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2021

Electric Wheelchair Market

Electric Wheelchair Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type (Center Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchairs, and Others): Opportunity Analysis and Industry Forecast, 2021-2030

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Author's: Vidit Gite | Roshan Deshmukh
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The electric wheelchair is a motorized wheelchair equipped with wheels and a set of batteries to provide the required power to move the wheelchair in the desired direction, causing less physical exertion. These chairs do not require any human assistance for mobility. The global electric wheelchair market is expected to reach $6,845.2 million by 2030, registering a CAGR of 8.4% during the forecast period.

Electric wheelchair, also known as power wheelchair, motorized wheelchair, or electric-powered wheelchair, is a wheelchair propelled by an electrically based power source, majorly motors and batteries. Electric wheelchair consists of one or more rechargeable batteries. These batteries power motor, which facilitate the movement of wheels, joystick, or ball used to operate the wheelchair.

Electric-Wheelchair-Market--2021-2030

Increase in demand for electrical wheelchairs has led to requirement for technological advances. This is attributed to the fact that the equipment needs to be more durable and sturdier to bear the weight of obese individuals. 

In addition, technological advances have led to the development of automated movement systems, which reduce manual interventions of caregivers. The patient can easily adjust the wheelchair seat and the equipment is operated using a remote control or automated controls installed in the wheelchair. Furthermore, artificial intelligence-enabled wheelchairs are introduced in the electric wheelchair industry allowing disabled people to control wheelchair though various facial expressions, including raising eyebrows and sticking out tongues. Therefore, need for technological advances in this equipment to improve comfort and safety is expected to provide lucrative opportunities for players that will lead to the expansion of electric wheelchair market size.

According to the World Health Organization (WHO), about 15% of the global population suffered from some form of disability, of which about 2–4% of the population is functionally dependent on caregivers.

Increase in disabilities is due to rise in elderly population and increase in prevalence of chronic diseases. Thus, hospitals and healthcare facilities use electrical wheelchairs to improve the welfare of patients and healthcare workers. In addition, electrical wheelchairs are used in homecare setting to transfer patients safely and comfortably from one place to another.  Thus, the demand for electrical wheelchairs is expected to increase in hospitals and elderly care homes, owing to the unprecedented increase in geriatric population. As per the data released by the World Health Organization, the number of people aged 65 and over will double as a proportion of the global population from 7% in 2000 to 16% in 2050. By then, the number of elderly people will be greater than that of children (aged 0–14 years) in the population. Thus, increase in the elderly population is anticipated to create an opportunity for adoption of electric wheelchairs in the global market.

Furthermore, increase in cases of accidents acts as a key growth driver of the electric wheelchair market. This is attributed to the fact that accidents can cause temporary or permanent disabilities. It is cumbersome for caregivers to carry patients to the toilet. According to WHO, 50 million people across the globe suffer from injuries due to road accidents. Electrical wheelchairs help to safely and comfortably transfer patients from one location to another. Thus, increase in number of accidents is expected to boost the growth of electrical wheelchairs market in the near future. However, inaccessibility to quality healthcare and infrastructure in developing regions is impeding the electric wheelchair market growth. Most of the bariatric and geriatric population reside in developing and underdeveloped regions. Thus, the demand for electrical wheelchairs is expected to increase significantly in these regions. However, lack of supporting infrastructure coupled with low purchasing power and low consumer awareness hamper the market expansion. Furthermore, the quality of healthcare services is poor in low-income countries. Inaccessibility to quality healthcare facilities and supply chains are likely to hamper the procurement of these equipment, thereby negatively impacting the growth of the market.

Segment review

The global electric wheelchair market is segmented into product type and region. By product type, the electric wheelchair market size is fragmented into center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchairs, and others. The others segment includes sports wheelchairs, pediatric wheelchairs, and high-power electric wheelchairs. Among these products, center wheel drive witnessed maximum demand; thus, the segment garnered the largest share in the global electric wheelchair market. 

Electric Wheelchair Market
By Product Type
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Front wheel drive segment would exhibit the highest CAGR of 9.3% during 2021-2030.

On the basis of product type, the global electric wheelchair market is segregated into center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchair, and others. 

The center wheel drive segment leads in terms of electric wheelchair market share, owing to small turning radius, light front tires, easy maneuvering through narrow spaces, and better stability of center wheel drive; however, the front wheel drive segment is expected to gain high traction in the upcoming years.

Electric Wheelchair Market
By Region
2030
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR of 9.6% during 2021-2030.

The report focuses on market growth prospects, restraints, and opportunities during the electric wheelchair market forecast period. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers in electric wheelchair market.

The key players profiled in the report are OttoBock Healthcare GmbH, Invacare Corporation, Pride Mobility Products Corp, Permobil AB, Sunrise Medical Limited, MEYRA GmbH, Matsunaga Manufactory Co., Ltd., Karma Medical Products Co., Ltd., Miki Kogyosho Co. Ltd., and Nissin Medical Industries Co., Ltd. Other prominent players analyzed in the report are Drive Medical Ltd., GF Health Products, Inc., Invacare Corporation., Karman Healthcare, and LEVO AG.

Key Benefits For Stakeholders

  • The report includes an in-depth analysis of different segments and provides insight toward the expansion of electric wheelchair market share in mobility sector with market estimations between 2020 and 2030. 
  • Porter’s five forces model illustrates the potency of buyers & sellers, which assists the market players to adopt effective strategies.
  • The key market players are profiled to gain an understanding of the strategies adopted by them.
  • This report provides a detailed electric wheelchair market analysis, trends and future estimations from 2020 to 2030, which helps identify the prevailing market opportunities.             

Electric Wheelchair Market Report Highlights

Aspects Details
Electric Wheelchair Market By Product Type
By Product Type
  • Center Wheel Drive
  • Front Wheel Drive
  • Rear Wheel Drive
  • Standing Electric Wheelchair
  • Others
Electric Wheelchair Market By Region
By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Russia, Rest of Europe)
  • Asia Pacific  (China, India, Japan, South Korea, Australia, Rest of Asia Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

PRIDE MOBILITY PRODUCTS CORP, INVACARE CORPORATION, OTTOBOCK SE & CO KGAA, NISSIN MEDICAL INDUSTRIES CO., LTD, MIKI KOGYOSHO CO., LTD, SUNRISE MEDICAL (U.S.) LLC, MEYRA GROUP, MATSUNAGA MANUFACTORY CO., LTD, KARMA MEDICAL PRODUCTS CO., LTD, PERMOBIL AB

Analyst Review

As per the insights of industry executives of leading companies, the global electric wheelchairs market is anticipated to witness notable growth during the forecast period. This is attributed to increase in geriatric population, rise in preference for automated wheelchairs, improvement in living standards.

In addition, prominent players in the market have developed and launched innovative technologies, such as electro-magnetic hover technology, artificial intelligence, and heavy-duty wheelchairs to cater to a wide customer base in various nations. Automation and automatic operations of wheelchairs are in excessive demand among customers in developing nations.

Furthermore, busy lifestyle and sophistication in daily activities are the two key factors leading to adoption of automated electric wheelchairs. An increase in the number of working professionals and elderly population has led to time constraints for providing assistance with manual wheelchairs, which, in turn, increased the demand for electric wheelchairs, thereby driving the growth of the global market.  

Author Name(s) : Vidit Gite | Roshan Deshmukh
Frequently Asked Questions?

The global electrical wheelchairs market size was valued at $ 2,689.2 million in 2020, and is forecasted to reach $6,845.2 million by the end of 2030.

The market will exhibit a decent CAGR of 8.4% during the forecast period.

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The forecast period of the report is from 2021-2030.

The global market is segmented into product type, which includes center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchair and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The top companies profiled in the report are OttoBock Healthcare GmbH, Invacare Corporation, Pride Mobility Products Corp, Permobil AB, Sunrise Medical Limited, MEYRA GmbH, Matsunaga Manufactory Co., Ltd., Karma Medical Products Co., Ltd., Miki Kogyosho Co. Ltd., and Nissin Medical Industries Co., Ltd.

North America holds the maximum market share of the electric wheelchair market.

Rise in application of electrical wheelchairs in indoor and outdoor in North America is the latest trend of the market.

Modern supply chains face unprecedented stress and are drawing an increased level of scrutiny post COVID-19 resulting in the manufacturing of electric wheelchair negatively.

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Electric Wheelchair Market

Opportunity Analysis and Industry Forecast, 2021-2030