The electric wheelchair market description and advantages: Electric wheelchairs or power wheelchairs provide independent mobility assistance to individuals with disabilities or limited mobility. Powered by rechargeable batteries, electric wheelchairs are maneuverable, lightweight, and come equipped with features like adjustable seat height, removable armrests, cup holders, powered seat functions, and anti-tip wheels for added safety. They offer a convenient mode of transportation for users with conditions like paralysis, arthritis, spinal cord injuries, multiple sclerosis, and older adults with reduced mobility. The growing geriatric population prone to age-related mobility issues is driving demand for these assistive devices.
The Global Electric Wheelchair Market is estimated to be valued at US$ 8.71 Billion in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the electric wheelchair market are Invacare Corporation, Sunrise Medical (US) LLC, Permobil Inc., Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Hoveround Corporation, Ottobock Healthcare, 21st Century Scientific, Inc., Meyra GmbH, LEVO AG, Merits Co. Ltd., Segway Inc., Scewo, GF Health Products Inc., Karman Healthcare, Inc., KYMCO Healthcare, SOWECARE B.V, and Nanjing Jin Bai He Medical Apparatus Co., Ltd. Invacare Corporation currently leads the market with its wide product portfolio and global presence.
The growing prevalence of mobility-limiting health conditions and injuries worldwide is fueling demand for electric wheelchairs. As per estimations, over 1 billion people globally suffer from some form of disability. The rapidly growing geriatric population also increases the risk of age-related disorders like arthritis further driving sales.
Technological advancements are allowing electric wheelchairs to perform additional functions beyond basic mobility. Features like obstacle detection, phone charging ports, Bluetooth connectivity, seat elevation, and climber functions are becoming common. Lithium-ion batteries with longer lives and faster charging are also gaining traction in the market.
Market Trends
– Modular design wheelchairs are gaining popularity as they offer enhanced customization as per user needs. Parts can be interchanged easily for portability.
– Foldable and lightweight electric wheelchairs are seeing higher demand due to ease of transport and storage. They are convenient for travel and outdoor use.
– Artificial intelligence (AI) and Internet of Things (IoT) integration is allowing functions like voice command, remote operation, and performance monitoring of electric wheelchairs. This improves convenience.
Market Opportunities
– The demand for premium multifunction electric wheelchairs is growing from higher-income users seeking advanced features. There is scope for innovations in seating functions, climbability, obstacle detection etc.
– Growing medical tourism in developing nations presents an opportunity to increase electric wheelchair exports from global medtech companies. Strategic partnerships can aid business expansion.
Impact of COVID-19 on Electric Wheelchair Market Growth
The COVID-19 pandemic has adversely impacted the growth of the electric wheelchair market initially during 2020. Government imposed lockdowns and supply chain disruptions hampered market penetration. Many healthcare facilities delayed elective procedures and redirected resources towards COVID-19 management. This reduced demand for electric wheelchairs from healthcare and long-term care centers. However, with widespread vaccination programs and reopening of economies, the market has recovered gradually post-2021. Geriatric population continues to drive utilization as their mobility needs remain constant irrespective of pandemic conditions.
North America dominates the electric wheelchair market in terms of value. The region accounted for over 35% share of the global market in 2024 due to presence of advanced healthcare infrastructure and favorable insurance coverage. High adoption rates in the US and Canada ensure sustained demand. Rapid aging demographics also support market growth as elderly experience loss of mobility at a higher rate. Europe ranks second largest region globally led by Germany, UK, France and Italy where needs of wheelchair-bound patients are well addressed.
Asia Pacific exhibits fastest growth for electric wheelchair market propelled by large untapped opportunities in China and India. Rising incomes, growing medical tourism and increased health spending are enabling greater affordability and accessibility of electric wheelchairs. Japan, South Korea and Australia also contribute substantially to regional market expansion aided by well-established distribution networks of international brands. Improving standards of living and evolving lifestyles are fostering healthy market development across emerging Asian countries.
With COVID-19 exacerbating mobility issues for many vulnerable groups, providing adequate access to assistive products becomes critical. Stakeholders must focus on strengthening supply chains, building local manufacturing capacities, training more rehabilitation professionals and creating awareness to address mobility challenges faced by disabled community worldwide in sustainable manner.
