Electric Wheelchair Market will attain US$ 6.60 Billion by the use of 2030, according to the publisher. The electric wheelchair is based totally on batteries and vehicles to facilitate movement while electric powered electricity is provided. Typically, a joystick is applied to choose the favored route of motion. It is a device powered through using power that permits human beings to transport without issues. Additionally, a ball option is available to stop the motor at the same time as electricity is supplied through batteries or alternating present day. There has been a massive surge within the demand for these superior machines, main to a rapid enlargement in the electric powered wheelchair Market.Electric Wheelchair Market size was valued at US$ 3.35 billion in 2022
According to the World Health Organization's information, the percentage of elderly people 65 and older is projected to double, growing from 7% in 2000 to 16% thru 2050. During this period, the aged population is anticipated to outnumber youngster’s aged 0-14 years. Consequently, this growing aged demographic is poised to offer an opportunity for the big adoption of electrical wheelchairs in the global market.
Electric Wheelchair Market will grow at a CAGR of 8.85% in the forecast period (2022-2030)
Rising accident rates serve as an extensive catalyst for the growth of the electrical wheelchair market, mainly due to injuries regularly effects in temporary or everlasting disabilities. The venture of manually moving sufferers to essential places similar to the rest room can be exhausting for caregivers. According to World Health Organization (WHO), every year approx. 50 million individual’s injuries stemming from road accidents worldwide. Electric wheelchairs offer a stable and comfortable way of shifting patients from one place to other. Consequently, the growing occurrence of accidents is expected to power the growth of the electric wheelchair market in the foreseeable future. Nonetheless, the shortage satisfactory healthcare and infrastructure in growing areas remains an obstacle to the market increase.Challenges include low shopping power, lack of data, and insufficient healthcare services in low-profits countries, which obstruct Market enlargement. Additionally, efforts to decorate electric powered wheelchair sturdiness for accommodating overweight people can negatively have an impact on overall performance and strength consumption. Nevertheless, fast technological improvements purpose to combine those computerized machines into society, reduce dependence on man or woman caregivers and selling unbiased motion.
The severe symptoms of the pandemic made it difficult for plenty to go long distances, and it made terrific use of energy wheelchairs. These advanced wheelchairs had been followed with the aid of hospitals and healthcare centers for the ease and safety of patients in the course of switch. Increasing aging populace, specifically in vintage age home has also boosted the growth of the market. Increased use of electrical wheelchair in orthopedic clinics and hospitals are being a mobility concern, mainly because of the rise in orthopedics and joint alternative surgical treatment. Electric Wheelchair Market size was valued at US$ 3.35 billion in 2022.
Center Wheel Drive (CWD) configuration reins remaining in the electric powered wheelchair industry
Based on product type, the global electric wheelchair Market is segregated into Center wheel drive, front wheel drive, rear wheel drive, status electric powered wheelchair, and others. In the Above 60 Years is the quickest growing on this phase, the Center Wheel Drive (CWD) layout reigns wonderful, because of its unique blessings. Placing the main electricity wheel below the individual's middle of gravity, CWD models excel in maneuverability and boast a compact turning radius. This makes them perfect for indoor use, negotiating tight regions, and navigating doors, in particular valuable in houses and healthcare settings.Additionally, CWD wheelchairs prioritize rider comfort and safety with the resource of making sure a balanced, sturdy trip with reduced danger of tipping. Technological improvements have in addition more potent CWD wheelchair ordinary overall performance and versatility, solidifying their main position inside the Market. As person revels in and accessibility takes center stage, the Center Wheel Drive configuration is poised to hold its dominance within the electric powered wheelchair industry.
Above 60 Years is the fastest developing inside the electric wheelchair Market
By Age Group, Global Electric Wheelchair Market is break up into below 20, 21 to 60 years and Above 60 Years. The above-60-years age organization holds the pleasant market proportion in the electric powered wheelchair industry, reflecting a developing demand among senior residents for mobility solutions that enhance their independence and nice of life.Electric wheelchairs offer a convenient and eco friendly manner of transportation for seniors, letting them navigate both indoor and outside environments pretty absolutely. These devices are organized with numerous competencies which encompass ease of manipulate, safety mechanisms, and comfortable seating, catering to the precise goals and challenges faced with the aid of using older individuals. Electric wheelchairs have turn out to be critical equipment for reinforcing their fine of lifestyles, letting them keep independence and have interaction in day by day activities comfortably. With an getting old populace and a more emphasis on ageing in vicinity, the electrical wheelchair marketplace is well-placed to maintain its rapid increase, catering to the mobility desires of seniors and making sure their persevered mobility and independence.
Hospitals are anticipated to maintain being a key Market for electric powered wheelchairs, making sure their prominence within the agency in the future years
By End User, the global electric powered wheelchair market is assessed into Hospitals, Clinics and Care Homes. Hospitals are predicted to stay a pivotal market section for electric wheelchairs, securing their enduring significance within the enterprise inside the coming years. These healthcare establishments depend upon electric powered wheelchairs to provide essential mobility answers for sufferers with various degrees of mobility impairment. The blessings of electric wheelchairs, which include ease of maneuverability and patient comfort, cause them to imperative in hospitals for duties like affected person transportation in the facility. With the healthcare sector constantly evolving and developing, the demand for electric wheelchairs is expected to persist, reaffirming their crucial function in ensuring efficient affected person care and mobility within the medical field.United States electric powered wheelchair Market, pivotal in healthcare and assistive tech, will probable live dynamic, serving several user wishes
By Countries, the global electric wheelchair marketplace is break up into United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, New Zealand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, Turkey, UAE and Rest of World. The United States electric powered wheelchair market holds a pivotal position within the healthcare and assistive technology sectors, and it is poised to preserve its dynamism in the foreseeable future. These electric wheelchairs play a crucial function in improving the mobility and independence of people with disabilities, serving various person wishes across the country. With non-stop advancements in generation and a growing aging population, the market is predicted to witness sustained growth. This increase might be fueled by improvements in features, along with improved maneuverability and connectivity options, as well as a commitment to improving the first-class of existence for the ones reliant on electric powered wheelchairs in the United States.Innovations along with advanced controls, ergonomic designs, and connectivity options beautify consumer independence. Government suggestions selling accessibility in education and public areas enhance adoption. Sustainability trends purpose eco-aware wheelchair functions. The aggressive panorama emphasizes innovation to cater to diverse consumer wishes. This market remains pivotal in the U.S. Healthcare and assistive technology sectors.
Key Players
Invacare Corporation, Dassault System SA, Sunrise Medical, Karman Healthcare Inc, Pride, Mobility Products Corp, Permobil AB, Sermax Mobility Ltd and Carex Health Brands Inc are the main player in Global Electric Wheelchair Market.The report titled 'Electric Wheelchair Market, Global Forecast By Product (Center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchair, and others), Age group (Below 20 years, 21 to 60 years and Above 60 Years), End Users (Hospitals, Clinics and Care Homes), Geography (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa& ROW), Companies (Invacare Corporation, Dassault System SA, Sunrise Medical, Karman Healthcare Inc, Pride, Mobility Products Corp, Permobil AB, Sermax Mobility Ltd and Carex Health Brands Inc)' studies the Electric Wheelchair Industry.
Product Type - Market have been covered from 5 viewpoints:
1. Centre Wheel Drive2. Front Wheel Drive
3. Rear Wheel Drive
4. Standing Electric Wheelchair
5. Others
Age group - Market have been covered from 3 viewpoints:
1. Below 20 years2. 21 to 60 years
3. Above 60 Years
End Users - Market have been covered from 3 viewpoints:
1. Hospitals2. Clinics
3. Care Homes
Region - Market have been covered from 6 viewpoints:
1. North America
1.1 United States1.2 Canada
2. Europe
2.1 France2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia5.2 UAE
5.3 South Africa
6. Rest of the World
Company Insights:
- Overview
- Recent Development
- Revenue
Company Analysis:
1. InvacareCorporation2. Dassault System SA
3. Sunrise Medical
4. Karman Healthcare Inc
5. Pride Mobility Products Corp
6. Permobil AB
7. Sermax Mobility Ltd
8. Carex Health Brands Inc
Table of Contents
1. Introduction2. Research & Methodology3. Executive Summary5. Global Electric Wheelchair Market
4. Market Dynamics
6. Market Share - Global Electric Wheelchair Market
7. Product Type - Global Electric Wheelchair Market
8. Age group - Global Electric Wheelchair Market
9. End Users - Global Electric Wheelchair Market
10. Countries - Global Electric Wheelchair Market
11. Porter’s Five Forces Analysis - Global Electric Wheelchair Market
12. SWOT Analysis - Global Electric Wheelchair Market
13. Key Players Analysis
List of Figures
List of Tables
Companies Mentioned
- InvacareCorporation
- Dassault System SA
- Sunrise Medical
- Karman Healthcare Inc
- Pride Mobility Products Corp
- Permobil AB
- Sermax Mobility Ltd
- Carex Health Brands Inc
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 3.35 Billion |
| Forecasted Market Value ( USD | $ 6.6 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
