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Powered Wheelchair Market Size

Report ID: GMI5282
Published Date: Oct 2023
Report Format: PDF

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Powered Wheelchair Market Size

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.

Powered Wheelchair Market Report Attributes
Report Attribute	Details
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:	Increasing prevalence of disabilities globally Rising percentage of geriatric population Growing prevalence of neurological diseases Technological advancements in the wheelchair industry
Pitfalls & Challenges:	High costs of smart wheelchair Less number of smart wheelchair products

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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.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global powered wheelchair industry value was around USD 2.7 billion in 2022 and is estimated to reach over USD 4.8 billion by 2032, expanding at 5.8% CAGR.

Smart segment is set to witness robust growth at 7.6% CAGR from 2023 to 2032 attributed to the capabilities of the smart wheelchair that can transform the mobility impairment issues for the patients.

The rehabilitation centers segment was valued at USD 805 million in 2022 and is anticipated to grow at 5.8% CAGR through 2032 as these centers help patients by understanding their needs and providing a range of services, including power wheelchair assistance.

Permobil, Invacare Corporation, Pride Mobility Products Ltd, Karman Healthcare, Levo Ag, Meyra Gmbh, Ottobock, Sunrise Medical, Airwheel, Numotion, and Ostrich Mobility.