Wheelchairs Market to Surpass US$ 30,156.8 Million by 2030 - Coherent Market Insights

Global 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) 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), as highlighted in a new report published by Coherent Market Insights.

Increased efforts to provide wheelchairs to disabled people is expected to drive market growth over the forecast period. For instance, in March 2022, Bird, a scooter company, announced that it would give disabled residents of New York a free attachment that equips their wheelchair with an electric motor and handlebars with a throttle.

Global Wheelchairs Market– Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdown in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.

The COVID-19 pandemic had a negative impact on the global wheelchairs market, owing to decreased access of healthcare services due to lockdown.  Due to the outbreak of COVID-19 and the collapse of the airline industry, medical device shipments and other critical deliveries have been heavily impacted due to the decline in available flights.

Global Wheelchairs Market: Key Developments

In January 2022, Scewo, a Switzerland-based med-tech company, launched a pioneering technology wheelchair, Scewo BRO. The wheelchair enabled with this technology is the first of its kind that can climb stairs while using only two wheels. It has digital steering functions and will be further developed towards autonomous driving in the future.

In October 2021, Etac AB, a developer and provider of ergonomic assistive devices and patient handling equipment, completed the acquisition of Ki Mobility, a leading player in complex manual rehab wheelchairs and seating in North America. The acquisition will make it possible for Etac AB to provide a significantly broader product offering to individuals, families and therapists in need of complex manual rehab wheelchairs, seating and pediatric assistive devices.

Browse 27 Market Data Tables and 31 Figures spread through 156 Pages and in-depth TOC on “Global Wheelchairs Market”-  Forecast to 2030, Global 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)

To know the latest trends and insights prevalent in the Wheelchairs market, click the link below:

https://www.coherentmarketinsights.com/market-insight/wheelchairs-market-457

Moreover, increasing approvals for marketing of wheelchairs from regulatory bodies to key players in market is expected to drive market growth over the forecast period. For instance, in February 2020, UPnRIDE Robotics Ltd., a developer of innovative life-changing mobility technologies intended for the disabled, announced that the U.S. Food and Drug Administration (FDA) had cleared the UPnRIDE Robotic Standing Wheelchair, UPnRIDETM, for marketing and use in the U.S. It is the first and only smart and robotic mobility device that provides full functionality, both in standing and sitting positions.

Key Takeaways of the Global Wheelchairs Market:

• Global wheelchairs market is expected to exhibit a CAGR of 15.3% during the forecast period due to increasing adoption of strategies such as collaborations and partnerships by key players in the market. For instance, in May 2022, Vapor Wheels, a company that creates a new breed of wheelchair wheels had entered into a partnership with 360 fabrications in the K. The partnership would provide wheels to the 360 fabrications who specialize in building active day, basketball, tennis, and fencing wheelchairs sold by Vapor Wheels.
• Among weight, the Light Weight Wheelchairs segment is estimated to hold a dominant position in the global wheelchairs market over the forecast period, owing to increased product launches. For instance, in August 2021, Falcon Mobility Singapore, a distributor of electric wheelchairs and mobility scooters in Singapore, launched its lightweight Ultra-Lite 2 electric wheelchair.
• On the basis of regions, North America is estimated to account for the largest market share in the global wheelchairs market over the forecast period, owing to increasing adoption of inorganic strategies by key players in market such as collaborations and partnerships. For instance, in February 2021, National Seating & Mobility (NSM), a provider of comprehensive mobility solutions, entered into a partnership with LUCI, a company with a mission to provide stability, security and connectivity for power wheelchair riders, to distribute the first-of-its-kind smart technology platform giving power wheelchair users unparalleled stability, security and connectivity. NSM will work closely with LUCI to expand access to the new technology. The technology works with a chair user’s steering inputs and reaction times to create a customized, safer driving experience, providing collision avoidance, drop-off protection and anti-tipping alerts.
• 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