The Wheelchair Market size was estimated USD 5.1 billion in 2022 and is expected to reach USD 9.02 billion By 2030 at a CAGR of 7.4% during the forecast period of 2023-2030.
The wheelchair sector is fuelled by an ageing senior population's reliance on chairs. Such segmentation growth is also primarily linked to children's increased frequency of diseases as well as their better quality of life. Furthermore, advancements in wheelchair innovation and convenience are driving a spike in the popularity of freshly released wheelchairs made in India. As a result, it is anticipated that this will have a positive impact on market expansion.
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Furthermore, wheelchair manufacturers are moving beyond the basic Mechanical wheelchair. They were inventing new designs to assist the individual and make it easier for him or her to freely move or move independently. This wheelchair industry is growing faster as a result of the adoption of innovative, upgraded infrastructure that allows wheelchairs for people with disabilities. Over the projection period, developing nations such as India are likely to be major income drivers for wheelchair manufacturers. The country has one of the highest rates of traffic accidents in the world, with numerous people injured. It also boasts one of the world's largest handicapped populations. In terms of availability and acceptance, the country is still in its early stages; however, with supporting government efforts and rising consumer awareness, demand for wheelchairs is likely to rise in the next few years.
DRIVERS
Market Expansion Driven by Wheelchair Advancement
Continuous developments in wheelchair physiology, along with technical advancements, equip users with the most trustworthy features. Wheelchairs are becoming a priority or viable option for users or patients with the addition of updated features such as eye sensor controls, functioning controls with AI automation or finger touch controlling, and upgrades in customization such as adding more comfort by cushioning, extra support for posture control, and pressure reliever points. This means boosting user trust and safety, which increases market demand.
RESTRAIN
Budgetary considerations Insurance and reimbursement are limited, Infrastructure and accessibility are lacking
OPPORTUNITY
Emerging economies, Technological advancements, Personalization and customization
Market expansion prospects exist in emerging economies, where healthcare infrastructure and accessibility are expanding. Demand for wheelchairs is predicted to expand as these regions enjoy economic expansion and increased healthcare spending.
Technological advancements: Manufacturers may provide unique and differentiated solutions as wheelchair technology continues to progress, including smart features, increased battery life, and connection.
CHALLENGES
Tough competition Compliance with regulations Disruptions in the supply chain
According to the most recent research and analysis, the Russia-Ukraine conflict Globally, negative consequences are expected, particularly in Eastern Europe, the European Union, Eastern and Central Asia, and the United States. This dispute has had a significant impact on people's lives and livelihoods, as well as causing significant disruptions in trade patterns. The probable consequences of the prolonged war and instability in Eastern Europe are projected to harm Ukraine and have long-term consequences for Russia. The research examines the implications for demand-supply balances, pricing pressures, the influence on import/export and trading, and short-term suggestions for the worldwide Wheelchair Market in light of the most recent conflict update and worldwide reactions.
IMPACT OF ONGOING RECESSION
Individuals may have financial restrictions during a recession, resulting in lower discretionary expenditures. As a result, demand for wheelchairs may fall, particularly for non-essential or premium versions. People may postpone or avoid acquiring new wheelchairs, or they may choose less expensive choices.
Delay or reduction in healthcare spending Economic downturns can cause people and governments to prioritise important costs, resulting in lower healthcare spending. This can have an impact on the demand for wheelchairs in healthcare institutions since they may postpone or limit new equipment purchases. Individuals may also postpone obtaining medical treatment or rehabilitation services owing to financial worries, reducing demand for wheelchairs.
By Product
Manual
Electric
By Category
Adult
Pediatric
By End-use
Homecare
Hospitals
Ambulatory Surgical Center
Rehabilitation Center
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North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
In terms of market revenue, North America will continue to lead the worldwide market throughout the projection period. An increase in the number of people suffering from mobility impairment illnesses, as well as an increase in the seriatric population, are the key reasons expected to drive demand for wheelchairs in this region. Furthermore, the presence of significant firms involved in mobility devices in the United States is projected to contribute to market growth.
Because of the growing number of senior patients, Europe is expected to have the second-largest market share after North America. The Asia-Pacific market is expected to grow rapidly during the forecast period, owing to an increase in the incidence of developmental disorders among children and an increase in unintentional accidents resulting in a loss of mobility.
The major key players are Invacare Corporation, Ottobock , Drive Medical, Pride Mobility Products Corp, Quantum Rehab, GF Health Productslnc, Karman Healthcare Inc., Levo AG, Sunrise Medical, Medline Industries Inc., and others.
Sunrise Medical: In May 2022 released two new products the ZIPPIE Q300 M Mini, a paediatric power wheelchair, and the Quickie Q200 R, a rear-wheel-drive power wheelchair. The new ZIPPIE Q300 M Mini's all-wheel independent suspension, ultra-narrow mid-wheel rive base, 17" turning radius, and 17" seat-to-floor height allow youngsters to safely explore numerous scenarios.
Powered Company: In Jan 2022 released the 'One Remedy' invention, which also merges the most prominent wheelchair users with many of the amazing aspects of such a great system. The company specialises in the production and resale of chronic hospital equipment such as mobility scooters, pressure care, wheelchairs, walkers, and positioning goods.
| Report Attributes | Details |
| Market Size in 2022 | US$ 5.1 Bn |
| Market Size by 2030 | US$ 9.02 Bn |
| CAGR | CAGR of 7.4 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Manual, Electric) • By Category (Adult, Pediatric) • By End-use (Homecare, Hospitals, Ambulatory Surgical Centers, Rehabilitation Centers) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Invacare Corporation, Ottobock , Drive Medical, Pride Mobility Products Corp, Quantum Rehab, GF Health Productslnc, Karman Healthcare Inc., Levo AG, Sunrise Medical, Medline Industries Inc. |
| Key Drivers | • Market Expansion Driven by Wheelchair Advancement |
| Market Restraints | • Budgetary considerations Insurance and reimbursement are limited, Infrastructure and accessibility are lacking |
Ans: The Wheelchair Market is expected to grow at 7.4% CAGR from 2023 to 2030.
Ans: According to our analysis, the Wheelchair Market is anticipated to reach USD 9.02 billion By 2030.
Ans: The growing senior population, the increasing number of ailments needing a wheelchair, and the growing handicapped population are key drivers driving wheelchair market growth.
Ans: The leading participants in the wheelchair market are Carex Health BrandsInc., Drive Medical Design & Manufacturing, Graham-Field Health Products Inc., Invacare, Medline
Ans: Yes, you may request customization based on your company's needs.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Wheelchair Market, By Product
Manual
Electric
9. Wheelchair Market, By Category
Adult
Pediatric
10. Wheelchair Market By End-use
10.1 Homecare
10.2 Hospitals
10.3 Ambulatory Surgical Center
10.4 Rehabilitation Center
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Wheelchair Market by country
11.2.2North America Wheelchair Market by Product
11.2.3 North America Wheelchair Market by Category
11.2.4 North America Wheelchair Market by End-User
11.2.5 USA
11.2.5.1 USA Wheelchair Market by Product
11.2.5.2 USA Wheelchair Market by Category
11.2.5.3 USA Wheelchair Market by End-User
11.2.6 Canada
11.2.6.1 Canada Wheelchair Market by Product
11.2.6.2 Canada Wheelchair Market by Category
11.2.6.3 Canada Wheelchair Market by End-User
11.2.7 Mexico
11.2.7.1 Mexico Wheelchair Market by Product
11.2.7.2 Mexico Wheelchair Market by Category
11.2.7.3 Mexico Wheelchair Market by End-User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Wheelchair Market by country
11.3.1.2 Eastern Europe Wheelchair Market by Product
11.3.1.3 Eastern Europe Wheelchair Market by Category
11.3.1.4 Eastern Europe Wheelchair Market by End-User
11.3.1.5 Poland
11.3.1.5.1 Poland Wheelchair Market by Product
11.3.1.5.2 Poland Wheelchair Market by Category
11.3.1.5.3 Poland Wheelchair Market by End-User
11.3.1.6 Romania
11.3.1.6.1 Romania Wheelchair Market by Product
11.3.1.6.2 Romania Wheelchair Market by Category
11.3.1.6.4 Romania Wheelchair Market by End-User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Wheelchair Market by Product
11.3.1.7.2 Turkey Wheelchair Market by Category
11.3.1.7.3 Turkey Wheelchair Market by End-User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Wheelchair Market by Product
11.3.1.8.2 Rest of Eastern Europe Wheelchair Market by Category
11.3.1.8.3 Rest of Eastern Europe Wheelchair Market by End-User
11.3.2 Western Europe
11.3.2.1 Western Europe Wheelchair Market by Product
11.3.2.2 Western Europe Wheelchair Market by Category
11.3.2.3 Western Europe Wheelchair Market by End-User
11.3.2.4 Germany
11.3.2.4.1 Germany Wheelchair Market by Product
11.3.2.4.2 Germany Wheelchair Market by Category
11.3.2.4.3 Germany Wheelchair Market by End-User
11.3.2.5 France
11.3.2.5.1 France Wheelchair Market by Product
11.3.2.5.2 France Wheelchair Market by Category
11.3.2.5.3 France Wheelchair Market by End-User
11.3.2.6 UK
11.3.2.6.1 UK Wheelchair Market by Product
11.3.2.6.2 UK Wheelchair Market by Category
11.3.2.6.3 UK Wheelchair Market by End-User
11.3.2.7 Italy
11.3.2.7.1 Italy Wheelchair Market by Product
11.3.2.7.2 Italy Wheelchair Market by Category
11.3.2.7.3 Italy Wheelchair Market by End-User
11.3.2.8 Spain
11.3.2.8.1 Spain Wheelchair Market by Product
11.3.2.8.2 Spain Wheelchair Market by Category
11.3.2.8.3 Spain Wheelchair Market by End-User
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Wheelchair Market by Product
11.3.2.9.2 Netherlands Wheelchair Market by Category
11.3.2.9.3 Netherlands Wheelchair Market by End-User
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Wheelchair Market by Product
11.3.2.10.2 Switzerland Wheelchair Market by Category
11.3.2.10.3 Switzerland Wheelchair Market by End-User
11.3.2.11.1 Austria
11.3.2.11.2 Austria Wheelchair Market by Product
11.3.2.11.3 Austria Wheelchair Market by Category
11.3.2.11.4 Austria Wheelchair Market by End-User
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Wheelchair Market by Product
11.3.2.12.2 Rest of Western Europe Wheelchair Market by Category
11.3.2.12.3 Rest of Western Europe Wheelchair Market by End-User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Wheelchair Market by country
11.4.2 Asia-Pacific Wheelchair Market by Product
11.4.3 Asia-Pacific Wheelchair Market by Category
11.4.4 Asia-Pacific Wheelchair Market by End-User
11.4.5 China
11.4.5.1 China Wheelchair Market by Product
11.4.5.2 China Wheelchair Market by End-User
11.4.5.3 China Wheelchair Market by Category
11.4.6 India
11.4.6.1 India Wheelchair Market by Product
11.4.6.2 India Wheelchair Market by Category
11.4.6.3 India Wheelchair Market by End-User
11.4.7 Japan
11.4.7.1 Japan Wheelchair Market by Product
11.4.7.2 Japan Wheelchair Market by Category
11.4.7.3 Japan Wheelchair Market by End-User
11.4.8 South Korea
11.4.8.1 South Korea Wheelchair Market by Product
11.4.8.2 South Korea Wheelchair Market by Category
11.4.8.3 South Korea Wheelchair Market by End-User
11.4.9 Vietnam
11.4.9.1 Vietnam Wheelchair Market by Product
11.4.9.2 Vietnam Wheelchair Market by Category
11.4.9.3 Vietnam Wheelchair Market by End-User
11.4.10 Singapore
11.4.10.1 Singapore Wheelchair Market by Product
11.4.10.2 Singapore Wheelchair Market by Category
11.4.10.3 Singapore Wheelchair Market by End-User
11.4.11 Australia
11.4.11.1 Australia Wheelchair Market by Product
11.4.11.2 Australia Wheelchair Market by Category
11.4.11.3 Australia Wheelchair Market by End-User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Wheelchair Market by Product
11.4.12.2 Rest of Asia-Pacific Wheelchair Market by Category
11.4.12.3 Rest of Asia-Pacific Wheelchair Market by End-User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Wheelchair Market by country
11.5.1.2 Middle East Wheelchair Market by Product
11.5.1.3 Middle East Wheelchair Market by Category
11.5.1.4 Middle East Wheelchair Market by End-User
11.5.1.5 UAE
11.5.1.5.1 UAE Wheelchair Market by Product
11.5.1.5.2 UAE Wheelchair Market by Category
11.5.1.5.3 UAE Wheelchair Market by End-User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Wheelchair Market by Product
11.5.1.6.2 Egypt Wheelchair Market by Category
11.5.1.6.3 Egypt Wheelchair Market by End-User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Wheelchair Market by Product
11.5.1.7.2 Saudi Arabia Wheelchair Market by Category
11.5.1.7.3 Saudi Arabia Wheelchair Market by End-User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Wheelchair Market by Product
11.5.1.8.2 Qatar Wheelchair Market by Category
11.5.1.8.3 Qatar Wheelchair Market by End-User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Wheelchair Market by Product
11.5.1.9.2 Rest of Middle East Wheelchair Market by Category
11.5.1.9.3 Rest of Middle East Wheelchair Market by End-User
11.5.2 Africa
11.5.2.1 Africa Wheelchair Market by country
11.5.2.2 Africa Wheelchair Market by Product
11.5.2.3 Africa Wheelchair Market by Category
11.5.2.4 Africa Wheelchair Market by End-User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Wheelchair Market by Product
11.5.2.5.2 Nigeria Wheelchair Market by Category
11.5.2.5.3 Nigeria Wheelchair Market by End-User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Wheelchair Market by Product
11.5.2.6.2 South Africa Wheelchair Market by Category
11.5.2.6.3 South Africa Wheelchair Market by End-User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Wheelchair Market by Product
11.5.2.7.2 Rest of Africa Wheelchair Market by Category
11.5.2.7.3 Rest of Africa Wheelchair Market by End-User
11.6 Latin America
11.6.1 Latin America Wheelchair Market by country
11.6.2 Latin America Wheelchair Market by Product Category
11.6.3 Latin America Wheelchair Market by Category
11.6.4 Latin America Wheelchair Market by End-User
11.6.5 Brazil
11.6.5.1 Brazil America Wheelchair by Product Category
11.6.5.2 Brazil America Wheelchair by Category
11.6.5.3 Brazil America Wheelchair by End-User
11.6.6 Argentina
11.6.6.1 Argentina America Wheelchair by Product Category
11.6.6.2 Argentina America Wheelchair by Category
11.6.6.3 Argentina America Wheelchair by End-User
11.6.7 Colombia
11.6.7.1 Colombia America Wheelchair by Product Category
11.6.7.2 Colombia America Wheelchair by Category
11.6.7.3 Colombia America Wheelchair by End-User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Wheelchair by Product Category
11.6.8.2 Rest of Latin America Wheelchair by Category
11.6.8.3 Rest of Latin America Wheelchair by End-User
12 Company profile
12.1 Invacare Corporation.
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Ottobock.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Drive Medical.
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Pride Mobility Products Corp.
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Quantum Rehab.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 GF Health Products lnc.
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Karman Healthcare Inc.
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Levo AG.
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Sunrise Medical.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Medline Industries Inc
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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