Market Overview:
The global Electric Wheelchair Market is projected to grow
to $7.5 billion by 2030, at a CAGR of 12.2% from 2024 to 2030. This growth is
driven by the increasing use of electric wheelchairs in homes, hospitals, rehab
centers, and sports. The adoption of advanced technologies, such as AI-driven
self-driving wheelchairs for various applications, is enhancing the
functionality and user experience. Technological innovations, including
customization options, smart connectivity, and eco-friendly designs, are
shaping the future of electric wheelchairs, meeting the evolving needs of
users.
Regional Insights:
North America leads the Electric Wheelchair Market with a 32% share
in 2023, driven by the increasing elderly population and advanced healthcare
facilities. The rising number of people aged 65 and older in the U.S., along
with high healthcare expenditure, is propelling the demand for electric
wheelchairs.
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Scope of the Report:
Report Metric |
Details |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
CAGR |
12.2% |
Market Size in 2030 |
$7.5 Billion |
Segments Covered |
By Type, By End-Use Industry and
By Region |
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany,
France, UK, Italy, Spain, Netherlands and Rest of Europe), Asia-Pacific
(China, Japan, South Korea, India, Australia & New Zealand and Rest of
Asia-Pacific), South America (Brazil, Argentina, Colombia and Rest of South
America), Rest of the World (Middle East and Africa). |
Key Market Players |
1. Invacare
Corporation 2. OttoBock
Healthcare GmbH 3. Permobil
AB 4. Pride
Mobility Products Corporation 5. Sunrise
Medical Inc. 6. MEYRA 7. Shanghai
BangBang Robotics Co., Ltd. 8. Yamaha
Motor Co., Ltd. 9. WHILL
Inc. 10. Cofoe
Medical Technology Co., Ltd |
Recent Developments:
- In January 2022, Invacare Corporation launched the AVIVA® STORM RXTM rear-wheel drive power wheelchair, offering enhanced mobility and a more compact design to meet diverse user needs.
- In July 2022, Bang Robotics, a Chinese company specializing in smart wheelchairs, raised $14.8 million in Series B funding to expand its intelligent wheelchair product line. The company has secured over 110 patents, including international patents, highlighting its leadership in innovation.
Electric
Wheelchair Market: Competitive Landscape
The Electric Wheelchair market is competitive, with key players focusing on product innovation, strategic partnerships, and geographical expansion. Major companies include: 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.