Non-magnetic Wheelchair Market Size, Share & Trends Analysis Report By Patient Weight, By Magnetic Field Strength, By End-use, By Region, And Segment Forecasts, 2024 - 2030
Non-magnetic Wheelchair Market Growth & Trends
The global non-magnetic wheelchair market size is expected to reach USD 88.7 million by 2030 and display a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the growing geriatric population, increasing burden of physiological and neurological diseases, and adoption of advanced healthcare imaging technologies in developed and developing countries. Diseases such as multiple sclerosis (MS), Parkinson's disease (PD), amyotrophic lateral sclerosis (ALS), spinal cord injuries, and stroke lead to mobility impairments, which augments the need for wheelchairs. According to an article by the Multiple Sclerosis Association of America in May 2022, nearly 1 million people in the U.S. suffer from MS.
The growing geriatric population is expected to drive the demand for non-magnetic wheelchairs. According to OECD's report in 2021, the life expectancy in lower- and middle-income Asian countries has increased by six years from 2000, while upper-middle-income countries have recorded a growth of four years in life expectancy. Similarly, the WHO estimates that by 2050, nearly 2.1 billion people across countries will be aged over 60.
Growing adoption of screening modalities such as magnetic resonance imaging (MRI) across countries is expected to drive demand for wheelchairs. In addition, public-private partnership in the healthcare sector is expected to create favorable opportunities for the market players. For instance, in August 2023, the UK government aims to establish 160 diagnostic centers nationwide by 2025. The project cost is estimated at USD 2.93 billion.
Non-magnetic Wheelchair Market Report Highlights
- North America dominated the market with a revenue share of 34.86% in 2023, attributed to the presence of advanced healthcare technologies, superior healthcare reimbursement policies, and a growing geriatric population susceptible to diseases
- With 47.75% of revenue share in 2023, the 100 kg to 150 kg patient weight category led the market
- Based on field strength, up to 3T segment dominated with a revenue share of 78.79% in 2023
- Hospitals end-use segment dominated with a revenue share of 51.49% in 2023. The dominant share is attributed to hospitals as they cater to a diverse patient population
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.3.5. Details of Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.5.1. Volume Price Analysis
- 1.5.1.1. Approach 1: Volume Price Analysis
- 1.6. Data Validation & Publishing
- 1.7. Global Market: CAGR Calculation
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
- Chapter 3. Non-Magnetic Wheelchair Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/Ancillary Market Outlook
- 3.2. Market Trends and Outlook
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.1.1. Increasing geriatric population
- 3.3.1.2. Growing prevalence of physiological and neurological diseases
- 3.3.1.3. Increasing installations of imaging modalities such as magnetic resonance imaging (MRI).
- 3.3.2. Market restraint analysis
- 3.3.2.1. Stringent regulatory rule for providers
- 3.3.2.2. High-cost variability across regions and limited manufacturer presence
- 3.4. Business Environment Analysis
- 3.4.1. SWOT Analysis; By Factor (Political & Legal, Economic and Technological)
- 3.4.2. Porter’s Five Forces Analysis
- 3.4.3. COVID-19 Impact Analysis
- Chapter 4. Non-Magnetic Wheelchair Market: Patient Weight Business Analysis
- 4.1. Non-Magnetic Wheelchair Market: Patient Weight Movement & Market Share Analysis, 2023 & 2030
- 4.2. Below 100 kg
- 4.2.1. Below 100 kg Non-Magnetic Wheelchair Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3. 100 kg to 150 kg
- 4.3.1. 100 kg to 150 kg Non-Magnetic Wheelchair Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Above 150 kg
- 4.4.1. Above 150 kg Non-Magnetic Wheelchair Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 5. Non-Magnetic Wheelchair Market: Magnetic Field Strength Business Analysis
- 5.1. Non-Magnetic Wheelchair Market: Magnetic Field Strength Movement & Market Share Analysis, 2023 & 2030
- 5.2. Up to 3T
- 5.2.1. Up to 3T Non-Magnetic Wheelchair Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3. Up to 7T
- 5.3.1. Up to 7T Non-Magnetic Wheelchair Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 6. Non-Magnetic Wheelchair Market: End-use Business Analysis
- 6.1. Non-Magnetic Wheelchair Market: End-use Movement & Market Share Analysis, 2023 & 2030
- 6.2. Hospitals
- 6.2.1. Hospitals Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3. Outpatient Facilities
- 6.3.1. Outpatient Facilities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 7. Non-Magnetic Wheelchair Market: Regional Business Analysis
- 7.1. Regional Market Snapshot
- 7.2. Market Share Analysis by Country, 2023
- 7.2.1. North America
- 7.2.2. Europe
- 7.2.3. Asia Pacific
- 7.2.4. Latin America
- 7.2.5. MEA
- 7.3. North America
- 7.3.1. North America Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.3.2. U.S.
- 7.3.2.1. U.S. Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.3.2.2. Key Country Dynamics
- 7.3.2.3. Competitive Scenario
- 7.3.2.4. Regulatory Framework
- 7.3.3. Canada
- 7.3.3.1. Canada Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.3.3.2. Key Country Dynamics
- 7.3.3.3. Competitive Scenario
- 7.3.3.4. Regulatory Framework
- 7.4. Europe
- 7.4.1. Europe Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.4.2. Germany
- 7.4.2.1. Germany Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.4.2.2. Key Country Dynamics
- 7.4.2.3. Competitive Scenario
- 7.4.2.4. Regulatory Framework
- 7.4.3. UK
- 7.4.3.1. UK Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.4.3.2. Key Country Dynamics
- 7.4.3.3. Competitive Scenario
- 7.4.3.4. Regulatory Framework
- 7.4.4. France
- 7.4.4.1. France Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.4.4.2. Key Country Dynamics
- 7.4.4.3. Competitive Scenario
- 7.4.4.4. Regulatory Framework
- 7.4.5. Italy
- 7.4.5.1. Italy Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.4.5.2. Key Country Dynamics
- 7.4.5.3. Competitive Scenario
- 7.4.5.4. Regulatory Framework
- 7.4.6. Spain
- 7.4.6.1. Spain Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.4.6.2. Key Country Dynamics
- 7.4.6.3. Competitive Scenario
- 7.4.6.4. Regulatory Framework
- 7.4.7. Denmark
- 7.4.7.1. Denmark Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.4.7.2. Key Country Dynamics
- 7.4.7.3. Competitive Scenario
- 7.4.7.4. Regulatory Framework
- 7.4.8. Sweden
- 7.4.8.1. Sweden Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.4.8.2. Key Country Dynamics
- 7.4.8.3. Competitive Scenario
- 7.4.8.4. Regulatory Framework
- 7.4.9. Norway
- 7.4.9.1. Norway Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.4.9.2. Key Country Dynamics
- 7.4.9.3. Competitive Scenario
- 7.4.9.4. Regulatory Framework
- 7.5. Asia Pacific
- 7.5.1. Asia Pacific Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.5.2. Japan
- 7.5.2.1. Japan Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.5.2.2. Key Country Dynamics
- 7.5.2.3. Competitive Scenario
- 7.5.2.4. Regulatory Framework
- 7.5.3. China
- 7.5.3.1. China Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.5.3.2. Key Country Dynamics
- 7.5.3.3. Competitive Scenario
- 7.5.3.4. Regulatory Framework
- 7.5.4. India
- 7.5.4.1. India Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.5.4.2. Key Country Dynamics
- 7.5.4.3. Competitive Scenario
- 7.5.4.4. Regulatory Framework
- 7.5.5. South Korea
- 7.5.5.1. South Korea Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.5.5.2. Key Country Dynamics
- 7.5.5.3. Competitive Scenario
- 7.5.5.4. Regulatory Framework
- 7.5.6. Australia
- 7.5.6.1. Australia Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.5.6.2. Key Country Dynamics
- 7.5.6.3. Competitive Scenario
- 7.5.6.4. Regulatory Framework
- 7.5.7. Thailand
- 7.5.7.1. Thailand Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.5.7.2. Key Country Dynamics
- 7.5.7.3. Competitive Scenario
- 7.5.7.4. Regulatory Framework
- 7.6. Latin America
- 7.6.1. Latin America Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.6.2. Brazil
- 7.6.2.1. Brazil Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.6.2.2. Key Country Dynamics
- 7.6.2.3. Competitive Scenario
- 7.6.2.4. Regulatory Framework
- 7.6.3. Mexico
- 7.6.3.1. Mexico Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.6.3.2. Key Country Dynamics
- 7.6.3.3. Competitive Scenario
- 7.6.3.4. Regulatory Framework
- 7.6.4. Argentina
- 7.6.4.1. Argentina Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.6.4.2. Key Country Dynamics
- 7.6.4.3. Competitive Scenario
- 7.6.4.4. Regulatory Framework
- 7.7. MEA
- 7.7.1. MEA Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.7.2. South Africa
- 7.7.2.1. South Africa Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.7.2.2. Key Country Dynamics
- 7.7.2.3. Competitive Scenario
- 7.7.2.4. Regulatory Framework
- 7.7.3. Saudi Arabia
- 7.7.3.1. Saudi Arabia Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.7.3.2. Key Country Dynamics
- 7.7.3.3. Competitive Scenario
- 7.7.3.4. Regulatory Framework
- 7.7.4. UAE
- 7.7.4.1. UAE Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.7.4.2. Key Country Dynamics
- 7.7.4.3. Competitive Scenario
- 7.7.4.4. Regulatory Framework
- 7.7.5. Kuwait
- 7.7.5.1. Kuwait Non-Magnetic Wheelchair Market, 2018 - 2030 (USD Million)
- 7.7.5.2. Key Country Dynamics
- 7.7.5.3. Competitive Scenario
- 7.7.5.4. Regulatory Framework
- Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Strategy Mapping
- 8.3. Company Profiles/Listing
- 8.3.1. GF Health Products, Inc.
- 8.3.1.1. Overview
- 8.3.1.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.3.1.3. Product Benchmarking
- 8.3.1.4. Strategic Initiatives
- 8.3.2. Magmedix Inc.
- 8.3.2.1. Overview
- 8.3.2.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.3.2.3. Product Benchmarking
- 8.3.2.4. Strategic Initiatives
- 8.3.3. MRIequip.com
- 8.3.3.1. Overview
- 8.3.3.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.3.3.3. Product Benchmarking
- 8.3.3.4. Strategic Initiatives
- 8.3.4. Newmatic Medical
- 8.3.4.1. Overview
- 8.3.4.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.3.4.3. Product Benchmarking
- 8.3.4.4. Strategic Initiatives
- 8.3.5. AliMed
- 8.3.5.1. Overview
- 8.3.5.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.3.5.3. Product Benchmarking
- 8.3.5.4. Strategic Initiatives
- 8.3.6. Innovative Products Unlimited, Inc.
- 8.3.6.1. Overview
- 8.3.6.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.3.6.3. Product Benchmarking
- 8.3.6.4. Strategic Initiatives
- 8.3.7. Nanning Hhao Technology Co., Ltd
- 8.3.7.1. Overview
- 8.3.7.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.3.7.3. Product Benchmarking
- 8.3.7.4. Strategic Initiatives
- 8.3.8. Matsunaga
- 8.3.8.1. Overview
- 8.3.8.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.3.8.3. Product Benchmarking
- 8.3.8.4. Strategic Initiatives
- 8.3.9. Hebei Webian Medical Instrument Co., Ltd
- 8.3.9.1. Overview
- 8.3.9.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.3.9.3. Product Benchmarking
- 8.3.9.4. Strategic Initiatives
- 8.3.10. Jiangsu Rooe Medical Technology Co., Ltd
- 8.3.10.1. Overview
- 8.3.10.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.3.10.3. Product Benchmarking
- 8.3.10.4. Strategic Initiatives
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