Wheelchair Market by Product (Manual, Power Assist Wheelchair, Powered), Category (Adults, Pediatric), Class, Application - Global Forecast 2024-2030
Description
Wheelchair Market by Product (Manual, Power Assist Wheelchair, Powered), Category (Adults, Pediatric), Class, Application - Global Forecast 2024-2030
The Wheelchair Market size was estimated at USD 5.41 billion in 2023 and expected to reach USD 5.91 billion in 2024, at a CAGR 9.06% to reach USD 9.93 billion by 2030.
A wheelchair is a special mobility device designed to assess individuals with impaired mobility from physical, neurological, or health-related conditions. It is a chair fitted with wheels, which can be propelled by manual means or via various automated systems. The global wheelchair market is currently growing significantly, primarily driven by the escalating geriatric population and rising instances of physical disabilities. Crucial factors energizing the growing adoption of wheelchairs are the increasing occurrence of accidents, resulting in temporary or long-term mobility disorders, and the rising need for mobility aids. However, the lack of robust insurance coverage strains and stringent regulatory norms surrounding wheelchair manufacturing may limit the global expansion of wheelchair manufacturers. Despite the challenges, the integration of technological advancements, including robotics, artificial intelligence (AI), and the internet of things (IoT) in the medical sector, have been presenting stronger future prospects for the global wheelchair market.
Regional Insights
The Americas have observed a high adoption of wheelchairs owing to rising incidences of physical disabilities, advancements in technology, and favorable reimbursement policies for medical devices and equipment. The presence of significant manufacturers and higher purchasing power also contribute to the market growth in the region. The governments in the EMEA region continuously support the adoption of wheelchairs to improve patients' lives. Europe contributes majorly to this growing adoption of wheelchairs, supported by high healthcare expenditure and increased focus on improving the quality of life for people with disabilities. The APAC region is expected to witness a surging need for wheelchairs owing to an increasing geriatric population susceptible to physical disabilities, growing awareness about mobility solutions, and escalating healthcare expenditure.
Market Insights
Market Dynamics
The market dynamics represent an ever-changing landscape of the Wheelchair Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
Market Drivers
- Increasing geriatric population and age-related disabilities
- Significant incidences of accidents resulting in temporary or long-term mobility disorders
- High costs associated with wheelchairs and incidences of product recalls
- Ongoing advancements in wheelchair technology with smart features
- Growing demand for customized wheelchairs globally
- Lack of proper reimbursement policies for wheelchair accessibility
- Product: Increasing need for powered wheelchair for customized controls based on user dexterity
- Category: Significant demand for wheelchairs for adult to maximize the user's comfort and mobility
- Class: High adoption of class C wheelchairs owing to the high-performance features
- Application: Growing development of improved wheelchair solutions for rehabilitation centers
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Wheelchair Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Wheelchair Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Great Britain Wheelchair Rugby, Three-Year Partnership With Allied Mobility
Great Britain Wheelchair Rugby (GBWR) joined forces with Allied Mobility, recognized as Europe's preeminent provider of specially adapted vehicles for individuals with mobility challenges. This strategic three-year partnership with Allied Mobility can bolster inclusivity and participation within the wheelchair rugby community. Encompassing both the Fours and Allied Mobility Wheelchair Rugby 5s (WR5s) leagues, the partnership is firmly rooted in the collective ambition to broaden the horizons of wheelchair rugby.
Honda Unveils Hands-Free Wheelchair You Steer Like a Segway
Honda Robotics recently introduced an innovative prototype that promises to revolutionize mobility for disabled individuals. This hands-free wheelchair is ingeniously designed to respond to the user's body weight shifts. This advancement in personal mobility is anticipated to provide those with mobility impairments a more seamless and intuitive way to navigate their surroundings, enhancing their autonomy and ease of movement.
Nordic Capital-Backed Sunrise Medical Completes Strategic Acquisition of Ride Designs
Sunrise Medical acquired Ride Designs, a distinguished creator of seating solutions for wheelchair users. This significant move broadens the scope of Sunrise Medical's custom seating capabilities, augmenting its existing collection of manual and powered mobility devices. Integrating Ride Designs into Sunrise Medical's portfolio enhances their clinical expertise and ability to provide exceptional service to clients. Sunrise Medical reinforces its commitment to delivering comprehensive, top-tier mobility solutions with this acquisition.
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Wheelchair Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Wheelchair Market, highlighting leading vendors and their innovative profiles. These include 21st Century Scientific, Inc., Airchair, Amylior Inc., Arcatron Mobility Private Limited, Compass Health Brands, Dr Trust by Nureca Limited, Drive DeVilbiss Healthcare, GF Health Products, Inc, Golden Technologies, Guangdong Kaiyang Medical Technology Group Co., Ltd., Hebei Manlu Medical Devices Co., Ltd., Honda Sun Co.,Ltd., Hoveround Corporation, Inco Medical Technology Co., Ltd., Invacare Corporation, Karman Healthcare, Inc., Laxmi Industries, Levo AG, Medline Industries, LP, Merits Health Products, MEYRA GmbH, MRIequip.com, Narang Medical Limited, Newmatic Medical by MarketLab, Inc., Ottobock SE & Co. KGaA, Permobil AB, Pihsiang Machinery MFG. Co., LTD., Pride Mobility Products Corporation, Satcon Medical, Scewo AG, Shanghai BangBang Robotics Co., Ltd., Shanghai Brother Medical Products Manufacturer Co., Ltd., Soul Mobility, Inc., Stryker Corporation, Sunrise Medical (US) LLC, and United Seating and Mobility, LLC.
Market Segmentation & Coverage
This research report categorizes the Wheelchair Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Product
- Manual
- Active
- Basic Manual
- Passive
- Standard Light-weight
- Power Assist Wheelchair
- Front-mounted
- Main-wheel
- Power-assist for Operators
- Rear-mounted
- Powered
- Basic Powered
- Complex
- Foldable
- Mid-range
- Pediatric - Powered
- Category
- Adults
- Pediatric
- Class
- Class A
- Class B
- Class C
- Application
- Ambulatory Surgical Centers
- Homecare
- Hospitals
- Rehabilitation Centers
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
Table of Contents
183 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing geriatric population and age-related disabilities
- 5.1.1.2. Significant incidences of accidents resulting in temporary or long-term mobility disorders
- 5.1.2. Restraints
- 5.1.2.1. High costs associated with wheelchairs and incidences of product recalls
- 5.1.3. Opportunities
- 5.1.3.1. Ongoing advancements in wheelchair technology with smart features
- 5.1.3.2. Growing demand for customized wheelchairs globally
- 5.1.4. Challenges
- 5.1.4.1. Lack of proper reimbursement policies for wheelchair accessibility
- 5.2. Market Segmentation Analysis
- 5.2.1. Product: Increasing need for powered wheelchair for customized controls based on user dexterity
- 5.2.2. Category: Significant demand for wheelchairs for adult to maximize the user's comfort and mobility
- 5.2.3. Class: High adoption of class C wheelchairs owing to the high-performance features
- 5.2.4. Application: Growing development of improved wheelchair solutions for rehabilitation centers
- 5.3. Market Trend Analysis
- 5.3.1. Growing emphasis on increasing wheelchair accessibility coupled with development of innovative wheelchairs in the Americas
- 5.3.2. Well-established production and trade of cost-effective and quality wheelchairs in the APAC and emerging startup ecosystem focused on developing robotic wheelchairs
- 5.3.3. Technological advancements in the wheelchair coupled with rising elderly population and prevalence of diseases leading to physical disability in the EMEA region
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Wheelchair Market, by Product
- 6.1. Introduction
- 6.2. Manual
- 6.3. Power Assist Wheelchair
- 6.4. Powered
- 7. Wheelchair Market, by Category
- 7.1. Introduction
- 7.2. Adults
- 7.3. Pediatric
- 8. Wheelchair Market, by Class
- 8.1. Introduction
- 8.2. Class A
- 8.3. Class B
- 8.4. Class C
- 9. Wheelchair Market, by Application
- 9.1. Introduction
- 9.2. Ambulatory Surgical Centers
- 9.3. Homecare
- 9.4. Hospitals
- 9.5. Rehabilitation Centers
- 10. Americas Wheelchair Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Wheelchair Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Wheelchair Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Great Britain Wheelchair Rugby, Three-Year Partnership With Allied Mobility
- 13.3.2. Honda Unveils Hands-Free Wheelchair You Steer Like a Segway
- 13.3.3. Nordic Capital-Backed Sunrise Medical Completes Strategic Acquisition of Ride Designs
- 13.3.4. United Airlines Agrees to Improve Travel for Wheelchair Users
- 13.3.5. Quantum Rehab Launches R-TRAK RWD Power Wheelchair
- 13.3.6. Permobil Acquires PDG Mobility, a Provider of Manual Tilt Wheelchairs
- 13.3.7. Chugai Sponsored Nationwide Wheelchair Softball Experience Event
- 13.3.8. Golden Technologies Launches Two New Lightweight Foldable Power Wheelchairs
- 13.3.9. Rollz Launches Revolutionary Electric Wheelchair
- 13.3.10. Kalogon Raises USD 3.3M in Funding to Drive Expansion for Line of Smart Wheelchair Seating
- 13.3.11. Sunrise Medical Launches RGK in the North America
- 13.3.12. Chinese Smart Wheelchair Startup Secures USD 14.8 Million in Series B Round
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
Pricing
Currency Rates
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