The global electric wheelchair market is estimated to be valued at US$ 7.83 billion in 2023 and is expected to exhibit a CAGR of 11% during the forecast period (2023-2030).
Analysts’ Views on Global Electric Wheelchair Market:
Increasing organic strategies, such as the launch of electric wheelchairs, are expected to drive the market over the forecast period. For instance, on March 17, 2023, Golden Technologies, a manufacturer of lift chairs, mobility power scooters, and power wheelchairs, launched the GP301 Stride aluminum folding power wheelchair and the GP302 Cricket carbon fiber folding power wheelchair, two new lightweight foldable power wheelchairs.
Figure 1. Global Electric Wheelchair Market Share (%), By Modality, 2023
To learn more about this report, request a free sample copy
Global Electric Wheelchair Market– Drivers
Increasing organic strategies such as product launches: Increasing organic strategies, such as product launches, are expected to propel the growth of the global electric wheelchair market over the forecast period. For instance, on July 27, 2023, Vital Mobility Medical Supplies, one of the leading mobility equipment suppliers, announced the launch of the Robooter X40 Automatic Folding Wheelchair and the Robooter E40 Light-Weight Folding Wheelchair. The Robooter X40 Automatic Folding Wheelchair combines all-terrain performance with automated folding technology.
The increasing geriatric population: The increasing geriatric population is the major factor that is expected to drive market growth of the global electric wheelchair over the forecast period. For instance, in October 2022, the World Health Organization (WHO) published data according to which eighty percent of senior citizens will reside in low- and middle-income nations by 2050. The population is aging considerably more quickly than in the past. In 2020, there was more people over the age of 60 than under five year old. Moreover, the percentage of people over 60 around the globe will increase from 12% to 22% between 2015 and 2050, which is expected to fuel the electric wheelchair market growth over the forecast period.
Figure 2. Global Electric Wheelchair Market Share (%), By Region, 2023
To learn more about this report, request a free sample copy
Global Electric Wheelchair Market- Regional Analysis
Among regions, North America is estimated to hold a dominant position in the global electric wheelchair market over the forecast period. North America is estimated to hold 33.5% of the market share in 2023. The global electric wheelchair market is expected to witness significant growth in the near future, driven by the expansion of medicare coverage for power seat elevation equipment, which is contributing to the growth of the electric wheelchair market in the North America region. For instance, on February 17, 2023, the Centers for Medicare & Medicaid Services (CMS) announced a proposed National Coverage Determination (NCD) decision that would allow people with Medicare to get coverage for the power seat elevation equipment on power electric wheelchairs. thereby driving demand for the electric wheelchair market in the U.S.
Electric Wheelchair Market Report Coverage
|Market Size in 2023:
|US$ 7.83 Bn
|Historical Data for:
|2018 to 2021
|2023 to 2030
|Forecast Period 2023 to 2030 CAGR:
|2030 Value Projection:
|US$ 16.27 Bn
Invacare Corporation, Sunrise Medical (US) LLC, Permobil Inc., Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Hoveround Corporation, Ottobock Healthcare, 21st Century Scientific, Inc., Meyra GmbH, LEVO AG, Merits Co. Ltd., Segway Inc., Scewo, GF Health Products Inc., Karman Healthcare, Inc., KYMCO Healthcare, SOWECARE B.V, and Nanjing Jin Bai He Medical Apparatus Co., Ltd.
|Restraints & Challenges:
Global Electric Wheelchair Market– Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization (WHO) declared it a public health emergency on January 30, 2020.
COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, the U.A.E., Egypt, and others, were facing problems with the transportation of things from one place to another.
However, the COVID-19 pandemic had a negative impact on the global electric wheelchair market, owing to the risks experienced by the people with disabilities due to COVID-19. For instance, in November 2020, ScienceDirect published a data according to which many obstacles prevent people with disabilities from utilizing transportation to get basic necessities like fresh food and services like medical care that are crucial for preserving health. Both the pandemic and the reaction to it pose a danger to widen already existing health inequities and heighten the mobility hurdles that already disproportionately harm persons with disabilities. People with disabilities typically have worse health and are more likely to suffer from negative health outcomes. Additionally, the pandemic response has disabled persons worried that they have few alternatives for moving around and acquiring what they need, especially those without access to a household vehicle. Due to safety and health concerns, many individuals avoided using transportation, even for essential chores like visiting to the doctor that they believed were still being handled by still-operating services.
Global Electric Wheelchair Market Segmentation:
The global electric wheelchair market is segmented into modality, age group, end user, and region.
Global Electric Wheelchair Market- Cross Sectional Analysis: Increasing organic strategies, such as product launches, by the key players is expected to boost the electric wheelchair market in the North America region. For instance, in May 2021, Cheelcare, a Canadian innovator of assistive mobility products announced the launch of Companion Plus, a front-mount Power-Assist device for adult and pediatric users of folding and rigid manual wheelchairs. Companion, a well-known power assist system from Cheelcare, provides electric-powered support to users of manual wheelchairs. It lessens stress and damage while enabling users to travel further in situations when their endurance is put to the test.
Global Electric Wheelchair Market: Key Developments
Global Electric Wheelchair Market: Key Trends
Introduction of electric wheelchairs with advanced technology: The introduction of electric wheelchairs with advanced technology in the market is expected to drive growth of the global electric wheelchair market over the forecast period. For instance, on June 13, 2023, Jin Medical International Ltd., a Cayman Islands holding company with Chinese operating entities that manufacture and develop wheelchairs and living aid products, announced the launch of an ultralight electric wheelchair model and a new electric mobility vehicle model. The ultra-portable wheelchair type has two brushless motors and an electromagnetic safety brake system to provide dependable operation on slopes with the highest level of safety. The quick-release battery box design provides simplicity and security, and its large capacity battery enables an increased single-charge range of over 25km.The new model includes a small, user-friendly interface with a 360-degree remote control and a USB connector for charging portable gadgets. Although the ultra-portable wheelchair weighs only 21.5kg, it is constructed of high-strength aluminum alloy elements.
Global Electric Wheelchair Market: Restraint
Limited accessibility and infrastructure for the wheelchair: Limited accessibility and infrastructure for the wheelchair are expected to hinder market growth over the forecast period. For instance, according to data published by Semantic Scholar in 2020, electric wheelchairs rely on well-maintained sidewalks, ramps, and accessible public spaces to be effective mobility aids. However, in many areas, especially in developing countries such as India, Brazil, etc., The infrastructure is insufficient to support users of electric wheelchairs. For instance, several sidewalks were devoid of ramps or in poor condition, making it difficult for users to maneuver. The limitation affected the market because potential users might have hesitated to invest in electric wheelchairs when the environment was not conducive to their use. It also posed challenges for manufacturers trying to expand their markets in regions with subpar infrastructure, as they had to contend with these accessibility issues.
Counterbalance: The governments of various developing countries are focusing on developing proper infrastructure to accommodate the electric wheelchair, which is expected to drive market growth over the forecast period.
Global Electric Wheelchair Market - Key Players
Major players operating in the global electric wheelchair market involves Invacare Corporation, Sunrise Medical (US) LLC, Permobil Inc., Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Hoveround Corporation, Ottobock Healthcare, 21st Century Scientific, Inc., Meyra GmbH, LEVO AG, Merits Co. Ltd., Segway Inc., Scewo, GF Health Products Inc., Karman Healthcare, Inc., KYMCO Healthcare, SOWECARE B.V, and Nanjing Jin Bai He Medical Apparatus Co., Ltd.
Global Electric Wheelchair Market– Definition: An electric wheelchair, also known as a power wheelchair or motorized wheelchair, is a mobility assistive device designed to provide enhanced mobility and independence for individuals with limited or no ability to use manual wheelchairs or walk independently.
Frequently Asked Questions