Patients use wheelchairs when walking is impossible for them due to injury, illness, or disability. There are different types of wheelchairs available in the market, depending on the patient's requirement. There is a wide range of wheelchairs available differing by mechanisms of control, propulsion method, and technology used. There has been a significant effort in the last decade to develop a wheelchair with innovative features.
The scope of the wheelchair market includes product, type, end user, applications, usage, distribution channel, and region. The market for wheelchair is analyzed based on regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the wheelchair market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world.
Greater risk of physical disabilities in elderly population boosts the demand for wheelchairs. As per the United Nations, globally 46% of people with age 60 and above have disabilities; ~250 million people have moderate to severe disabilities. Furthermore, the accumulation of health risks across a lifespan of disease, injury, and chronic illness contributes to higher disability rates among older people. As per the United Nations World Population Ageing Report, the global population of people with age 60 and above reached 962 million in 2017 from ~382 million in 1980, with more than two-times increase. The report also mentions that number of elderly people is further expected to double by 2050 to reach ~2.1 billion. As per the US Census Bureau, there were 54 million US residents with age 65 and above in the July 2019. Further, the Urban Institute estimated that number of US population belonging to this age group would reach 80 million by 2040. Similarly, as per the Population Census 2011, in India, ~104 million Indians were with age 60 or above, comprising ~53 million females and ~51 million males. According to a report by the United Nations Population Fund and HelpAge, elderly population in India is estimated to grow to 173 million by 2026.
Thus, the growing aging population across the world is bolstering the demand for wheelchairs.
Based on Product, the wheelchair market is segmented into powered/electric wheelchair, smart wheelchair, and manual. The manual wheelchair segment held the largest share of the market in 2021, whereas the powered/electric wheelchair segment is anticipated to register the highest CAGR in the market during the forecast period.
Based on type, the wheelchair market is segmented into front wheel drive, center wheel drive, rear wheel drive, and standing electric wheelchair. The center wheel drive segment held the largest share of the market in 2021 and is anticipated to register the highest CAGR in the market during the forecast period. Growth of this segment is attributed to advantages offered by center wheel drive such as easy navigation through doorways and narrow spaces, and superior stability.
Based on end user, the wheelchair market is segmented into homecare, hospitals and clinics, rehabilitation centers, and ambulatory surgical centers. The rehabilitation centers segment held the largest share of the market in 2021 and is estimated to register the highest CAGR in the market during the forecast period. Growth of this segment is attributed to increasing number of rehabilitation centers coupled with rising number of musculoskeletal conditions.
Based on application, the wheelchair market is segmented into neurologically impaired, handicap patients, and others. The neurologically impaired segment held the largest share of the market in 2021 and is estimated to register the highest CAGR in the market during the forecast period.
Based on usage, the wheelchair market is segmented into adult and pediatric (below 18). The adult segment held a larger share of the market in 2021 and is estimated to register the highest CAGR in the market during the forecast period.
Based on distribution channel, the wheelchair market is segmented into retail and E-commerce. The retail segment held the largest share of the market in 2021. However, the E-commerce segment is estimated to register the highest CAGR in the market during the forecast period.
COVID-19 pandemic has become the most significant challenge across the world. This challenge will be frightening especially in developing countries across the world as it will lead to reducing imports due to disruptions in global trade. The COVID-19 pandemic affected the pharmaceutical, medical device, R & D, and other businesses across the world. Wheelchair devices are essential medical devices in several mobility conditions. As the rise of the pandemic crisis was uncertain, there is shortage in supply of wheelchairs and consumables. However, market players are adopting various strategies to increase its distribution of wheelchairs. For instance, according to British Red Cross, in 2020, the organization provided wheelchair service to around 140 communities across the UK. Also, the organization supplied around 50,000 wheelchairs for patients with permanent as well as temporary mobility conditions.
Product launches and expansion strategy are commonly adopted by companies to expand their footprint worldwide and meet the growing demand. These strategies are commonly adopted by the market players to expand its product portfolio.
The market players operating in the wheelchair market adopted the strategy of product innovation to cater to changing customer demand across the world, which also permits the players to maintain their brand name globally.
The regional trends and factors influencing the Wheelchair Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Wheelchair Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 4.07 Billion |
| Market Size by 2028 | US$ 6.46 Billion |
| Global CAGR (2021 - 2028) | 6.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Wheelchair Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Wheelchair Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The List of Companies - Wheelchair Market