Electric Wheelchair Market Size (2024 - 2029)

The electric wheelchair market is projected to experience significant growth over the forecast period, driven by an increasing demand due to the rising elderly population and the prevalence of chronic diseases. The market's expansion is further supported by the growing need for electric wheelchairs in hospitals and home care settings, as they enhance patient mobility and comfort. The COVID-19 pandemic has also positively influenced the market, as the demand surged during the crisis. Key players are actively launching new products to capture a larger market share, responding to the needs of an aging population.

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Market Size of Electric Wheelchair Industry

Electric Wheelchair Market Summary
Study Period 2020 - 2029
Market Size (2024) USD 3.88 Billion
Market Size (2029) USD 6.47 Billion
CAGR (2024 - 2029) 10.76 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Electric Wheelchair Market Major Players

*Disclaimer: Major Players sorted in no particular order

Electric Wheelchairs Market Analysis

The Electric Wheelchair Market size is estimated at USD 3.88 billion in 2024, and is expected to reach USD 6.47 billion by 2029, growing at a CAGR of 10.76% during the forecast period (2024-2029).

The COVID-19 pandemic positively impacted the electric wheelchair market. Many hospitals and health institutes were flooded with people infected with the virus. Thus, the demand for electric wheelchairs increased in 2020. In 2020 electric chairs reached sales of almost 2 million units worldwide. This growth is anticipated to continue during the forecast period, primarily due to the increasing elderly population.

Over the long term, the increase in disabilities due to a rise in the elderly population and the prevalence of chronic diseases, encouraging hospitals and healthcare facilities to use electric wheelchairs to improve the welfare of patients and healthcare workers is anticipated to remain a major driving factor for the market studied. In addition, electric wheelchairs are used in-home care settings to transfer patients safely and comfortably from one place to another. Thus, the demand for electric wheelchairs is expected to increase in hospitals and elderly care homes, owing to the unprecedented increase in the geriatric population. For instance

  • In 2021, one billion people were reported to live with some disability by the World Health Organisation, constituting 15% of the total population in the world.

Major key players are focusing on launching several new products to capture the growing market share provoked by the ever-increasing geriatric population. For instance,

  • In January 2022, Permobil AB launched the flagship Progeo Noir 2.0 carbon fiber wheelchair in the United Kingdom.
  • In August 2021, Pride Mobility Products Limited introduced the Jazzy EVO 613 2 electric chair, which is powered by a Li-ion battery and has a maximum speed of 5.1 miles per hour.

Thus the confluence of all the aforementioned factors is anticipated to drive growth in the global electric wheelchair market.

Electric Wheelchairs Industry Segmentation

An electric wheelchair is defined as a wheelchair that is powered by an electric motor to aid the mobility of the person riding it. It eliminates the need for physical human efforts to move the electric wheelchair. Electric wheelchairs have been observed to significantly enhance the mobility of differently-abled people and help them to live an independent lifestyle.

The Electric Wheelchair Market is Segmented by Type (Front-wheel Drive, Center Wheel Drive, Rear-wheel Drive, and Standing Electric Wheelchair), End-User (Personal, Hospitals, and Sports Conditioning), and Geography (North America (United States, Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Russia, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (South America and Middle East and Africa)). The report offers market size and forecasts for the Electric Wheelchair Market in value (USD billion) for the above-mentioned segments.

By Type
Front Wheel Drive
Center Wheel Drive
Rear Wheel Drive
Standing Electric Wheelchair
By End-User
Personal
Hospital
Sport Conditioning
By Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East & Africa
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Electric Wheelchair Market Size Summary

The electric wheelchair market is poised for significant growth, driven by the increasing elderly population and the rising prevalence of chronic diseases. The demand for electric wheelchairs is expected to rise as they become essential in hospitals, healthcare facilities, and home care settings, providing safe and comfortable mobility solutions for individuals with disabilities. The market's expansion is further supported by the trend of rapidly aging demographics in regions such as Europe, North America, Japan, and China. Key players in the industry are actively launching new products and expanding manufacturing capacities to capture the growing market share, responding to the needs of an aging population that requires more advanced mobility solutions.

The market landscape is characterized by a mix of global and local players, with major companies like OttoBock Healthcare GmbH, Invacare Corporation, Pride Mobility Products Corp., Sunrise Medical, and Permobil AB leading the charge. Innovations in design and technology, such as standing wheelchairs and self-driving models, are expected to enhance market growth. The Asia-Pacific region, particularly China and India, is a significant contributor to the market due to its large elderly population and high incidence of mobility impairments. North America is also anticipated to see increased demand, driven by a substantial number of adults living with disabilities. The confluence of these factors, along with strategic acquisitions and investments by key players, is set to propel the electric wheelchair market forward in the coming years.

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Electric Wheelchair Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Front Wheel Drive

      2. 2.1.2 Center Wheel Drive

      3. 2.1.3 Rear Wheel Drive

      4. 2.1.4 Standing Electric Wheelchair

    2. 2.2 By End-User

      1. 2.2.1 Personal

      2. 2.2.2 Hospital

      3. 2.2.3 Sport Conditioning

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Russia

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 South America

        2. 2.3.4.2 Middle-East & Africa

Electric Wheelchair Market Size FAQs

The Electric Wheelchair Market size is expected to reach USD 3.88 billion in 2024 and grow at a CAGR of 10.76% to reach USD 6.47 billion by 2029.

In 2024, the Electric Wheelchair Market size is expected to reach USD 3.88 billion.

Electric Wheelchair Market Report Snapshots

Electric Wheelchair Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)