Press release
Rising Demand for Wheelchairs Driven by Paralympic Games, Technological Advances, and Increasing Disabilities
Wheelchair Market
According to the World Health Organization (WHO), approximately 75 million people worldwide, or 1% of the global population, require wheelchairs. With an estimated 65 million current users, it's noteworthy that four out of five live in low- and middle-income countries. In the United States alone, about 17,700 people suffer spinal cord injuries each year, predominantly affecting men aged 43 on average. The leading cause of these injuries is vehicle accidents, followed by falls and violence.
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Market Drivers
The demand for wheelchairs is largely driven by the increasing number of people living with disabilities. WHO estimates that 1.3 billion people, or 16% of the global population, are living with some form of disability, a number expected to rise as the global population ages. By 2050, the proportion of individuals over 60 years old is projected to double from 12% to 22%, particularly in regions like East Asia, highlighting the urgent need for mobility solutions.
Recent innovations in wheelchair design, such as battery-operated electric wheelchairs, are enhancing user comfort and functionality. For example, the AVIVA FX Power Wheelchair, launched by Invacare Corporation in March 2020, integrates advanced technology for improved comfort and usability both indoors and outdoors. Electric wheelchairs, equipped with features like Bluetooth and advanced batteries, are increasingly popular, particularly among older adults.
Market Restraints
Despite the positive outlook, several challenges persist in the wheelchair market. High costs, with electric wheelchairs ranging from $1,000 to $15,000, can deter potential users. Moreover, ongoing technical issues, limited accessibility to assistive medical equipment, and social stigmas continue to impact market growth.
Product Insights
The wheelchair market is segmented into manual and electric models, with electric wheelchairs accounting for the largest revenue share due to their ease of use and functionality. For instance, the Jazzy EVO 613 launched by Pride Mobility in August 2021 showcases advanced features designed for maximum comfort and performance. In contrast, the manual wheelchair segment is also gaining traction due to its affordability and lighter weight, with the Quickie Nitrum wheelchair announced by Independence Mobility in November 2020 being a notable example.
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Age Category Insights
The adult segment dominates the market, driven by the rising elderly population who often require mobility aids due to conditions like arthritis. By 2030, one in six people globally is expected to be aged 60 or older. In the pediatric category, the increasing prevalence of conditions such as cerebral palsy is pushing the demand for customized wheelchairs, like the Flexx Adapt introduced by Karma Medical in September 2022.
End-Use Insights
Wheelchairs are predominantly utilized in rehabilitation centers, which are expected to account for the largest share of the market due to the growing need for mobility solutions in recovery programs. The WHO reports that 2.4 billion people could benefit from rehabilitation services, emphasizing the need for effective mobility aids.
The hospital segment is anticipated to grow rapidly as healthcare facilities see an increase in patient visits. In September 2021, hospitals in the UK implemented digital wheelchair-sharing stations, showcasing efforts to enhance accessibility and support for patients and visitors in need of wheelchairs.
Wheelchair Top Companies and Competitive Landscape
The global wheelchair market is fragmented, with many medium and large-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing advanced wheelchair products in the market.
Some major players included in the global wheelchair market report are:
Carex
Medical Depot, Inc.
GF Health Products, Inc.
Invacare Corporation.
Medline Industries, Inc.
Sunrise Medical
Karman Healthcare, Inc.
Pride Mobility Products Corp.
Numotion.
Ottobock
Alber GmbH
Handi-Care Intl.
Panthera AB
Hoveround Corporation.
21st Century Scientific, Inc.
Ride Designs
Drive DeVilbiss International
WHILL Inc.
Vissco Rehabilitation Aids Pvt. Ltd.
UPnRIDE Robotics Ltd.
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Wheelchair Latest Industry Updates
In June 2023, Jin Medical International Ltd., a Cayman Islands holding company with Chinese operating entities that manufacture and develop wheelchairs and living aids goods, partnered with Nanjing Tech University to introduce a new ultralight electric wheelchair model as well as an electric mobility vehicle model for the elderly population.
In October 2021, CoMoveIT, a KU Leuven spin-off, developed a smart wheelchair steering system that employs sensors and Artificial Intelligence (AI). The CoMoveIT Smart system is a head/foot steering system with sensors that recognizes and compensates for the user's spontaneous movements.
Wheelchair Market Segmentation Analysis
For the purpose of this report, Emergen research has segmented the global wheelchair market on the basis of product, modality, age category, application, distribution channel, end use, and region:
Product Outlook (Revenue, USD Billion; 2019-2032)
Manual
Electric
Modality Outlook (Revenue, USD Billion; 2019-2032)
Standard Transport Wheelchairs
Self-Propelled Wheelchairs
Sports Wheelchairs
Standing Wheelchairs
Recliners Wheelchairs
Bariatric Wheelchairs
Lightweight Wheelchairs
Age Category Outlook (Revenue, USD Billion; 2019-2032)
Adults
Pediatric
Application Outlook (Revenue, USD Billion; 2019-2032)
Neurologically Impaired Patients
Handicap Patients
Others
Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)
Institutional Sales
Retail Sales
End-use Outlook (Revenue, USD Billion; 2019-2032)
Homecare
Hospitals
Ambulatory Surgical Centers (ASCs)
Rehabilitation Centers
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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Browse More Report By Emergen Research:
Wheelchair Market Size @ https://www.emergenresearch.com/industry-report/wheelchair-market/market-size
Wheelchair Market Share @ https://www.emergenresearch.com/industry-report/wheelchair-market/market-share
Wheelchair Market Trends @ https://www.emergenresearch.com/industry-report/wheelchair-market/market-trends
Wheelchair Regional Market Demand @ https://www.emergenresearch.com/industry-report/wheelchair-market/regional-market-demand
Wheelchair Market Analysis @ https://www.emergenresearch.com/industry-report/wheelchair-market/market-analysis
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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