Global Electric Wheelchair Market 2024 – 2033

Reports Description

According to Custom Market Insights (CMI), The Global Electric Wheelchair Market Size was valued at USD 3.8 billion in 2021 and is expected to reach USD 4.5 billion in 2022, and is estimated to reach USD 7.14 billion by the end of 2030 at a CAGR of approximately 7% during the forecast period 2022-2030.

Electric Wheelchair Market: Overview

An electric wheelchair is a battery-powered, motorized wheelchair preferred by people with disabilities or medical conditions. These wheelchairs can be partially disassembled for transit and typically have four or six wheels. Due to their independence preferences or lack of upper body strength, some people choose electric wheelchairs over manual wheelchairs. Electric wheelchairs, which resemble mobility scooters and offer more comfort, storage space, armrests, and joysticks for controlling wheelchair movement, have begun to appear on the market due to technological advancements.

Electric Wheelchair Market: COVID–19 Impact Analysis

The COVID-19 pandemic had a detrimental impact on the expansion of the powered wheelchair market. Over the previous few years, the healthcare industry’s supply chain sustained devastating harm. The epidemic caused various shipping and logistics issues, resulting in a global shortage of critical and non-essential medical items, according to the annual report released by the Invacare Corporation. The epidemic hindered businesses’ access to essential goods and raw resources, which impacted their financial health. The pandemic caused non-acute care to be restricted, postponed, or even curtailed in various regions of the world, which impacted this industry because the end-users couldn’t get these products.

However, the mining industry’s recovery from the COVID-19 issue may help the economy recover soon. Additionally, the positive financial outlook is anticipated to support mining businesses’ resilience as they deal with the pandemic’s effects on their daily operations. In turn, this aspect can increase the sales of electric wheelchairs worldwide.

Electric Wheelchair Market: Growth Drivers

Rising elderly population

Owing to the development of medical technology and healthcare infrastructure, the proportion and number of older people in every nation’s population are rapidly increasing. For instance, the Department of Economic and Social Affairs reports that there were almost 703 million people worldwide in 2019 who are 65 or older. By 2050, it is expected that there will be 1.5 billion older people, a growth rate of 16%.

Additionally, there is a growing global need for mobility assistance devices due to the prevalence of neuromuscular and physical mobility illnesses like multiple sclerosis, muscular dystrophy, and peripheral neuropathy. For instance, the Cleveland Clinic estimates that 5.4 million Americans, or around 1 in 50 people, have some paralysis.

As patients with the above problem use electric wheelchairs more frequently, the prevalence of physical immobility issues is predicted to rise, boosting sales in the global market. 

Favorable reimbursement policies in certain countries

The market will also benefit from the favorable reimbursement environment in developed economies. For example, the Part B of Medicare covers power-operated vehicles, with users responsible for just 20% of the total cost and Medicare covering the remaining 80%. This is only true if the doctor issues a formal order stating that a wheelchair is required at home.

Electric Wheelchair Market: Segmentation Analysis

The Electric Wheelchair market is segmented into product, type, and end-users. The market is classified into front-wheel drive, standing electric wheelchairs, rear-wheel drive, and others, depending on the product type. Between 2022 and 2030, the electric wheelchair market is anticipated to grow most quickly in the center-wheel drive segment. This is due to its relatively small turning radius, bright front tires, simplicity of movement in confined locations, and improved longevity. In terms of market share for electric wheelchairs, the front-wheel-drive group is in the lead, but as its weight is reduced, manufacturing costs are reduced, and its fuel efficiency is improved, it is predicted to gain ground in the next decades.

Based on type, the electric wheelchair market is divided into adult and pediatric models. The adult category is anticipated to hold a bigger share than other segments. The world’s aging population is to blame for this. At the same time, as older people become incapacitated from osteoarthritis-related pain or stiffness in their knees, hips, ankles, or feet, the need for wheelchairs increases. To increase mobility and quality of life for those who have trouble walking and carrying out daily duties, they are frequently employed as assistive technology.

Report Scope

Key Insights: 

• Per the analysis shared by our research analyst, the Electric Wheelchair market is estimated to grow annually at a CAGR of around 7% over the forecast period (2022-2030).
• In terms of revenue, the Electric Wheelchair market was valued at around USD 3.8 billion in 2021 and is projected to reach USD 7.14 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• Based on product segmentation, the center-wheel drive segment is projected to witness a high CAGR from 2022 to 2030.
• Based on type segmentation, the adult segment is estimated to hold the dominant market share in 2021.
• The home-care setting segment is estimated to notice tremendous growth based on type segmentation.
• Based on geography/region, the North American region was the leading revenue generator in 2021.

Recent Development

• 2022: The Invacare Corporation has unveiled the e-fix eco, a power-assisted device of the next generation. With the help of a joystick, this revolutionary technology makes it possible to convert a wheelchair that is now being used often into a portable power wheelchair. In this invention, batteries and in-wheel motors were used.
• 2021: A new generation of rear-wheel drive electric wheelchairs, the AVIVA Storm RX, has been introduced by Invacare, a leading American manufacturer of non-acute medical equipment such as wheelchairs and mobility scooters. The wheelchair features an LED lighting system, adjustable loan compensation interpreters, and a special open stack design that allows the legs to tuck under the chair by up to 7 degrees. Such product introductions will likely increase demand in the North American market.

Regional Landscape

Over 2022-2030, the North American region is anticipated to have the biggest market share and growth. The regional market participants consistently create cutting-edge items to suit consumer demand. The Centers for Disease Control and Prevention estimate that 3.3 percent of adults in the United States have a handicap. Million people use wheelchairs. Estimates place the number of wheelchair users at 2 million, and this number is rising steadily.

In the future, APAC will develop at the fastest rate, with China capturing the largest share of the regional market. Significant market expansion is also induced by the region’s large patient population and the rising number of modern hospitals and healthcare facilities. The APAC market will benefit from the expanding healthcare infrastructure, rise in government programs encouraging the adoption of cutting-edge mobile devices, and growing awareness of the newest wheelchair varieties.

The global Electric Wheelchair market is segmented as follows:

By Product

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

By Type

• Adult Wheelchairs
• Pediatric Wheelchairs

By End-users

• Hospital
• Home-Care Setting

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America