Market Overview:

The Wheel Chairs Market size is estimated to reach $9.1 billion by 2030, growing at a CAGR of 10.2% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Wheel Chairs Market – By Type (Electric Wheel Chair (Centre Wheel Drive Electric Wheel Chair, Front Wheel Drive Electric Wheel Chair, Standing Electric Wheel Chair, Rear Wheel Drive Electric Wheel Chair, Others), Non-Electric Wheel Chair), By End User (Hospitals, Rehab Centers, Home, Sports and Athletics, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Rising elderly population and expanding rehabilitation facilities are fueling the growth of the Wheel Chairs industry during the forecast period.

North America Dominated the Market in 2023:

North America dominated the Wheelchairs Market in 2023 with a 32% share, driven by increased electric wheelchair adoption in homes and hospitals. The Population Reference Bureau predicts that the number of Americans aged 65+ will grow by 47%, from 58 million in 2023 to 82 million in 2050, raising their population share from 17% to 23%. As of 2023, 58 million U.S. adults (17.3% of the population) were aged 65 or older. Advanced healthcare infrastructure and increasing electric wheelchair adoption in the U.S., Canada, and Mexico are key drivers, ensuring steady demand for mobility solutions in the region. 

Wheel Chairs Market: Key Takeaways

Innovations in Electric Wheelchairs:

AI-powered electric wheelchairs are revolutionizing the market, integrating eye-tracking and LiDAR technology to enhance user navigation. These smart wheelchairs generate 360-degree environmental maps, allowing AI to interpret eye movements and optimize mobility while avoiding obstacles. Leading OEMs are integrating AI to improve accessibility, attracting customers seeking enhanced autonomy and safety. AI-driven innovations in electric wheelchairs provide users with superior control and seamless mobility, positioning them as a transformative solution for individuals with limited physical movement. This growing adoption of AI-integrated mobility devices is a crucial factor accelerating the expansion of the electric wheelchairs market globally.

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Increasing Demand for Electric Wheelchairs in Sports:

Electric wheelchairs are widely used in sports, including power wheelchair football and hockey, driving market expansion. In 2023, over 300 wheelchair basketball players from 16 men’s and 12 women’s teams participated in a global tournament in the UAE. Additionally, RGK Wheelchairs partnered with the International Wheelchair Basketball Federation (IWBF) in October 2023. The 2022 London Marathon also marked a record $57,800 increase in wheelchair race prize funds. These events underscore the rising demand for advanced electric wheelchairs, fostering innovation and investment in high-performance models tailored for adaptive sports competitions worldwide. 

Scope of the Report: 

      Report Metric

                        Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

10.2%

Market Size in 2030

$9.1 billion

Segments Covered

By Type, By End User, and By Region
 

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).


 

Key Market Players
  1. Invacare Corporation
  2. Sunrise Medical Inc.
  3. Permobil AB
  4. OttoBock Healthcare GmbH
  5.  Pride Mobility Products Corporation
  6. Drive DeVilbiss Healthcare
  7. MEYRA
  8. Yamaha Motor Co., Ltd.
  9. WHILL Inc.
  10. Hoveround Corp.

Recent Developments:

  •  In July 2022, Bang Robotics, a Chinese company developing smart wheelchairs, secured $14.8 million in a Series B funding round. The startup has also filed for approximately 110 patents, including three international patents.
  • In January 2022, Invacare Corporation introduced a more compact version of its Invacare® AVIVA® STORM RX™ rear-wheel drive power wheelchair.

Wheel Chairs Market: Competitive Landscape

Key companies profiled in the Wheel Chairs Market are Invacare Corporation, Sunrise Medical Inc., Permobil AB, OttoBock Healthcare GmbH, Pride Mobility Products Corporation, Drive DeVilbiss Healthcare, MEYRA, Yamaha Motor Co., Ltd., WHILL Inc., Hoveround Corp. and others.

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