Electric Wheelchair Market By Type (Center Wheel Drive, Front Wheel Drive, Standing Electric Wheelchair, Rear Wheel Drive, and Other) By Patient Type (Adult Wheelchair, Pediatric Wheelchair, and Others) By End-Users (Hospitals & Clinics, Homecare Settings, Sports Conditioning, and Other) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

Electric Wheelchair Market size is expected to be worth around USD 8,233 Mn by 2032 from USD 3,750 Mn in 2022, growing at a CAGR of 8.4% during the forecast period from 2023 to 2032.

Request Covid - 19 Impact

A motorized chair with wheels and batteries is known as an electric wheelchair, which requires minimum effort to move in the desired direction. Powered by batteries and motors, these chairs do not require human assistance. One or more rechargeable batteries power an electric wheelchair. The motor that powers the wheelchair's joystick, wheels, or ball is powered by these batteries.

Driving factors

The increasing geriatric population, the introduction of artificial intelligence and automated wheelchairs has contributed to an increase in the market's client base.

The demand for electric wheelchairs has experienced a significant increase in recent years due to the increasing number of geriatric populations around the globe. The government offers lucrative incentives and benefits to encourage electric wheelchair demand. This has greatly supported market growth. Artificial intelligence systems can record expressions like raising the eyebrows or moving the tongue to assist in the movement in the desired direction. A staggering 15% of the world's population is affected by some form of disability. People with disabilities are dependent on their caregivers to perform daily activities. This dependent population drives the electric wheelchair market's growth.

Restraining Factors

High cost of wheelchairs

The high costs of wheelchairs are the main factor that is limiting growth in the global wheelchairs market. According to the Mobility Deck, which is a free resource that provides information on all aspects of mobility, an electric wheelchair's cost can vary from US$ 1,000 to US$ 15,000 in December 2020. It all depends on the brand, size, quality, features, and other requirements. The average electric wheelchair for a regular user will cost between US$ 2000 and US$ 3000. The Electric Wheelchair Market is incorporating dementia care product feature to provide comfort and security to users facing cognitive challenges.

Type Analysis

The center-wheel drive segment holds the largest share of 31% of the electric wheelchair market.

This is due to its small turning radius, light front tires, and ease of maneuvering within narrow spaces. This segment is driven by the growing prevalence of disability, increasing road accident rates, and a growing population. According to the World Health Organization (WHO), approximately 50 million people are injured each year by car accidents. This has led to a rise in demand for wheelchairs in homecare and hospitals. New product launches will also boost the segment's growth.

The fastest growing segment in the electric wheelchair market revenue is expected to be rear wheel drive chairs. The front-wheel drive segment will gain momentum in the next decades due to its ability to decrease poundage, lower manufacturing costs, and improve fuel economy.

Patient Type Analysis

The adult segment is dominating due to increasing disableness in the elderly population.

The adult segment will be expected to have a higher share than other segments due to the increasing aging of the population. As more elderly people become disabled due to stiffness, pain, or stiffness in the knees, hips, or ankles, and osteoarthritis, wheelchairs are becoming increasingly important. These devices are used to aid in mobility and daily tasks for people who have difficulty walking.

End-User Analysis

The hospital segment has dominated the market, with a 37% market share.

This is due to rapid demand and supply which is experienced in this sector. The hospital is the first place that the patient should be referred to for the use of a wheelchair. After any disability or accident, patients usually go to the hospital. Hospitals are a prime electric wheelchair market. These products are used extensively to transport and move patients to ensure maximum safety and comfort.

Electric wheelchairs have seen a rise in demand and sales due to the strict guidelines set for hospital standardization. Because of the growing number of elderly people in society, the home care market is the fastest growing. Caregivers use these advanced machines to offer maximum comfort and safety for patients who have a higher risk of injury due to their medical condition. This last segment includes smaller healthcare centers and clinics.

Key Market Segments

By Type

• Center Wheel Drive
• Front Wheel Drive
• Standing Electric Wheelchair
• Rear Wheel Drive
• Other Types

By Patient Type

• Adult Wheelchair
• Pediatric Wheelchair
• Others

By End-Users

• Hospitals & Clinics
• Homecare Settings
• Sports Conditioning
• Other End-Users

Growth Opportunity

Spinal deformities contribute to market growth

The electric wheelchair market is growing because of an increase in spinal deformities. Spinal deformity is an abnormal alignment of or curve in the bony vertebral columns. In severe cases, Scoliosis can be fatal. Scoliosis can be disabling for some. According to Columbia University Irving Medical Center (CUIMC), Scoliosis is a common, sometimes genetic spinal disorder that causes the spine curve to cause pain and discomfort. It affected between 6 million and 9 million Americans in 2021. The electric wheelchair market will grow as a result of an increase in spinal deformities.

Latest Trends

The growing burden of disabilities to boost the market growth

The interaction of health conditions like blindness, dementia, spinal cord injury, and environmental or personal factors can lead to disability. A study by the World Health Organization (WHO), published in December 2022, found that around 1.3 billion people have significant disabilities (16%). Due to the increasing prevalence of non-communicable diseases and people living longer, disability is on the rise.

Trauma, injuries, or congenital disease can also cause disability. Due to the increasing prevalence of these diseases, there is a rising demand for wheelchairs. The market is expected to grow due to hospitals and healthcare facilities investing in infrastructure development and adopting advanced devices like electric wheelchairs. The demand for wheelchairs in home care settings is increasing as the elderly population is more vulnerable to different orthopedic conditions.

The electric wheelchair market is expected to grow in the future due to rising accidents and trauma rates. To meet the growing demand, companies are continually innovating and developing new products to satisfy the market. The introduction of many electric wheelchairs has driven the growth in the market for electric wheelchairs.

Regional Analysis

North America accounted significant share of 40% of the global electric wheelchair market

Over the forecast period, North America is expected to have the highest market share and growth. To meet consumer demand, the market players in this region continue to develop new products. Europe's electric wheelchair market is second in market share. This is due to increased vehicle accidents, government support for healthcare industry growth, and a growing population. These factors drive the demand for electric wheelchairs across the region. The UK Electric Wheelchair Market and Germany Electric Wheelchair Market in Europe held the largest electric wheelchair market share.

The Asia-Pacific Electric Wheelchair Market will grow at the fastest rate of CAGR over the forecast period. This is partly due to increased injuries and accidents that have fueled the demand for electric wheelchairs at hospitals and homes. Government initiatives will also support market growth to support the development of the region's healthcare industry. The market for electric wheelchairs in China held a significant market share. India was expected to be the fastest-growing market within the Asia-Pacific region.

Key Regions and Countries

North America

• US
• Canada
• Mexico

Western Europe

• Germany
• France
• The UK
• Spain
• Italy
• Portugal
• Ireland
• Austria
• Switzerland
• Benelux
• Nordic
• Rest of Western Europe

Eastern Europe

• Russia
• Poland
• The Czech Republic
• Greece
• Rest of Eastern Europe

APAC

• China
• Japan
• South Korea
• India
• Australia & New Zealand
• Indonesia
• Malaysia
• Philippines
• Singapore
• Thailand
• Vietnam
• Rest of APAC

Latin America

• Brazil
• Colombia
• Chile
• Argentina
• Costa Rica
• Rest of Latin America

Middle East & Africa

• Algeria
• Egypt
• Israel
• Kuwait
• Nigeria
• Saudi Arabia
• South Africa
• Turkey
• United Arab Emirates
• Rest of MEA

Key Players Analysis

Concepts such as standing wheelchairs, self-driving wheelchairs with visual sensors to detect impediments and lightweight electric wheelchairs constructed of carbon fiber are expected to boost the market. The company's strong investment in research to create a superior portfolio of treatment options has helped it to be a leader in the market. Market leaders are investing heavily in advanced wheelchairs.

This will allow the electric wheelchair market to grow even further in the future. Market participants are taking various strategic steps to expand their market share, including signing contracts, merging and acquisitions, partnerships, and increasing investments. The electric wheelchair market is constantly changing, with new models that offer more advanced features and are being launched by competitors.

With the presence of many local and regional players, the market for companion diagnostics is fragmented. Market players are subject to intense competition from top market players, particularly those with strong brand recognition and high distribution networks. To stay on top of the market, companies have gained various expansion strategies such as partnerships and product launches.

Top Key Players in Electric Wheelchair Market

• 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 LLC
• Ottobock Se & Co KGaA
• Permobil AB
• Other Key Players

Recent Development

• In August 2022, Sunrise Medical LLC announced two important acquisitions in Europe. The first acquisition comes from the United Kingdom's Helping Hand Company. Products for positioning and pressure management are the focus of this business. Symmetrikit's range of independent life, environmental, and 24-hour postural care products. The second acquisition is now Tech, a Hungarian company that specializes in digital, software, and electronic engineering.
• In May 2022: Sunrise Medical LLC launched two new products, the ZIPPIE Q300 Mini, its latest pediatric powerchair, and the QUICKIE Q200R, its new rear-wheel drive powerchair.
• In April 2022: Permobil Inc., a US subsidiary of Permobil AB, announced that it would invest USD 15.5 million to increase production at its Lebanon, Tennesse plant. OttoBock Healthcare GmbH purchased Veldink4kids, a Dutch company that makes special wheelchairs for children, in February 2022. This acquisition was to expand its child's product line.

Report Scope: