Wheelchair Market: Information by Product (Electric Wheelchair, Manual Wheelchair, Accessories), by Category (Adults and Pediatric), End-Use (Home Care Settings, Hospitals & Clinics), and Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa)—Forecast till 2030
The global wheelchair market is expected to register a CAGR of ~6.80% from 2022 to 2030 and hold a value of over USD 6.43 billion by 2030.
The wheelchair market refers to the global market for mobility aids designed to assist people with limited mobility. Wheelchairs are used by people with disabilities or injuries that affect their ability to walk or stand, as well as by the elderly who may have difficulty getting around. The market includes both manual and electric wheelchairs, as well as accessories such as cushions, backs, and trays. The COVID-19 pandemic has had a significant impact on the wheelchair market. With the virus spreading rapidly, people with disabilities and limited mobility have been at a higher risk of infection and have had to rely more heavily on wheelchairs to maintain social distancing and limit their exposure to the virus. As a result, the demand for wheelchairs has increased, leading to supply chain disruptions and shortages in some regions.
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Market Segmentation
The Global wheelchair market has been segmented based on product type, category and end-user.
By Product: Electric Wheelchair, Manual Wheelchair and Accessories
By Category: Adults and Pediatric
By End-User: Home Care Settings, Hospitals and Clinics
Key Players
Some of the key market players are Invacare Corporation (USA), Ottobock (Germany) Drive Medical (US), Pride Mobility Products Corp. (US), Quantum Rehab (US), GF Health Products Inc. (US), Karman Healthcare Inc. (US), Levo AG (Switzerland), Sunrise Medical (Germany) and Medline Industries Inc.
Regional Analysis
The wheelchair market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are the largest markets for wheelchairs, due to high levels of awareness about accessibility and strong healthcare systems. The Asia Pacific region is expected to see significant growth in the wheelchair market due to the increasing population of elderly people and growing healthcare infrastructure in countries such as China and India. Latin America and the Middle East and Africa have smaller markets, but are expected to see growth as well as awareness about disability rights and accessibility improves.
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