Wheelchair is used for mobility purposes by disabled persons or persons who are unable to walk post injury or certain illnesses such as cerebral palsy. Wheelchairs are available in two types, which are manual wheelchair and power or electric wheelchair. They can be used for outdoor as well as indoor purposes. New developments and innovations, such as sports wheelchair, stair climbing wheelchair, and smart wheelchair are expected to drive growth of wheelchairs market in the near future
Global wheelchairs market is estimated to be valued at US$ 9,660.2 million in 2022 and is expected to exhibit a CAGR of 15.3% during the forecast period (2022-2030).
Figure 1.Global Wheelchairs Market Share (%), by Product Type, 2022
Increasing geriatric population and rising number of disabilities requiring wheelchair support are expected to drive growth of the wheelchairs market
Increasing rate of disabilities amongst individuals is expected to drive market growth over the forecast period. For instance, according to data provided by World Health Organization in November 2021, over 1 billion people live with some form of disability worldwide each year.
|Base Year:||2021||Market Size in 2022:||US$ 9,660.2 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||15.3%||2030 Value Projection:||US$ 30,156.8 Mn|
Invacare Corporation, Sunrise Medical, Ottobock, 21st Century Scientific, Inc., Permobil, Pride Mobility Products Corp., LEVO AG, GF HEALTH PRODUCTS, INC., MEYRA GmbH, Hoveround Corporation, Ride Designs, Medical Depot, Inc., and Drive DeVilbiss International.
|Restraints & Challenges:||
Figure 2.Global Wheelchairs Market Share (%), by Modality, 2022
Increasing technological advancements in wheelchairs and new launches of wheelchair products are expected to drive market growth during the forecast period.
Increasing technological advancements in the development of wheelchairs such as use of artificial intelligence by key players in market are expected to drive market growth over the forecast period. For instance, in October 2021, CoMoveIT NV, the first spin-off company of KU Leuven Campus Bruges (Belgium), launched a smart wheelchair steering system, CoMoveIT Smart, that uses sensors and artificial intelligence. The CoMoveIT Smart system is a head/foot steering system with sensors that uses artificial intelligence to recognize and compensate for the user’s involuntary movements
Global Wheelchairs 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 had declared it a public health emergency on January 30, 2020.
COVID-19 can affect the economy in three main ways: by directly affecting production and demand of products, 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, UAE, Egypt, and others, were facing problems with regard to transportation of products
The COVID-19 pandemic had a negative impact on people with physical disabilities. Due to lockdowns it was difficult to access healthcare services and visit hospitals. Also, it was difficult for the immune system to protect against illnesses in patients with cerebral palsy or other disabilities. For instance, according to an article published by the VaccinesWork, a digital platform hosted by Gavi, the Vaccine Alliance, in April 2022, between January and November 2020, disabled people were up to three times more likely to die of COVID than non-disabled people in the UK.
Global Wheelchairs Market: Key Developments
In January 2022, Invacare Corporation, a manufacturer and distributor of non-acute medical equipment including wheelchairs, mobility scooters, walkers, and pressure care and positioning products, launched ‘One Solution’ initiative which combines its most popular wheelchairs with some of the best seating systems for a complete solution - all available as one order and in one delivery
In February 2020, Numotion, a provider of complex rehab technology (CRT) services, had acquired Monroe Wheelchair, a company providing medical and complex rehab technology equipment services, which would help Numotion to extend its reach
Global Wheelchairs Market: Restraint
The major factor that hinders growth of the global wheelchairs market is high cost of wheelchairs. For instance, according to data provided by the Mobility Deck, a free resource for all the mobility needs, in December 2020, the cost of an electric wheelchair can range anywhere from around US$ 1,000 to US$ 15,000. This depends on the brand, quality, size, features, and requirements. However, the average electric wheelchair for the regular user can be expected to be priced at around US$ 2000 to US$ 3000.
Major players operating in the global wheelchairs market include Invacare Corporation, Sunrise Medical, Ottobock, 21st Century Scientific, Inc., Permobil, Pride Mobility Products Corp., LEVO AG, GF HEALTH PRODUCTS, INC., MEYRA GmbH, Hoveround Corporation, Ride Designs, Medical Depot, Inc., and Drive DeVilbiss International.
Wheelchairs are primarily designed for disabled individuals for the ease of indoor and outdoor locomotion purposes. Various types of wheelchairs are available in market, such as recliner wheelchairs, active wheelchairs (sports wheelchairs), transport wheelchairs, and standing wheelchairs. Two major types of wheelchairs are manual wheelchairs and electric wheelchairs. Manual wheelchair is cost effective than electric wheelchairs as it requires less maintenance.
Increasing product launches by key players in market is expected to drive market growth over the forecast period. For instance, in November 2019, the Indian Institute of Technology, Madras, India, launched India’s first standing wheelchair called ‘Arise’. Using Arise, a person with a disability can shift from a standing position to a sitting position and vice versa, independently or with assistance.
Increasing adoption of inorganic strategies such as partnerships is expected to drive market growth over the forecast period. For instance, in October 2021, Permobil, a leader in providing trusted healthcare solutions for power and manual wheelchairs, and Karma Medical Products Co., LTD., a global wheelchair manufacturer, entered into a strategic partnership focused on utilizing the company’s respective strengths and distributing complementary products from each other’s portfolios. The initial focus will be on the Asia-Pacific markets where the two organizations have presence. This agreement will enable more people living with disabilities to access and benefit from Permobil and Karma Medical Products Co., LTD.’s innovative mobility, seating and positioning solutions and power assist devices.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.