Electric Wheelchair Market Size, Share, Outlook | Invacare Corporation Sunrise Medical, Permobil, Pride Mobility Products Corporation, Drive Devilbiss Healthcare

Increasing prevalence of physical disability is expected to increase demand for mobility solutions such as wheelchairs, which in turn would contribute to growth of the electric wheelchair market. For instance, as per the Centers for Disease Control and Prevention (CDC), in 2017, there were around 38.2 million adults with physical functioning difficulty and accounted for 15.5% of total global disability. Moreover, increasing number of road accidents resulting in permanent disability, are expected to drive the electrical wheelchair market growth. According to Association for Safe International Road Travel, around 1.25 million people die in road crashes each year globally, of which 20 to 50 million are injured or disabled.

The Global Electric Wheelchair Market was valued at US$ 2,911.5 Mn in 2018, and is expected to witness a CAGR of 17.1% during the forecast period (2018 - 2026).

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Increasing technological advancements in power wheelchairs is expected to create an opportunity for manufacturers to produce high-tech products with multiple functionality. For instance, Scewo, developed by ETH Zurich team, is a self-balancing stair-climbing electrical wheelchair, that can go up and down the stairs independently and smoothly, and includes features useful for navigating over obstacles.

Moreover, in December 2016, Sunrise Medical (US) LLC introduced QM-7 with SEDEO Ergo seating system. The novel QM-7 with SEDEO Ergo seating system is mid-wheel drive power wheelchair Increasing prevalence of physical disability is expected to increase demand for mobility solutions such as wheelchairs, which in turn would contribute to drive the electric wheelchair market share.

Increasing partnership agreements by electric wheelchair manufacturers are expected to cater to the electric wheelchair market size. For instance, In July 2017, National Seating & Mobility (NSM), Complex Rehab Technology Solutions provider, and WHILL, Inc. entered into a strategic partnership for nationwide distribution of WHILL's next generation mobility device. Under this agreement, NSM will distribute new USFDA-cleared Model M power wheelchair of WHILL, Inc. in the U.S. Moreover, In April 2018, Innova Care Concepts entered into a partnership with Permobil to supply powered wheelchairs. Increasing product launches by major key players is expected to boost the electric wheelchair market growth.

For instance, in February 2017, Permobil launched M3 Mid-Wheel Drive Power Wheelchair. It is the first wheelchair incorporated with FlexLink full suspension technology. M3 Mid-Wheel Drive Power Wheelchair operates through center wheel drive electric wheelchair configuration.

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Major players operating in the global 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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