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.

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