Electric Wheelchair Market By Type (Center Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchair, Others) , By End-User (Personal, Hospital) : Global Opportunity Analysis and Industry Forecast, 2024-2033
The electric wheelchair market was valued at $3.2 billion in 2023, and is projected to reach $8.7 billion by 2033, growing at a CAGR of 10.6% from 2024 to 2033.
An electric wheelchair, also known as a power wheelchair or motorized wheelchair, is a mobility device designed for individuals with physical disabilities or limited mobility. Unlike traditional wheelchairs, electric wheelchairs are powered by batteries and controlled through a joystick or other interfaces, allowing users to move independently without exerting physical effort. They are equipped with electric motors and come in various models to accommodate different needs, from indoor use to rugged outdoor terrains.
The growth of the global electric wheelchair market is driven by increase in global geriatric population. This is attributed to the fact that aging individuals face mobility challenge, which has significantly increased the demand for electric wheelchairs as mobility aids. According to a study published by the World Health Organization in 2021, the population aged 60 years and above will reach 2.1 billion by 2050, up from 1 billion in 2020. In addition, alarming increase in mobility disorders caused by conditions like spinal cord injuries, multiple sclerosis, arthritis, and muscular dystrophy contributes toward market growth. As per a study published by the World Health Organization in 2021, approximately 75 million individuals worldwide require a wheelchair, with this number steadily rising due to an increase in conditions like arthritis and stroke that impair mobility. Moreover, rise in awareness about assistive devices, coupled with improved accessibility to healthcare services, has broadened the market for electric wheelchairs in both developed and emerging markets. Furthermore, surge in demand for personalized solutions and enhanced comfort in mobility devices, such as adjustable seating, controls, and specialized designs for specific conditions, is driving the market growth. However, higher cost of electric wheelchair as compared to manual wheelchairs due to the inclusion of motors, batteries, and advanced technologies restrains the market growth. In addition, maintenance of electric wheelchairs, including battery replacement and motor repairs, can be costly and may discourage users from opting for them, thereby hampering the market growth. On the contrary, innovations in electric wheelchair technology, such as improved battery life, lightweight materials, and enhanced safety features, are expected to offer lucrative opportunities for the expansion of the global market during the forecast period.
The global electric wheelchair market is segmented into type, end user, and region. On the basis of type, the market is divided into center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchair, and others. As per end user, it is bifurcated into personal and hospital. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsBy type, the center wheel drive segment is expected to dominate the market from 2024 to 2033.On the basis of end user, the personal segment is anticipated to lead the market during the forecast period.
Region wise, Asia-Pacific is likely to emerge as the most lucrative market for electric wheelchair in the coming years.
Competition AnalysisCompetitive analysis and profiles of the major players in the global electric wheelchair market include Invacare Corporation., Sunrise Medical Limited, Permobil AB, OttoBock Healthcare, Pride Mobility Products Corp., Meyra Group, Nissin Medical Industries Co., Karma Medical Products Co. Ltd., Matsunaga Manufactory Co., Ltd, Miki Kogyosho Co., Ltd. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition and gain a strong foothold in the global market.
Key Market SegmentsBy TypeCenter Wheel Drive
Front Wheel Drive
Rear Wheel Drive
Standing Electric Wheelchair
Others
By End-UserPersonal
Hospital
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Argentina
Rest of LAMEA
Key Market PlayersInvacare Corporation.
Sunrise Medical Limited
Permobil AB
OttoBock Healthcare
Pride Mobility Products Corp.
Meyra Group
Nissin Medical Industries Co.
Karma Medical Products Co. Ltd
Matsunaga Manufactory Co., Ltd
Miki Kogyosho Co., Ltd