Global Electric Wheelchair Market Research Report: Information By Types (Center Wheel Drive Chair, Front Wheel Drive Chair, and Rear Wheel Drive Chair), By End-users (Home Care Settings and Hospitals & Clinics), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
Electric Wheelchair Market Size was valued at USD 3.8 billion in 2021 and is projected to grow from USD 4.05 Billion in 2022 to USD 6.43 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period (2022 – 2030). The rising prevalence of disabilities worldwide and technological advancements in wheelchairs are the key market drivers boosting the market growth. An electric wheelchair is a motorized wheelchair that runs on a battery which is favored by individuals with a medical condition or who have difficulty walking. These wheelchairs are usually four-wheeled or six-wheeled and can be partly dismantled for transit. These individuals choose electric wheelchairs over manual wheelchairs due to a lack of upper body strength or want to be independent. The technological advancement in the wheelchair market has started offering electric wheelchairs are looking similar to mobility scooters which tender more comfort, storage space, armrest, and a joystick for controlling the movement of a wheelchair.
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Electric wheelchairs are rapidly gaining traction, owing to their favorable attributes such as ease of use, higher convenience, and effortless usage. They are widely used by individuals who are unable to use manual wheelchairs or need to use wheelchairs for traveling longer distances, which is difficult in manual wheelchairs. The market is surging due to growing technological and IoT improvements, including intelligent voice assistance and extra new capabilities, and augmented investments by numerous companies in product improvement and technology development. Furthermore, the market is projected to grow in the upcoming years due to boosted wheelchair supply, growing consumer awareness, and beneficial government initiatives.
As a result, the production of wheelchairs will improve technologically, which will aid the electric wheelchair business. Paralympics sports are getting more well-liked, assisting the industry’s growth. There are also commending reimbursement policies and customization options available. With the rapidly surging geriatric population all over the globe as a result of improved medical facilities and treatment, the demand for electric wheelchairs has seen enormous growth in recent times. The attractive offers and advantages which are provided by the government to increase the demand for electric wheelchairs have helped to support the market growth to a great expansion.
Electric Wheelchair Market Segmentation
The Global Electric Wheelchair Market is segmented into the following types;
- Center Wheel Drive
- Standing Electric Wheelchairs
- Rear Wheel Drive
- Front Wheel Drive
- Adult Wheelchairs
- Pediatric Wheelchairs
- Home-Care Setting
Electric Wheelchair Market Regional Analysis
The Global Electric Wheelchair Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The North American region is estimated to witness the largest market share and growth over the forecast period. The market players in this region are increasingly developing advanced products to meet the consumers’ demand.
The rapid boost in the market’s growth in the Asia Pacific region is because of nations like India and China. The countries are advancing their healthcare facilities and government initiatives for delivering quality mobility devices.
The Global Electric Wheelchair Market’s prominent key players are GF Health Products Inc. (US), Sunrise Medical (Germany), Quantum Rehab (US), Permobil AB (Sweden), Pride Mobility Products Corp. (US), Invacare Corporation, Drive Medical (US), Ottobock (Germany), Levo AG (Switzerland) and Karman Healthcare Inc. (US).
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