PUBLISHER: The Business Research Company | PRODUCT CODE: 1486812
PUBLISHER: The Business Research Company | PRODUCT CODE: 1486812
Electric wheelchair, also called electric-powered wheelchair, motorized wheelchair or powerchair, is any seating surface with wheels affixed to it. These wheelchairs, powered by electric motors and often equipped with various control systems such as joysticks, touchpads or sip-and-puff devices, offer enhanced mobility and independence to their users.
The electric wheelchair market consists of sales, by entities (organizations, sole traders and partnerships), of electric wheelchairs that are electrically powered wheelchairs suitable for all age groups and are available in various sizes and heights. These are primarily used to transport people with medical conditions, or those who have difficulty walking from one location to another. Electric wheelchairs are utilized in various settings, including homes, healthcare facilities, outdoor environments and public spaces, catering to the needs of both adults and children with mobility issues.
The global electric wheelchair market was valued at $2,690.8 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 10.0%.
Growth In Incidences Of Obesity
The rising incidence of obesity supported the electric wheelchair market during the historic period. Obesity is a complex disease involving an excessive amount of body fat. An appropriate wheelchair can help an obese person become more mobile, allowing them to move around their home freely, attend therapy sessions, travel to sporting events and live as independently as possible. The cardiovascular system benefits from even a little bit more activity in daily life and it also has a stimulating effect. For example, in September 2022, according to the State of Obesity 2022: Better Policies for a Healthier America report published by Trust for America's Health, a US-based non-profit organization that promotes optimal health for every person and community, there are now 19 states with obesity rates above 35%, which is up from 16% in 2021. The states with the highest rates of adult obesity are West Virginia (40.6%), Kentucky (40.3%) and Alabama (39.9%). Additionally, in May 2022, according to official data from the National Family Health Survey-5 (NFHS-5), one out of every four Indians is currently classified as obese. The survey reveals a nationwide increase in obesity rates, rising from 21% to 24% among women and from 19% to 23% among men. Therefore, growth in the incidence of obesity increased the demand for electric wheelchairs in the historic period.
Introduction Of Advanced Wheelchairs To Provide Lightweight and Portable Mobility Solutions
The introduction of advanced wheelchairs is a key trend in the electric wheelchair market. Major companies operating in the electric wheelchair market are focused on developing and introducing wheelchairs with advanced features to sustain their position in the market. For example, in March 2024, Sunrise Medical, a Germany-based manufacturer and distributor of advanced assistive mobility devices and solutions, introduced the QUICKIE Q50 R Carbon, the lightest folding power wheelchair in the QUICKIE lineup, with a transport weight of only 32 pounds. The introduction of the QUICKIE Q50 R Carbon reflects Sunrise Medical's dedication to innovation, emphasizing their focus on developing lightweight, portable mobility solutions that cater to the evolving needs of users seeking independence and ease of mobility.
The global electric wheelchair market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 20.5% of the total market in 2022.
Electric Wheelchair Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global electric wheelchair market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for electric wheelchair? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The electric wheelchair market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider electric wheelchair market; and compares it with other markets.