Press release
Relentless Growth of Electric Wheelchair Market: Projected Market Size, Key Drivers, and Trends
Electric Wheelchair Market
The electric wheelchair market has shown significant growth over the past few years and is projected to continue this trend.
•The market size grew from $5.2 billion in 2024 to approximately $5.84 billion in 2025, growing at a CAGR of 12.3%.
•By 2029, the market is predicted to reach $8.88 billion, with an expected CAGR of 11.1%.
Rise in orthopedic surgeries, growth in obesity, an increase in the elderly population, disabled-friendly regulations, growing government initiatives and improvements in healthcare infrastructure have been major contributors to this growth.
What Is Driving The Growth In The Electric Wheelchair Market?
The electric wheelchair market growth can largely be attributed to the increase in the prevalence of spinal deformities like scoliosis. Various studies have shown a persistent rise in the incidence of such disorders, leading to an increased need for mobility assistance devices such as electric wheelchairs. For instance, a study conducted by the Journal of Health in Scotland in July 2024 showed that out of 2.22 million youngsters studied, the prevalence of scoliosis was 1.20%, with girls being 1.57 times more likely to have the condition than boys.
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Who Are the Key Players Driving Electric Wheelchair Market Growth?
The following companies have a significant stake in the electric wheelchair market:
•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
What Are The Key Trends In The Electric Wheelchair Market?
Key trends in the electric wheelchair market include:
•Launch of smart wheelchairs.
•Introduction of next-generation rear-wheelchairs.
•Development of powerful e-motion assist systems.
•Advancements in lightweight electric wheelchairs technology.
•Focus on strategic partnerships and collaborations.
What Are The Segments Of The Global Electric Wheelchair Market?
The electric wheelchair market can be segmented as follows:
1)By Product Type: Center Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing and Other Products
2)By Category: Adults and Pediatric
3)By Application: Homecare, Hospitals, Ambulatory Surgical Centers, Rehabilitation Centers, Other Applications
Which Region Leads The Electric Wheelchair Market?
North America was the largest region in the electric wheelchair market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period.
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What Is Covered In The Electric Wheelchair Market Global Market Report?
- Market Size Analysis: Analyze the Electric Wheelchair Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electric Wheelchair Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electric Wheelchair Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electric Wheelchair Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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