Home > Healthcare & Medical Devices > Powered Wheelchair Market
Powered Wheelchair Market size was valued at around USD 2.7 billion in 2022 and is estimated to reach over USD 4.8 billion by 2032, expanding at a 5.8% CAGR. The growing prevalence of chronic diseases, neurological disorders, and technological advancements in powered wheelchairs is set to drive the industry growth.
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Neurodegenerative disorders such as Amyotrophic Lateral Sclerosis (ALS) is affecting considerable percentage of the global population. For instance, according to the ALS Society of Canada, approximately 1,000 people are diagnosed with this disease every year in Canada and around 3,000 people are living with ALS at any time in the country. Thus, to provide better care and mobility, motorized wheelchairs with reclining, tilting, and standing functions are essential for the patients suffering from the disease.
Report Attribute | Details |
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Base Year: | 2022 |
Powered Wheelchair Market Size in 2022: | USD 2.7 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 5.8% |
2032 Value Projection: | USD 4.84 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 455 |
Segments covered: | Product, Technology, Patient, Portability, Application, Distribution Channel, End-use and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Powered wheelchair is a mobility device that is propelled by an electric motor. Patients suffering from chronic debilitating conditions use these wheelchairs for their daily functionality. People unable to use other mobility equipment such as manual wheelchairs or mobility scooters also use electric wheelchairs. The powered wheelchair is operated using a joystick, pressure sensors, gaze control and much more.
The advent of smart wheelchair is among the key developments in the powered wheelchair industry. However, the complexity of design, manufacturing, and marketing of these devices presents a challenge to the wheelchair manufacturer. Additionally, high cost of smart wheelchair is one of the major factors hampering the adoption of the powered wheelchair devices.
The COVID-19 outbreak arose as an unprecedented public health concern throughout the world and had a negative impact on the powered wheelchair market progress. Numerous facilities including rehabilitation centers, physiotherapy clinics, and long-term care facilities were affected due to the travel restrictions implemented by the governing bodies. Additionally, the companies operating in the market had experienced lower demand for electric wheelchairs and hence the players are focusing on development of innovative cost-effective wheelchairs to mitigate and improve the product demand scenario.
Increasing geriatric population base, supportive reimbursement and accessibility regulations, and growing demand from e-commerce channels among others are the key trends shaping the industry growth positively during the analysis period. For instance, according to the World Population Ageing article published in 2019, there were over 703 million people aged above 65 years across the globe. Moreover, this number is expected to rise at an unprecedent rate to reach around 1.5 billion in 2050 accounting for 1 in 6 people above 65 years.
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Based on product, the market is bifurcated into front wheel, mid wheel, rear wheel, and others. The mid wheel segment held substantial revenue share and was valued at around USD 640 million in 2022. The significant segmental share is attributed to advantages such as exceptional manoeuvrability in tight spaces, improved stability, and a smoother ride, enhancing user comfort.
Based on technology, the powered wheelchair market is categorised into standard power wheelchair and smart wheelchair. Smart wheelchair segment is set to witness robust growth at 7.6% CAGR over the analysis timeframe. The high segmental growth can be attributed to the capabilities of the smart wheelchair that can transform the mobility impairment issues for the patients.
Based on patient, the powered wheelchair market is segmented into pediatric and adult. The paediatric segment held a substantial share in the market in 2022 and is expected to expand at a CAGR of 6.9% over the forecast period. The incidence and prevalence of neurological diseases in children are among the key attributes fuelling the market growth. For instance, according to a recently published report, children in the Gross Motor Function Classification System (GMFCS) level IV typically choose a power wheelchair because they need mobility support in most environments.
Based on portability, the powered wheelchair market is segmented into standalone and portable. The standalone segment held a dominating revenue share of over 88% in 2022 and is anticipated to witness a similar trend over the analysis timeframe.
Based on application, the powered wheelchair market is categorised into mobility and neurological conditions. The mobility segment was valued at USD 2,510 million in 2022 and is set to witness robust growth over the analysis period.
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Based on distribution channel, the powered wheelchair market is bifurcated into brick and mortar and e-commerce. The brick-and-mortar segment dominated the market and was valued at USD 1,729 million in 2022. The segment is expected to steadily expand following a similar trend over the forecast period.
Based on end-use, the powered wheelchair market is segmented into hospital, home care, long term care facilities, and rehabilitation centers. The rehabilitation centers segment was valued at USD 805 million in 2022 and is anticipated to grow at 5.8% growth rate during the estimation timeframe.
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North America region held a leading share in the powered wheelchair market owing to the presence of numerous key players of the industry. The growing prevalence of disabilities amongst the regional population, increasing number of geriatric patients suffering from chronic diseases, increasing number of road traffic accidents among others are some of the major factors contributing to the market growth.
The global market is dominated by some prominent players. The firms are engaged in acquisitions and partnerships to reinforce their market presence and expand their customer base. The major players implement several strategies to maintain a competitive edge and improve their market share in the industry. Some of the key market participants operating in the powered wheelchair industry include:
Powered wheelchair market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in (USD Million) from 2018 to 2032, for the following segments: Click here to Buy Section of this Report
By Product, 2018 - 2032 (USD Million)
By Technology, 2018 - 2032 (USD Million)
By Patient, 2018 - 2032 (USD Million)
By Portability, 2018 - 2032 (USD Million)
By Application, 2018 - 2032 (USD Million)
By Distribution Channel, 2018 - 2032 (USD Million)
By End-use, 2018 - 2032 (USD Million)
The above information is provided for the following regions and countries: