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The electric wheelchair is powered by small electric motors to aid mobility for those unable to walk due to illness, injury, or disability. Electric wheelchairs come equipped with rechargeable batteries, remote controls, automatic braking, and tilt systems for navigation. These wheelchairs have revolutionized independent living by empowering users with freedom of movement both indoors and outdoors.
The global electric wheelchair market is estimated to be valued at US$ 8.71 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Technological advancements are expected to drive the electric wheelchair market growth over the forecast period. The introduction of innovative features like smartphone apps, fall detection, and pressure mapping are enhancing usability. For instance, Permobil offers electric wheelchairs integrated with iPhone technology allowing users to control various functions via an app. Growing research into exoskeleton suits is also expected to transform mobility solutions by enabling users to stand and walk with assistance. Additionally, miniaturization of electronic components is enabling the development of foldable and portable power chairs expanding usage in outdoor environments and transportation. However, the high cost associated with electric wheelchairs is a major factor limiting widespread adoption.
Segment Analysis
The global electric wheelchair market is segmented on the basis of product type into center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchair and others. Among these, the center wheel drive segment dominates the market and accounts for over XX% share in 2024 owing to its easy maneuverability and stability advantages over other product types.
PEST Analysis
Political: The governments across regions are implementing various regulations to improve the mobility and independence of disabled people through initiatives supporting electric wheelchairs.
Economic: Rising income levels and increasing healthcare spending are fueling the sales of electric wheelchairs. Higher medicare and insurance coverage for disabilities is further boosting the market growth.
Social: Growing awareness about various disabilities and the availability of assistive devices is positively impacting the electric wheelchair market. The rising geriatric population prone to disabilities also drives the demand.
Technological: Manufacturers are investing in R&D to develop innovative products with advanced features such as lightweight and durable frames, long-lasting batteries, anti-topple design, automated driving modes etc.
Key Takeaways
The global electric wheelchair market is expected to witness high growth over the forecast period of 2024 to 2031 supported by rising disability rates and improved healthcare infrastructure across regions. The global electric wheelchair market is estimated to be valued at US$ 8.71 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031.
Regional analysis comprising – North America represents the largest and fastest growing regional market for electric wheelchairs owing to presence of major players, favorable insurance policies and growing disabled population in the US and Canada.
Key players operating in the electric wheelchair market are Invacare Corp, Sunrise Medical LLC, Permobil, Pride Mobility Products Corp, Ottobock, MEYRA GmbH, Matsunaga Manufactory Co, Karma Medical Products Co and Drive Medical Ltd. Key players are focused on developing innovative user-friendly electric wheelchairs with smart features.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
