Electric Wheelchair Market Global Industry Analysis, Scope, Business Overview, Challenges and Industry Forecast to 2023

Market Overview:

Electric wheelchairs are of immense benefit to wheelchair users in terms of convenience and suitability for outdoor as well as indoor movement. The global electric wheelchair market is expected advance with an impressive CAGR and achieve high growth revenues in the coming years, projects Market Research Future (MRFR) in an exhaustive study. Electric wheelchairs have gained widespread adoption due to the superior advantages it provides over manual wheelchairs.

The growth of the global electric wheelchairs market is sustained by the rise in geriatric population. Equipped with sensors and other assistive technology, electric wheelchairs help to alleviate the problems of mobility in the elderly populace. In addition, they are also beneficial to those who are unable to use manual wheelchairs.

The need for smart wheelchairs for disabled people is a significant factor boosting the growth of the market. People with motor, sensory, or cognitive impairment are unable to use manual wheelchairs or joysticks and find it extremely advantageous to use smart electric wheelchairs.

The superior advantage of convenience acts as a motivating force for the growth of the market. Being user-friendly, they can be easily operated by aged people or consumers with disabilities. Other than patients with mobility issues, they can also be of use to accident patients and patients suffering from other chronic conditions.

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Competitive Landscape

·         GF Health Products Inc

·         Drive Medical Ltd

·         MEYRA GmbH

·         Karman Healthcare

·         OttoBock Healthcare GmbH

·         Medical Depot

·         Sunrise Medical Limited

·         Pride Mobility Products Corp

·         Quantum Rehab

·         Invacare Corporatio

·         Permobil AB

·         Hoveround Corporation

·         LEVO Ag

Segmentation

The global electric wheelchair market has been segmented based on product and end use.

By product, the market has been segmented into an electric indoor chair, electric outdoor chair, dual-purpose chair, rear wheel drive chair, front wheel drive chair, center wheel drive chair, standing electric wheelchair, and others.

By end use, the market has been segmented into home care settings, hospitals/clinics, and others.

Regional Analysis

The Americas, Europe, Asia Pacific, and the Middle East & Africa are the key markets for an electric wheelchair. The Americas is an established market and has been posting continuous growth owing to the inflated demand for electric wheelchairs due to higher affordability, high awareness regarding the product and greater inclination towards technologically advanced equipment. Favorable reimbursement scenario and government support for the aged population in the form of subsidies for medical equipment and medical facilities also support the growth of the market. Europe too is a strong market and has been exhibiting steady growth due to high investment in research & development activities. Asia Pacific is expected to grow at a rapid pace on account of rising purchasing power and awareness in the region. In addition, the rise in geriatric population, increasing penetration of electric wheelchairs, and increasing interest from manufacturers in investing in the developing economies of China, and India also create a conducive environment for the growth of the market in Asia Pacific. The Middle East & Africa market is anticipated to exhibit fast growth due to the development of the medical facilities in the region.

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