Global Electric Wheelchair Market Research Report—Forecast till 2027
Global Electric Wheelchair Market is anticipated to exhibit a CAGR of 7.23% during the forecast period, to surpass USD 5,414.9 million by the end of 2027. The global market growth is attributed to the rising number of physically challenged and geriatric populations worldwide.
The global electric wheelchair market is expected to register a significant market expansion during the review period. Electric wheelchairs are used by elderly and disabled people, as they face difficulties to operate a manual wheelchair effectively. However, the high cost, larger size, high maintenance, and repair are expected to restrain the global market during the review period.
Global Electric Wheelchair Market has been classified into Type and End User.
In terms of type segment, the global electric wheelchair market has been classified into center wheel drive chair, front-wheel drive chair, and rear-wheel drive chair. The center wheel drive chair segment is expected to drive the largest market share owing to the rising adoption of center wheel drive electrical wheel. Additionally, these wheelchairs have more benefits over manual wheelchairs such as, increased travel distance, the minimalized effort for mobilization, and making users independent to carry out daily activities.
Based on the End-User segment, the Global Electric wheelchair Market has been segmented into Home Care Settings, Hospitals & Clinics, and Others.
Geographically, the Global Electric Wheelchair Market has been classified into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is likely to command the global market because of the high purchasing rate of electric wheelchairs in the region and technological advancements in electric wheelchairs. The regional market has been divided into North America and Latin America, with the North American market further bifurcated into the US and Canada.
The European electric wheelchair market has been segmented into Western Europe and Eastern Europe. The Western Europe electric wheelchair market has further been divided into Germany, France, the UK, Italy, Spain, and the rest of Western Europe. Europe is expected to register the second largest market for the global electric wheelchair during the review period owing to the favorable government initiatives and a large target population base, because of the rising number of physically challenged people in the region.
The electric wheelchair Market in Asia-Pacific has been classified into China, India, Japan, South Korea, Australia, and the Rest of Asia-Pacific. Asia-Pacific is expected to register the fastest market growth potential over the forecast period owing to rising per capita health spending, emerging of the healthcare sector in China, India, and Australia, growing investments in the Asia-Pacific region by manufacturers to expand their product portfolio are propelling the growth of the regional market growth in future.
The Middle East & Africa electric wheelchair market has been classified into the Middle East and Africa. The prevalence of orthopedics disorders and funding by private players and government bodies is expected to propel the market growth in this region.
The Key Players in the Global Electric Wheelchair Market are GF Health Products, Inc. (US), Sunrise Medical (Germany), Quantum Rehab (US), Permobil AB (Sweden), Pride Mobility Products Corp (US), Invacare Corporation, Drive Medical (US), Ottobock (Germany), Levo AG (Switzerland), and Karman Healthcare, Inc. (US).
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