Wheelchair Market Regional Analysis:
North America Market Forecast
North America region is expected to account for more than 43.7% market share by 2035, attributed to an increasing aging population, more disabled individuals from injuries, and technological advancements in wheelchair design. According to a report by WHO, as of 2020, 3.3 in 1000 people per year in the U.S. use a wheelchair. In addition, the rising number of aged people with severe disabilities and technological advancements in wheelchair design are expected to fuel market growth in this region.
The rising number of elderly individuals who require mobility solutions in the U.S has resulted in a high demand for wheelchairs. As of 2020, approximately 12% of the population residing in the U.S was estimated to have some sort of disability. This has encouraged key players in the country to develop and launch advanced and comfortable wheelchairs with features such as powered seating, joystick controls, and smart features. Moreover, government initiatives and favorable reimbursement plans to promote the adoption of advanced wheelchairs is expected to fuel market growth going ahead.
Asia Pacific Market
Asia Pacific wheelchair market is likely to register rapid growth during the forecast period owing to the presence of the elderly population facing mobility-related challenges and improving healthcare infrastructure and facilities in China, India, Japan, and South Korea. Local manufacturers are leveraging technological innovations to develop cost-effective, customizable wheelchair solutions and cater to rising demand. In addition, governments in some countries are implementing programs to subsidize mobility aids, making wheelchairs accessible and affordable for individuals with disabilities.
In India, the market is expected to expand at a fast pace between 2026 and 2035 due to rising number of disabilities caused by road accidents and chronic health conditions, the high elderly population, and increasing investments in R&D activities to develop advanced mobility solutions. For instance, in March 2024, IIT Madras announced the launch of India’s most customizable electric standing wheelchair, NeoStand that helps users to transition from sitting position to standing.
