Electric Wheelchair Market

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.

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.

‹›

Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

• Real-Time Data Updates:
• Competitor Benchmarking
• Market Trends Heatmap
• Custom Research Queries
• Market Sentiment Analysis
• Demographic and Geographic Insights

Book Demo

Get Access Now

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.

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.