Electric Wheelchair Market Headed for Growth and Global Expansion by 2026 With Top Players Invacare Corporation Sunrise Medical, Permobil, Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Hoveround Corp, Ottobock Healthcare

Technological advancements in electric wheelchairs to improve medical conditions such as physical disability caused due to lower limbs dysfunction by providing easy mobility, is expected to boost growth of the electric wheelchair market. Manual wheelchairs are designed to overcome mobility issue in physically disabled people. However, a manual wheelchair has proven to be a difficult task as it may cause fatigue. Thus, people are shifting towards electric wheelchairs as they offer easy mobility and are associated with multiple functions, including wireless programming and remote monitoring. Rising number of disability cases caused by factors such as increasing number of spinal cord injuries, meningitis, and workplace injuries among others, are expected to increase demand for electric wheelchairs.

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Market Dynamics

Increasing product launches of high-technology electric wheelchairs is expected to drive growth of the electric wheelchair market. For instance, in December 2017, Quantum Rehab’s front wheel drive electric wheelchair, 4Front Power Base, was launched in the U.K. and Ireland. The 4Front is equipped with independent, automotive-grade Smooth Ride Suspension (SRS) that provides comfort and ride quality. Moreover, in May 2017, Numotion, a provider of Complex Rehab Technology (CRT), developed Tek RMD (Robotic Mobilization Device), a motorized standing wheelchair and made available in the U.S. Collaborations by the key players in order to enhance their wheelchair product portfolio is contributing to growth of the electric wheelchair market.

Increasing number of product launches is expected to drive growth of the Electric Wheelchair Market

Increasing initiatives by key players in development of pediatric powered wheelchairs are expected to show significant growth in the pediatric segment of the electric wheelchair market. For instance, in January 2015, Sunrise Medical (U.S.) LLC introduced new Zippie ZM-310 pediatric power wheelchair featuring the smallest mid-wheel-drive base. The product was revised and updated as per the ANSI/RESNA standards. Moreover, in 2014, Invacare Corporation launched a new Invacare Fox electric wheelchair. It is designed to enable adult users to maximize independence in everyday life. Fox electric wheelchair provides considerable maneuverability indoors, and traction outdoors.

Electric Wheelchair Market - Competitive Landscape

Key players operating in the electric wheelchair market include Invacare Corporation Sunrise Medical, Permobil, Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Hoveround Corporation, Ottobock Healthcare, 21st Century Scientific, Inc., Meyra GmbH, LEVO AG, and Merits Co. Ltd.

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Electric Wheelchair Market- Regional Analysis

Regional segmentation of the global electric wheelchair market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is anticipated to witness significant electric wheelchair market share, owing to initiatives by market players to establish their product portfolio in North American countries. For instance, in August 2018, Sunrise Medical LLC acquired Magic Mobility, a manufacturer of powered wheelchairs. With this acquisition, Sunrise Medical LLC aims to include powered wheelchairs in their product portfolio.

Asia Pacific is expected to witness significant growth over the forecast period owing to increasing investments by manufacturers in order to expand their product portfolio. For instance, in September 2018, Whill Inc., a Tokyo-based company, raised around US$ 44.5 million from 13 companies. Moreover, the company sold its first product, Model A, in 2014 and second product Model Ci in April 2017 in the U.S.

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