According to the recent study the electric wheelchair market is projected to reach an estimated $7.6 billion by 2028 from $4.9 billion in 2023, at a CAGR of 9.2% from 2023 to 2028. Growth in this market is primarily driven by increasing geriatric population, growing prevalence of disabilities globally, and rising integration of artificial intelligence in automated chairs.
A more than 150 – page report is developed to understand trends, opportunities and forecast in electric wheelchair market by product type (center wheel drive, front wheel drive, rear wheel drive, and standing electric wheelchairs), end use industry (hospitals & clinics, home care, and sports conditioning), and region (North America, Europe, Asia Pacific, and the Rest of the World).
“Center wheel drive market is expected to remain the largest segment during the forecast period.”
Based on product type, the electric wheelchair market is segmented into center wheel drive, front wheel drive, rear wheel drive, and standing electric wheelchairs. Lucintel forecasts that the center wheel drive market is expected to remain the largest segment due to the substantial demand for this product owing to its smaller turning radius, lightweight front tires, ease of mobility in confined locations, and improved stability of center wheel drive.
“Within the electric wheelchair market, the hospitals & clinics segment is expected to remain the largest end use industry”
Based on end use industry the hospitals & clinics segment is expected to witness the highest growth over the forecast period due to the increasing number of patients being admitted with injuries or disabilities and a wide usage of these chairs to facilitate patients' mobility in hospitals.
“North America will dominate the electric wheelchair market in near future”
North America will remain the largest region due to the presence of well-established healthcare infrastructure, favorable government spending for continually upgrading medical equipment, and increased demand for these chairs in old age homes in order to deliver the best services in the region.
Major players of electric wheelchair market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Matsunaga Manufactory, Meyra Group, Invacare Corporation, Karma Medical Products, Miki Kogyosho, and Nissin Medical are among the major electric wheelchair providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]