Electric Wheelchair Market

The growing burden of disabilities to boost the market growth

Disability results from the interaction between health conditions such as blindness, dementia, spinal cord injury, and environmental or personal factors. According to a study published by the World Health Organization (WHO) in December 2022, around 1.3 billion people (~16% of the population) experience significant disabilities. The prevalence of disability is growing owing to increasing noncommunicable diseases as well as people living longer.

Moreover, disability can be caused by various factors such as trauma, injuries, accidents, and congenital diseases. The growing burden of such diseases has led to rising demand for wheelchairs ly. Moreover, hospitals and healthcare facilities are investing in developing the infrastructure and adopting various advanced devices such as electric wheelchairs such factors are driving the market growth during the forecast period.

As the elderly population is more susceptible to various orthopedic disorders, the demand for wheelchairs is rising in home care settings. According to World Health Organization (WHO), in 2021, is anticipated to be 1.4 billion and is anticipated to grow to 2.1 billion by 2050. Growing accidents and trauma incidences are also anticipated to fuel the electric wheelchair market CAGR worldwide in the coming years.

However, to cater to the rising demand, the companies in the market are constantly developing and innovating for advancements of the products in the market. For instance, there have been a number of introductions of electric wheelchairs is another factor driving the growth of the electric wheelchair market revenue.

Electric Wheelchair Market Segment Insights

Electric Wheelchair Types Insights

The electric wheelchair market segmentation, based on types, includes center-wheel drive chairs, front-wheel drive chairs, and rear wheel drive chairs. The center wheel drive chair segment held the majority share in 2021. Some of the primary factors driving the growth of this segment include the rising prevalence of disability, the increasing number of road accidents ly, and the growing aging population across the globe.

For instance, according to statistics published by the World Health Organization (WHO), around 50 million people are injured yearly due to vehicle accidents. This has also led to rising demand for wheelchairs in hospitals and homecare settings. Moreover, new product launches are also expected to boost the segment's growth. However, rear wheel drive chair is anticipated to grow at the fastest growing CAGR during the forecast period in electric wheelchair market revenue.

August 2021 Invacare Corporation introduced the Invacare AVIVA STORM RX power wheelchair, which provided rear-wheel drive power mobility. This newly launched product has superior technology, design, and performance.

March 2020 Invacare Corporation launched the next generation in the in front-wheel drive power mobility, the Invacare AVIVA FX Power Wheelchair.

Electric Wheelchair Application Insights

The electric wheelchair market segmentation, based on application, includes home care settings and hospitals & clinics. The home care settings segment dominated the market in 2021 and is expected to be the fastest-growing segment during the projected 2022-2030. This is due to the growing number of surgeries and the increasing preference among patients to stay comfortable at their home post surgeries.

Moreover, the rising geriatric population and rising prevalence of the disabled population ly are also among the major factors propelling the market growth during the forecast period. Furthermore, new products launched are expected to positively impact the electric wheelchair market growth.

The second fastest-growing segment in the Electric Wheelchair industry is hospitals & clinics. A growing number of knee replacement surgeries and a growing number of accidents are fueling the demand for Companies in the market are launching new products in the market that support the hospital staff in carrying patients from one place to another.

November 2019 In collaboration with IIT, Madras, Phoenix Medical Systems launched India's first indigenously-designed standing wheelchair. This new launch has further broadened the growth opportunity for the Electric Wheelchair industry.

December 2022: Auto Parts Giant to Go Public in December 2022 MOBIS is providing 500 persons with impairments with Personal Motorized Wheelchairs thanks to a collaboration with NeoMotion, an IIT Madras, India-incubated Start-up focused on producing indigenous rehabilitative technologies. MOBIS is working on this as part of its corporate social responsibility initiative dubbed "Accessibility and Freedom." In other sections of the country, more potential recipients would be found. NeoMotion's motorized wheelchair is a wholly homegrown,'made in India' gadget that takes into account local conditions to be both high-quality and cost-effective.

Electric Wheelchair Regional Insights

By Region, the study provides market insights for electric wheelchair into North America, Europe, Asia-Pacific, and the Rest of the World. The North America, electric wheelchair market accounted for USD 1.64 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the growing incidence of disability and the rising geriatric population. Moreover, the initiatives taken by the players in the market for investing in the advancement of wheelchairs and new product launches is also expected to aid the market across the region.

Further, the major countries studied in the market report for electric wheelchair are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe Electric Wheelchair market accounts for the second-largest market share due to government support for the healthcare industry's growth, an ageing population, and an increase in vehicle accidents. Such factors fuel the demand for electric wheelchairs in the market across this region. Furthermore, the Germany Electric Wheelchair market and the UK Electric Wheelchair market held the largest market share in the European region.

The Asia-Pacific Electric Wheelchair Market is expected to grow at the fastest CAGR during the projected period. This is due to an increased rate of accidents and injuries that have fueled the demand for electric wheelchairs in the hospitals and home care. Furthermore, government initiatives for supporting the healthcare industry's development in this region are also expected to fuel market growth. Moreover, the China Electric Wheelchair market held a prominent market share, and the India Electric Wheelchair market was anticipated to be the fastest-growing market in the Asia-Pacific region.

Electric Wheelchair Key Market Players & Competitive Insights

Major market players are heavily investing in developing advanced wheel chairs, which will help the electric wheelchair market grow even more in the coming years. Market participants are also adopting various strategic initiatives to grow their footprint, with key market developments such as contractual agreements, mergers and acquisitions, increased investments, and partnerships with other companies. Competitors in the electric wheelchair industry are also constantly launching a new model with better and more advanced features than the ones already in the market.

One among the primary business strategies adopted by players in the Electric Wheelchair industry is to manufacturing locally or set up manufacturing operations in a region where the cost for raw materials a& labor cost is lower. In recent years, the Electric Wheelchair industry has introduced several new products in the market. The Electric Wheelchair market, major players such as Sunrise Medical (Germany), Permobil AB (Sweden), Pride Mobility Products Corp (US), Invacare Corporation, Drive Medical (US), and Karman Healthcare (US), and others are taking initiatives to expand the market demand by investing in research and development activities.

Invacare Corporation is a company that manufactures innovative home and long-term care medical products. The company is constantly innovating and launching new wheelchairs in the market to maintain its market share. In July 2020, Invacare Corporation and Alber announced the US launch of SMOOV one, an innovative and pioneering power-assist solution that helps manual wheelchair users. This newly launched wheelchair is easy to use and has dynamic driving performance and superior power & control.

Also, Sunrise Medical manufactures mobility products such as lightweight wheelchairs, power wheelchairs, and several others. The company is adopting strategic moves such as expanding its product portfolio by acquiring other companies in the market. In September 2022, Sunrise Medical acquired two companies, namely Helping Hand Company and Now Tech, in Europe. The company Now Tech has a strong portfolio of products, including special head control, making it a part of the Sunrise SWITCH-IT power wheelchair special control product.

Key Companies in the Electric Wheelchair market includes

• GF Health Products
• Sunrise Medical (Germany)
• Quantum Rehab (US)
• Permobil AB (Sweden)
• Pride Mobility Products Corp (US)
• Invacare Corporation, Drive Medical (US)
• Ottobock (Germany)
• Levo AG (Switzerland)
• Karman Healthcare (US), among others

Electric Wheelchair Industry Developments

November 2023, Sunrise Medical launched Magic Mobility's Magic 360 wheelchair in North America. The Magic Mobility Magic 360 powerchair is one of the few compact models that is robust enough for off-road use, agile enough for indoor use, and versatile enough for all-purpose use

October 2023, Sunrise Medical announced the strategic acquisition of Ride Designs (US), a well-known pioneer in the wheelchair industry for high-end custom seating solutions. As a result of this acquisition, they perfectly complement the wide range of powered and manual mobility products that Sunrise medical currently offers

September 2023, Quantum Rehab introduces the R-TRAK RWD Power Wheelchair. A product called R-TRAK seeks to transform advanced rehabilitation technology. Its design puts the user's experience and quality of life first, redefining what is expected of rear-wheel drive

February 2022, Invacare Corporation launched e-fix eco, the next generation of power assist devices. The Alber e-fix eco Power Assist transforms a manual wheelchair into a portable power chair via a joystick, battery, and in-wheel motors. This wheelchair has enhanced mobility and independence and is a simple control unit.

Electric Wheelchair Market Segmentation

Electric Wheelchair Types Outlook

• Center Wheel Drive Chair
• Front Wheel Drive Chair
• Rear Wheel Drive Chair

Electric Wheelchair Type Outlook

• Home Care Settings
• Hospitals & Clinics

Electric Wheelchair Regional Outlook

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• Rest of the World
  • Middle East
• Africa
• Latin America

The Global Electric Wheelchair Market Industry is experiencing growth driven by the increasing aging population worldwide. As individuals age, mobility challenges often arise, leading to a higher demand for electric wheelchairs. In 2024, the market is projected to reach 3.5 USD Billion, reflecting the urgent need for mobility solutions among seniors. By 2035, this figure is expected to rise to 7.55 USD Billion, indicating a significant market expansion. The growing number of elderly individuals, particularly in developed nations, suggests that the demand for electric wheelchairs will continue to rise, thereby shaping the industry landscape.

The Global Electric Wheelchair Market Industry is poised for substantial growth, with projections indicating a market value of 3.5 USD Billion in 2024 and an anticipated increase to 7.55 USD Billion by 2035. This growth trajectory suggests a CAGR of 7.24% from 2025 to 2035, reflecting the increasing demand for electric wheelchairs driven by various factors such as an aging population, technological advancements, and rising healthcare expenditure. These projections highlight the potential for innovation and investment within the industry, as stakeholders seek to capitalize on the expanding market opportunities.

Technological advancements play a pivotal role in the Global Electric Wheelchair Market Industry, enhancing the functionality and appeal of electric wheelchairs. Innovations such as improved battery life, lightweight materials, and advanced control systems are making these devices more user-friendly and efficient. For instance, the integration of smart technology allows for better navigation and customization, catering to individual needs. As these technologies evolve, they are likely to attract a broader consumer base, including younger individuals with mobility impairments. This trend may contribute to the projected CAGR of 7.24% from 2025 to 2035, indicating a robust growth trajectory.

Rising awareness and acceptance of electric wheelchairs significantly influence the Global Electric Wheelchair Market Industry. Public campaigns and advocacy for disability rights have led to a greater understanding of mobility challenges faced by individuals with disabilities. This heightened awareness is encouraging more people to consider electric wheelchairs as viable mobility solutions. Additionally, the societal shift towards inclusivity is fostering an environment where electric wheelchairs are increasingly accepted in public spaces. As acceptance grows, the market is likely to expand, contributing to the projected CAGR of 7.24% from 2025 to 2035, as more individuals seek out these mobility aids.

The Global Electric Wheelchair Market Industry is benefiting from increased healthcare expenditure across various nations. Governments and private sectors are investing more in healthcare services, which includes funding for mobility aids like electric wheelchairs. This trend is particularly evident in countries with aging populations, where healthcare policies prioritize accessibility and mobility solutions. As healthcare budgets expand, more individuals are likely to receive financial support for purchasing electric wheelchairs, thereby driving market growth. The anticipated increase in market value from 3.5 USD Billion in 2024 to 7.55 USD Billion by 2035 underscores the potential impact of this driver.

Government initiatives and regulations are crucial drivers of the Global Electric Wheelchair Market Industry. Many countries are implementing policies aimed at improving accessibility for individuals with mobility impairments. These initiatives often include subsidies or financial assistance programs for purchasing electric wheelchairs, making them more affordable for consumers. Furthermore, regulations mandating accessibility in public spaces are increasing the demand for electric wheelchairs. As governments continue to prioritize inclusivity, the market is expected to grow, with projections indicating an increase from 3.5 USD Billion in 2024 to 7.55 USD Billion by 2035.

By Region, the study provides market insights for electric wheelchair into North America, Europe, Asia-Pacific, and the Rest of the World. The North America, electric wheelchair market accounted for USD 1.64 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the growing incidence of disability and the rising geriatric population. Moreover, the initiatives taken by the players in the market for investing in the advancement of wheelchairs and new product launches is also expected to aid the market across the region.

Further, the major countries studied in the market report for electric wheelchair are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3 ELECTRIC WHEELCHAIR MARKET SHARE BY REGION 2021 (%)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Electric Wheelchair market accounts for the second-largest market share due to government support for the healthcare industry's growth, an ageing population, and an increase in vehicle accidents. Such factors fuel the demand for electric wheelchairs in the market across this region. Furthermore, the Germany Electric Wheelchair market and the UK Electric Wheelchair market held the largest market share in the European region.

The Asia-Pacific Electric Wheelchair Market is expected to grow at the fastest CAGR during the projected period. This is due to an increased rate of accidents and injuries that have fueled the demand for electric wheelchairs in the hospitals and home care. Furthermore, government initiatives for supporting the healthcare industry's development in this region are also expected to fuel market growth. Moreover, the China Electric Wheelchair market held a prominent market share, and the India Electric Wheelchair market was anticipated to be the fastest-growing market in the Asia-Pacific region.

Major market players are heavily investing in developing advanced wheel chairs, which will help the electric wheelchair market grow even more in the coming years. Market participants are also adopting various strategic initiatives to grow their footprint, with key market developments such as contractual agreements, mergers and acquisitions, increased investments, and partnerships with other companies. Competitors in the electric wheelchair industry are also constantly launching a new model with better and more advanced features than the ones already in the market.

One among the primary business strategies adopted by players in the Electric Wheelchair industry is to manufacturing locally or set up manufacturing operations in a region where the cost for raw materials a& labor cost is lower. In recent years, the Electric Wheelchair industry has introduced several new products in the market. The Electric Wheelchair market, major players such as Sunrise Medical (Germany), Permobil AB (Sweden), Pride Mobility Products Corp (US), Invacare Corporation, Drive Medical (US), and Karman Healthcare (US), and others are taking initiatives to expand the market demand by investing in research and development activities.

Invacare Corporation is a company that manufactures innovative home and long-term care medical products. The company is constantly innovating and launching new wheelchairs in the market to maintain its market share. In July 2020, Invacare Corporation and Alber announced the US launch of SMOOV one, an innovative and pioneering power-assist solution that helps manual wheelchair users. This newly launched wheelchair is easy to use and has dynamic driving performance and superior power & control.

Also, Sunrise Medical manufactures mobility products such as lightweight wheelchairs, power wheelchairs, and several others. The company is adopting strategic moves such as expanding its product portfolio by acquiring other companies in the market. In September 2022, Sunrise Medical acquired two companies, namely Helping Hand Company and Now Tech, in Europe. The company Now Tech has a strong portfolio of products, including special head control, making it a part of the Sunrise SWITCH-IT power wheelchair special control product.