospitals, Rehab Centers, Homes, Sports & Athletics, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/electric-wheelchair-market

In addition to those who have mobility impairments, those with severe medical conditions like cardiovascular disease or other serious medical conditions may also benefit from using an electric wheelchair. A joystick is typically used to steer a wheelchair forward, backward, right, or left. The majority of electric wheelchairs can be used indoors as well as outdoors.

One of the main drivers of the global electric wheelchair market growth is the rising prevalence of neurological disorders in conjunction with the rising geriatric population, which is more prone to orthopedic conditions. Additionally, electric wheelchairs enable people to move around easily and pleasantly on uneven, slick, grassy, and gravelly surfaces. Compared to their conventional counterparts, they also help with pressure relief, posture management, and dependency relief.

The development of electric wheelchairs that can be operated by voluntary motions like head, tongue, breath, and lower extremity control is also having a beneficial impact on the market. Along with these factors, the market development is also being aided by the growing interest in Paralympic sports, the availability of favorable reimbursement policies, and customization options. However, the high cost of electric wheelchairs is expected to hamper the market growth over the forecast period.

Global Electric Wheelchair Market

Segmental Overview:

The global electric wheelchair market is segmented based on type, end-user, and region.

Based on the type, the global market is bifurcated into center wheel drive electric wheelchairs, front wheel drives electric wheelchairs, standing electric wheelchairs, rear wheel drives electric wheelchairs, and others. The front wheel drive electric wheelchair segment is expected to grow at the highest CAGR during the forecast period.

For a variety of factors, front-wheel drive is highly advantageous. One of the greatest benefits is that, in contrast to other drive wheel configurations, there are two fewer tires in contact with the ground, distributing the force more evenly among the four tires. The front-wheel drive electric wheelchair performs well when traveling over soft ground, grass, or uneven gravel due to the more traction provided by the higher force. An obstacle is also first encountered by the drive wheels. The remainder of the chair is pulled along by the large tires as they "grab" an obstruction like a curb or step and cross over it.

Moreover, Power wheelchairs with front-wheel propulsion have lower seat-to-floor heights. This improves wheelchair users' social inclusion and ability to fit more readily under standard-sized tables and desks. Indoors, a front-wheel drive configuration is also advantageous. It can readily turn around corners inside the home.

Based on the end-user, the electric wheelchair industry is bifurcated into hospitals, rehab centers, homes, sports & athletics and others. The hospital segment is expected to hold the largest market share over the forecast period. The growth in the segment is attributable to the growing demand for medical emergencies that require wheelchairs. Wheelchairs are required for post-surgical procedures because they are used to transport patients to and from the hospital, patient rooms for MRIs, and doctor's offices in large medical facilities.

Regional Overview:

Due to the existence of several well-known manufacturers of electric wheelchairs in the United States and Canada, North America is anticipated to dominate the global electric wheelchair market during the analysis period. To make up for the unmet medical needs, emerging markets like India and China are anticipated to spend more money, which will drive the market in Asia-Pacific to grow at a significant rate. It is further expected that advances in technology will present lucrative opportunities for the growth of the electric wheelchair industry in these countries as they create affordable power wheelchairs.  

Report Scope

Report Attribute

Details

Market Size in 2022

USD 3.5 Billion

Projected Market Size in 2030

USD 8.3 Billion

CAGR Growth Rate

11.5% CAGR

Base Year

2022

Forecast Years

2023-2030

Key Market Players

Invacare Corporation, Sunrise Medical Limited, Permobil AB, OttoBock Healthcare, Drive Medical Ltd, Pride Mobility Products Corp., Drive Medical Ltd, LEVO Ag, MEYRA GmbH, Karman Healthcare, GF Health Products, Golden Technologies, Seniority Mobility, Matsunaga Manufactory Co. Ltd., Miki Kogyosho Co. Ltd., Nissin Medical Industries Co. Ltd., EZ Lite Cruiser, Roma Medical, Quantum Rehab, and others.

Key Segment

By Type, End User, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

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Competitive Landscape:

The global electric wheelchair market is dominated by players like Invacare Corporation, Sunrise Medical Limited, Permobil AB, OttoBock Healthcare, Drive Medical Ltd, Pride Mobility Products Corp., Drive Medical Ltd, LEVO Ag, MEYRA GmbH, Karman Healthcare, GF Health Products, Golden Technologies, Seniority Mobility, Matsunaga Manufactory Co., Ltd., Miki Kogyosho Co. Ltd., Nissin Medical Industries Co., Ltd., EZ Lite Cruiser, Roma Medical, and Quantum Rehab among others.

Recent Development:

  • In February 2020, Monroe Wheelchair was acquired by Numotion, a US-based supplier of Complex Rehab Technology (CRT) services. Numotion has been able to expand its powers and reach more of the Northeast due to this acquisition. A manufacturer of electric wheelchairs with a US basis is Monroe Wheelchair.
  • In November 2021, the new iCHAIR METLIFE-powered wheelchair was unveiled by MEYRA GmbH under the NETTI brand. To meet the needs of individuals with various disabilities, this chair was specially developed.

The global electric wheelchair market is segmented as follows:

By Type

  • Centre Wheel Drive Electric Wheelchair
  • Front Wheel Drive Electric Wheelchair
  • Standing Electric Wheelchair
  • Rear Wheel Drive Electric Wheelchair
  • Others

By End User

  • Hospitals
  • Rehab Centers
  • Home
  • Sports & Athletics
  • Others

By Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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