Wheelchairs market

Wheelchairs Market, by Product Type (Manual Wheelchair (Active Wheelchairs, Transport Wheelchairs, and Others) and Electronic Wheelchair (Center Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Standing Wheel Drive Electric Wheelchair, and Rear Wheel Drive Electric Wheelchair), by Weight (Light Weight Wheelchairs and Heavy Weight Wheelchairs), by Modality (Pediatric Powered Wheelchairs and Adults Powered Wheelchairs), by End User (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Jun 2022
CMI457
156 Pages
Excel & Pdf
Medical Devices

Summary

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.

Wheelchairs Market Report Coverage

Report Coverage	Details
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
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Product Type: Manual Wheelchair (Active Wheelchairs, Transport Wheelchairs, Others), Electronic Wheelchair (Center Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Standing Wheel Drive Electric Wheelchair, Rear Wheel Drive Electric Wheelchair) By Weight: Light Weight Wheelchairs, Heavy Weight Wheelchairs By Modality: Pediatric Powered Wheelchairs, Adults Powered Wheelchairs By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings, Others
Companies covered:	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.
Growth Drivers:	Increasing geriatric population and rising number of disabilities requiring wheelchair support Increasing technological advancements in wheelchairs and new launches of wheelchair products
Restraints & Challenges:	High cost of wheelchairs

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.

Key Players

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.

Table of Content

Table of Contents

*Browse 27 market data tables and 31 figures on "Wheelchairs Market” - Global forecast to 2030

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the global wheelchairs market during the forecast period (2022-2030)?

Global wheelchairs market size is estimated to be valued at US$ 9,660.2 million in 2022 and is expected to exhibit a CAGR of 15.3% between 2022 and 2030.

What are the major factors driving the market growth?

Factors such as increasing geriatric population and rising number of disabilities requiring wheelchair support and increasing technological advancements in wheelchairs and new launches of wheelchair products are expected to drive the market growth.

Which is the leading product type segment in the market?

Electronic Wheelchair is the leading product type segment in the.

What are the key factors hampering growth of the market?

The major factor hampering growth of the market is high cost of wheelchairs.

Which are the major players operating in the market?

Major players operating in the 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.