Electric Wheelchair Market, Size, Share, growth and Key Players | Forecast (2023 - 2028) | Renub Research

According to a Renub Research report titled "Electric Wheelchair Market, Global Forecast By Product (Centre wheel drive, front-wheel drive, rear-wheel drive, standing electric wheelchair, and others), Age group (Below 20 years, 21 to 60 years and Above 60 Years), End Users (Hospitals, Clinics, and Care Homes), Geography (North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa and ROW), Company Analysis 2022-2030," the Electric Wheelchair Market size is anticipated to attain US$ 6.60 Billion by 2030, growing at a CAGR of 8.85% during 2022-2030.

Wheelchairs have become essential medical devices for many disabled persons, providing them with mobility and independence. The electric wheelchair mainly makes use of batteries and motors, which help it to move from one place to another when supplied with electric power. For movement, a joystick is usually used to select the direction in which the movement is desired. This machine is propelled with the help of electric power to enable easy movement of the individual. A ball is another option provided with the electric wheelchair to facilitate movement that will stop the motor of the electric wheelchair supplied with power through batteries or alternating current.

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Disability results from the interaction between health conditions such as blindness, dementia, spinal cord injury, and environmental or personal factors. According to a study published by the World Health Organization (WHO) in December 2022, around 1.3 billion people, which is about 16% of the population, experience significant disabilities. The prevalence of disability is growing owing to increasing non-communicable diseases as well as people living longer. The market for electric wheelchairs will also benefit from the favourable reimbursement environment in developed economies. For example, Part B of Medicare covers power-operated vehicles, with users responsible for just 20% of the total cost and Medicare covering 80%. This is only true if the doctor issues a formal order stating that a wheelchair is required at home.

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The rapid increase in the market for electric wheelchairs, along with the growing demand for advanced machines, is expected to fuel the market's CAGR worldwide in the coming years. Evolving technological advancements in wheelchair designs are a key trend expected to drive future sales for the market. The launch of battery-operated electric wheelchairs is expected to assist the users better. Additionally, with the improvement in the design, the wheelchairs are now capable of storing and connecting the device with the patient's medical history and even monitoring the users' health.

North America dominated the Electric Wheelchair Market

As in keeping with the U.S. Census Bureau, mobility is the maximum not unusual incapacity amongst older Americans. 61 Million Adults stay with incapacity within the U.S., out of which 13.7% have mobility incapacity with severe trouble on foot or climbing stairs. The developing geriatric populace inside the U.S., which calls for long-term care, the provision of technologically improved merchandise, and the growing demand for domestic healthcare offerings and staff, are elements using the industry. The COVID-19 pandemic has interrupted and impacted the wheelchair production companies' operations and corporations and can continue further due to government-imposed mandated closures, paintings-from-home orders, and social distancing guidelines, in addition to voluntary facility closures. The government's coverage regarding the COVID-19 pandemic is still adapting and evolving.

The Renub Research report has covered all the key players in the wheelchair market, including Stryker Corporation, Smith & Nephew plc, Integra LifeSciences Holdings, MiMedx, Organogenesis Net, Wright Medical Group Inc, Applied Biologics LLC, FzioMedInc, Katena, Inc, and Tissue-Tech Inc.

Product Type - Market have been covered from 5 viewpoints:
1. Centre Wheel Drive
2. Front Wheel Drive
3. Rear Wheel Drive
4. Standing Electric Wheelchair
5. Others

Age group - Market have been covered from 3 viewpoints:
1. Below 20 years
2. 21 to 60 years
3. Above 60 Years

End Users - Market have been covered from 3 viewpoints:
1. Hospital
2. Clinics
3. Care Homes

Region - Market have been covered from 6 viewpoints:
1. North America
1.1 United States
1.2 Canada

2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey

3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand

4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina

5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa

6. Rest of the World

Company Insights:
• Overview
• Recent Development
• Revenue

Company Analysis:
1. Invacare Corporation
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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