Powered Wheelchair Market Trends

Powered Wheelchair Market Trends

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.

• Comfort and ergonomics: Improved seating systems, adjustable features, and ergonomic designs are essential factors that attract patients to powered wheelchairs, as they prioritize comfort and convenience.
• The growth of e-commerce platforms and online distribution channels has made it easier for consumers and patients to access and purchase powered wheelchairs, thus expanding market reach. 
• Government regulations and policies aimed at improving accessibility for people with disabilities play a crucial role in the growth of the market. These regulations often require public spaces and transportation to be wheelchair-accessible, boosting demand. Moreover, the availability of healthcare reimbursement and insurance coverage for powered wheelchairs can make them more affordable for individuals with disabilities, further driving market expansion.