Electric Wheelchair Market

Q: What is the size of the Electric Wheelchair market?

The global Electric Wheelchair market was estimated to be worth USD 6.2 billion in 2022 and is expected to reach USD 7.39 billion in 2023.

Q: How is the Electric Wheelchair market expected to grow?

The global Electric Wheelchair market is projected to achieve a compound annual growth rate (CAGR) of 9.2% from 2023 to 2030, reaching USD 13.69 billion by 2030.

Q: Who are the key players in the Electric Wheelchair market?

Some of the key players operating in the Electric Wheelchair market include Matsunaga Manufactory Co., Ltd, Meyra Group, Invacare Corporation, Karma Medical Products Co., Ltd, Miki Kogyosho Co., Ltd, Nissin Medical Industries Co., Ltd, Pride Mobility Products Corp, Sunrise Medical (U.S.) LLc, Ottobock Se & Co Kgaa, Permobil AB.

Electric Wheelchair Market Size, Share, & Growth Report- By Product: Center Wheel Drive, Front Wheel Drive, Standing Electric Wheelchairs, Rear Wheel Drive; By End Users: Hospitals & Clinic, Home Care, Sports Conditioning; By Age Group and Region – Global and Regional Industry Overview, Market Intelligence, Premium Insights, Complete Analysis, Historical Data, and Forecasts 2023 – 2030

The global electric wheelchairs market had a value of USD 7.39 billion in 2023, and it is projected to reach USD 13.69 billion by 2030, showing a compound annual growth rate (CAGR) of about 9.20% during the forecast period spanning from 2023 to 2030.

Electric Wheelchair Market

Introduction

When walking is difficult or impossible because of a disease, accident, or disability, a wheelchair is utilized. Wheelchairs come in two varieties: manual wheelchairs and powered wheelchairs. People who are crippled or unable to walk due to an injury or certain illnesses use wheelchairs to go around. Both interior and outdoor uses are possible for them. Wheelchairs that are specially made for daily usage or particular field activity are also an option. The user’s issues or suffering, such as back pain, sores, digestion, and breathing, are reduced by wheelchairs. Individuals with upper body strength typically use manual wheelchairs, while patients who tire easily utilize electric wheelchairs.

Market Dynamics

A growing number of electric wheelchair product launches, an increase in chronic disease instances, an increase in research and development activities by market participants, and an increase in strategic partnerships among market participants are some of the factors projected to fuel market expansion. It is anticipated that a key driving force in the market under study will continue to be the rise in disabilities brought on by an aging population and the prevalence of chronic diseases, which has led hospitals and healthcare facilities to use electric wheelchairs to improve the welfare of patients and healthcare workers. Additionally, electric wheelchairs are utilized in home healthcare settings to transfer patients from one location to another in a secure and comfortable manner. As a result of the extraordinary increase in the number of elderly people, it is anticipated that the need for electric wheelchairs in hospitals and nursing homes will rise. Over the course of the forecast period, it is anticipated that the large increase in the senior population will drive the growth of the worldwide electric wheelchair market.

However, because they are such high-tech tools for assisting the elderly and crippled with mobility, electric wheelchairs are frequently anticipated to have flaws, inconsistent technical issues, and other issues. The U.S. Food and Drug Administration (FDA) frequently recalls electric wheelchairs as a result of these technical issues, which is anticipated to restrain the growth of the electric wheelchair market over the forecast period.

Additionally, the market for electric wheelchairs is being driven by an increase in accident rates. This is explained by the fact that accidents can result in either short-term or long-term disability. Carrying patients to the bathroom requires a lot of effort from the carer. WHO estimates that 50 million people worldwide sustain injuries as a result of traffic accidents. Patients can be moved from one location to another safely and comfortably with the use of electrical wheelchairs. Therefore, a rise in accidents is anticipated to push the market for electric wheelchairs in the near future.

Segmentation Insights

Product Insights

Regarding product types, the center wheel drive type has emerged as the dominant segment. This is primarily due to its versatile functionality and multidimensional approach. It facilitates uniform torque distribution to all wheels, promoting enhanced balance and stability in wheelchairs. Additionally, it exhibits greater durability compared to other system types and offers a tighter turning radius. Its lightweight front tire enables easy navigation through narrow pathways, making it a user-friendly option.

End Users Insights

In terms of end-users, the hospital segment has taken the lead in the market. This can be attributed to the substantial demand and supply dynamics within the healthcare sector. Typically, patients turn to hospitals following accidents or the onset of disabilities, and it is in these medical facilities that wheelchair usage is first recommended. Consequently, hospitals represent a significant market for electric wheelchairs. These products are also extensively employed for patient transfers and mobility, ensuring maximum comfort and safety. Stringent standards set for healthcare facilities have further driven sales and demand for electric wheelchairs in the market.

Regional Overview

The Middle East and Africa, Asia Pacific, Europe, South America, North America, and Latin America make up the regional segments of the electric wheelchair market. During the predicted period, North America is anticipated to fare well. High investment capacity, improved technology support, and weak government rules are to blame for this. Better growth could be seen in the Asia-Pacific region during the projection period. Similar factors exist in Europe and North America. As a result, it is anticipated to increase at a good rate during the projection period.

Key market players

Matsunaga Manufactory Co., Ltd
Meyra Group
Invacare Corporation
Karma Medical Products Co., Ltd
Miki Kogyosho Co., Ltd
Nissin Medical Industries Co., Ltd
Pride Mobility Products Corp
Sunrise Medical (U.S.) LLC
Ottobock Se & Co Kgaa
Permobil AB

Segments covered in the report

By Product

Center Wheel Drive
Front Wheel Drive
Standing Electric Wheelchairs
Rear Wheel Drive

By End Users

Hospitals & Clinic
Home Care
Sports Conditioning

By Age Group

60 years
21 to <60 years
< 20 years

By Geography

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa (MEA)

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Electric Wheelchair Market

5.1. COVID-19 Landscape: Electric Wheelchair Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Electric Wheelchair Market, By Product

8.1. Electric Wheelchair Market, by Product, 2022-2030

8.1.1 Center Wheel Drive

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Front Wheel Drive

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Standing Electric Wheelchairs

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Rear Wheel Drive

8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Electric Wheelchair Market, By End Users

9.1. Electric Wheelchair Market, by End Users, 2022-2030

9.1.1. Hospitals & Clinic

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Home Care

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Sports Conditioning

9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Electric Wheelchair Market, By Age Group

10.1. Electric Wheelchair Market, by Age Group, 2022-2030

10.1.1. 60 years

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. 21 to <60 years

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. < 20 years

10.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Electric Wheelchair Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2017-2030)

11.1.2. Market Revenue and Forecast, by End Users (2017-2030)

11.1.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.1.4.2. Market Revenue and Forecast, by End Users (2017-2030)

11.1.4.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.1.5.2. Market Revenue and Forecast, by End Users (2017-2030)

11.1.5.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.2. Market Revenue and Forecast, by End Users (2017-2030)

11.2.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.4.2. Market Revenue and Forecast, by End Users (2017-2030)

11.2.4.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.5.2. Market Revenue and Forecast, by End Users (2017-2030)

11.2.5.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.6.2. Market Revenue and Forecast, by End Users (2017-2030)

11.2.6.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.7.2. Market Revenue and Forecast, by End Users (2017-2030)

11.2.7.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.2. Market Revenue and Forecast, by End Users (2017-2030)

11.3.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.4.2. Market Revenue and Forecast, by End Users (2017-2030)

11.3.4.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.5.2. Market Revenue and Forecast, by End Users (2017-2030)

11.3.5.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.6.2. Market Revenue and Forecast, by End Users (2017-2030)

11.3.6.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.7.2. Market Revenue and Forecast, by End Users (2017-2030)

11.3.7.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.2. Market Revenue and Forecast, by End Users (2017-2030)

11.4.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.4.2. Market Revenue and Forecast, by End Users (2017-2030)

11.4.4.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.5.2. Market Revenue and Forecast, by End Users (2017-2030)

11.4.5.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.6.2. Market Revenue and Forecast, by End Users (2017-2030)

11.4.6.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.7.2. Market Revenue and Forecast, by End Users (2017-2030)

11.4.7.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.5.2. Market Revenue and Forecast, by End Users (2017-2030)

11.5.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.5.4.2. Market Revenue and Forecast, by End Users (2017-2030)

11.5.4.3. Market Revenue and Forecast, by Age Group (2017-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.5.5.2. Market Revenue and Forecast, by End Users (2017-2030)

11.5.5.3. Market Revenue and Forecast, by Age Group (2017-2030)

Chapter 12. Company Profiles

12.1. Matsunaga Manufactory Co., Ltd

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Meyra Group

12.3. Invacare Corporation

12.4. Karma Medical Products Co., Ltd

12.5. Miki Kogyosho Co., Ltd

12.6. Nissin Medical Industries Co., Ltd

12.7. Pride Mobility Products Corp

12.8. Sunrise Medical (U.S.) LLC

12.9. Ottobock Se & Co Kgaa

12.10. Permobil AB

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

Frequently Asked Questions

The global Electric Wheelchair market was estimated to be worth USD 6.2 billion in 2022 and is expected to reach USD 7.39 billion in 2023.

The global Electric Wheelchair market is projected to achieve a compound annual growth rate (CAGR) of 9.2% from 2023 to 2030, reaching USD 13.69 billion by 2030.

Some of the key players operating in the Electric Wheelchair market include Matsunaga Manufactory Co., Ltd, Meyra Group, Invacare Corporation, Karma Medical Products Co., Ltd, Miki Kogyosho Co., Ltd, Nissin Medical Industries Co., Ltd, Pride Mobility Products Corp, Sunrise Medical (U.S.) LLc, Ottobock Se & Co Kgaa, Permobil AB.

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