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Electric Wheelchair Market

Electric Wheelchair Market

Electric Wheelchair Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

141

Base Year:

2022

Date

Jun - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1689

Segments Covered
  • By Drive Type By Drive Type Center Wheel Drive Chair, Front Wheel Drive Chair, Rear Wheel Drive Chair
  • By End User By End User Home Care Settings, Hospitals & Clinics
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 2.16 Billion
Revenue 2030Revenue 2030: USD 3.96 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 7.80%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Electric Wheelchair Market Share

Market Synopsis:

The Global Electric Wheelchair Market is valued at USD 2.16 Billion in the year 2022 and is forecasted to reach a value of USD 3.96 Billion by the year 2030. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.80% over the forecast period.

An Electric Wheelchair, often known as a powered wheelchair, is a form of transportation for those unable to walk. Electrical power sources, such as sealed lead-acid (SLA) batteries, move it forward. Under the seat is a power base that stores the wheels, motors, brakes, batteries, and wire harnesses. Gel-filled headrests, backrests, cushions, molded foam, and air-filled bladders are included. Electric Wheelchairs are often controlled by joysticks or switches that allow users to control movement and acceleration. One of the primary factors driving market expansion is the rising frequency of neurological illnesses, which coincides with the growing geriatric population, which is more vulnerable to orthopedic ailments. Furthermore, Electric Wheelchairs make it easier for people to go around uneven terrain, soft terrain, grass, and gravel.

Electric Wheelchair Market Size, 2022 To 2030 (USD Billion)

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Compared to their traditional equivalents, they also help with pressure relief, posture management, and dependency reduction. In addition, the introduction of Electric Wheelchairs that can be controlled by voluntary motions such as head and tongue movement, breath actuation, and lower extremity control is boosting the market growth. However, the rise in disabilities due to an aging population and the prevalence of chronic diseases is expected to continue to be a significant driving factor for the market studied, encouraging hospitals and healthcare facilities to use Electric Wheelchairs to improve the welfare of patients and healthcare workers. In addition, Electric Wheelchairs are employed in-home care settings to safely and comfortably transfer patients from one location to another. As a result of the extraordinary increase in the geriatric population, demand for Electric Wheelchairs is predicted to rise in hospitals and aged care facilities.

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Market Segmentation:

The Electric Wheelchair Market is segmented based on Drive Type, End-User, and Region. Based on Type, the market is sub-segmented as Center Wheel Drive Chair, Front Wheel Drive Chair, and Rear Wheel Drive Chair. Based on End Users, the market is further sub-segmented as Home Care Settings and Hospitals & Clinics.

Below tree is interactive. You can click the nodes to get more information.

Based on Drive Type:

Based on Drive Type, the sub-segment Center Wheel Drive Chair, along with its small turning radius, light front tires, ease of manoeuvring through tight spaces, and better stability, the center wheel drive segment leads in terms of Electric Wheelchair Market share; however, the Front Wheel Drive sub-segment is expected to gain significant traction in the coming years.

Based on End User:

Based on End Users, the Home Care Settings sub-segment is expected to dominate the market in the forecast period. As a result, the Home Care Setting sub-segment will likely lead the market over the projected period. On the other hand, the Rear-Wheel Driven wheelchair sub-segment is predicted to account for the largest market share due to its ease of use and manoeuvrability indoors and outdoors with the help of a joystick.

Asia Pacific - Projected to Grow at the Fastest CAGR During the Forecast Period

Asia Pacific is accounted to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. In addition to the advancements in healthcare facilities and increasing government attempts to provide superior mobility equipment, the area is supported by a vast population base in nations such as India and China. Furthermore, countries with a large senior population, like Japan, benefit from market expansion. According to an article in The Japan Times, the country's population over certain age accounted for a certain number of percentages of the people, the highest proportion in the world. However, the way of living in the area may make wheelchairs unnecessary. In addition, the rising adoption of vehicles in nations such as China, India, South Korea, and others has resulted in increased traffic and, as a result, an increase in the number of road accidents in the Asia Pacific, excluding Japan.

Competitive Landscape:

The key players in the Electric Wheelchair Market include- 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).

Segmentation of Electric Wheelchair Market:

Parameter Details
Segments Covered
  • Drive Type (Center Wheel Drive Chair, Front Wheel Drive Chair, Rear Wheel Drive Chair)
  • End User (Home Care Settings, Hospitals & Clinics)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • 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)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global Electric Wheelchair valued at USD 2.16 Billion in 2022 and is expected to reach USD 3.96 Billion in 2030 growing at a CAGR of 7.80%.

  • The prominent players in the market are 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).

  • The market is project to grow at a CAGR of 7.80% between 2023 and 2030.

  • The driving factors of the Electric Wheelchair include

    • Upsurge in geriatric population

  • North America was the leading regional segment of the Electric Wheelchair in 2022.

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