Wheelchair Market Set to Surge to USD 14.7 Billion by 2030

Published Date : 25 Apr 2024

The global wheelchair market size exceeded USD 7.79 billion in 2023 and is expected to surge around USD 14.7 billion by 2030, expanding at a CAGR of 9.49% from 2022 to 2030. The market is growing due to the increased elderly generation globally, the rising incidence of accidents among youngsters, and the increasing handicapped population.

Wheelchair Market Size and Growth Rate From 2022 to 2030

Market Overview

The wheelchair market deals with the production of wheelchairs. The need for wheelchairs is increasing due to the increasing aging population, the number of disorders that lead to physical inability, and increasing accidents in the younger population and handicapped people. Advanced technologies are used to build wheelchairs that have smart functions for monitoring and navigating. These functions enhance patient satisfaction. Apart from this, there are electric wheelchairs that run on batteries and do not require physical work. By adopting more technologies, the user experience can be enhanced, which will boost the growth of the market.

  • According to the World Health Organization, 2.5 billion people globally need assistive products, 80 million of whom need wheelchairs. The number of people who need assistive technology is estimated to be 3.5 billion by 2050.

The increasing elderly population and neurological disorders fuel the market’s growth

The globally increasing elderly population is the driver for the wheelchair market because the elderly are the primary users of wheelchairs in the market. Due to health conditions and physical inability, they need a wheelchair to move from one place to the other. Manufacturers are responding by creating wheelchairs that cater to the unique needs of older users, such as lightweight models, ergonomic designs, and ease of use. Also, neurological disorders such as brain tumors, acute spinal cord injury, stroke (brain attack), and others are increasing, and the demand for wheelchairs is growing. Wheelchairs provide independence, which allows people to go anywhere without someone else's help.

However, the cost of manufacturing can be a restraint for the market. Producing wheelchairs with advanced features and technology can be a bit costly, and manufacturing design and technology require high investment for better production. As the manufacturing cost is high, the wheelchair cost is also high, and because of that, people who need wheelchairs may struggle because of the high cost, which will impact the market negatively.

Wheelchair Market Report Scope

Report Coverage Details
Market Revenue in 2023 USD 7.79 Billion
Projected Forecast Revenue by 2033 USD 14.7 Billion
Growth Rate from 2023 to 2030 CAGR of 9.49%
Largest Market North America
Base Year 2022
Forecast Period 2023 to 2030
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Top Companies in the Wheelchair Market

  • Quantum Rehab (U.S.)
  • Silverline Meditech Pvt. Ltd.
  • Stryker India Pvt. Ltd
  • Invacare Corporation
  • Karma Healthcare Limited
  • Levo AG (Switzerland)
  • Medical Depot Incorporation
  • Medline
  • MEYRA GROUP GMBH (Germany)
  • NeoBolt
  • Numotion
  • Ostrich Mobility Instruments Pvt. Ltd
  • OttoBock Healthcare India Pvt. Ltd
  • Permobil AB
  •  Kalogon

Recent Development by NeoStand

  • In March 2024, IIT Madras launched NeoStand, a new electric standing wheelchair compact that comes with a standing mechanism and is easy to use.

Recent Development by Kalogon

  • In April 2024, Kalogon launched a custom wheelchair cushion orbiter med to meet the individual seating and positioning needs of each patient.

Recent Development by QVC:

  • In March 2024, QVC collaborated with NYDJ to launch the brand’s first wheelchair-fit design jeans.

Regional Insights

Asia Pacific is expected to grow at the fastest rate during the forecast period due to several factors, such as the rising elderly population and increasing physical disabilities among the elderly. Also, there is an increasing number of handicapped patients who need wheelchairs for physical support. In the Asia Pacific, India is growing due to advancements in wheelchairs and the rising prevalence of disease among old people. India also has top wheelchair manufacturing companies such as EvoxMedical, Visso, PEAAR Healthcare LLP, Arcatron Mobility, Kosmochem Home Healthcare, and more.

  • In April 2024, Indian Creek Nature Center (ICNC) launched the all-terrain wheelchair campaign to bring nature to those with mobility impairments.

North America dominated the wheelchair market due to the increasing number of disabled people, the rising old age population, and increasing accidents, and the demand for wheelchairs is growing. North America has amazing advanced technology supporters who help in the production of new wheelchairs with features; they have market players who develop smart wheelchairs and raise the market growth. In the U.S., there are approximately 3.3 million people who use wheelchairs.

Market Potential and Growth Opportunity

Integration of advanced technology and AI

The advancement of new wheelchairs in the market for different types of user demand is an opportunity for the wheelchair market. Smart or electric wheelchairs with sensors and connection features are also a great opportunity. Companies in the market have a great opportunity to manufacture wheelchairs with advanced technology in light material weight. These technological advances can enhance the functionality and user experience of wheelchairs, making them more accessible and beneficial for individuals. AI can be used in smart wheelchairs, such as sensors and cameras, which can be integrated into wheelchairs to improve safety and efficiency; the development of cost-effective smart wheelchairs can be a significant opportunity for companies that manufacture these wheelchairs. As the number of elderly people and disorders increases, the demand for wheelchairs also increases in the market.

The Wheelchair Market News

  • In April 2024, Pitt’s SHRS invented AI medical diagnostics and inspired innovation in assistive technology, including an AI tool that detects an affordable wheelchair.
  • In January 2024, Robooter is a startup focused on Robooter X 40, a semi-outdoor, electrically foldable wheelchair.
  • In April 2024, the United States launched a new digital sizing tool to help customers determine the right aircraft for people who use wheelchairs.
  • In October 2023, G Square launched the wheel of hope in south India’s largest plot promoter. And aims to distribute over 1000 motorized wheelchairs.
  • In July 2023, in the push for inclusive technology & renewable energy, a solar-powered low-cost wheelchair was launched in Tripura.

Market Segmentation

By Product 

  • Manual
  • Electric

By Category

  • Adults
  • Paediatric

By Application

  • Homecare
  • Hospitals
  • Ambulatory Surgical Centers
  • Rehabilitation Centers

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