The Europe and Asia Pacific wheelchairs and mobility aids market size is projected to reach US$ 15.24 billion by 2031 from US$ 8.09 billion in 2023. The market is expected to register a CAGR of 7.0% during 2023–2031. The rising technological advancements in wheelchairs and mobility aids are likely to act as a future trend in the market in the coming years.
Growing prevalence of lifestyle-related health issues, such as obesity and diabetes, which can lead to mobility challenges and is one of the factors contribute to the growth of the Europe and Asia Pacific wheelchairs and mobility aids market. Collaborations with healthcare providers and insurers to improve reimbursement options for enhancing market reach as well as increasing focus on sustainable products opens such as eco-friendly mobility aids are some of the lucrative opportunity for the players operating in the market.
The Europe and Asia Pacific wheelchairs and mobility aids market is expected to exhibit a significant market share in the market during the forecast period. The regional market growth is attributed to the growing disability cases, increasing advancements in healthcare infrastructure, and rising government support. While the Asia Pacific Europe and Asia Pacific wheelchairs and mobility aids market is projected to contribute significant growth rate in the market during the forecast period. The market is driven by factors such as the growing prevalence of spinal and brain disorders and disabilities, the surging number of surgical procedures, craniotomy, and continuously advancing healthcare infrastructure with the rising government support.
Arthritis, Parkinson's disease, and multiple sclerosis are among the most common mobility impairment disorders reported in Europe and Asia Pacific. According to data published in European journal of neurology In Europe, prevalence and incidence rates for Parkinson’s are estimated at approximately 108–257/100 000 per year. These conditions may cause significant mobility limitations, making it challenging for individuals to move independently. Mobility aids devices such as mobility aids, power wheelchairs, and stairlifts provide patients with the necessary support and assistance to overcome the limitations induced due to mobility impairment. Mobility aids are gaining significant traction with the growing number of mobility-impaired individuals. In July 2023, Sunrise Medical launched QUICKIE QS5 X wheelchair. The company redefines a folding wheelchair through this lowest-weight product in its class. QS5 X requires 40% less force than other folding wheelchairs available in the market and sets the new standard for the ease and efficiency of folding. Companies in the Europe and Asia Pacific wheelchairs and mobility aids market offer advanced technologies and customizable options to meet the unique needs of each individual.
Government initiatives and policies for individuals with mobility impairment issues also contribute to the growth of the wheelchair and mobility aids market. Many countries have implemented disability-friendly guidelines and accessibility regulations that mandate public spaces and transportation to be accessible for individuals with mobility disabilities. Thus, the rising incidence and prevalence of mobility impairment disorders is a crucial factor driving the Europe and APAC wheelchair and mobility aids market growth.
Advanced AI-integrated mobility devices, such as foldable wheelchairs and electric scooters help in improving the transportation accessibility for end users. According to Nvidia Corporation, the autonomous wheelchair developed by the Karunya Institute of Technology and Sciences in Coimbatore, located in India, focuses on improving mobility for patients with disabilities by employing the Nvidia Corporation Jetson platform for edge AI and robotics. The newly constructed autonomous motorized wheelchair has USB cameras, depth sensors, and lidar sensors, enabling the detection of its surroundings and mapping a clear path to the user's destination. The Nvidia Corporation Jetson Nano Developer Kit processes the data obtained from cameras and sensors in real time. The Karunya Institute of Technology and Sciences focuses on identifying environmental impediments using computer vision models based on deep learning.
This advancement enhances user experience and reduces the risk of pressure sores and other issues associated with prolonged use. Thus, technological advancements have the lucrative potential to transform the wheelchair and mobility aids market through significant research and development and the launch of user-friendly accessible devices, allowing market players to cater to a broader range of patients or individuals with mobility impairments.
Key segments that contributed to the derivation of the Europe and Asia Pacific wheelchairs and mobility aids market analysis are product, application, end user, and distribution channel
The geographic scope of the Europe and Asia Pacific wheelchairs and mobility aids market report is mainly divided into two regions: Europe and Asia Pacific. Europe dominated the market in 2023. The Germany is the largest and fastest-growing market for wheelchairs and mobility aids, owing to the increasing number of disabled people and rising investments by the government in the development of smart wheelchairs. According to the Observatory of Economic Complexity, Germany exported US$ 154 million worth of wheelchairs in 2022, making it the second-largest exporter worldwide. As per the Statistisches Bundesamt (Destatis), ~7.8 million severely disabled people were living in Germany in 2021. The Federal Government is focused on funding research for the development of smart wheelchair seats. In September 2021, the Federal Ministry of Education and Research (BMBF) in Germany funded a research project by Ottobock with the allocation of nearly US$ 1.08 million. In partnership with TU Dresden University, this research project is aimed at developing an intelligent seat for young wheelchair users. Moreover, the rising prevalence of chronic diseases and increasing population drive the need for robust healthcare infrastructure in Germany, which is expected to support the market progress in the coming years.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 8.09 Billion |
| Market Size by 2031 | US$ 15.24 Billion |
| Global CAGR (2023 - 2031) | 7.0% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The Europe and Asia Pacific wheelchairs and mobility aids market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the market are listed below:
The "Europe and Asia Pacific Wheelchairs and Mobility Aids Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
The List of Companies - Europe and Asia Pacific Wheelchairs and Mobility Aids Market
The market is expected to register a CAGR of 7.0% during 2023–2031.
The Europe and Asia Pacific wheelchairs and mobility aids market value is expected to reach US$ 15.24 billion by 2031.
As the population ages, there is a rising demand for mobility aids to assist elderly individuals with limited mobility are among the most significant factors fueling the market growth.
Europe dominated the market in 2023.
Invacare Corp, Ottobock SE & Co KGaA, Sunrise Medical, Permobil, HOGGI GmbH, Karma Medical Products Co LTD, Drive Devilbiss Healthcare Ltd, MEYRA GMBH, Ostrich Mobility Instruments Pvt Ltd, and Glide Products are among the key players in the market.
Technological advancements in wheelchairs and mobility aids are expected to emerge as a prime trend in the market in the coming years.