Wheelchairs Market Size Worth $9.1 Billion By 2030: IndustryARC

Global Wheelchairs Market size is predicted to reach $9.1 Billion by 2030, growing at a CAGR of 10.2% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. The growth of the Wheelchairs Market can be attributed to increasing applications of Electric wheelchairs in homes, hospitals, rehab centers, sports and athletics, and others. The Wheelchairs Market is anticipated to rise with the adoption of new technologies such as AI in the manufacture of self-driving electric wheelchairs for airport passengers, sports, and other applications, finds IndustryARC in its recent report, titled “Wheelchairs 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 (Patient Transfer, Pelvic Positioning, Upper Body Positioning, Lower Body Positioning), Rehab Centers, Home (Manual Mobility, Powered Mobility, Corpus Seating), Sports and Athletics (Motocross racing, Basketball, Rugby, Wheelchair Curling, Lawn Tennis, Others), Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030”

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North America to Register Highest Growth:

In 2023, North America dominated the Wheelchairs market with largest share of 32%. and the usage of Electric wheelchairs has been increasing in hospitals and homes owing to a rise in advanced healthcare facilities. According to the Population Reference Bureau, it is predicted that the number of Americans 65 and older will climb by 47%, from 58 million in 2023 to 82 million in 2050, and that their proportion of the overall population will increase from 17% to 23%. Data from 2023 show that there are approximately 58 million adults in the United States who are 65 years of age or older, making up 17.3% of the total population. Advanced healthcare facilities and high adoption of electric wheelchairs by disabled and aged people in the U.S., Canada and Mexico are set to drive the demand for electric wheelchairs in the North American region.

Wheelchairs Market 2023-2030: Scope of the Report

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Wheelchairs Market Report – Key Takeaways:

• Growing Demand for Advanced Electric Wheel Chairs from the Sports Industry

Electric wheelchairs are used in sports activities such as power wheelchair football, power wheelchair hockey and others. For instance, in 2023, those hosting Over 300 wheelchair basketball players from around the world, representing 16 men’s and 12 women’s teams, will gather in the United Arab Emirates for the showcase tournament, which will span twelve days of competition. In October 2023, the world’s top inventor in daily wheelchairs and made-to-measure sports, RGK Wheelchairs, announced its cooperation with the International Wheelchair Basketball Federation (IWBF). The wheelchair races at the 2022 London Marathon will be the richest in history owing to a $57,800 increase in the total prize fund. All these factors are contributing to the growth of the market.

• Aging Population

The aging population is a crucial driver of the wheelchairs market, as the number of elderly individuals continues to rise globally. With increasing life expectancy, the proportion of older adults in the population is growing, particularly in developed regions such as North America, Europe, and parts of Asia. This demographic shift leads to a higher prevalence of age-related mobility impairments and disabilities, such as arthritis, osteoporosis, and reduced muscle strength, which often necessitate the use of wheelchairs. The need for mobility aids among the elderly is further driven by their desire to maintain independence and improve their quality of life. According to United Nations Statistics, Globally, the proportion of people 65 and older is predicted to increase from 10% in 2023 to 16% in 2050. Also in 2023, women made up 55.7% of people 65 years of age or older worldwide. The growing elderly population and people with disabilities are set to increase the adoption of electric wheel wheelchairs, as these chairs are suitable to drive on an inclined plane, soft terrains, grass, or uneven gravel with less requirement of human effort when compared to manual wheel chairs.

• High Cost of Advanced Wheelchairs

One of the major challenges in the wheelchairs market is the high cost of advanced and technologically sophisticated wheelchairs. While innovations such as smart wheelchairs, powered models, and customizable features offer enhanced mobility and comfort, they often come with significant price tags. For many individuals, especially those in lower-income brackets or in developing countries, the cost of these advanced wheelchairs can be prohibitively high. This issue is compounded by the fact that insurance coverage and government subsidies may not always cover the full cost of high-end models, leaving consumers to bear a substantial financial burden. The high cost can limit access to the latest mobility solutions, affecting the overall market adoption rate. To address this challenge, manufacturers are exploring ways to reduce production costs through technological advancements and economies of scale while also advocating for broader insurance coverage and government support to make these essential aids more affordable.

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Key Opportunity Analysis:

Growth of Smart and Connected Wheelchairs

The growth of smart and connected wheelchairs presents a significant future opportunity in the market. As technology continues to advance, wheelchairs integrated with smart features such as sensors, GPS, and IoT connectivity are becoming more prevalent. These innovations allow for real-time monitoring of the wheelchair’s performance and the user’s health, offering enhanced navigation, obstacle detection, and personalized assistance. The potential for integration with other smart home technologies and healthcare systems adds further value, creating a more seamless and supportive environment for users. The demand for smart wheelchairs is expected to rise as consumers seek greater independence and improved quality of life. Companies can capitalize on this opportunity by investing in research and development to create cutting-edge products that meet the evolving needs of users. Additionally, partnerships with technology firms and healthcare providers can facilitate the development and adoption of these advanced solutions.

Expansion into Emerging Markets

Expanding into emerging markets offers substantial growth potential for the wheelchairs market. As economies in countries such as India, China, and Southeast Asian nations continue to develop, there is an increasing demand for mobility aids due to rising healthcare awareness and improving healthcare infrastructure. In these regions, a growing middle class is driving demand for advanced and affordable wheelchairs, including both manual and powered models. Market players can leverage this opportunity by establishing local partnerships, adapting products to meet regional needs, and navigating regulatory requirements effectively. Investing in localized manufacturing and distribution networks can also help address cost barriers and improve accessibility. By tapping into these emerging markets, companies can enhance their global footprint and capitalize on the expanding consumer base.

Advancements in Battery Technology for Powered Wheelchairs

Advancements in battery technology for powered wheelchairs offer a significant future opportunity in the market. Battery life and performance are critical factors for powered wheelchairs, affecting their usability and overall user satisfaction. Innovations in battery technology, such as longer-lasting lithium-ion batteries and faster charging solutions, can greatly enhance the functionality of powered wheelchairs. Improved battery technology can lead to longer ranges, reduced charging times, and increased reliability, making powered wheelchairs more attractive to users who require consistent and extended mobility support. The Department of Empowerment of Persons with Disabilities in the Indian government established Assistance to Disabled Persons for Purchase/Fitting of Aids/Appliances in February 2022 to offer grants-in-aid for the distribution of wheelchairs and motorized tricycles. Government initiatives are predicted to continue rising and drive the market for active wheelchairs. Manufacturers who invest in advanced battery technologies and collaborate with tech firms to integrate cutting-edge solutions can differentiate themselves and drive growth in this segment. Additionally, advancements in battery technology can contribute to the development of lighter and more compact powered wheelchairs, further expanding their appeal and accessibility.

Integration with Rehabilitation and Therapy Programs

Integrating wheelchairs with rehabilitation and therapy programs presents a promising future opportunity. As the focus on comprehensive patient care and rehabilitation grows, there is potential for wheelchairs to become integral components of therapeutic interventions. Collaborations between wheelchair manufacturers and rehabilitation centers can lead to the development of wheelchairs designed to support physical therapy and mobility training. Features such as adjustable positioning, dynamic support systems, and real-time feedback can enhance the effectiveness of rehabilitation programs. For instance, the US Agency for International Development (USAID) maintains a wheelchair program that searches for cutting-edge technologies to break through obstacles and encourage advancement in the wheelchair industry. The wheelchair market is anticipated to benefit from organized professional training for wheelchair techs provided by organizations like the International Society for Prosthetics and Orthotics (ISPO). The US National Institutes of Health’s “Home and Community-Based Physical Activity Interventions to Improve the Health of Wheelchair Users” and the CDC’s “Improving the Health of People with Mobility Limitations and Intellectual/Developmental Disabilities through State-based Public Health Programs” are two examples of government initiatives that focus on improving physical activity levels to improve wheelchair users’ function, fitness, and quality of life.

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The report also covers the following areas:

• Wheelchairs Market Size and Forecast
• Wheelchairs Market Trends
• Wheelchairs Market Analysis by Product Type

Wheelchairs Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain Analysis of key stakeholders
• Detailed analysis of market drivers and opportunities during the forecast period
• Wheelchairs 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 Wheelchairs Market

Covid and Ukrainian Crisis Impact:

• The COVID-19 pandemic had a complex impact on the wheelchair market, both challenging and shaping its growth trajectory. Initially, the pandemic led to disruptions in global supply chains, affecting the production and distribution of wheelchairs. Lockdowns and restrictions slowed down manufacturing processes and delayed shipments, resulting in shortages and increased lead times. Additionally, many non-essential medical equipment and elective procedures were postponed, affecting the demand for wheelchairs. On the other hand, the pandemic highlighted the critical need for accessible mobility aids, as the virus disproportionately affected individuals with pre-existing conditions and mobility issues. This heightened awareness led to increased demand for wheelchairs as part of broader health and safety measures.

• The Russia-Ukraine war has significantly impacted the wheelchair market, particularly in the affected regions. The conflict has led to substantial disruptions in supply chains, hindering the production and distribution of wheelchairs. Infrastructure damage and ongoing hostilities have impeded logistics and increased operational costs, contributing to delays and shortages of mobility aids. Additionally, the war has exacerbated the need for wheelchairs and other assistive devices among displaced populations and individuals injured in the conflict, increasing demand in the short term. However, the instability and economic challenges faced by the region have strained resources and funding for healthcare, affecting the availability and affordability of wheelchairs. International aid and humanitarian organizations have been working to address these needs, but the ongoing conflict continues to create uncertainty and challenges for the market.

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List of Key Market Players in the Wheelchairs Market:

The Global Wheelchairs 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:

• 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.
• Carex Health Brands, Inc.
• Drive Medical Design & Manufacturing
• Graham-Field Health Products, Inc.
• Medline Industries, Inc.
• Karman Healthcare, Inc.

Related Reports:

Smart Wheelchair Market: Joystick controlled wheelchair held the largest market share in 2021, owing to increasing demand for smart mobility solutions for patients, rising adoption of navigation assistance features and so on.

Manual Wheelchair Market: Geographically, North America Manual Wheelchair Market held the largest revenue share of 34% in 2020 owing to the highest disposable income and growing geriatric population along with motor impairment in this region.

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