Electric Wheelchair Market – Use of Advanced Technology is expected to Lead to Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 8.1% from 2022 to 2028

As stated in our extensive report, the Global Electric Wheelchair Market accounted for USD 2.7 Billion in the year 2021. A wheelchair is a medical device that provides mobility to persons with little or no ambulatory ability to move around independently. Wheelchairs help people become more autonomous and mobile by propelling them manually or via automated mechanisms. Physical disabilities in children and adults are on the rise 10;According to the World Health Organization (WHO), roughly 15% of the global population suffered from various forms of impairment in 2018. Additionally, the global geriatric population is expected to increase the demand for wheelchairs during the projected period.

The key drivers of the market are the geriatric population and technological advancements. The senior population is rapidly increasing in every country across the globe.Over the forecast period, the worldwide market is expected to grow due to the significant increase in the elderly population with chronic illness, co-morbidity, and other disabilities. In addition, a substantial rise in spinal cord injuries among the elderly is expected to drive market sales rapidly throughout the projection period. Demand for wheelchairs is expected to increase during the forecast period, owing to the prevalence of walking difficulties among all age groups and the frequency of lower extremity injuries. In the coming years, rapid technological advancements in wheelchairs and the development of new products by several companies, such as motorized wheelchairs, are projected to boost wheelchair sales.

North America holds the largest share in the Electric Wheelchair Market and is expected to continue this trend in the forecast period. This is owing to the increase in the aging population and spinal injuries in the region.

Notable and prominent players in the GlobalElectric Wheelchair Marketinclude-GF Health Products (US), Sunrise Medical (Germany), Quantum Rehab (US), Permobil AB (Sweden), Pride Mobility Products Corp (US), Invacare Corporation (US), Drive Medical (US), Ottobock (Germany), Levo AG (Switzerland), Karman Healthcare (US) and others.