The United States has solidified its position as a key player in the North American wheelchairs market, boasting an impressive 78.7% market share in 2021. This market dominance is expected to persist throughout the forecast period. The remarkable growth is attributed to the substantial target population and the rising adoption of cutting-edge wheelchair technologies. Moreover, the region’s market expansion is further bolstered by the presence of numerous industry participants.
This sustained growth in the United States signifies a promising future for the North American market, with a surge in demand for advanced wheelchair solutions and a robust support network of industry leaders set to drive the industry forward in the coming years. The United States’ unwavering leadership is a testament to its influential role in shaping the regional market landscape.
In accordance with the most recent industry assessment from Future Market Insights, the global wheelchairs market held an estimated value of approximately US$ 5.5 billion in 2021. The market is poised for a promising trajectory, with a projected Compound Annual Growth Rate (CAGR) of nearly 3.2% expected during the forecast period.
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Utilizing the skills and resources of the public, private, and nonprofit sectors is essential to fostering innovation and removing obstacles to accessibility and affordability for assistive technology (AT). For people to become more economically and civically engaged and to avoid adverse health effects, access to an appropriate wheelchair is essential.
A wheelchair is considered appropriate if it: satisfies the user’s demands and environmental requirements; offers a proper fit with ergonomic adjustment; is safe and reliable; is readily available in the nation; and can be obtained, maintained, and provided with services in the nation at a reasonable price. The usage of a appropriate wheelchair improves users’ mobility and flexibility, which is a requirement for active involvement in civic, professional, and educational activities.
Wheelchairs are among the most widely used assistive devices. Those who require wheelchairs have mobility limits and may include individuals with congenital abnormality, people with developmental and neurological problems (such as cerebral palsy or muscular dystrophy), people with a spinal cord injury, and people with musculoskeletal conditions (lower limb amputation), people living with physical handicap caused by polio or non-communicable diseases (NCDs) such as diabetes or stroke, and older people.
The wheelchair market is expected to grow as demand is created and consolidated around the best products in terms of effectiveness, features, quality, and cost. Additionally, in order to lower production costs and promote the adoption of strict quality standards, manufacturers and suppliers must collaborate in order to shape the global wheelchairs market for greater revenue sales.
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Key Takeaways from Market Study
- Manual wheelchairs are the leading segment as product, and hold approximately 5% market share in 2021, owing to their adoption by people with mobility issues, who do not suffer from chronic conditions.
- Lightweight wheelchair segment is set to lead in terms of function for wheelchairs with a projected market share of around 0% by 2032, owing to the ease of its use.
- Institutional sales accounted for around 2% of the global wheelchairs market, by distribution channel, in 2021, owed to the high adoption of treatment within institutional settings.
- North America is considered as the leading region with a global share of 4% in 2021, owed to the large number of available distributors for wheelchairs in the region.
“Mobility issues associated with ageing are likely to affect older generations, which is predicted to raise demand for wheelchairs and fuel market expansion for wheelchairs over the forecast period,” says an analyst of Future Market Insights.
Market Competition
The market for wheelchairs is highly fragmented, and there exists a number of competitors within the market sphere. Several local producers exist in low and middle-income nations, owing to favorable government regulations, incentives to manufacture locally, and the belief that wheelchairs are a low-tech product.
- Invacare Corporation announced the release of a new, slimmer version of the Invacare® AVIVA® STORM RXTM rear wheel drive power wheelchair in January 2022.
- Sunrise Medical announced the introduction of two new electric wheelchairs in January 2022 for both its adult QUICKIE and pediatric ZIPPIE lines.
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What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the wheelchairs market in its latest study, presenting a historical demand assessment of 2015 – 2021 and projections for 2022 – 2032. The global wheelchairs market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The research study is based on the product – (Manual Wheelchairs, and Powered Wheelchairs), function (standard transport wheel chair, self-propelled wheel chair, sports wheel chairs, standing wheel chairs, recliners wheel chairs, bariatric wheel chairs, and lightweight wheel chairs), and distribution channel (institutional sales, and retail sales), across seven key regions of the world.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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