The global electric wheelchair market size was estimated at USD 6.5 billion in 2022 and is estimated to reach around USD 15.89 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of around 9.4% during the forecast period 2023 to 2032.
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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 the purpose of movement, a joystick is usually used to select the direction in which the movement is desired. This is a machine which is propelled with the help of electric power in order to enable easy movement of the individual. A ball is another option which is provided with the electric wheelchair in order to facilitate movement will stop the motor of the electric wheelchair supplied with power through batteries or alternating current. Rapid increase in the market for electric wheelchair has been recorded as a result of the increasing demand of these advanced machines.
The increasing demand has also facilitated the requirement to develop new technologies. In order to make the electric wheelchairs more durable research and development is carried out rapidly by the key market players. An increasing demand to make the electric wheelchair sturdier in order to carry the obese individuals has encouraged the key market players to increase the total weight of the electric wheelchair. This in turn has a negative impact on the performance of the electric wheelchair which tends to consume more electric power in order to move from a stationary position. Rapid technological advances are experienced in order to make these automated machines an integral part of the society. With the increasing adoption of electric wheelchair, the need for individual caregivers has reduced to a great extent which helps the consumer to be independent and perform movement on their own will.
The introduction of artificial intelligence in the entire system of electric wheelchair has helped to increase the demand to a great extent. This also facilitates the demand in the healthcare sector where movement of the patient within the premises of the hospital becomes the responsibility of a special medical staff. With the introduction of artificial intelligence these wheelchairs can be operated by the disabled individual with the help of facial expressions. Individuals who have a higher degree of disability can also make use of this feature in order to perform movements independently. The occurrence of the pandemic had a significant impact on the electric wheelchair market as a result of the restricted movements and constant lockdowns which were imposed by the government all over the world. The awareness regarding the advancements in the system and availability of automated machines was hampered which affected the growth of the market tremendously. The demand and supply chain was hampered as a result of the lack of transportation facilities and consumers. The aftersales service was also hampered to a great extent as a result of the lockdown. In case of a technical malfunction the management of the electric wheelchair becomes difficult for the disabled person which hampers the growth of the market.
Report Scope of the Electric Wheelchair Market
|Market Size in 2023||
USD 7.08 Billion
|Market Size by 2032||
USD 15.89 Billion
|Growth Rate from 2023 to 2032||CAGR of 9.4%|
|Forecast Period||2023 to 2032|
|Segments Covered||Product, End Users, Age Group and Geography|
|Companies Mentioned||Matsunaga Manufactory Co., Ltd, Meyra Group, Invacare Corporation, Karma Medical Products Co., Ltd, Miki Kogyosho Co., Ltd, Nissin Medical Industries Co., Ltd, Pride Mobility Products Corp, Sunrise Medical (U.S.) LLc, Ottobock Se & Co Kgaa, Permobil AB|
With the rapidly increasing geriatric population all over the world as a result of the improved medical facilities and treatment, the demand for electric wheelchairs has seen a tremendous growth during the recent times. The lucrative offers and advantages which are provided by the government in order to boost the demand for electric wheelchairs has helped to support the market growth to a great extent. Expressions such as raising of the eyebrows and movement of the tongue are recorded by the artificial intelligence system in order to facilitate a movement in the required direction. Around 15% of the population all over the world suffer with some type of disability. As a result of this people are dependent on the caregivers for performing movements. This dependent population proves to be the driving force for the growth of the market.
The occurrence of the pandemic had a major impact as a result of its severe symptoms. A huge number of people found it difficult to walk long distances after being affected by the pandemic which facilitated the use of electric wheelchairs. In order to provide better facilities to the patients in the hospitals and health care centers make use of such advanced wheelchairs which proved to be beneficial for the patient. It has also improved the levels of safety while transferring a patient from a particular location to another. The old age homes also proved to be or driving force for the growth of the market as a result of the rapid increase in the people belonging to the geriatric population. The use of electric wheelchairs has also been experienced in the orthopedic hospitals where movement becomes a great question. The huge number of orthopedic and joint replacement surgeries have helped to boost the market for the electric wheelchair during the present times. These multiple reasons proved to be the growth factors for the market during the forecast period.
On the basis of product type, the center wheel drive type of segment has dominated the segment as a result of its multipurpose usage and multi-dimensional approach. It assists in movement of all the wheels with equal torque which helps to maintain better balance and stability of the wheelchair. it also proves to be more durable as compared to the other types of systems. It provides a small radius while turning the wheelchair. The weight of the front tire is very light and it has an ability to move around narrow pathways which makes it easy to use.
The front wheel drive type records the fastest growth as a result of its rapid sales in the market. It provides more power efficiency as a result of its mechanism. The weight of the front wheels is quite heavy due to the mechanism it follows. The rear-wheel-drive type of mechanism forms the next segment that records a considerable growth in the market during the forecast period.
End Users Insights
On the basis of end user, the market has been dominated by the hospital segment as a result of the rapid demand and supply which is experienced in this sector. Patient usually visit a hospital after the occurrence of any accident or disability. This becomes the first place where the patient is suggested for using of a wheelchair. Hence, the hospitals become a potential market for the supply of the electric wheelchair segment. these products are also extensively used in order to transfer and shift the patients from one place to another to provide maximum comfort and safety to the patient. The strict guidelines which are formulated for the standardization of hospitals and health care centers have boosted the sales and demand of electric wheelchairs in the market.
The home care segment forms the next fastest growing market as a result of the presence of the geriatric population in the society which usually stays at home or old age centers where special attention and care is provided. The caregivers make use of these advanced machines in order to provide maximum comfort and safety to the patients who or at a greater risk of injury pertaining to their health condition. The clinics and smaller healthcare centers forms the last segment.
Electric Wheelchair Market Share, By Region, 2022 (%)
|Regions||Revenue Share in 2022 (%)|
On the basis of geography, the market has been dominated by the North American region as a result of the geriatric population residing in this region. The advanced healthcare facilities that are made available to the people by the government boosts the demand of modern equipments in the hospitals in order to remain updates at all times. Special attention is given to this category in the old age homes by providing the best possible services. The European countries form the next largest market for the electric wheelchair as a result of the rapid developments in the healthcare industry. With the increasing prevalence of road traffic accidents the demand for electric wheelchairs has also increased tremendously.
The Asia Pacific region has proved to be a potential market for the electric wheelchair as a result of the rapid advancements and developments seen in this sector. The tremendous increase in population of this region has increased the consumption of advanced facilities by the people. As a result of their growing disposable income people in the developing nations can afford such advanced technologies.
Key market players
Segments covered in the report
By End Users
By Age Group
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