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Electronic Wheelchair Market Research Report 2023
Electronic Wheelchair Market Size by Product Type (Center Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchairs, and Others), By Portability (Standalone, Portable) By Application (Mobility, Neurological Conditions), by End Users (Home Care Settings, Hospitals, and Clinics) And Region Global Market Analysis and Forecast, 2023-2030
Electronic Wheelchair Market Synopsis
The Global Electronic Wheelchair Market size was reasonably estimated to be approximately USD 3,503.69 Million in 2023 and is poised to generate revenue over USD 7,131.24 Million by the end of 2030, projecting a CAGR of around 10.50%from 2023 to 2030.
An electric Wheelchair, also called an Electric-Powered Wheelchair, Motorized Wheelchair, Or Powerchair, is any seating surface with Wheels affixed to it that is propelled by an Electrically based Power Source, typically Motors, And Batteries
- An electric wheelchair makes it easier for people who need a wheelchair but can also walk short distances and gives them more energy to walk when they need to. An electric wheelchair can provide significantly more accessibility and flexibility outside.
- Power wheelchairs can be safer than ordinary wheelchairs because they are less likely to tip over. When moving about outdoors, the chair is much more stable when traveling over bumps and debris on pavements and other terrains. An electric wheelchair is much more stable with a lower center of gravity, which makes moving about in the chair less of a safety risk.
- Power wheelchairs are ideal for indoor use because many have compact designs and anti-tilt wheels which allow for easier use in tight spaces. For those that are disabled or have little to no mobility, a power wheelchair can make life incredibly easier; users can simply move about with the touch of a button or lever. The electric wheelchairs at Momentum Healthcare have a variety of speed settings, which makes outdoor use and traveling long distances much easier.
Top Key Players Involved Are:
"Invacare Corporation (U.S), Karma Medical Products Co Ltd (Taiwan), Matsunaga Manufactory Co Ltd (Japan), Meyra Group (Poland), Miki Kogyosho Co Ltd (Japan), Nissin Medical Industries Co Ltd (Japan), Ottobock Se & Co Kgaa (Germany), Permobil Ab (Sweden), Pride Mobility Products Corp (U.S), Sunrise Medical (Germany), GF Health Products (U.S), Quantum Rehab (U.S), Levo AG (Switzerland), Karman Healthcare (U.S), Hoveround Corporation (U.S), MEYRA de (Germany), Medical Depot Inc (Canada), Drive Medical (U.S), Merits Health Products Co Ltd (Taiwan), Guangzhou HEDY Rehabilitation Technology Co Ltd (China) and Other Major Players."
The Electric Wheelchair Market Trend Analysis
The Rising Prevalence of Disabilities Enhances the Market Growth
- The increasing prevalence of disabilities, such as spinal cord injuries, multiple sclerosis, and cerebral palsy, has contributed to the growth of the electric wheelchair market. Electric wheelchairs provide a means of transportation and mobility for individuals with disabilities, enabling them to lead more independent and active lives.
- Many governments around the world offer financial assistance or subsidies to people with disabilities to purchase electric wheelchairs, which can make these devices more accessible and affordable. Due to government support and assistance the Electric Wheelchair Market is rising. The aging population is also a driving factor in the growth of the electronic wheelchair market. As the global population ages, the prevalence of mobility impairments increases, leading to a higher demand for electronic wheelchairs.
- In Conclusion, the rising prevalence of disabilities is expected to drive demand for electric wheelchairs as a mobility aid, which is likely to result in increased investment in research and development, leading to the development of more advanced and user-friendly electric wheelchair products.
Technological Advancement Rises the Electric Wheelchair Market
- Advancements in technology can lead to the development of electric wheelchairs with advanced mobility features, such as improved speed control, obstacle avoidance, and more precise steering. This can help users move more easily and efficiently, improving their overall quality of life.
- Technological advancements can lead to the development of electric wheelchairs with improved seating and positioning options, as well as features such as adjustable suspension and shock absorbers. This can help improve comfort and reduce the risk of pressure sores and other related health issues. Advanced features such as voice control, smart home integration, and remote control can give users greater independence and control over their environment, leading to a more fulfilling and autonomous lifestyle.
- In Conclusion, technological advancements present a significant opportunity for the electric wheelchair market, and they have the potential to transform the industry by improving mobility, comfort, independence, safety, and connectivity for user experience
Source: Centre for Disease Control and Prevention
In the above graph, the people in the U.S. are affected by disability. The Percentage of the disability is more due to mobility which is serious difficulty in walking and climbing stairs at 11.10%. The dominating region of Electric Wheelchairs in North America is because the demand for Electric Wheelchairs increases as the percentage of disabilities in Mobility increases. People in the U.S. prefer Electric Wheelchairs to overcome their disability.
Segmentation Analysis of The Electric Wheelchair Market
Electric Wheelchair Market segments cover the Product Type, Portability, Application, and End-users. By Product Type, the Centre Wheel Drive Segment is Anticipated to Dominate the Market Over the Forecast period.
- Center-wheel drive electric wheelchairs offer excellent maneuverability making them ideal for indoor use and tight spaces such as elevators, hallways, and doorways. They have a smaller turning radius, which makes them easier to navigate through confined spaces, improving user mobility. Center-wheel drives electric wheelchairs are more stable than other types of electric wheelchairs, such as rear-wheel drive or front-wheel drive. This is because the drive wheels are positioned directly under the user's center of gravity, which provides better balance and stability, especially on uneven terrain.
- Center-wheel drives electric wheelchairs are designed to provide a comfortable seating position for users. They have a mid-wheel suspension system, which helps to absorb shocks and vibrations, reducing discomfort and the risk of pressure sores. Center-wheel drives electric wheelchairs can be customized to meet the unique needs and preferences of users, such as seat size, backrest angle, footrest position, and armrest height. Center-wheel drives electric wheelchairs have a low center of gravity, which provides greater stability and reduces the risk of tipping over, making them safer to use.
- In Conclusion, the center-wheel drive segment dominates the electric wheelchair market because of its excellent maneuverability, stability, comfort, customization options, and safety features. These factors make center-wheel drive electric wheelchairs the preferred choice for many users, especially those who need to navigate through tight spaces and uneven terrain.
Regional Analysis of The Electric Wheelchair Market
North America is Expected to Dominate the Market Over the Forecast Period.
- North America has been at the forefront of technological advancements in the electric wheelchair industry. The region is home to many leading manufacturers and researchers who have developed advanced electric wheelchair products, such as those with advanced mobility features, connectivity, and data analysis. The aging population in North America has contributed to the growth of the electric wheelchair market. As people age, they are more likely to experience mobility impairments, creating a growing demand for electric wheelchairs.
- North America has a high healthcare expenditure, which has led to increased investment in medical equipment such as electric wheelchairs. This has contributed to the growth of the electric wheelchair market in the region. North America has a strong distribution network for electric wheelchairs, including both brick-and-mortar stores and online retailers. This makes it easy for consumers to purchase electric wheelchairs, leading to increased market growth.
- In Conclusion, North America dominates the electric wheelchair market due to its technological advancements, aging population, high healthcare expenditure, government support, and strong distribution network. These factors have contributed to the growth of the electric wheelchair market in the region, making it the largest market for electric wheelchairs in the world.
Covid-19 Impact Analysis on Electric Wheelchair Market
The Covid-19 pandemic has had both positive and negative impacts on the electric wheelchair market.
- The positive impact of Covid-19 on the Electric Wheelchair Market has increased the demand for electric wheelchairs as people with mobility impairments are looking for ways to move around without relying on public transportation or the assistance of others. Due to the pandemic, telemedicine has become more common, and remote consultations have increased. This has led to an increase in demand for electric wheelchairs with connectivity features, allowing patients to control their wheelchairs remotely and communicate with their healthcare providers.
- On the other hand, The Covid-19 pandemic has disrupted supply chains globally, leading to delays in the production and delivery of electric wheelchairs. The pandemic has caused economic uncertainty, and many people have lost their jobs or are facing financial difficulties. This has led to a decrease in demand for electric wheelchairs, as they are relatively expensive medical equipment. Due to the pandemic, many hospitals and clinics have been overwhelmed, and some non-urgent medical appointments have been postponed. This has reduced the number of referrals for electric wheelchairs, leading to a decrease in demand.
- Overall, the COVID-19 pandemic has had both positive and negative impacts on the electric wheelchair market. While the increased demand for electric wheelchairs due to the pandemic is a positive development, disruptions to supply chains, economic uncertainty, and reduced access to healthcare have had negative impacts on the market.
Top Key Players Covered in The Electric Wheelchair Market
- Invacare Corporation (U.S)
- Karma Medical Products Co Ltd (Taiwan)
- Matsunaga Manufactory Co Ltd (Japan)
- Meyra Group (Poland)
- Miki Kogyosho Co Ltd (Japan)
- Nissin Medical Industries Co Ltd (Japan)
- Ottobock Se & Co Kgaa (Germany)
- Permobil Ab (Sweden)
- Pride Mobility Products Corp (U.S)
- Sunrise Medical (Germany)
- GF Health Products (U.S)
- Quantum Rehab (U.S)
- Levo AG (Switzerland)
- Karman Healthcare (U.S)
- Hoveround Corporation (U.S)
- MEYRA de (Germany)
- Medical Depot Inc (Canada)
- Drive Medical (U.S)
- Merits Health Products Co Ltd (Taiwan)
- Guangzhou HEDY Rehabilitation Technology Co Ltd (China) and Other Major Players.
Key Industry Developments in the Electric Wheelchair Market
In August 2022, Sunrise Medical announced the completion of two strategic acquisitions in Europe. The first acquisition is of Helping Hand Company in the United Kingdom, specializing in designing, manufacturing, and distributing pressure management seating and positioning products, Symmetrikit 24-hour postural care range, independent living, and environmental products. The second acquisition is of Now Tech in Hungary, which is a digital, software, and electronic engineering company.
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Global Electric Wheelchair Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2032. |
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Historical Data: |
2016-2021 |
Market Size in 2022: |
USD 3,503.69 Mn. |
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Forecast Period 2023-30 CAGR: |
10.50% |
Market Size in 2030: |
USD 7,131.24 Mn. |
|
Segments Covered: |
By Product Type |
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|
By Portability |
|
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|
By Application |
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|
By End Users |
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By Region |
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Frequently Asked Questions
What would be the forecast period in the Electric Wheelchair Market research report?
The forecast period in the Electric Wheelchair Market research report is 2023-2030.
Who are the key players in Electric Wheelchair Market?
Invacare Corporation (U.S), Karma Medical Products Co Ltd (Taiwan), Matsunaga Manufactory Co Ltd (Japan), Meyra Group (Poland), Miki Kogyosho Co Ltd (Japan), Nissin Medical Industries Co Ltd (Japan), Ottobock Se & Co Kgaa (Germany), Permobil Ab (Sweden), Pride Mobility Products Corp (U.S), Sunrise Medical (Germany), GF Health Products (U.S), Quantum Rehab (U.S), Levo AG (Switzerland), Karman Healthcare (U.S), Hoveround Corporation (U.S), MEYRA de (Germany), Medical Depot Inc (Canada), Drive Medical (U.S), Merits Health Products Co Ltd (Taiwan), Guangzhou HEDY Rehabilitation Technology Co Ltd (China) and Other Major Players.
What are the segments of the Electric Wheelchair market?
The Electric Wheelchair Market is segmented By Product Type, portability, and Application and End-Use. By Product Type, the market is categorized into Center Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchairs, and Others. By Portability, the market is categorized into Standalone and Portable. By Application, the market is categorized into Mobility, Neurological conditions. By End Use, the market is categorized into Home Care Settings, Hospitals, and Clinics. By regions, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Electric Wheelchair Market?
An electric Wheelchair, also called an Electric-Powered Wheelchair, Motorized Wheelchair, Or Powerchair, is any seating surface with Wheels affixed to it that is propelled by an Electrically based Power Source, typically Motors, And Batteries. An electric wheelchair makes it easier for people who need a wheelchair but can also walk short distances and gives them more energy to walk when they need to. An electric wheelchair can provide significantly more accessibility and flexibility outside. Power wheelchairs can be safer than ordinary wheelchairs because they are less likely to tip over. When moving about outdoors, the chair is much more stable when traveling over bumps and debris on pavements and other terrains. An electric wheelchair is much more stable with a lower center of gravity, which makes moving about in the chair less of a safety risk.
How big is the Electric Wheelchair Market?
The Global Electronic Wheelchair Market size was reasonably estimated to be approximately USD 3,503.69 Million in 2023 and is poised to generate revenue over USD 7,131.24 Million by the end of 2030, projecting a CAGR of around 10.50%from 2023 to 2030.
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Base Year:2022
Historical Data:2016-2022
No of Pages:300
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