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Electric Wheelchair Market Research Report, Growth Trends, Competitive Analysis And Forecast To 2032
Electric Wheelchair Market Analysis
The Business Research Company's Electric Wheelchair Global Market Report 2023 identifies increase in the incidence of spinal deformities as the major driver for the electric wheelchair market's growth in the forecast period. Spinal deformity refers to an abnormal alignment or curve of the bony vertebral column. Scoliosis in severe forms will be disabling. For some people diagnosed with Scoliosis, a wheelchair is required for mobility and comfort.
The global electric wheelchair market size grew from $4.2 billion in 2022 to $4.78 billion in 2023 at a compound annual growth rate (CAGR) of 13.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global electric wheelchair is expected to grow to $7.93 billion in 2027 at a CAGR of 13.5%.
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Major competitors in the electric wheelchair market are OttoBock Healthcare GmbH, Invacare Corporation, Pride Mobility Products Corp., Permobil AB, Sunrise Medical Limited, MEYRA GmbH, Matsunaga Manufactory Co.
A key trend in the electric wheelchair market includes technological advancement. Many companies are launching new products to give an enhanced experience to their users. In February 2021, Invacare Corporation, an American medical equipment manufacturer, launched the Invacare AVIVA STORM RX power wheelchair. It is a forward rear-wheel drive power wheelchair with superior technology, design, and performance. It is a power wheelchair designed to travel outdoors and can also provide mobility indoors without any assistance.
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The electric wheelchair market is segmented -
1) By Modality: Rear Wheel Drive Electric Wheelchair, Four Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Self Balancing Wheelchair, Standing Electric Wheelchair, Remote Control
2) By Category: Adults, Pediatric
3) By Age Group: Greater Than 60 years, 21 to Less Than 60 years, Less Than 20 years
4) By Application: Homecare, Hospitals, Ambulatory Surgical Centres, Rehabilitation Centres, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the electric wheelchair market.
The Business Research Company's "Global Electric Wheelchair Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Electric Wheelchair Market Include:
1. Executive Summary
2. Electric Wheelchair Market Characteristics
3. Electric Wheelchair Market Trends And Strategies
4. Electric Wheelchair - Macro Economic Scenario
5. Electric Wheelchair Market Size And Growth
…..
26. Africa Electric Wheelchair Market
27. Electric Wheelchair Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Wheelchair Market
29. Electric Wheelchair Market Future Outlook and Potential Analysis
30. Appendix
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