Electric Wheelchair Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2022 to 2028)

Eectric wheelchair market is anticipated to grow at a CAGR of around 9.2% during the forecast period. One of the main factors people choose power wheelchairs over manual wheelchairs is the increased comfort and mobility solutions provided by them. The major factor that is augmenting the market is the large patient base requiring wheelchair due to several diseases such as spinal cord injury, polio, hepatitis C and so on. Besides, the increasing number of accidents causing permanent disability of legs, rising geriatric population is accompanied by decrease the functionality of organ systems resulting in dependency for day-to-day activities, are also the factors that are propelling the growth of the market. For instance, joint pain causes by arthritis limits leg and lower body mobility, resulting in locomotion restrictions. According to the World Health Organization (WHO), it is estimated that the population above 60 years will almost double from 12% to 22% by 2050, across the globe.

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On the contrary, the increasing adoption of prosthetics is one of the major factors hindering the growth of the market. Prosthetic technology has considerable scope due to new developments that are being introduced in the market which are reducing the need for a wheelchair. However, the treatment and implant cost of prosthetics is comparatively very high. Apart from it, less penetration of wheelchairs in emerging economies is also one of the major restraints of the market. As per Wheelchair Foundation, in developed economies, around 95% of people who require a wheelchair have access to it whereas it is only 10% in emerging economies. Around 110 million people in emerging economies don't have access to a wheelchair. Government initiatives regarding disabled-friendly infrastructure at public places are going to be one of the major opportunities in the market as it would increase the ease to use of a wheelchair in public places

Market Coverage

Market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

, and others

Electric Wheelchair Market Segmentation

By Age Group

Adult Power Wheelchair
Pediatric Power Wheelchair

By Drive System

Front-Wheel Drive
Rear Wheel Drive
Others (Center Wheel Drive)

By End-User

Homecare
Hospitals & Clinics
Others (Airports and Railway Stations)

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Regional Analysis

North America 

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Company Profiles 

21st Century Scientific, Inc.
Antano Group S.R.L
Comfort orthopedic co.,Ltd.
Convaid Products, Llc.
Etac AB
Eurovema Mobility AB
GF Health Products, Inc.
Hoveround Corp.
Invacare Corp.
Jerry Medical Instrument (Shanghai) Co., Ltd.,
Karman Healthcare Inc.
Kwang Yang Motor Co., Ltd.
Levo USA
Magic Mobility Pty Ltd.
Matsunaga Manufactory Co., Ltd.
Medical Depot.Inc.
Medline Industries, Inc.
Merits Health Products Co. Ltd.
MEYRA GmbH
Ottobock SE & Co KGaA
Permobil AB
Pride Mobility Products Corp.
Product Design Group, Inc.
Sunrise Medical Ltd.

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