Electric Wheelchair Market Size

Electric Wheelchair Market size was over USD 7.18 billion in 2023 and is anticipated to reach USD 22.54 billion by 2036, growing at around 9.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of electric wheelchair is estimated at USD 7.71 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.