Global Electric Wheelchair Market Insights Forecasts to 2033

• The Global Electric Wheelchair Market Size was Valued at USD 3.78 Billion in 2023
• The Market Size is Growing at a CAGR of 10.40% from 2023 to 2033
• The Worldwide Electric Wheelchair Market Size is Expected to Reach USD 10.17 Billion by 2033
• Asia-Pacific is expected to Grow the fastest during the forecast period

The Global Electric Wheelchair Market Size is Anticipated to Exceed USD 10.17 Billion by 2033, Growing at a CAGR of 10.40% from 2023 to 2033.

Market Overview

An electric wheelchair, also known as a motorized wheelchair, power wheelchair, or electric-powered wheelchair, is a wheelchair propelled by an electrically based power source, majorly motors and batteries. It is designed to support individuals with limited mobility in moving from one place to another. People who struggle to walk or drive a manual wheelchair benefit significantly from electric wheelchairs, which allow a significant amount of independence and freedom. These are equipped with a control system that allows the user to manage the chair using a joystick, buttons, or other interfaces. Mobility chairs often have a sturdy frame, comfortable seating, and a variety of other features intended to improve the user's safety and comfort. Some types include adjustable seating positions, leg rests, armrests, and backrests to help users obtain the most comfortable and supportive position. An electric wheelchair has one or more rechargeable batteries. These batteries power the motors that drive the wheelchair's wheels, joystick, or ball. The increasing technological advancement leads to growing demand for electric wheelchairs market over the forecast period. To make electric wheelchairs more durable, top market participants do quick research and development. The growing demand to make electric wheelchairs more durable to transport fat people has prompted key industry players to increase the total weight of the electric wheelchair.

Report Coverage

This research report categorizes the market for the global electric wheelchair market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global electric wheelchair market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global electric wheelchair market.

Driving Factors

The prevalence of disability is increasing as noncommunicable diseases become more common and people live longer lives. Blindness, dementia, and spinal cord damage are examples of health disorders that interact with environmental or personal factors to cause disability. Hospitals & healthcare institutions are investing in infrastructure development and adopting numerous technological advances such as electric wheelchairs. These factors are driving market expansion all across the predicted period. The increasing geriatric population is the major factor that is expected to drive the market growth of the global electric wheelchair. This infrastructure now allows disabled persons to participate in sports, and the demand for electric wheelchairs is expected to rise as athletes adopt them. Hence, these factors are significant growth of the global electric wheelchair market during the forecast period.

Restraining Factors

Electric wheelchairs face market restraint due to high costs, particularly for individuals with limited financial resources or healthcare coverage, which can hinder their adoption. Inadequate or restrictive reimbursement policies for electric wheelchairs hamper market growth. Also, additional costs for maintaining electric mobility aids include battery maintenance, servicing, and other expenses for continued operation. This makes it difficult to use electric wheelchairs. Hence, these factors may hamper the market growth of the global electric wheelchair market during the forecast period.

Market Segmentation

The global electric wheelchair market share is classified into product types, type, and end-users.

• The center wheel drive chair segment is expected to hold the largest share of the global electric wheelchair market during the forecast period.

Based on the product type, the global electric wheelchair market is divided into center wheel drive chair, front wheel drive chair, and rear wheel drive chair. Among these, the center wheel drive chair segment is expected to hold the largest share of the global electric wheelchair market during the forecast period. The segmental growth can be attributed to the electric wheelchair market share owing to the small turning radius, light front tires, ease of moving through limited places, and improved stability of center wheel drive; however, the front wheel drive category is likely to acquire significant traction in the coming years.

• The adult wheelchairs segment is expected to hold the largest share of the global electric wheelchair market during the forecast period.   

Based on the type, the global electric wheelchair market is divided into adult wheelchairs and pediatric wheelchairs. Among these, the adult wheelchairs segment is expected to hold the largest share of the global electric wheelchair market during the forecast period. The growth can be attributable to the increasing number of the world aging individuals. The demand for wheelchairs increases as elderly individuals with osteoarthritis become disabled, often used as assistive devices to enhance mobility and daily tasks.

• The home care settings segment is expected to hold the largest share of the global electric wheelchair market during the forecast period.

Based on the end-users, the global electric wheelchair market is divided into home care settings and hospitals & clinics. Among these, the home care settings is expected to hold the largest share of the global electric wheelchair market during the forecast period. The segmental growth can be attributed to the presence of a geriatric population in society, which commonly stays at home or in old age homes where they receive special attention and care. Provide maximum comfort and safety to patients who are at a higher risk for injury due to their health condition.

Regional Segment Analysis of the Global Electric Wheelchair Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• Latin America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global electric wheelchair market over the predicted timeframe.

North America is anticipated to hold the largest share of the global electric wheelchair market over the predicted timeframe. The regional growth can be attributed to the increasing geriatric population in this region. The government's provision of advanced healthcare facilities increases the demand for modern equipment in hospitals to keep up with the times. This category receives special attention in old-age facilities, where the best services are provided. Improved patient awareness, product availability diversity, and access to high-quality healthcare. The government's modern healthcare facilities have boosted public demand for modern medical equipment, particularly in senior living and electric wheelchairs, due to increased traffic accidents. These factors are significantly increasing regional growth of the electric wheelchair market during the forecast period.

Asia-Pacific is expected to grow at the fastest pace in the global electric wheelchair market during the forecast period. The growth can be attributed to the electric wheelchair has gained popularity due to rapid advancements in the sector, driven by the growing population in developing nations, who can afford advanced technologies due to their growing disposable income.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global electric wheelchair market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of overall competition within the market.

List of Key Companies  

• Karma Medical Products Co., Ltd
• PERMOBIL Ab
• Levo AG
• Pride Mobility Products Corp
• Quantum Rehab
• GF Health Products
• Nissin Medical Industries Co., Ltd
• Drive Medical
• Matsunaga Manufactory Co., Ltd
• Miki KOGYOSHO Co., Ltd
• Sunrise Medical LLC
• Invacare Corporation
• Hoveround Corporation
• OTTOBOCK Se & Co KGAA
• MEYRA Group
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2022, Permobil Inc., Permobil AB's United States affiliate, has announced a USD 15.5 million investment to boost production at its manufacturing factory in Lebanon, Tennessee. Otto Bock Healthcare GmbH strengthened its children's portfolio by acquired the Dutch business Veldink4kids, which develops special wheelchairs for kids, in February 2022.

• In May 2022, Sunrise medical (US) LLC announced the launch of its new ZIPPIE mini power wheelchair. The ZIPPIE mini gives kids the freedom to safely explore a range of circumstances due to its innovative, all-wheel independent suspension, the narrowest TRUE mid-wheel drive base available, seat-to-floor height of 17" and an incredibly short 17" turning radius.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global electric wheelchair market based on the below-mentioned segments: 

Global Electric Wheelchair Market, By Product Types

• Center Wheel Drive Chair
• Front Wheel Drive Chair
• Rear Wheel Drive Chair

Global Electric Wheelchair Market, By Type

• Adult Wheelchairs
• Pediatric Wheelchairs

Global Electric Wheelchair Market, By End-users

• Home Care Settings
• Hospitals & Clinics

Global Electric Wheelchair Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa