Global electric wheelchair market is growing with a profitable CAGR of 10.6% during the forecast period from 2023-2031, estimated to reach a valuation of US$ 16,411.28 Mn by 2031, up from US$ 6,999.15 in 2022 owing to the growing need for mobility and accessibility solutions for people with disabilities and mobility impairments.
Request Sample Copy of Research Report @ https://www.astuteanalytica.com/request-sample/electric-wheelchair-market
Mobility impairments cover a wide spectrum of disabilities that impair the ability to move or use fine motor skills in any of the limbs. Arthritis, muscular dystrophy, multiple sclerosis, spinal cord injury, cerebral palsy, and amputation are examples of common disabilities. According to CDC data, up to one in four (26%), adults in the United States have a disability of some kind. Additionally, 11.1 percent of adults in the United States struggle greatly to walk or climb stairs due to mobility impairment. As a result, the electric wheelchairs market will experience a large demand from this growing population.
The report highlights various other factors, such as the rising aging population, the increase in the cases of chronic diseases, and technological advancements in the wheelchair sector. Numerous engineers and researchers are developing the finest methods for designing and building Smart Wheelchairs. Blind spot sensors, obstacle detection systems, proximity sensors, proximity alarms, and alerts are currently available safety systems. For instance, in Jan 2022, Swiss startup Scewo introduced the Scewo BRO electric wheelchair for those with mobility difficulties. It features digital steering capabilities and will eventually develop for autonomous driving.
North America, followed by Europe, dominated the global electric wheelchair market holding a share of 70%. In order to suit consumer demand, the regional market participants are consistently creating cutting-edge items. In addition, over 61 million persons in the United States, including 3.3 million wheelchair users, live with a handicap, according to the Centers for Disease Control and Prevention (CDC). Estimates place the number of wheelchair users at 2 million, and this number is rising steadily.
The two most populous nations in the Asia-Pacific are China and India. China is regarded as an aging economy because there are over 241 million people in China who are over 60. In addition, China manufactures around 75% of the world’s electric wheelchairs because of its significant players and hubs for the production of aluminum.
Data from the National Crime Records Bureau show that 422659 accidents have a place in India in 2021, leaving 155000 persons dead and 371000 hurt. Therefore, it is probable that the growing number of injuries brought on by more traffic accidents would also fuel the expansion of the electric wheelchair market in India.
In 2022, the center wheel drive segment recorded a revenue of US$ 3320.0 million in the global electric wheelchair industry. However, the front-wheel drive segment is likely to grow at a rapid rate in the coming years. There is a high demand for center-wheel drive electric wheelchairs in nations like the US, Japan, China, and Germany have sizable elderly and disabled populations. As a result, electric wheelchairs are in high demand worldwide and are a key component of the wheelchair industry.
In 2022, the motor segment held a revenue of US4 2,603.0 million in the global electric wheelchair industry. On the other hand, the battery pack segment will grow at a revenue share of 32% of the market. This is primarily due to the essential role batteries play in the performance, range, and overall user experience of electric wheelchairs.
In 2022, the senior care segment accounted for a share of 36.9% of the electric wheelchair market. Additionally, it is likely to grow at the highest CAGR of 11.4% for the forecast period of 2023–2031. The elderly age category of people with disabilities is older people aged 60 and over, who also make up the majority of the electric wheelchair market’s customers.
In 2022, the hospital and clinic segment hold the top spot, with a market share of 44.2% in the electric wheelchair market. However, over the forecast period of 2023–2031, it is anticipated that the category for home care settings will increase at a CAGR of 11.4%. In order to make disabled individuals feel cozier and at home, caregivers frequently take care of them at home rather than in hospitals.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.astuteanalytica.com/industry-report/electric-wheelchair-market
According to Astute Analytica’s report, Drive Medical Design & Manufacturing, Numotion, Invacare, and Sunrise Medical LLC are the major participants in the electric wheelchair market. The top 4 major market participants currently control about 60% of the market, while the remaining players split about 30% of the income generated by the electric wheelchair industry.
The launch of new products, offering innovative solutions through strategic partnerships and collaborations, providing adaptable solutions to customers through the introduction of portable power chairs, addressing the functional, social, and medical needs of users through the introduction of innovative products, and enhancing a product portfolio are some of the player-adopted strategies in the electric wheelchair market.
Some of the strategies adopted by the key players are:
In March 2023, Mountain Trike Company, a manufacturer of all-terrain wheelchairs, and Steering Development, a leader in vehicle modifications, introduced a new totally electric driven off-road wheelchair. The SDMotion Trike is marketed as being tough, high-quality, and equipped with various special features for users who desire to explore difficult outdoor terrains.
In Dec 2022, in collaboration with Omni, a French start-up that has created an electric scooter attachment compatible with the majority of wheelchairs, TIER Mobility is testing wheelchair-accessible electric scooters across France. It has a very straightforward and user-friendly operation.
In May 2022, The advent of the Invacare® AVIVATM FX Power Wheelchair by Invacare Corporation set a new benchmark for the front-wheel drive power mobility market. There is more to the AVIVA FX Power Wheelchair than just a stylish base. The tires, wheels, hubs, gearboxes, and motors are all simply removable due to an innovative open-stack design.
In Sept 2021, a new Go Go® Endurance Li power wheelchair from Pride Mobility Products Corp. is the perfect travel mobility option. This portable, lightweight power chair is ideal for users who are constantly on the go thanks to its 8Ah lithium-ion battery pack, which is permitted for use on airplanes.
Prominent Key Players
- Carex Health Brands, Inc.
- Drive Medical Ltd.
- GF Health Products, Inc.
- Invacare Corporation
- Karma Medical Products Co., Ltd
- Karman Healthcare
- LEVO AG
- Matsunaga Manufactory Co., Ltd.
- MEYRA GmbH
- Miki Kogyosho Co. Ltd.
- Nissin Medical Industries Co., Ltd.
- OttoBock Healthcare GmbH
- Permobil AB
- Pride Mobility Products Corp.
- Quantum Rehab
- Seating Matters
- Sunrise Medical Limited
- Other Prominent Players
- Center Wheel Drive
- Front Wheel Drive
- Rear Wheel Drive
- Standing Electric Wheelchair
- Push-Rim-Activated Power-Assisted Wheelchairs (PAPAWs)
- Transmission Belt
By Charging Type
- Post-Acute Care
- Pediatric care
- Maternity Care
- Senior Care
- Home Care
- Sport Injury
By Distribution Channel
- E-Commerce Websites
- Company Websites
- Homecare settings
- Others (Travel & Transport, Hospitality, Education)
- North America
- The U.S.
- Western Europe
- The UK
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia & New Zealand
- South Korea
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Rest of South America
Directly Purchase a copy of report with TOC @ https://www.astuteanalytica.com/inquire-before-purchase/electric-wheelchair-market
About Astute Analytica
Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.
BSI Business Park, H-15,Sector-63, Noida- 201301- India
Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)