Global Electric Wheelchair Market is expected to expand at a CAGR of 9.8% during 2022 - 2027, due to Unprecedented Increase in the Geriatric Population
21 Apr, 2022

As per the latest report by Renub Research titled "Global Electric Wheelchair Market, Size, Forecast 2022-2027, Share, Growth, Industry Trends, Impact of COVID-19, Opportunity Company Analysis," Global Electric Wheelchair Market Size will reach US$ 6.84 Billion by 2027. As per the WHO (World Health Organization), about 1 Billion of the global population has suffered from some form of disability in 2021. Thus, the electric wheelchair is a necessary implementation and experimental medium of a low-cost intelligent wheelchair for the disabled. Electric wheelchair is also known as a motorized wheelchair; it is a locomotion mechanism for non-ambulatory people. It is driven by electrical power sources, such as (SLA) sealed lead-acid batteries like dry batteries and wet batteries. Electric Wheelchair has a power base that houses the wheels, motors, brakes, batteries, and wiring harnesses underneath the seat. It also comprises backrests, headrests, cushions made of gels, contoured foam, and air-filled bladders. An electric wheelchair is normally operated using joysticks or switches that allow users to control the movement and acceleration.

Electric Wheelchair Market Growth:

The global electric wheelchair industry is set to experience a boost in the growth rate during the forecast period. Convenience and stability are essential for a rise in the sales of electric wheelchairs. Likewise, the elderly population is more inclined towards electric wheelchairs for comfort and ease of operation. Additionally, the growing burden of neuromuscular and physical mobility disorders such as multiple sclerosis, muscular dystrophy, and peripheral neuropathy worldwide creates a strong demand for assistive mobility devices.

However, the COVID-19 pandemic created disturbances around all industries; it positively influenced the electric wheelchair market. The electric wheelchair market saw significant growth during the pandemic. Many health institutes and hospitals are flooded with people infected with the virus. Hence, the demand for electric wheelchairs rose in 2020.

The Rear-Wheel Drive Wheelchair Drive segment drives Electric Wheelchair Market

Based on product type, Electric Wheelchair Market includes Rear Wheel Drive Wheelchair Drive, Front Wheel Drive Wheelchair Drive, 4 Wheel Drive Electric Wheelchair, Standing Electric Wheelchair, Self-Balancing Wheelchair, and Remote Control. Most people would recognize rear-wheel-drive power chairs. The frame of the wheelchair can vary in style, and this type of wheelchair comes with a choice of fixed frame or folding frame, depending on the model. Rear Wheel Drive Power chairs are straightforward to drive with the aid of joystick control, which can be scaled on either the right or left of the wheelchair. The seating and comfort can be changed around the patient's needs, and they can be recharged through a easy connection on the joystick (most models).

By age group, the electric wheelchair market is classified into <20 years, 21 to <60 years, 60 Years. The 60 years age group holds a significant market share in the Electric Wheelchair Market. It is because of the growth in the elderly population globally. At the same time, disability in older people due to arthritis pain or stiffness in a hip, ankle, knee, or foot increases the demand for wheelchairs. 

Besides, an increase in disabilities is due to a rise in the elderly population and the prevalence of chronic diseases. Thus, hospitals and healthcare facilities utilize electric wheelchairs to improve the welfare of patients and healthcare workers. In addition, electric wheelchairs are used in-home care settings to transfer patients safely and comfortably from one place to another. Therefore, the demand for electric wheelchairs is to rise in hospitals and elderly care homes, owing to the unprecedented increase in the geriatric population.

Electric Wheelchair Market: Regional analysis:

Regionally, the electric wheelchair market is divided into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America is anticipated to perform well in the coming year. This is attributed to increased investment capacity, better technological assistance, and relaxed government regulations. Geriatric populations across the countries such as Canada and the United States, a swift rise in demand for electric wheelchairs are witnessed around North America. Consequently, several players in the market are increasingly investing in research and development (R&D) activities for launching novel products to capitalize on existing opportunities.

Similarly, the rising adoption of automotive vehicles across countries such as India, South Korea, China, and others has led to a substantial rise in traffic, resulting from increased road accidents. For instance, by National Crime Records Bureau, about 467,171 road accidents were registered across India, accounting for around 181,113 deaths in 2019. This rise in road accidence has expanded the number of immobility patients, propelling the demand for electric wheelchairs in the Asia Pacific.

Competitive Landscape:

The market for an electric wheelchair is moderately fragmented into players like Aquila Services Group PLC, Dassault Systemes SA, Merit Medical Systems Inc, Invacare Corporation, Sunrise, Permobil AB, Page Group, and Graham Holdings.

Market Summary:

• Product Type – We have covered Global Electric Wheelchair Market breakup by 6 viewpoints by Type (Rear Wheel Drive Wheelchair Drive, Front Wheel Drive Wheelchair Drive, 4 Wheel Drive Electric Wheelchair, Standing Electric Wheelchair, Self-Balancing Wheelchair and Remote Control)

• Battery Type – This Report have covered by Battery Type 3 viewpoints (Dry battery type, Wet battery type and others)

• Age group – Renub Research Report covers by Age group in the 3 viewpoints (< 20 years, 21 to <60 years and > 60 Years)

• End Users – Global Electric Wheelchair Market breakup by 3 viewpoints by End Users (Hospitals, Clinics, Care Homes)

• Region – Our Report has been covered by region 6 viewpoints (North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa)

• Key Players –  All the major players have been covered from 4 Viewpoints (Overview, Key Strategies, Recent Development, and Revenue Analysis) Aquila Services Group PLC, Dassault Systemes SA, Merit Medical Systems Inc, Invacare Corporation, Sunrise, Permobil AB, Page Group, and Graham Holdings.