The electric wheelchair market is set to reach a valuation of USD 4,352.4 million in 2023. Between 2023 and 2033, the overall market share is expected to grow at 10.4%. Furthermore, the global electric wheelchair market share is predicted to reach up to USD 11,741.6 million by 2033.
Electric Wheel Chair Market Trends
| Report Attributes or Data Points | Details |
|---|---|
| Global Electric Wheelchair Market Size in 2022 | USD 4,000.4 million |
| Estimated Global Market Share in 2023 | USD 4,352.4 million |
| Forecasted Global Market Size by 2033 | USD 11,741.6 million |
| Projected Global Market Growth Rate from 2023 to 2033 | 10.4% CAGR |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
In 2022, the demand for electric wheelchairs accounted for almost 30% of the global market for assistive technologies in the healthcare sector.
From 2018 through 2022, the demand for electric wheelchairs increased promisingly with the proliferation of e-commerce sites including home delivery. For instance, the wheelchair market grew by double digits for Ottobock, a German wheelchair manufacturer, in 2019.
On the other hand, the crisis during 2020 and 2021 significantly decreased the share of the healthcare mobility solution market. The pandemic forced wheelchair manufacturers to suspend production as most healthcare infrastructure focused on the emergency at hand.
Following 2021, the business began to operate online by providing its clients with video chats for e-appointments and advice on social media. With the development of medical technology and healthcare infrastructure, patients around the world have recognized the utility of electric wheelchairs in daily life.
Prevalence of Physical Disability among Younger Generation: There is a growing global need for mobility assistance devices due to the prevalence of neuromuscular and physical mobility illnesses. Soaring cases of muscular dystrophy, multiple sclerosis, and peripheral neuropathy have substantially increased the number of individuals requiring mobility assistance.
Higher Cost of Electric Wheelchairs: The higher cost of electric wheelchairs in comparison to mechanical wheelchairs limits their sale in many regional markets, particularly in third-world countries. Electric wheelchairs typically cost between USD 1,500 and USD 3,500 in the United States, even after some companies cover maintenance and repair costs. On top of that, high maintenance expenses and hefty weight are noticeable disadvantages that discourage patients from adopting such advanced products.
Technological and Design Problems: Although electric wheelchairs are highly sophisticated medical gadgets, technical problems have frequently marred the positive outlook for the product. Frequent product recalls following the identification of certain flaws in design and construction have also impeded the market expansion for electric wheelchairs. As an example, the FDA issued a product recall for Permobil's electric wheelchairs in 2018 owing to the failure of one or more backrest bars.
Principal Consultant
| Key Countries | CAGR (2023 to 2023) |
|---|---|
| United States | 2.3% |
| Germany | 3.2% |
| Japan | 3.8% |
| China | 4.2% |
| India | 7.4% |
In 2022, the United States led the worldwide market and contributed nearly USD 745 million in revenues. Additionally, the region's abundance of market participants can help accelerate market expansion throughout the projection period.
The United States holds a dominating position in the global market for electric wheelchairs due to higher incidences of different physical immobility problems. Also, the aging populations in Canada and Latin American countries have substantially increased the export of the product.
During the projected period, Germany is anticipated to dominate the market in Europe as it garnered almost USD 350 million in revenue in 2022. With a strong manufacturing base, some leading market participants are driving the electric wheelchair market in Germany.
The United Kingdom is anticipated to grow at a faster pace in the adoption of electric wheelchairs during the period of prediction in Europe. This rise can be attributed to the presence of a huge target population and the rising use of personal mobility equipment or wheelchairs.
The sales of electric wheelchairs are expected to develop rapidly in Asian countries over the next ten years. A considerable increase in traffic has increased the frequency of road accidents throughout Asia, creating a higher requirement for electric mobility devices.
China is the leading market for the production of electric wheelchairs, generating a revenue of around USD 400 million in the year 2022. Enactment of government programs to provide high-quality mobility equipment and the upgrading of healthcare facilities is expected to drive the regional market through 2033.
India is another remarkably growing market in Asia, encouraging the establishment of electric wheelchair manufacturing companies rapidly. The present market holds a sizable portion of the powered wheelchair market share in Asia, with USD 380 million in revenue in 2022.
The country is supported by a sizable population base, and a large elderly population could contribute to market expansion. India has a total population of roughly 1.40 billion, and roughly 2% of the population with health issues requiring mobility aid is driving the market. The growth in injuries brought on by traffic accidents could fuel the expansion of the market in the country.
In 2022, the overall market size for electric wheelchairs in Japan was estimated to be roughly USD 128 million. During the forecast years, Japan is anticipated to become a highly lucrative market for electric wheelchairs in the whole of Asia. The increase in immobility patients has grown in Japan due to the growing elderly population, ultimately driving up demand for electric wheelchairs in the country.
The market is examined in 5 countries, as represented in the table below. Leading electric wheelchair manufacturers in the United States identify considerable prospects based on the higher investment in cutting-edge technologies. Government support and improving healthcare services remains the key to success for market layers in Asian countries.
The application of automation and robotics is also anticipated to significantly increase demand for standing electric wheelchairs. In the approaching years, online sales channels are anticipated to become more influential, driving the sales of other product types for household use.
| Attributes | Details |
|---|---|
| Top Product Type | Central Wheel Drive |
| Market Share in 2023 | 30.1% |
In 2022, the overall market demand was led by the hospitals and clinics segment, which had a revenue contribution of around USD 162 million. Electric wheelchairs are mostly utilized in hospitals for patient transportation and a trip to the doctor's office in a sizable medical institution.
| Attributes | Details |
|---|---|
| Top End User | Hospitals and Clinic |
| Market Share in 2023 | 40.5% |
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Prominent mobility aids market players are focusing on the wheelchair's design and ergonomics to increase patient comfort. The competitive landscape is becoming increasingly competitive due to an increased focus on new assistive features and the growth of the global smart wheelchair market.
To fulfill the expanding client requirements, they often introduce battery-powered wheelchairs with advanced accessibility features. Notably, the demand for LED lights in wheelchairs is a significant development attracting more customers worldwide. Therefore, to take advantage of current prospects, several wheelchair manufacturing companies are investing more in developing smart wheelchairs.
To give an example, the debut of the AVIVA Storm RX, a next-generation rear-wheel drive electric wheelchair, was announced by Invacare in 2021. Invacare is a leading maker of non-acute medical equipment, including wheelchairs and mobility scooters, in the United States. This new wheelchair includes a unique open stack design that provides a leg space beneath the chair to fold up to 70 degrees. It also includes an LED lighting system and adjustable loan compensation interpreters for better maneuverability.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.4% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million or billion, Volume in Kilotons, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By Product Type, By End User, By Region |
| Countries Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; The Middle East and Africa (MEA) |
| Key Companies Profiled | OttoBock Healthcare GmbH; Invacare Corp.; Pride Mobility Products Corp.; Permobil AB; Sunrise Medical Limited; Hoveround Corporation; LEVO AG, Invacare Corp.; MEYRA GmbH; Medical Depot, Inc.; GF HEALTH PRODUCTS, INC |
| Customization & Pricing | Available Upon Request |
The global electric wheelchair market size is around 4,352.4 million in 2023.
As per the analysis, the global market could grow at 10.4% through 2033.
The global market is predicted to be valued at USD 11,741.6 million by 2033.
The United States accounts for nearly 18.2% share of the global production.
India is predicted to witness a higher CAGR in sales of electric wheelchairs through 2033.
The leading companies are OttoBock, Invacare, Pride Mobility, and Sunrise Medical.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Center Wheel Drive 5.2. Front Wheel Drive 5.3. Rear Wheel Drive 5.4. Standing Electric Wheelchairs 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Users 6.1. Hospitals & Clinic 6.2. Home Care 6.3. Sports Conditioning 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. OttoBock Healthcare GmbH 17.2. Invacare Corp. 17.3. Pride Mobility Products Corp. 17.4. Permobil AB 17.5. Sunrise Medical Limited 17.6. Hoveround Corporation 17.7. LEVO AG, Invacare Corp. 17.8. MEYRA GmbH 17.9. Medical Depot, Inc. 17.10. GF HEALTH PRODUCTS, INC 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Healthcare Insights
View Reports
Electric Wheelchair Market
