Wheelchair Market size to grow by USD 1,527.89 million from 2022 to 2027; Growing healthcare expenditure is expected to drive market growth

Home Wheelchair Market size to grow by USD 1,527.89 million from 2022 to 2027; Growing healthcare expenditure is expected to drive market growth
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Research Report Focuses on Top Companies and Crucial Drivers, Current Growth Dynamics, Futuristic Opportunities, and New Product/Project Launches

NEW YORK, June 2, 2023 /PRNewswire/ — The wheelchair market to grow by USD 1,527.89 million at CAGR of 7.56% from 2022 to 2027, according to the latest research report from Technavio. The growth of the market depends on several factors, including growing healthcare expenditure, enhanced post-treatment services, and the rising geriatric population. Discover Health Care Equipment industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

Vendor Landscape

The wheelchair market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

  • Compass Health Brands: The company offers wheel chairs such as ProBasics K2 wheelchair, ProBasics K4 high performance lightweight wheelchair, ProBasics K1 standard wheelchair.
  • Etac AB: The company offers wheelchairs such as Etac Cross 6, Etac Cross 5XL, Etac Crissy Swing Away.
  • Forza Medi India Pvt. Ltd: The company offers wheelchairs under its brand Forza Freedom.

For market’s vendor landscape highlights with a comprehensive list of vendors and their offerings – View Report Sample

Key Market Segmentation

Market segmentation by Product

  • Manual wheelchair
  • Powered wheelchair
  • Market segmentation by End-user
  • Personal
  • Hospitals
  • Sports conditioning

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The demand for manual wheelchairs, a key factor in this market’s expansion, is being influenced by the growing elderly population. The geriatric population is supporting the adoption of manual wheelchairs and fueling the growth of the global manual wheelchair market with the rising demand for them, their increased availability in regional markets, and their low prices.

Due to the increase in disposable income of people in developing countries, the global market for manual wheelchairs is anticipated to expand at an accelerating rate during the forecast period. Increased healthcare costs will be a result of the rise in disposable income. The demand for manual wheelchairs will increase as people begin to prefer them over low-end mobility aids like canes, crutches, and walkers because of their greater convenience. During the forecast period, the vendors’ efforts to meet the increased demand are anticipated to push them to broaden their product offerings and market penetration.

View Sample Report in minutes of this report for more highlights into the market segments.

Regional Market Outlook

The US contributed the major share to the market for wheelchairs in North America in 2021. According to the CDC, the percentage of Americans over 65 years is expected to rise from 12.4% in 2000 to 19.6% in 2030. A rise in wheelchair demand is also guaranteed in North America over the course of the forecast period due to technological advancements in product design, structure, and use as well as the availability of reimbursements from healthcare insurance providers.
The demand for these products in North America is also being driven by an increase in brain stroke prevalence. In the US, severe long-term disabilities are primarily brought on by stroke. In the US, about 150,000 cases of lower limb loss are reported annually. Such incidents increase the need for wheelchairs in the nation. the profusion of several suppliers, including Invacare Corp. and Medical Depot Inc., as well as Sunrise Medical LLC. and their sizable North American distribution networks also significantly contribute to the expansion of the local market.
One in four adults in the US, according to the CDC, has a disability, including vision, hearing, mobility, or cognitive impairment. In addition, 39 million Americans, or 16% of the population, have physical limitations, and 17 million of them find walking extremely difficult or impossible. However, widespread vaccination campaigns that resulted in the reopening of manufacturing facilities in 2021 marked the beginning of normal operations. Therefore, it is anticipated that the aforementioned elements will fuel market expansion in the area over the course of the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

The wheelchair market covers the following areas:

Wheelchair Market Sizing
Wheelchair Market Forecast
Wheelchair Market Analysis
 

Companies Mentioned

  • 21st Century Scientific Inc.
  • Compass Health Brands
  • Etac AB
  • Forza Medi India Pvt. Ltd.
  • GF Health Products Inc.
  • Hoveround Corp.
  • Invacare Corp.
  • Karma Medical Products Co. Ltd.
  • Karman Healthcare Inc.
  • Ki Mobility
  • Magic Mobility Pty Ltd.
  • Medical Depot Inc.
  • Medline Industries LP
  • NOVA Medical Products
  • Ostrich Mobility Instruments Pvt. Ltd.
  • Ottobock SE and Co. KGaA
  • Permobil AB
  • Pride Mobility Products Corp.
  • Rainbow Care Pte Ltd.
  • Sunrise Medical LLC

Related Reports:

The automatic stair climbing wheelchair market is projected to grow by USD 619.69 million with a CAGR of 12.6% during the forecast period 2021 to 2026. Increased demand for stairlifts due to the rising ageing population is one of the key drivers supporting the market’s growth. This market research report extensively covers the market segmentation by modified type (manual and powered) and geography (North America, Europe, Asia, and the Rest of the World (ROW)).

The electric wheelchairs market size is estimated to grow at a CAGR of 11.04% between 2022 and 2027. The market size is forecast to increase by USD 1,797.53 million. The growth of the market depends on several factors, including the increasing prevalence of orthopedic and neurologic disorders, the growing demand for rehabilitation services, and new product launches. This electric wheelchairs market report extensively covers market segmentation by end-user (personal, hospitals, and sports conditioning), product (dry-battery electric wheelchairs and wet-battery electric wheelchairs), and geography (North America, Europe, Asia, and Rest of World (ROW)).

The pediatric wheelchairs market share is expected to increase by USD 767.19 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.26%. The enhanced post-treatment services is one of the key drivers supporting the pediatric wheelchairs market growth. This pediatric wheelchairs market research report extensively covers pediatric wheelchairs market segmentations by product (manual wheelchairs and powered wheelchairs) and geography (North America, Europe, Asia, and Rest of World (ROW)).

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Wheelchair Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.56%

Market growth 2023-2027

USD 1,527.89 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.6

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 36%

Key countries

US, Germany, France, China, and India

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

21st Century Scientific Inc., Compass Health Brands, Etac AB, Forza Medi India Pvt. Ltd., GF Health Products Inc., Hoveround Corp., Invacare Corp., Karma Medical Products Co. Ltd., Karman Healthcare Inc., Ki Mobility, Magic Mobility Pty Ltd., Medical Depot Inc., Medline Industries LP, NOVA Medical Products, Ostrich Mobility Instruments Pvt. Ltd., Ottobock SE and Co. KGaA, Permobil AB, Pride Mobility Products Corp., Rainbow Care Pte Ltd., and Sunrise Medical LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.4 Market outlook: Forecast for 2022-2027
    • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global wheelchair market 2017 – 2021
    • Exhibit 18: Historic Market Size – Data Table on Global wheelchair market 2017 – 2021 ($ million)
  • 4.2 Product Segment Analysis 2017 – 2021
    • Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ million)
  • 4.3 End-user Segment Analysis 2017 – 2021
    • Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 – 2021
    • Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 – 2021
    • Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

  • 6.1 Market segments 
    • Exhibit 30: Chart on Product – Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Product – Market share 2022-2027 (%)
  • 6.2 Comparison by Product 
    • Exhibit 32: Chart on Comparison by Product
    • Exhibit 33: Data Table on Comparison by Product
  • 6.3 Manual wheelchair – Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Manual wheelchair – Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Manual wheelchair – Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Manual wheelchair – Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Manual wheelchair – Year-over-year growth 2022-2027 (%)
  • 6.4 Powered wheelchair – Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Powered wheelchair – Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Powered wheelchair – Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Powered wheelchair – Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Powered wheelchair – Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Product 
    • Exhibit 42: Market opportunity by Product ($ million)
    • Exhibit 43: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

  • 7.1 Market segments 
    • Exhibit 44: Chart on End-user – Market share 2022-2027 (%)
    • Exhibit 45: Data Table on End-user – Market share 2022-2027 (%)
  • 7.2 Comparison by End-user 
    • Exhibit 46: Chart on Comparison by End-user
    • Exhibit 47: Data Table on Comparison by End-user
  • 7.3 Personal – Market size and forecast 2022-2027
    • Exhibit 48: Chart on Personal – Market size and forecast 2022-2027 ($ million)
    • Exhibit 49: Data Table on Personal – Market size and forecast 2022-2027 ($ million)
    • Exhibit 50: Chart on Personal – Year-over-year growth 2022-2027 (%)
    • Exhibit 51: Data Table on Personal – Year-over-year growth 2022-2027 (%)
  • 7.4 Hospitals – Market size and forecast 2022-2027
    • Exhibit 52: Chart on Hospitals – Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Data Table on Hospitals – Market size and forecast 2022-2027 ($ million)
    • Exhibit 54: Chart on Hospitals – Year-over-year growth 2022-2027 (%)
    • Exhibit 55: Data Table on Hospitals – Year-over-year growth 2022-2027 (%)
  • 7.5 Sports conditioning – Market size and forecast 2022-2027 
    • Exhibit 56: Chart on Sports conditioning – Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Data Table on Sports conditioning – Market size and forecast 2022-2027 ($ million)
    • Exhibit 58: Chart on Sports conditioning – Year-over-year growth 2022-2027 (%)
    • Exhibit 59: Data Table on Sports conditioning – Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by End-user 
    • Exhibit 60: Market opportunity by End-user ($ million)
    • Exhibit 61: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 65: Chart on Geographic comparison
    • Exhibit 66: Data Table on Geographic comparison
  • 9.3 North America – Market size and forecast 2022-2027
    • Exhibit 67: Chart on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 68: Data Table on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 69: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 70: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 9.4 Europe – Market size and forecast 2022-2027
    • Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 9.5 Asia – Market size and forecast 2022-2027
    • Exhibit 75: Chart on Asia – Market size and forecast 2022-2027 ($ million)
    • Exhibit 76: Data Table on Asia – Market size and forecast 2022-2027 ($ million)
    • Exhibit 77: Chart on Asia – Year-over-year growth 2022-2027 (%)
    • Exhibit 78: Data Table on Asia – Year-over-year growth 2022-2027 (%)
  • 9.6 Rest of World (ROW) – Market size and forecast 2022-2027 
    • Exhibit 79: Chart on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
    • Exhibit 80: Data Table on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
    • Exhibit 81: Chart on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
    • Exhibit 82: Data Table on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
  • 9.7 US – Market size and forecast 2022-2027
    • Exhibit 83: Chart on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 84: Data Table on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 85: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 86: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 9.8 China – Market size and forecast 2022-2027
    • Exhibit 87: Chart on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 88: Data Table on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 89: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 90: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 9.9 Germany – Market size and forecast 2022-2027
    • Exhibit 91: Chart on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 92: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 93: Chart on Germany – Year-over-year growth 2022-2027 (%)
    • Exhibit 94: Data Table on Germany – Year-over-year growth 2022-2027 (%)
  • 9.10 India – Market size and forecast 2022-2027
    • Exhibit 95: Chart on India – Market size and forecast 2022-2027 ($ million)
    • Exhibit 96: Data Table on India – Market size and forecast 2022-2027 ($ million)
    • Exhibit 97: Chart on India – Year-over-year growth 2022-2027 (%)
    • Exhibit 98: Data Table on India – Year-over-year growth 2022-2027 (%)
  • 9.11 France – Market size and forecast 2022-2027
    • Exhibit 99: Chart on France – Market size and forecast 2022-2027 ($ million)
    • Exhibit 100: Data Table on France – Market size and forecast 2022-2027 ($ million)
    • Exhibit 101: Chart on France – Year-over-year growth 2022-2027 (%)
    • Exhibit 102: Data Table on France – Year-over-year growth 2022-2027 (%)
  • 9.12 Market opportunity by geography 
    • Exhibit 103: Market opportunity by geography ($ million)
    • Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.3 Impact of drivers and challenges 
    • Exhibit 105: Impact of drivers and challenges in 2022 and 2027

11 Vendor Landscape

  • 11.2 Vendor landscape 
    • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 107: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 108: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 109: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 110: Matrix on vendor position and classification
  • 12.3 21st Century Scientific Inc. 
    • Exhibit 111: 21st Century Scientific Inc. – Overview
    • Exhibit 112: 21st Century Scientific Inc. – Product / Service
    • Exhibit 113: 21st Century Scientific Inc. – Key offerings
  • 12.4 Compass Health Brands 
    • Exhibit 114: Compass Health Brands – Overview
    • Exhibit 115: Compass Health Brands – Product / Service
    • Exhibit 116: Compass Health Brands – Key offerings
  • 12.5 Etac AB 
    • Exhibit 117: Etac AB – Overview
    • Exhibit 118: Etac AB – Product / Service
    • Exhibit 119: Etac AB – Key offerings
  • 12.6 Forza Medi India Pvt. Ltd. 
    • Exhibit 120: Forza Medi India Pvt. Ltd. – Overview
    • Exhibit 121: Forza Medi India Pvt. Ltd. – Product / Service
    • Exhibit 122: Forza Medi India Pvt. Ltd. – Key offerings
  • 12.7 GF Health Products Inc. 
    • Exhibit 123: GF Health Products Inc. – Overview
    • Exhibit 124: GF Health Products Inc. – Product / Service
    • Exhibit 125: GF Health Products Inc. – Key offerings
  • 12.8 Hoveround Corp. 
    • Exhibit 126: Hoveround Corp. – Overview
    • Exhibit 127: Hoveround Corp. – Product / Service
    • Exhibit 128: Hoveround Corp. – Key offerings
  • 12.9 Invacare Corp. 
    • Exhibit 129: Invacare Corp. – Overview
    • Exhibit 130: Invacare Corp. – Business segments
    • Exhibit 131: Invacare Corp. – Key offerings
    • Exhibit 132: Invacare Corp. – Segment focus
  • 12.10 Karma Medical Products Co. Ltd. 
    • Exhibit 133: Karma Medical Products Co. Ltd. – Overview
    • Exhibit 134: Karma Medical Products Co. Ltd. – Product / Service
    • Exhibit 135: Karma Medical Products Co. Ltd. – Key offerings
  • 12.11 Karman Healthcare Inc. 
    • Exhibit 136: Karman Healthcare Inc. – Overview
    • Exhibit 137: Karman Healthcare Inc. – Product / Service
    • Exhibit 138: Karman Healthcare Inc. – Key offerings
  • 12.12 Ki Mobility 
    • Exhibit 139: Ki Mobility – Overview
    • Exhibit 140: Ki Mobility – Product / Service
    • Exhibit 141: Ki Mobility – Key offerings
  • 12.13 Medical Depot Inc. 
    • Exhibit 142: Medical Depot Inc. – Overview
    • Exhibit 143: Medical Depot Inc. – Product / Service
    • Exhibit 144: Medical Depot Inc. – Key offerings
  • 12.14 Ottobock SE and Co. KGaA 
    • Exhibit 145: Ottobock SE and Co. KGaA – Overview
    • Exhibit 146: Ottobock SE and Co. KGaA – Product / Service
    • Exhibit 147: Ottobock SE and Co. KGaA – Key offerings
  • 12.15 Permobil AB 
    • Exhibit 148: Permobil AB – Overview
    • Exhibit 149: Permobil AB – Product / Service
    • Exhibit 150: Permobil AB – Key offerings
  • 12.16 Pride Mobility Products Corp. 
    • Exhibit 151: Pride Mobility Products Corp. – Overview
    • Exhibit 152: Pride Mobility Products Corp. – Product / Service
    • Exhibit 153: Pride Mobility Products Corp. – Key offerings
  • 12.17 Sunrise Medical LLC 
    • Exhibit 154: Sunrise Medical LLC – Overview
    • Exhibit 155: Sunrise Medical LLC – Product / Service
    • Exhibit 156: Sunrise Medical LLC – Key offerings

13 Appendix

  • 13.1 Scope of the report 
  • 13.2 Inclusions and exclusions checklist
    • Exhibit 157: Inclusions checklist
    • Exhibit 158: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 159: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 160: Research methodology
    • Exhibit 161: Validation techniques employed for market sizing
    • Exhibit 162: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 163: List of abbreviations

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