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.
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
Related Press
Release @ Powered Wheelchair Market Report
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
Powered Wheelchair Market Report
Scope
|
Report Attribute |
Details |
|
Market size value in 2024 |
USD 2.15 billion |
|
Revenue forecast in 2030 |
USD 3.21 billion |
|
Growth rate |
CAGR of 6.9% from 2024 to 2030 |
|
Actual data |
2018 - 2023 |
|
Forecast period |
2024 - 2030 |
Request For A Free Consultation @ https://www.grandviewresearch.com/request-free-consultation/452588/rfc
Powered Wheelchair Market Segmentation
Grand
View Research has segmented the global powered wheelchair market based on age
category, product, portability, end-use, and region:
Powered Wheelchair Age Category Outlook (Revenue, USD
Million, 2018 - 2030)
- Adult
- Pediatric
Powered Wheelchair Product Outlook (Revenue, USD Million,
2018 - 2030)
- Front-wheel
Drive
- Mid-wheel
Drive
- Rear-wheel
Drive
- Others
Powered Wheelchair Portability Outlook (Revenue, USD
Million, 2018 - 2030)
- Standalone
- Portable
Powered Wheelchair End-use Outlook (Revenue, USD Million,
2018 - 2030)
- Homecare
- Hospitals
- Ambulatory
Surgical Centers
- Rehabilitation
Centers
Powered Wheelchair Regional Outlook (Revenue in USD
Billion 2018 - 2030)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Thailand
- Latin
America
- Brazil
- Mexico
- Argentina
- Middle East
& Africa
- Saudi
Arabia
- South
Africa
- UAE
- Kuwait
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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