Electric Wheelchair Market Report By Product (Center Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchair, and Others), Age group (Below 20 years, 21 to 60 years and Above 60 Years), End Users (Hospitals, Clinics and Care Homes), Countries and Company Analysis 2024-2032

Driving forces for electric wheelchair technologies

Rising elderly population — Older People are more prone to experience problems with their movement due to diseases like arthritis, stroke, and age-related muscle weakness. Electric wheelchairs are a valuable alternative for people who struggle to stand or walk for long periods. For instance, according to the projections of the Department of Economic and Social Affairs, 703 million people globally were 65 or older in 2019. By 2050, this number will increase to 1.5 billion, representing a 16% growth rate.

The growing burden of disabilities - Disability is the outcome of the interplay between personal or environmental variables and medical disorders like dementia, spinal cord injury, and blindness. According to a World Health Organization (WHO) report published in December 2022, 1.3 billion individuals worldwide—roughly 16 percent of the entire population—are estimated to suffer significant disabilities. The prevalence of disability is rising as a result of an increase in non-communicable diseases and longer life expectancies. Several things, such as hereditary illnesses, trauma, injuries, and accidents, can bring on disability. Wheelchair demand has surged due to the increasing prevalence of these illnesses. The market is growing because hospitals and other healthcare facilities embrace cutting-edge equipment like electric wheelchairs and invest in infrastructure development.

Government Support and Policies - Government rules and initiatives to increase accessibility for people with disabilities are essential for the market's expansion. Demand is increased by these laws, which frequently call for wheelchair-accessible public areas and transportation. The availability of insurance coverage and healthcare reimbursement for powered wheelchairs, which can reduce their cost for individuals with impairments, is another factor driving market expansion.  

Technological advancements tailored for seniors: Innovations in the electric wheelchair market include lightweight materials, ergonomic designs, longer battery lives, and controls that are easy to use and precisely tailored to the needs of senior citizens. These developments increase the appeal and usefulness of electric wheelchairs for seniors.

Asia Pacific Electric Wheelchair Market

In the Asia-Pacific region, China and India are the two most populous nations. China's economy is aging, with over 241 million people over sixty. Furthermore, China is the global producer of around 75% of electric wheelchairs because of its primary industry participants and centers for aluminum production.

Furthermore, India is the world's second most populated country, with approximately 1.40 billion people. About 2% of the total population in India has a disability, and around 30% have a mobility impairment and require assistance. India ranks first globally in road accidents. According to NCRB (the National Crime Records Bureau), there were 422659 accidents in India in 2021, resulting in 155000 fatalities and 371000 injuries. The Indian market for electric wheelchairs will expand due to the rising number of injuries brought on by an increase in traffic accidents.

Furthermore, the region is seeing technological progress, particularly in assistive devices. Electric wheelchairs are being improved with improved battery life, lightweight materials, advanced control systems, and connectivity features. These enhancements improve usability and make the wheelchairs more inviting to a broader range of users.

Electric Wheelchair Company Analysis

The top electric wheelchair companies are Invacare Corporation, DassaultSystemes SA,  Sunrise Medical, Karman Healthcare, Inc., Pride Mobility Products Corp., Permobil AB, Sermax Mobility Ltd. and Carex Health Brands, Inc.

Electric Wheelchair Company News

In November 2023, Sunrise Medical introduced the Magic 360 wheelchair from Magic Mobility in North America. Compact in size, the Magic Mobility Magic 360 powerchair is sturdy enough for off-road use, maneuverable enough for inside use, and adaptable enough for general-purpose use.

In October 2023, Sunrise Medical announced the strategic acquisition of Ride Designs (US), a renowned pioneer in the wheelchair sector that provides upscale bespoke seating solutions. This acquisition fully complements Sunrise Medical's extensive line of powered and manual mobility equipment.

In September 2023, Quantum Rehab unveiled the R-TRAK RWD Power Wheelchair, which aims to revolutionize cutting-edge rehabilitation technologies. Its design redefines what is anticipated of rear-wheel drive wheelchairs by prioritizing the user's experience and quality of life.

In February 2022, Invacare Corporation unveiled the e-fix eco Power Assist Device, a next-generation wheelchair conversion device.

In January 2022, A new electric wheelchair called the Scewo BRO was introduced by the Swiss firm Scewo to help persons with mobility impairments climb stairs. 

In January 2022, Invacare Corp. introduced the Invacare AVIVA STORM RX, a powered wheelchair with a narrow base. This new model was developed to offer multiple advanced features compared to its previous standard version launched in the market.

FAQs

Question:    What is the current market size of the global electric wheelchair market?

Answer:     The global electric wheelchair market is projected to grow from US$ 3.64 Billion in 2023 to US$ 7.82 billion by 2032, expanding at a CAGR of 8.88% from 2024 to 2032.

Question:    What are the main drivers of the electric wheelchair market?

Answer:     Key drivers include the aging population, rising incidence of neurological disorders, technological advancements, favorable government policies, and increased consumer awareness.

Question:    How has the COVID-19 pandemic impacted the electric wheelchair market?

Answer:     The pandemic has led to an increase in demand for electric wheelchairs as hospitals faced an influx of COVID-19 patients needing mobility assistance.

Question:    What are the challenges facing the electric wheelchair market?

Answer:     Challenges include the lack of infrastructure improvements, low purchasing power in certain regions, and limited access to high-quality healthcare services in low-income countries.

Question:    What are the latest technological advancements in electric wheelchairs?

Answer:     Recent developments include the integration of IoT and smart voice assistance, improved battery performance, and the ability to connect wheelchairs to patients' medical records for better care management.

Product Type – Market breakup in 5 viewpoints:

1. Centre Wheel Drive
2. Front Wheel Drive
3. Rear Wheel Drive
4. Standing Electric Wheelchair
5. Others

Age Group – Market breakup in 3 viewpoints:

1. Upto 20 years
2. 21 to 60 years
3. Above 60 Years

End Users – Market breakup in 3 viewpoints:

1. Hospitals
2. Clinics
3. Home Care

Country – Market breakup of 25 Countries:

1. North America

1.1    United States

1.2    Canada

2. Europe

2.1    France

2.2    Germany

2.3    Italy

2.4    Spain

2.5    United Kingdom

2.6    Belgium

2.7    Netherland

2.8    Turkey

3. Asia Pacific

3.1    China

3.2    Japan

3.3    India

3.4    South Korea

3.5    Thailand

3.6    Malaysia

3.7    Indonesia

3.8    Australia

3.9    New Zealand

4. Latin America

4.1    Brazil

4.2    Mexico

4.3    Argentina

5. Middle East & Africa

5.1    Saudi Arabia

5.2    UAE

5.3   South Africa

6. Rest of the world

All the key players have been covered from 4 Viewpoints:

• Business Overview
• Product Portfolio
• Recent Development & Strategies
• Revenue Analysis

Key Players Analysis:

1. Invacare Corporation
2. DassaultSystemes SA
3. Sunrise Medical
4. Karman Healthcare, Inc.
5. Pride Mobility Products Corp.
6. Permobil AB
7. Sermax Mobility Ltd.
8. Carex Health Brand Inc.

Report Details: