Global Electric Wheelchair Market to Grow at 7.56% During 2024-2032, Catalyzed by Rising Incidences of Neurological and Orthopedic Conditions

March 21, 2022 | Electronics and Semiconductors

IMARC Group's latest report, titled "Electric Wheelchair Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032," finds that the global electric wheelchair market is expected to exhibit a CAGR of 7.56% during 2024-2032. Electric wheelchairs, also known as motorized wheelchairs, are mobility devices propelled by electric motors or batteries instead of manual power. They are typically operated using joysticks or switches that enable individuals to control the movement and acceleration better. They generally have two components, namely the power base for mobility and the seating system for postural support. The base includes motors, batteries, wheels, brakes, and wiring harnesses beneath the seat, whereas the seating system comprises headrests, backrests, and cushions. They are widely used by individuals with medical conditions and difficulty in walking or operating manual wheelchairs. As a result, electric wheelchairs have gained immense popularity due to their enhanced maneuverability, convenience, and compact size.

Global Electric Wheelchair Market Trends:

Electric wheelchairs facilitate the safe and comfortable movement of individuals indoors and outdoors on rough and smooth surfaces, such as grass and gravel. Due to this, there has been escalating demand for electric wheelchairs with the rising incidences of neurological and orthopedic conditions. Besides this, the aging population that is more susceptible to developing such medical ailments and mobility problems is another major growth-inducing factor. Additionally, electric wheelchairs are rapidly gaining traction over their traditional counterparts as they help manage posture, relieve pressure, and minimize dependency on others. In line with this, the surging hospitalization rates due to the widespread prevalence of chronic diseases and the recent outbreak of coronavirus disease (COVID-19) have catalyzed the demand for electric wheelchairs. Furthermore, the leading manufacturers are focusing on launching innovative product variants like electric wheelchairs that can be controlled by voluntary movements, such as breath actuation, lower extremity control, and tongue or head movement. They are also introducing wheelchairs with enhanced design and ergonomics to offer additional support and comfort to patients, which has propelled the market growth. Other factors, including the development of sensor-based self-driving electric wheelchairs, rising road accidents, inflating consumer expenditure capacities, technological advancements, and surging investments in research and development (R&D) activities, are also providing a positive thrust to the market growth.

Market Summary:

Based on the product type, the market has been segregated into front wheel drive, center wheel drive, rear wheel drive, and standing electric wheelchair.
On the basis of the age group, the market has been bifurcated into pediatric and adult.
The market has been divided based on the end user into hospitals and clinics, home-users, sport conditioning, and others.
Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has also been examined, with some of the key players being Drive DeVilbiss Healthcare (Medical Depot Inc.), GF Health Products Inc., Invacare Corporation, Karman Healthcare Inc., LEVO AG (Dane Technologies Inc.), MEYRA GmbH, Ottobock SE & Co. KGaA, Permobil AB, Pride Mobility Products Corporation, and Sunrise Medical (US) LLC.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Product Type, Age Group, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Drive DeVilbiss Healthcare (Medical Depot Inc.), GF Health Products Inc., Invacare Corporation, Karman Healthcare Inc., LEVO AG (Dane Technologies Inc.), MEYRA GmbH, Ottobock SE & Co. KGaA, Permobil AB, Pride Mobility Products Corp. and Sunrise Medical (US) LLC
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
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Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Electric Wheelchair Market to Grow at 7.56% During 2024-2032, Catalyzed by Rising Incidences of Neurological and Orthopedic Conditions

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