San Francisco, 11 April 2024: The Report Powered Wheelchair Market Size, Share & Trends Analysis Report By Category (Adult, Pediatric), By End-use (Hospitals, Homecare), By Portability (Standalone, Portable), By Product, By Region, And Segment Forecasts, 2024 - 2030

The global powered wheelchair market size is expected to reach USD 3.21 billion by 2030, registering a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The primary factors driving the market are the increasing disability rates, a growing aging population, technological advancements, and government initiatives and regulations. According to the Centers for Disease Control and Prevention (CDC), around 27%, 1 in every 4 adults in the United States have some type of disability out of which 12.1% of adults in the United States struggle significantly to walk or climb stairs due to mobility impairment. In the United States, there are an estimated 3.3 million wheelchair users, and this figure is rising annually. Due to the rise in the baby boomer group who has a high need for wheelchairs, the demand for wheelchairs is rising.

Moreover, the rising customization offered by several players is anticipated to boost the market. Wheelchairs are being designed with a greater focus on customization to meet individual needs and preferences. Manufacturers are offering options for adjustable seating, backrests, armrests, and other features, allowing users to have a personalized and comfortable experience.

The COVID-19 outbreak negatively impacted the market in the initial phase of 2020. Due to lockdowns and travel and manufacturing restrictions, the pandemic caused disruptions in the world's supply-chain networks. This has affected the production and distribution of wheelchairs and their components, leading to potential delays in manufacturing and delivery. However, the market recovered soon as there was demand was a surge in demand for healthcare equipment, including wheelchairs, in medical facilities. Hospitals and clinics required additional equipment to manage patients with mobility issues, which contributed to an increased demand for both manual and powered wheelchairs.

A powered wheelchair, also referred to as an electric wheelchair or motorized wheelchair, is a mobility device designed for individuals who find it challenging to walk due to health conditions, accidents, or other medical complications. Unlike manual wheelchairs that necessitate physical strength for movement and direction, powered wheelchairs utilize electric motors. This enables users to manage their motion through a joystick or a similar control system. The growing elderly population and rising cases of injuries requiring mobility support are key contributors to the expansion of this market.

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The stringent lockdowns during the early stages of the pandemic led to a halt in manufacturing operations across several countries, causing a minor dip in market growth. However, a rise in admissions of elderly COVID-19 patients ensured a steady product demand in hospitals. The anticipated demand increase in the future is attributed to the high prevalence of chronic illnesses, the growing population, and increasing risk of developing lifestyle diseases, such as obesity, among a significant portion of the population. Moreover, easy product access in several countries is a significant factor in market expansion. For example, in Asia, Singapore is recognized for its commitment to accessibility.

Powered Wheelchair Market Report Highlights

• The marketing the healthcare industry was estimated at USD 2.01 billion in 2023 and is expected to reach USD 3.21 billion in 2030
• The market for powered wheelchairs is expected to expand at a compound annual growth rate of 6.9% from 2024 to 2030 to reach USD 3.21 billion by 2030
• North America dominated the global market in 2023 and accounted for the largest revenue share of 47.8%. This growth is owing to the high target population and increased adoption of advanced wheelchairs
• By category, the adult segment dominated the electric wheelchair industry in terms of revenue share of 86.3% in 2023. Adults comprise individuals from the age group of 18 onwards. Disability in older people due to arthritis pain, or stiffness in a knee, hip, ankle, or foot increases the demand for wheelchairs

As per a study by the World Economic Forum, Singapore, with its specially designed buses and lifts across all public transport systems, has the best infrastructure for wheelchair users. The United Arab Emirates is another country making substantial strides in accessible travel. The UAE has invested heavily to ensure that individuals with disabilities can move freely throughout the country, offering complimentary passes on public transport and reserved parking spots for disabled drivers. The country also supports various events and initiatives aimed at increasing awareness about accessibility and inclusivity issues.

In addition, the ongoing technological advancements, in terms of product design, are anticipated to fuel future sales in the market. The introduction of battery-powered wheelchairs is expected to offer enhanced assistance to users. Moreover, design improvements now enable wheelchairs to store and link the device with the patient’s medical records, and even monitor the user’s health. For instance, in March 2020, Invacare Corporation introduced the AVIVA FX Power Wheelchair. This wheelchair incorporates a mix of new technologies to provide superior comfort and is suitable for both indoor and outdoor use.

The shift toward providing care at home or bedside is fueling the creation of wheelchairs with advanced therapeutic, diagnostic, display, and monitoring tools while being more adaptable, accurate, and compact. These systems represent a consumer-centric approach to healthcare, which encourages the adoption of innovations, such as personalized wearable devices, digital patient records, and systems connected to the internet wirelessly. All these technologies are expected to provide smart, user-friendly, and convenient healthcare services at home. Several market players are focused on this progress

Powered Wheelchair Market Report Scope

The market is poised for expansion, driven by advancements in products and a surge in demand for electric wheelchairs, which will subsequently enhance sales. Dominant entities such as Invacare Corporation, Permobil, and Sunrise Medical hold most of the revenue share. Furthermore, Sunrise Medical has been making significant strides and increasing its market share

List of Key Players in Powered Wheelchair Market

• Drive Medical Design & Manufacturing
• Invacare
• Sunrise Medical LLC
• Karman Healthcare
• Quantum Rehab
• Numotion
• Pride Mobility Products Corp.
• Ostrich Mobility
• MEYRA
• Jinmed