Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Electric Wheelchair Market size was valued at USD 7.84 billion in 2024 and is expected to reach USD 24.62 billion by 2037, expanding at around 9.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of electric wheelchair is assessed at USD 8.45 billion.
Electric wheelchairs are motorized wheelchairs that work using an electric motor rather than manual work. They are primarily used by the geriatric and differently-abled population globally. The growing number of physically challenged and senior people is estimated to drive the market growth. For instance, in arthritis, joint pain causes reduced leg and lower body movement, leading to locomotion restriction, hence the use of electric wheelchair can help with the movement of people suffering from arthritis. According to the data by the Center of Disease Control and Prevention (CDC), an estimated 54.4 million adults were diagnosed with arthritis, and 23.7 million individuals suffered from physical limitations caused by arthritis. These factors are expected to boost the market. Furthermore, product launches and expansions in emerging markets along with the adoption of new technologies such as artificial intelligence to manufacture self-driving electric wheelchairs is projected to support the growth of the market.
Electric Wheelchair Sector: Growth Drivers and Challenges
Growth Drivers
- Increase In Geriatric Population
- Increase in Cases of Accidents Which Lead to Temporary or Permanent Disabilities
- Increase In Trend of Automation in Equipment for Differently-Abled Population
Challenges
- Lack Of Outdoor Infrastructure Such as Wheel Chair Ramps
Electric Wheelchair Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
9.2% |
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Base Year Market Size (2024) |
USD 7.84 billion |
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Forecast Year Market Size (2037) |
USD 24.62 billion |
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Regional Scope |
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Electric Wheelchair Segmentation
The market is segmented on the basis of type into centre wheel drive chair, front wheel drive chair, rear wheel drive chair, and others, out of which, centre wheel drive chair segment is anticipated to grab the largest share by the end of 2021 on account of more advantages of centre wheel chair over other such as, helping in improving postural positioning, the minimalized effort for mobilization, and making users independent to carry out daily activities.
On the basis of end-user, the homecare segment in the electric wheelchair market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the adoption of electric wheel chairs in home applications owing to high usage by disable people and elderly population to bring physical independence at home. Moreover, the home care settings segment is gaining remarkable coverage as many patients are looking for recovery under such setups.
Our in-depth analysis of the global market includes the following segments:
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Type |
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End-user |
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Customize this ReportElectric Wheelchair Industry - Regional Synopsis
North America industry is poised to dominate majority revenue share by 2037, on the back of better availability of technological support, variety in the product, and high investment capacity and other reasons. Moreover, growing awareness among people about the product and favourable reimbursement policies, along with various other facilities are expected to boost the regional market growth.
The market in the Asia Pacific region is expected to grow with highest CAGR in the forecast period. Market in countries such as India, Japan, and China, display a surge in the demand for electric wheelchair on the back of the increasing geriatric population in the region. As per the data provided by World Data Bank, in Japan, the geriatric population accounts for 28% of the total population, in 2019. Moreover, the vast patient pool of physically disabled people is another factor foreseen to boost the market growth.
Companies Dominating the Electric Wheelchair Landscape
- Invacare Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- GF Health Products, Inc.
- Sunrise Medical, Inc.
- Quantum Rehab
- Permobil AB
- Pride Mobility Products Corp
- Medical Depot, Inc.
- Ottobock
- Levo AG
- Karman Healthcare, Inc.
In the News
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December 2020: Phoenix Instinct has developed a lightweight wheelchair with a movable axle position that automatically adjusts the chair's center of gravity to stop overbalancing.
Author Credits: Radhika Pawar
- Report ID: 3274
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
