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Electric and Non-Electric Wheel Chair Market Size Worth $9.1 Billion By 2030: IndustryARC

Aug 28, 2024 7:55 AM ET

Electric and Non-Electric Wheel Chair Market Size Worth $9.1 Billion By 2030: IndustryARC

Electric and Non-Electric Wheel Chair Market size is predicted to reach $9.1 billion by 2030, growing at a CAGR of 10.2% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The Electric and Non-Electric Wheelchair Market is experiencing robust growth, driven by rising demand for enhanced mobility solutions among aging populations and individuals with disabilities. Technological advancements in electric wheelchairs, such as improved battery life and innovative control systems, are further boosting market appeal. Additionally, increased awareness and accessibility, coupled with government initiatives to provide support and subsidies for mobility devices, are key factors propelling market expansion. The growing trend towards personalized healthcare solutions and the desire for greater independence among users are also contributing to the market’s dynamic growth, making it a vital segment within the broader healthcare industry, finds IndustryARC in its recent report, titled “Electric and Non-Electric Wheel Chair Market – By Type (Electric Wheel Chair (Centre Wheel Drive Electric Wheel Chair, Front Wheel Drive Electric Wheel Chair, Standing Electric Wheel Chair, Rear Wheel Drive Electric Wheel Chair, Others), Non-Electric Wheel Chair), By End User (Hospitals, Rehab Centers, Home, Sports and Athletics, Others), By Geography (North America, South America, Asia Pacific, Europe and RoW) – Global Opportunity Analysis & Industry Forecast, 2024-2030”

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Asia Pacific to Register Highest Growth:

The Asia Pacific is anticipated to experience the highest Growth of CAGR 10.3% in the Electric and Non-Electric Wheel Chair Market between 2024 and 2030. The Asia Pacific region is poised to register the highest growth in the electric and non-electric wheelchair market, driven by several key factors. The region’s rapidly aging population, coupled with increasing awareness and adoption of advanced mobility solutions, is fueling demand. Governments across countries like China and India are implementing supportive healthcare policies and infrastructure improvements, enhancing accessibility for individuals with mobility impairments. Additionally, the growing middle-class population, with increasing disposable income, is leading to higher spending on healthcare and assistive devices. The market is also witnessing innovations in design and technology, catering to the diverse needs of users. In march 2024, Indian Institute of Technology Madras (IIT Madras) has developed India’s most customizable Electric Standing Wheelchair, which has been developed indigenously for the benefit of wheelchair users Furthermore, the rise in medical tourism, particularly in countries like Thailand and Malaysia, is contributing to market expansion. Overall, the Asia Pacific region presents a dynamic and promising landscape for the growth of the electric and non-electric wheelchair market.

Electric and Non-Electric Wheel Chair Market 2024-2030: Scope of the Report

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

10.2%

Market Size in 2030

$9.1 Billion

Segments Covered

Type, End User, and Region

Geographies Covered

North America, South America, Asia Pacific, Europe and RoW

Key Market Players

Invacare Corporation

OttoBock Healthcare GmbH

Permobil AB

Pride Mobility Products Corporation

Sunrise Medical Inc.

MEYRA

Shanghai BangBang Robotics Co., Ltd.

Yamaha Motor Co., Ltd.

WHILL Inc.

Cofoe Medical Technology Co., Ltd

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Electric and Non-Electric Wheel Chair Market Report – Key Takeaways:

Centre Wheel Drive Electric Wheel Chair Segment to Register Highest Growth

By Type, Centre Wheel Drive Electric Wheel Chair segment is analyzed to grow with the highest CAGR of 10.2% during the forecast period 2024-2030. The Centre Wheel Drive (CWD) electric wheelchair segment is poised to experience significant growth in the electric and non-electric wheelchair market. This segment’s popularity stems from its superior maneuverability and compact design, allowing users to navigate tight spaces with ease. CWD wheelchairs provide a balanced weight distribution, enhancing stability and comfort, which appeals to a broad spectrum of users, including those with severe mobility challenges. The increasing demand for advanced mobility solutions, coupled with rising awareness and acceptance of these technologies, is driving the segment’s expansion. Furthermore, innovations in battery technology and design are making CWD electric wheelchairs more accessible and user-friendly. The market’s focus on enhancing user experience, combined with supportive government policies and the aging global population, positions the CWD segment as a leader in future market trends.

Hospitals Segment is Leading the Market

Hospitals segment held a major market share in 2023 and is analyzed to continue its dominance over the market growing at CAGR 11.1% during the forecast period 2024-2030. The hospitals segment is emerging as a dominant force in the electric and non-electric wheelchair market. This growth is driven by the rising demand for mobility aids in medical facilities, where the need for efficient patient transportation and rehabilitation equipment is critical. Hospitals are increasingly investing in advanced wheelchair technologies to enhance patient care, safety, and comfort. The adoption of electric wheelchairs, in particular, is becoming more prevalent due to their ease of use, especially for patients with limited mobility. Moreover, the focus on providing inclusive healthcare services has prompted hospitals to diversify their wheelchair offerings, catering to a wide range of patient needs. As a result, the hospitals segment is setting a benchmark in the market, leveraging technological advancements and patient-centric approaches to establish itself as a key player in the mobility aids sector.

Limited Battery Life and Charging Infrastructure as A Major Challenge

Limited battery life and inadequate charging infrastructure are significant challenges in the electric wheelchair market. As users increasingly rely on electric wheelchairs for mobility, the constraints of current battery technology, such as short range and long charging times, become more apparent. This limitation often restricts the independence of users, as they may need to plan their activities around available charging points. Additionally, the lack of widespread and accessible charging infrastructure exacerbates the issue, especially in rural or underdeveloped areas where charging facilities are scarce. This situation not only impacts the convenience and usability of electric wheelchairs but also poses a barrier to broader market adoption. Consequently, addressing these challenges is crucial for enhancing user experience and expanding market reach in the electric wheelchair industry.

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Key Opportunity Analysis:

Increasing Demand for Customizable Wheelchairs

The increasing demand for customizable wheelchairs represents a significant growth opportunity in the electric and non-electric wheelchair market. Consumers today seek personalized solutions that cater to individual needs, such as ergonomic design, advanced control options, and tailored aesthetics. This trend is driven by a growing awareness of mobility solutions and a desire for products that offer not only functionality but also comfort and style. Customization allows users to select features that enhance their daily activities and improve their quality of life. Manufacturers who can offer adaptable designs and incorporate the latest technologies are likely to gain a competitive edge. As the population ages and more individuals seek mobility assistance, the market for customizable wheelchairs is poised for expansion, with potential for innovation in both electric and manual categories.

Collaborations Between Manufacturers and Healthcare Providers

Collaborations between manufacturers and healthcare providers present a significant growth opportunity in the electric and non-electric wheelchair market. By fostering partnerships, manufacturers can gain valuable insights into patient needs and preferences, which can drive innovations in design and functionality. Healthcare providers, in turn, benefit from access to cutting-edge technology and tailored solutions that enhance patient care. These collaborations can lead to the development of more personalized and efficient mobility solutions, addressing specific requirements of diverse patient populations. Moreover, joint initiatives can streamline the integration of new technologies into clinical practice, promoting greater adoption and satisfaction. This synergy not only enhances product offerings but also strengthens market positions for both manufacturers and healthcare providers, driving mutual growth and improving overall healthcare outcomes.

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The Report also Covers the Following Areas:

  • Electric and Non-Electric Wheel Chair Market Size and Forecast
  • Electric and Non-Electric Wheel Chair Market Trends
  • Electric and Non-Electric Wheel Chair Market Analysis by Type

Electric and Non-Electric Wheel Chair Market 2024-2030: Key Highlights

  • CAGR of the market during the forecast period 2024-2030
  • Value Chain analysis of key stake holders
  • Detailed analysis of market drivers and opportunities during the forecast period
  • Electric and Non-Electric Wheel Chair Market size estimation and forecast
  • Analysis and predictions on end users’ behavior and upcoming trends
  • Competitive landscape and Vendor market analysis including offerings, developments, and financials
  • Comprehensive analysis of challenges and constraints in the Electric and Non-Electric Wheel Chair Market

Covid and Ukrainian Crisis Impact:

The COVID-19 pandemic significantly influenced the electric and non-electric wheelchair market by disrupting supply chains and increasing demand for home care solutions. As healthcare systems prioritized urgent needs, the pandemic accelerated the adoption of telehealth and remote healthcare services, highlighting the essential role of mobility aids. Additionally, heightened awareness of infection control and the need for personal health prompted a shift towards more advanced and customizable wheelchair solutions, impacting market dynamics.

The Russia-Ukraine conflict has disrupted global supply chains, significantly affecting the electric and non-electric wheelchair market. Production delays and increased material costs have been prevalent, while heightened geopolitical risks have led to volatility in trade and investment. This situation has strained manufacturers’ ability to meet demand, leading to challenges in product availability and pricing, ultimately impacting end-user accessibility and market stability.

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List of Key Market Players in Electric and Non-Electric Wheel Chair Market:

The Electric and Non-Electric Wheel Chair Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

  1. Invacare Corporation
  2. OttoBock Healthcare GmbH
  3. Permobil AB
  4. Pride Mobility Products Corporation
  5. Sunrise Medical Inc.
  6. MEYRA
  7. Shanghai BangBang Robotics Co., Ltd.
  8. Yamaha Motor Co., Ltd.
  9. WHILL Inc.
  10. Cofoe Medical Technology Co., Ltd

Related Reports:

Smart Wheelchair Market is rapidly growing, driven by advancements in AI, IoT, and assistive technologies, enhancing mobility and independence for users.

Manual Wheelchair Market remains steady, supported by demand for cost-effective mobility solutions, particularly in developing regions.

Active Wheelchair Market size is estimated at $2.89 million in 2030, projected to grow at a CAGR of 4.3% during the forecast period 2024-2030.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. 

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.

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IndustryARC

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Contact Information:

Mr. Venkat Reddy Email: [email protected] USA: (+1) 518-282-4727



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