The electric wheelchair market will be worth US$ 4,352.4 million by 2023. Between 2023 and 2033, the global market share is predicted to increase by 10.4% CAGR. Furthermore, the global electric wheelchair market is expected to reach US$ 11,741.6 million by 2033.
The demand for electric wheelchairs is poised to increase by 2.5X, recording a CAGR of 10.4% over the next ten years. By the conclusion of this forecast period in 2033, the overall electric wheelchair market value is anticipated to reach US$ 11,741.6 million.
The rise in the older population with age-related mobility issues is a leading cause for the growing sales of electric wheelchairs worldwide. Besides that, the need for automated wheelchairs for persons with disabilities is an emerging trend driving the global demand for electric wheelchairs. Furthermore, improving lifestyle with high disposable money is also considered responsible for the electric wheelchair industry’s expansion in recent years.
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The worldwide sales of electrical wheelchairs are anticipated to be hampered by the high cost of the devices and lack of infrastructure and awareness.
Key Takeaways from the Electric Wheelchair Market Report:
- The United States alone manufactured around 18.2% of the world’s electric wheelchairs in 2022 because of the presence of significant players in the country.
- In Europe, Germany is the leading manufacturer of electrical wheelchairs, contributing an 8.2% share of the global revenue generated in 2022.
- China now holds a dominant position in Asia with a global market share of 10.1% in 2022 and is anticipated to strengthen through 2033.
- India currently accounts for almost 9.1% of the global revenue and is anticipated to become the leading market for electric wheelchairs in Asia.
- In terms of product type, the center-wheel drive category dominated the electric wheelchair market in 2022 with a 30.1% global market share.
Recent Developments by the Electric Wheelchair Manufacturing Industries:
Sunrise Medical Company introduced an ultra-light QUICKIE Nitrum wheelchair in July 2021. This innovation in mobility aids & transportation equipment provides the best stiffness and strength.
The e-fix eco Power Assist Device from Invacare Corporation was released in February 2022. The improved design of this new technology can transform manual wheelchairs into electric wheelchairs.
An innovative electric wheelchair called the Scewo BRO was introduced in January 2022 by the Swiss firm Scewo. The company claims this innovative product can set new market trends in electric wheelchairs to help persons with mobility problems upstairs.
A mobility aids and transportation equipment manufacturer based in the United States called Segway debuted an egg-shaped pod in January 2020. This electric mobility solution lets patients quickly travel across airports, amusement parks, campuses, and cities.
Competitive Landscape for the Electric Wheelchair Market Players:
The market is somewhat fragmented, with local and international firms predominating the powered wheelchair industry. The overall market is poised to develop over the introduction of wheelchairs, which enable more effective long- and short-distance ambulation and enhanced freedom.
Leading Key Players:
- OttoBock Healthcare GmbH
- Invacare Corp.
- Pride Mobility Products Corp.
- Permobil AB
- Sunrise Medical Limited
- Hoveround Corporation
- LEVO AG, Invacare Corp.
- MEYRA GmbH
- Medical Depot, Inc.
- GF HEALTH PRODUCTS, INC
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Electric Wheelchair Market Segmentation:
By Product Type:
- Front Wheel Drive
- Rear Wheel Drive
- Standing Electric Wheelchairs
By End Users:
- Hospitals & Clinic
- Home Care
- Sports Conditioning
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- The Middle East and Africa (MEA)
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