Electric Wheelchair Market New Developments and Strategies 2030

Electric Wheelchair Market New Developments and Strategies 2030 The global electric wheelchair market is poised for substantial growth in the coming years, with a projected Compound Annual Growth Rate (CAGR) of 10% between 2023 and 2030. This robust growth is expected to drive the market's valuation to reach a remarkable US$7.5 billion by the end of 2030, according to a comprehensive market analysis.

Market Analysis in Brief Electric wheelchairs, also known as power chairs or motorized wheelchairs, have revolutionized mobility for individuals with disabilities. These wheelchairs are powered by electric motors and batteries, making them highly maneuverable with the use of a joystick. They consist of two main components: the mobility base and the seating system, with various customizable features and performance settings.

Recent advancements in technology have ushered in a new era for electric wheelchairs, reducing the need for manual intervention by caregivers. Handheld devices and automatic controls integrated into the wheelchair allow for easy adjustments by the user. Notably, AI-enhanced wheelchairs have entered the market, enabling users with impairments to control them using facial expressions, such as raising their eyebrows or sticking out their tongues.

Key Report Findings 

Growing Burden of Disabilities: The increasing prevalence of neurological disorders and the aging population, which is more susceptible to orthopedic ailments, are major drivers of market expansion.



Mid-Wheel Drive Dominance: Center/mid-wheel drive types remain popular in the electric wheelchair market due to their small turning radius and improved stability.



Hospital Sector Leading: In 2022, the hospital sector held the highest market revenue share, driven by the immediate need for wheelchairs following accidents or disabilities.



North America at the Forefront: North America is expected to lead the market, while the Asia Pacific region is anticipated to experience significant growth until 2030.

Growth Drivers 

Growing Burden of Disabilities: The rising incidence of disabilities, attributed to factors such as non-communicable diseases, accidents, and injuries, has led to increased demand for electric wheelchairs. Hospitals and healthcare institutions are investing in advanced technologies like electric wheelchairs to meet this growing demand.



Increasing Life Expectancy: With a growing elderly population worldwide, the demand for electric wheelchairs is expected to rise due to co-morbid conditions, chronic illnesses, and disabilities associated with aging. The global elderly population is projected to reach 1.4 billion in 2030, further fueling market growth.

Growth Challenges 

High Price Point: The wide range of electric wheelchair models, from lightweight to bariatric, affects pricing. While lightweight models are more affordable, insurance coverage is often limited. Bariatric power wheelchairs are typically covered by insurance due to medical

necessity but come at a higher cost. Maintenance and ongoing usage costs also add to the challenge of affordability.

Overview of Key Segments 

Mid-Wheel Drive Dominance: Center/mid-wheel drive electric wheelchairs lead the market due to their small turning radius and improved stability. Front-wheel drive types are also gaining popularity, particularly for indoor use.



Hospitals Create Ample Opportunity: Hospitals have been the primary users of electric wheelchairs, providing immediate access to patients in need. However, the personal segment is expected to grow significantly, driven by the advantages of home care for individuals with chronic diseases.

Growth Opportunities Across Regions 

North America Spearheads: The well-developed healthcare system in North America, coupled with a large elderly population, contributes to the region's high market share. The United States, in particular, boasts significant manufacturers and a growing demand for electric wheelchairs.



Asia Pacific to Grow Stronger: The Asia Pacific region is poised for rapid growth, driven by its sizable population, advancements in medical facilities, and government initiatives to provide top-notch mobility equipment. China, with its aging population, and India, with a rising number of traffic accidents, are key markets in the region.

Electric Wheelchair: Competitive Landscape Leading players in the electric wheelchair market include Sunrise Medical Limited, Invacare Corporation, Permobil AB, OttoBock Healthcare, Pride Mobility Products Corp., Drive Medical Ltd, LEVO Ag, MEYRA GmbH, Karman Healthcare, GF Health Products, and Golden Technologies.

Global Electric Wheelchair Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By End User Coverage, By Geographic Coverage and By Company): https://www.fairfieldmarketresearch.com/report/electric-wheelchair-market

Our Related Reports: Electric Wheelchair Market:

https://www.linkedin.com/pulse/electric-wheelchair-market-trends-size-analysis-forecastrajawat-snvef

About Us Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick

responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the everchanging needs of customers are met with absolute promptness.

Contact Fairfield Market Research London, UK UK +44 (0)20 30025888 USA (Toll-free) +1 (844) 3829746 Web: https://www.fairfieldmarketresearch.com/ Email: sales@fairfieldmarketresearch.com LinkedIn | Twitter