Press release
Electric Wheelchair Market Analysis 2024-2033 : Market Size, Top Segments, Leading Region Forecast | Invacare Corporation, Sunrise Medical Limited, Pride Mobility Products Corp, Permobil AB, Ottobock SE & Co. KGaA
Electric Wheelchair Global Market Report
The Business Research Company presents an extensive market research report on the Electric Wheelchair Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The electric wheelchair market size has grown rapidly in recent years. It will grow from $4.86 billion in 2023 to $5.58 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to rise in orthopedic surgeries, growth in incidences of obesity, rapid growth in geriatric population and regulations favoring disabled friendly places.
The electric wheelchair market size is expected to see rapid growth in the next few years. It will grow to $8.8 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to increasing government initiatives, growing demand for electric mobility devices for people with disability, healthcare infrastructure improvements and rise in healthcare expenditure. Major trends in the forecast period include launching smart wheelchair, next generation rear-wheelchair, venerable e-motion power-assist system, new lightweight electric wheelchair, technology advancement and focus on strategic partnership and collaborations.
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Key Market Players:
Major companies operating in the electric wheelchair market report are Invacare Corporation, Sunrise Medical Limited, Pride Mobility Products Corp, Permobil AB, Ottobock SE & Co. KGaA, Golden Technologies, Drive Medical Ltd, Hoveround Corporation, GF Health Products, Karman Healthcare, Ostrich mobility, Motorized, Hero, Med-e-move, Vissco, Micro & Nano Technologies, Guangdong Kaiyang Medical, Yongkang Goodbrother, Jiangsu Yuyue Medical, Hebei Satcon Medical, Evox Therapeutics, Phoenix, Linet, Karma, Reac Poland Sp.Zoo, Mobilex, Quantum Rehab, Medline, Graham field Health Products Inc, Numotion, Carex Health Brands Inc, AGA Sanitätsartikel GmbH, Brumaba GmbH & Co. KG, medifa-hesse GmbH & Co. KG, UFSK-International OSYS GmbH, Stiegelmeyer GmbH & Co. Kg, Mr. Wheelchair, Medop CC, CE Mobility, CareChamp, Sitwell Technologies, Sheer Mobility
Market Drivers:
An increase in the incidence of spinal deformities is contributing to the growth of the electric wheelchair market. 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. For instance, according to the Columbia University Irving Medical Center, Scoliosis, a widespread, occasionally genetic spinal disorder that causes the spine to curve, affects 2% to 3% of Americans, or between 6 million to 9 million people in 2021. An increase in the incidence of spinal deformities will drive the growth of the electric wheelchair market.
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https://www.thebusinessresearchcompany.com/report/electric-wheelchair-global-market-report
The electric wheelchair market covered in this report is segmented -
1) By Product Type: Center Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Rear Wheel Drive Electric Wheelchair, Standing Electric Wheelchair, Other Products
2) By Category: Adults, Pediatric
3) By Application: Homecare, Hospitals, Ambulatory Surgical Centers, Rehabilitation Centers, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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