Electric Wheelchair Market (By Product: Center Wheel Drive, Front Wheel Drive, Standing Electric Wheelchairs, Rear Wheel Drive; By End Users: Hospitals & Clinic, Home Care, Sports Conditioning; By Age Group: 60 years, 21 to <60 years, < 20 years)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The global Electric Wheelchair market size was estimated at USD 6.7 billion in 2021 and is expected to surpass around USD 15.4 billion by 2030 and poised to grow at a compound annual growth rate (CAGR) of 9.69% during the forecast period 2022 to 2030.

Key Takeaways:

• North America electric wheelchair market was valued at USD 2.7 billion in 2021.
• North America region has accounted highest revenue share 42.5% in 2021.
• Asia-Pacific is expected to grow at a CAGR of 9.5% from 2022 to 2030.
• Front wheel drive segment is expected to grow at a CAGR of 9.3% between 2022 to 2030.
• The center wheel drive segment has garnered revenue share of around 40% in 2021.

The global electric wheelchair market is expected to register significant growth over the forecast period. The increasing advancement in technology, and growing demand for electric mobility devices for people with disability and elderly people, is likely to fuel the market growth over the forecast period. The increasing prevalence of chronic diseases and the rising elderly population are the major factors anticipated to drive the market growth of the market.

An electric wheelchair is a motorized wheelchair that runs on a battery which is preferred by individuals with a medical condition or who have difficulty walking. These wheelchairs are generally four-wheeled or six-wheeled and can be partially dismantled for transits. These individuals prefer electric wheelchairs over manual wheelchairs due to a lack of upper body strength or want to be independent. The technological evolution in the wheelchair market has started offering electric wheelchair is looks similar to mobility scooter which offers more comfort, storage space, armrest, and joystick for controlling the movement of a wheelchair.

The rising demand for mobility assistance and the geriatric population is expected to drive market growth. As per the Americans with Disabilities Act, a wheelchair is designed mainly for use by an individual with a physical disability. Wheelchairs can be used for both indoor and outdoor purposes. An increase in life span and the number of elderly persons at a global level is one of the key reasons expected to contribute to the growth of the market.

The market is disrupted due to the COVID-19 pandemic which affected the market due to the restrictions and lockdown imposed by the government as a result, the demand and sale of the product decreases. The demand for a wheelchair is expected to increase due to the rising geriatric population and mobility issues that occurred to the people during the pandemic. Although the number of hospital visits by regular patients had reduced during the lockdown, the number of patients affected with COVID-19 witnessed a spike. With the ease of lockdowns, the manufacturing operation of the mobility device is expected to come back to normal.

The rise in the number of disorders requiring an assistive device is also one of the key factors expected to contribute to market growth. The most common disability that needs a mobility device is spinal cord injuries. As per the National Spinal Cord Injury Statistical Center, around 294,000 people currently living with spinal cord injuries, in the U.S. with 17,7300 new cases each year. Thus, the U.S. is expected to be a major potential market for the supplier and manufacturers of mobile devices over the forecast period.

Report Scope of the Electric Wheelchair Market

Product Insights 

On the basis of product type, the center wheel drive type of segment has dominated the segment as a result of its multipurpose usage and multi-dimensional approach. It assists in movement of all the wheels with equal torque which helps to maintain better balance and stability of the wheelchair. it also proves to be more durable as compared to the other types of systems. It provides a small radius while turning the wheelchair. The weight of the front tire is very light and it has an ability to move around narrow pathways which makes it easy to use.

The front wheel drive type records the fastest growth as a result of its rapid sales in the market. It provides more power efficiency as a result of its mechanism. The weight of the front wheels is quite heavy due to the mechanism it follows. The rear-wheel-drive type of mechanism forms the next segment that records a considerable growth in the market during the forecast period.

End Users Insights

On the basis of end user, the market has been dominated by the hospital segment as a result of the rapid demand and supply which is experienced in this sector. Patient usually visit a hospital after the occurrence of any accident or disability. This becomes the first place where the patient is suggested for using of a wheelchair. Hence, the hospitals become a potential market for the supply of the electric wheelchair segment. these products are also extensively used in order to transfer and shift the patients from one place to another to provide maximum comfort and safety to the patient. The strict guidelines which are formulated for the standardization of hospitals and health care centers have boosted the sales and demand of electric wheelchairs in the market.

The home care segment forms the next fastest growing market as a result of the presence of the geriatric population in the society which usually stays at home or old age centers where special attention and care is provided. The caregivers make use of these advanced machines in order to provide maximum comfort and safety to the patients who or at a greater risk of injury pertaining to their health condition. The clinics and smaller healthcare centers forms the last segment.

Regional Insights

On the basis of geography, the market has been dominated by the North American region as a result of the geriatric population residing in this region. The advanced healthcare facilities that are made available to the people by the government boosts the demand of modern equipments in the hospitals in order to remain updates at all times. Special attention is given to this category in the old age homes by providing the best possible services. The European countries form the next largest market for the electric wheelchair as a result of the rapid developments in the healthcare industry. With the increasing prevalence of road traffic accidents the demand for electric wheelchairs has also increased tremendously.

The Asia Pacific region has proved to be a potential market for the electric wheelchair as a result of the rapid advancements and developments seen in this sector. The tremendous increase in population of this region has increased the consumption of advanced facilities by the people. As a result of their growing disposable income people in the developing nations can afford such advanced technologies.

Some of the prominent players in the Electric Wheelchair Market include:

• Matsunaga Manufactory Co., Ltd
• Meyra Group
• Invacare Corporation
• Karma Medical Products Co., Ltd
• Miki Kogyosho Co., Ltd
• Nissin Medical Industries Co., Ltd
• Pride Mobility Products Corp
• Sunrise Medical (U.S.) LLC
• Ottobock Se & Co Kgaa
• Permobil AB

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Electric Wheelchair market

By Product

• Center Wheel Drive
• Front Wheel Drive
• Standing Electric Wheelchairs
• Rear Wheel Drive

By End Users

• Hospitals & Clinic
• Home Care
• Sports Conditioning

By Age Group

• 60 years
• 21 to <60 years
• < 20 years

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Points Covered in Electric Wheelchair Market Study:

• Growth of Electric Wheelchair in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Electric Wheelchair and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Electric Wheelchair Consumption Analysis
•  Electric Wheelchair Production Analysis
•  Electric Wheelchair and Management