By the end of 2032, the electric wheelchairs market is expected to reach $8 billion. By 2022, the market for electric wheelchairs is expected to reach $4 billion, with a 10% annual growth rate from 2022 to 2032. An ageing global population and an increase in people with muscle-related illnesses are driving this rise in demand.
Electric wheelchairs, also known as power chairs and electric wheelchairs, are considered mobility aids. They are used by people who have walking difficulties or other conditions that affect mobility. These wheelchairs are powered by rechargeable batteries, thus they don’t require any human assistance to move.
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Power chairs and electric power wheelchairs are other names for electric wheelchairs. Due to their battery-powered mobility, they don’t need any human aid. The fact that electric wheelchairs are convenient and easy to use is their most obvious benefit.
These electric wheelchairs are helpful for people who are unable to use manual wheelchairs or who may desire to utilize wheelchairs for longer trips where it would be very challenging to use a manual wheelchair. They may be utilized by individuals with cardiovascular disorders or who have encountered any unintentional conditions in addition to those with standard mobility disabilities.
Electric Wheelchair Market: Drivers and Restraints
Factors that are driving the growth of the global electric wheelchair market are the growing worldwide elderly population, the necessity of automated wheelchairs for disabled people, and the high disposable income of people from developed countries such as the UK, France, Germany, the US, Canada, and Japan. Furthermore, increasing demand for advanced wheelchairs from the sports industry is also influencing the growth of the electric wheelchair market, as many sports events are organized specially for disabled persons.
Apart from several advantages, the global electric wheelchair market is also facing some challenges such as the high cost of electric wheelchairs and lack of awareness and infrastructure. However, these issues are expected to reduce during the forecast period.
Electric Wheelchair Market: Region-wise Outlook
The global electric wheelchair market is estimated to witness robust growth through 2025 due to growing technological advancement in the electric wheelchair industry, new products are equipped with gadgets for accessibility and control. The North American region led the market in 2014 in terms of the highest demand. In the US, the government provides medical insurance to people over the age of 65, which also helps them to get medical facilities at subsidized rates.
High purchasing power, increasing elderly population, and consumer awareness, and inclination towards more sophisticated technology have driven the progress of the electric wheelchair market in this region. In the coming years, developing countries such as India, China, and Brazil are expected to boost the demand for electric wheelchairs. It is mainly because of the gradual increase in consumer awareness and the development of medical facilities in this region.
Electric Wheelchair Market: Key Players
The key international players operating in the electric wheelchair market include OttoBock Healthcare GmbH, Invacare Corp., Pride Mobility Products Corp., Permobil AB, Sunrise Medical Limited, Hoveround Corporation, LEVO AG, Invacare Corp., MEYRA GmbH, Medical Depot, Inc., GF HEALTH PRODUCTS, INC and Others.
All these key players are focusing on delivering the best value products to their customers. Customized offerings and product innovation is a common strategies adopted by most of the key players. These electric wheelchair manufacturers offer a large variety and different sizes of wheelchairs to meet the demand of individuals depending upon their weight and height.
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Key Segments Profiled in the Electric Wheelchairs Market Survey
By Product Type:
- Center Wheel Drive
- Front Wheel Drive
- Rear Wheel Drive
- Standing Electric Wheelchairs
End Users:
- Hospitals & Clinic
- Home Care
- Sports Conditioning
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEX
- Japan
- Middle East and Africa
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