Powered Wheelchair Market Major Key Players And Latest Trend Analysis Till 2030: Grand View Research Inc.

 Powered Wheelchair Market Growth & Trends

The global powered wheelchair market size is expected to reach USD 3.21 billion by 2030, registering a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The primary factors driving the market are the increasing disability rates, a growing aging population, technological advancements, and government initiatives and regulations. According to the Centers for Disease Control and Prevention (CDC), around 27%, 1 in every 4 adults in the United States have some type of disability out of which 12.1% of adults in the United States struggle significantly to walk or climb stairs due to mobility impairment. In the United States, there are an estimated 3.3 million wheelchair users, and this figure is rising annually. Due to the rise in the baby boomer group who has a high need for wheelchairs, the demand for wheelchairs is rising.

Moreover, the rising customization offered by several players is anticipated to boost the market. Wheelchairs are being designed with a greater focus on customization to meet individual needs and preferences. Manufacturers are offering options for adjustable seating, backrests, armrests, and other features, allowing users to have a personalized and comfortable experience.

The COVID-19 outbreak negatively impacted the market in the initial phase of 2020. Due to lockdowns and travel and manufacturing restrictions, the pandemic caused disruptions in the world's supply-chain networks. This has affected the production and distribution of wheelchairs and their components, leading to potential delays in manufacturing and delivery. However, the market recovered soon as there was demand was a surge in demand for healthcare equipment, including wheelchairs, in medical facilities. Hospitals and clinics required additional equipment to manage patients with mobility issues, which contributed to an increased demand for both manual and powered wheelchairs.

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Powered Wheelchair Market Report Highlights

• The marketing the healthcare industry was estimated at USD 2.01 billion in 2023 and is expected to reach USD 3.21 billion in 2030
• The market for powered wheelchairs is expected to expand at a compound annual growth rate of 6.9% from 2024 to 2030 to reach USD 3.21 billion by 2030
• North America dominated the global market in 2023 and accounted for the largest revenue share of 47.8%. This growth is owing to the high target population and increased adoption of advanced wheelchairs
• By category, the adult segment dominated the electric wheelchair industry in terms of revenue share of 86.3% in 2023. Adults comprise individuals from the age group of 18 onwards. Disability in older people due to arthritis pain, or stiffness in a knee, hip, ankle, or foot increases the demand for wheelchairs

Powered Wheelchair Market Segmentation

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Grand View Research has segmented the global powered wheelchair market based on age category, product, portability, end-use, and region:

Powered Wheelchair Age Category Outlook (Revenue, USD Million, 2018 - 2030)

• Adult
• Pediatric

Powered Wheelchair Product Outlook (Revenue, USD Million, 2018 - 2030)

• Front-wheel Drive
• Mid-wheel Drive
• Rear-wheel Drive
• Others

Powered Wheelchair Portability Outlook (Revenue, USD Million, 2018 - 2030)

• Standalone
• Portable

Powered Wheelchair End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Homecare
• Hospitals
• Ambulatory Surgical Centers
• Rehabilitation Centers

Powered Wheelchair Regional Outlook (Revenue in USD Billion 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Kuwait

List of Key Players in Powered Wheelchair Market

• Drive Medical Design & Manufacturing
• Invacare
• Sunrise Medical LLC
• Karman Healthcare
• Quantum Rehab
• Numotion
• Pride Mobility Products Corp.
• Ostrich Mobility
• MEYRA
• Jinmed

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.