Electric Wheelchair Market, Size, Share, Growth, Key Players | Forecast: 2023 - 2028 | Renub Research

In a report recently published by Renub Research titled "Electric Wheelchair Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2030," market share data is presented along with a thorough industry analysis. The analysis of the rivals, geographical areas, and entry into the electric wheelchair market are also included in the report.

Electric Wheelchair Market is projected to expand between 2022 and 2030 at a CAGR of 8.85%. The electric wheelchair market has witnessed a transformative evolution over the years, reshaping mobility, and independence for countless people with restrained mobility. According to the World Health Organization (WHO) and the United Nations, around 21 million individuals globally have access to wheelchairs, and about 10 million have access to electric wheelchairs.
The electric powered wheelchair market is booming due to extended demand prolled by worldwide ageing populations. Longer lifespans have raised the need for mobility aids like electric wheelchairs, improving independence and quality of life for seniors with age-related mobility limitations. Also, rising focus of mobility challenges and the significance of inclusivity has broadened electric wheelchair attraction across all age groups with disabilities.

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Moreover, these devices are pivotal in enhancing accessibility, permitting complete participation in day today existence, work, education, and social interactions. Many international locations have delivered policies and initiatives to boost accessibility, further driving electric wheelchair demand. Ultimately, those wheelchairs move past mobility aids; they empower users, breaking down limitations to inclusivity and facilitating lively, engaged lives. Besides, features like intuitive joystick controls, adjustable seating, and enhanced battery life have significantly improved consumer experiences. Further, there was a surge in the development of smart electric wheelchairs geared up with navigation devices, obstacle detection, and connectivity alternatives, further improving comfort and safety. As a result, the Electric Wheelchair Market is anticipated to value around US$ 6.60 Billion by 2030.

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The electric wheelchair market dynamism extends beyond international locations to embody emerging markets like India and China, where extraordinary increase is fuelled by escalating earning, urbanization trends, and heightened healthcare awareness. These elements are converging to make electric wheelchairs increasingly accessible and low-priced in these areas. As a result, a wealth of opportunities is emerging for customers searching for advanced mobility solutions and manufacturers eager to tap into those expanding markets, fostering extra mobility and inclusivity across the globe.

The centre-wheel-drive (CWD) product type has remarkable growth in the electric wheelchair market
The growth of centre-wheel-drive (CWD) can be attributed to its superior maneuverability, ideal for indoor use and navigating obstacles. CWD chairs provide a balanced and stable ride, reducing the risk of tipping. Furthermore, advancements in technology have improved battery life and seating comfort, enhancing the overall user experience. These advantages have propelled the increasing popularity of centre-wheel-drive electric wheelchairs among individuals with mobility challenges.

Products Type - Electric Wheelchair Market has been covered from five viewpoints.

1. Centre Wheel Drive
2. front Wheel Drive
3. rear Wheel Drive
4. standing Electric Wheelchair
5. others

The electric wheelchair market is witnessing strong growth in the above 60 years age group.

An aging population is a significant driver, with seniors increasingly turning to mobility aids for independence. Advancements in electric wheelchair technology have enhanced user-friendliness, comfort, and safety, catering to older individuals' needs. Furthermore, greater awareness of mobility solutions and improvements in healthcare have spurred seniors to embrace electric wheelchairs, helping them maintain an active and mobile lifestyle and contributing to increased market demand.

Age group - Electric Wheelchair Market has been covered from three viewpoints.

1. Below 20 years
2. 21 to 60 years
3. Above 60 Years

Car homes are experiencing remarkable growth in the electric wheelchair market due to their unique blend of accessibility and portability.

The car homes are progressive devices that integrate the functionalities of an electric wheelchair with those of a vehicle, permitting customers to easily transition from driving to navigating indoor areas. Car homes are especially attractive for individuals searching for accelerated independence and convenience, making them a popular preference amongst people with mobility challenges. The potential to seamlessly flow from transportation to mobility within a single device has propelled the speedy enlargement of car homes in the market.

End-User - Electric Wheelchair Market has been covered from three viewpoints.

1. Hospitals
2. Clinics
3. Care Homes

The United States dominance in the electric wheelchair market is driven by its large and affluent aging population, generating significant demand for mobility aids.
According to the National Spinal Cord Injury Statistical Centre (NSCISC), there are a predicted 2.7 million wheelchair users within the United States, and of those, about 1.8 million use electric wheelchairs. The wide variety of electric wheelchair customers is predicted to develop in the coming years because of the growing old population and increasing incidence of chronic diseases. The United States has an advanced healthcare infrastructure that enables the prescription and accessibility of electrical wheelchairs. A highly competitive market fosters innovation and product range, while robust regulatory frameworks and comprehensive insurance similarly bolster the nation's preeminent position in the electric wheelchair market.

Countries - Electric Wheelchair Market has been covered from twenty-six viewpoints.

1. United States
2. Canada
3. France
4. Germany
5. Italy
6. Spain
7. United Kingdom
8. Belgium
9. Netherlands
10. China
11. Japan
12. India
13. Australia
14. South Korea
15. Thailand
16. Malaysia
17. Indonesia
18. New Zealand
19. Brazil
20. Mexico
21. Argentina
22. South Africa
23. Saudi Arabia
24. Turkey
25. UAE
26. ROW

Competitive Landscape.
The key players in the electric wheelchair market are Invacare Corporation, Dassault System SA, Sunrise Medical, Karman Healthcare Inc, Pride Mobility Products Corp, Permobil AB, Sermax Mobility Ltd, and Carex Health Brands Inc.

Company Insights.

• Overview
• Recent Development and Initiatives
• Sales Analysis

Analysis of the companies present in the electric wheelchair market.

1. InvacareCorporation
2. Dassault System SA
3. Sunrise Medical
4. Karman Healthcare Inc
5. Pride Mobility Products Corp
6. Permobil AB
7. Sermax Mobility Ltd
8. Carex Health Brands Inc.

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