The global electric wheelchair market is set for significant expansion, with projections indicating a surpassing of $6.60 billion by 2030 according to Research and Markets. These electric wheelchairs, powered by batteries and motors and usually controlled by a joystick, offer enhanced mobility and convenience. This growth is primarily driven by an increasing demand for these advanced mobility aids.
The demand for electric wheelchairs is being propelled by the aging global population. The World Health Organization predicts a doubling in the percentage of people aged 65 and older, from 7% in 2000 to 16% by 2050. This demographic shift presents a substantial opportunity for the widespread adoption of electric wheelchairs on a global scale.
The electric wheelchair market is anticipated to grow at an impressive Compound Annual Growth Rate (CAGR) of 8.85% during the forecast period from 2022 to 2030.
Accidents and disabilities boost market demand
A significant catalyst for the growth of the electric wheelchair market is the increasing rate of accidents leading to temporary or permanent disabilities. Manually transferring patients, especially to essential locations like bathrooms, can be physically demanding for caregivers. According to the World Health Organization (WHO), approximately 50 million people worldwide sustain injuries from road accidents annually. Electric wheelchairs provide a stable and comfortable means of transferring patients, and the rising incidence of accidents is expected to drive market growth. However, challenges such as inadequate healthcare infrastructure and low purchasing power in low-income countries hinder market expansion.
The COVID-19 pandemic restricted travel for many individuals, leading to an increased use of power wheelchairs. Hospitals and healthcare facilities adopted these advanced wheelchairs for patient transfers due to their convenience and safety. The growing aging population, especially in senior care facilities, has also fueled market growth. The increased usage of electric wheelchairs in orthopedic clinics and hospitals is driven by a rise in orthopedic and joint replacement surgeries.
Center wheel drive dominance
In terms of product types, center wheel drive (CWD) configurations lead the electric wheelchair market. CWD models excel in maneuverability and have a compact turning radius, making them ideal for indoor use, tight spaces, and navigating doors. They prioritize rider comfort and safety, providing a balanced, stable ride with reduced tipping risk. Ongoing technological advancements further enhance CWD wheelchair performance, solidifying their position as market leaders.
The age group above 60 years represents the fastest-growing segment in the electric wheelchair market. Seniors seek mobility solutions that enhance their independence and quality of life. Electric wheelchairs offer convenient and eco-friendly transportation, enabling seniors to navigate indoor and outdoor environments easily. These devices are equipped with features such as ease of control, safety mechanisms, and comfortable seating, catering to the specific needs and challenges faced by older individuals. As the population continues to age, the electric wheelchair market is well-positioned for sustained growth, meeting the mobility requirements of seniors and ensuring their continued independence.
Hospitals play a key role
Hospitals remain a pivotal market segment for electric wheelchairs, serving as vital mobility solutions for patients with varying degrees of mobility impairment. Electric wheelchairs are essential for tasks like patient transportation within healthcare facilities, thanks to their maneuverability and patient comfort. With the healthcare sector continually evolving and expanding, the demand for electric wheelchairs is expected to endure, playing a crucial role in ensuring efficient patient care and mobility within the medical field.
US leads the industry
The US electric wheelchair market holds a central position within the healthcare and assistive technology sectors. It is poised to maintain its dynamism in the foreseeable future, meeting diverse user needs across the country. Continuous technological advancements and a growing aging population are expected to drive sustained growth. Improvements in features, such as enhanced maneuverability and connectivity options, along with a commitment to improving the quality of life for those reliant on electric wheelchairs, contribute to the market's robust outlook in the US.
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.
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