Global Powered Wheelchair Market - 2023-2030

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,350	184 Pages	DataM Intelligence 4Market Research LLP	January, 2024	DTAM18436758

Best Price Guarantee
Price	from $4,350
Length	184 Pages
Publisher	DataM Intelligence 4Market Research LLP
Published Date	January, 2024
SKU	DTAM18436758

Global Powered Wheelchair Market - 2023-2030

Global powered wheelchair market reached US$ XX million in 2022 and is expected to reach US$ XX million by 2030, growing at a CAGR of XX% during the forecast period 2023-2030.

The wheelchair is an incredibly important assistive device that enhances mobility and quality of life for people who have difficulty walking due to conditions such as spinal cord injuries, muscular dystrophy, and more. Electric wheelchairs, also known as motorized wheelchairs or powerchairs, use electric motors and batteries to power their wheels and provide added mobility.

Market Dynamics: Drivers & Restraints

Product Launches

The market for powered wheelchairs is expected to experience significant growth due to the introduction of new products. For example, Golden Technologies launched the GP301 Stride aluminum folding power wheelchair and the GP302 Cricket carbon fiber folding power wheelchair in March 2023. These lightweight foldable power wheelchairs offer greater convenience and flexibility. Similarly, Vital Mobility Medical Supplies launched the Robooter X40 Automatic Folding Wheelchair and the Robooter E40 Light-Weight Folding Wheelchair in July 2023. Reyhee also introduced two new electric vehicles in February 2023: the Cruiser, a classic scooter with a lightweight frame and removable battery pack, and the Roamer, a wheelchair with similar features.

These product launches are driven by increasing investments, advances in technology, and raising awareness of mobility problems. As a outcome, the global market for electric wheelchairs is expected to persist to expand in the coming years.

High Cost

The high cost of the powered wheelchair is estimated to hamper the global market growth during the forecast period. For instance, the average cost of a powered wheelchair is between US $1,300 to US $3,000 leaving the majority of individuals unable to afford it. Furthermore, the difficulty in reimbursement and high maintenance costs are among other factors hampering the global market growth during the forecast period.

Segment Analysis

The global powered wheelchair market is segmented based on product, technology, user age group, end user and region.

Rear Wheel Drive Segment is Expected to Dominate Market

The rear wheel drive segment is expected to dominate the global market for electric wheelchairs during the forecast period, due to the launch of several new products. For example, Ottobock launched the Wingus in March 2021, which is a comfortable and reliable sit-and-drive power wheelchair with a lightweight cantilever frame construction. Designed as an entry-level model, the Wingus offers many adjustment possibilities and is easy to use. Similarly, Invacare Corporation introduced a new, narrower version of the Invacare AVIVA STORM RX rear wheel drive power wheelchair in January 2022. The narrow base model offers several new features compared to the standard version of the AVIVA STORM RX, a next generation chair launched in August 2021. These new product launches exhibit the growing need for rear wheel drive electric wheelchairs, which deliver more outstanding stability and command on irregular surfaces. As a consequence, this segment is expected to persist to dominate the global market in the coming years.

Geographical Analysis

North America is Expected to Dominate the Global Market

North America is expected to dominate the global electric wheelchair market during the forecast period due to favorable reimbursement policies and increased market development by key market players in the region. For example, in February 2023, the Centers for Medicare & Medicaid Services (CMS) proposed a National Coverage Determination (NCD) decision that would enable people with Medicare to receive coverage for the power seat elevation equipment on power electric wheelchairs.

This move is expected to drive demand for the electric wheelchair market in the U.S. Additionally, in February 2022, Invacare Corporation, a US-based multinational leader, introduced its next-generation e-fix eco Power Assist Device, which converts manual wheelchairs into electric wheelchairs. Similarly, in April 2022, Permobil Inc., the United States subsidiary of Permobil AB, invested USD 15.5 million to expand production at its Lebanon, Tennessee manufacturing plant in the United States.

COVID-19 Impact Analysis

The COVID-19 pandemic had adverse effects on the global powered wheelchair market, especially owing to the troubles encountered by individuals with disabilities because of COVID-19. According to a report published by ScienceDirect in November 2020, multiple barriers stopped individuals with disabilities from utilizing transportation to access fundamental needs like fresh food and medical care, which are necessary for their well-being. The pandemic and its reaction pose a threat of worsening existing health unfairness and raising the mobility limitations that disproportionately impact individuals with disabilities.

Market Segmentation

By Product
• Rear Wheel Drive Wheelchair
• Front Wheel Drive Wheelchair
• Mid Wheel Drive Wheelchair
• Other Wheelchair

By Technology
• Standard Powered Wheelchair
• Smart Powered Wheelchair

By User Age Group
• Geriatric
• Adult
• Pediatric

By End User
• Hospitals
• Care Facilities
• Rehabilitation Centers
• Home Care
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In January 2022, Swiss startup Scewo introduced Scewo BRO, a new electric wheelchair for individuals with mobility issues to climb stairs.
• In May 2022, Sunrise Medical introduced two new offerings, the ZIPPIE Q300 M Mini, its latest pediatric power wheelchair, and the QUICKIE Q200 R, its new rear-wheel-drive power wheelchair.
• In February 2022, OttoBock Healthcare GmbH completed the acquisition of the Dutch corporation Veldink4kids which manufactures wheelchairs for children, to bolster its children's portfolio.
• In October 2021, Ottobock, the global health-tech corporation, inaugurated a new manufacturing plant for wheelchairs located at Blagoevgrad in Bulgaria.

Competitive Landscape

The major global players in the market include Invacare Corporation, Sunrise Medical Limited, OttoBock Healthcare, Permobil AB, Pride Mobility Products Corp., Meyra GmbH, GF Health Products Inc., LEVO AG, Kymco Healthcare and Sowecare B.V.

Why Purchase the Report?
• To visualize the global powered wheelchair market segmentation based on product, technology, user age group, end user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of powered wheelchair market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key product of all the major players.

The global powered wheelchair market report would provide approximately 69 tables, 69 figures and 184 pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

1. Methodology and Scope: 1.1. Research Methodology; 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary: 3.1. Snippet by Product; 3.2. Snippet by User Age Group; 3.3. Snippet by End User; 3.4. Snippet by Region
4. Dynamics: 4.1. Impacting Factors; 4.1.1. Drivers; 4.1.1.1. Product Launches; 4.1.1.2. XX; 4.1.2. Restraints; 4.1.2.1. High Cost; 4.1.2.2. XX; 4.1.3. Opportunity; 4.1.4. Impact Analysis
5. Industry Analysis: 5.1. Porter's Five Force Analysis; 5.2. Pricing Analysis; 5.3. Regulatory Analysis; 5.4. Patent Analysis; 5.5. Technology and Trend Analysis; 5.6. Unmet Needs; 5.7. SWOT Analysis; 5.8. DMI Opinion
6. COVID-19 Analysis: 6.1. Analysis of COVID-19; 6.1.1. Scenario Before COVID; 6.1.2. Scenario During COVID; 6.1.3. Scenario Post COVID; 6.2. Pricing Dynamics Amid COVID-19; 6.3. Demand-Supply Spectrum; 6.4. Government Initiatives Related to the Market During Pandemic; 6.5. Manufacturers Strategic Initiatives; 6.6. Conclusion
7. By Product: 7.1. Introduction; 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 7.1.2. Market Attractiveness Index, By Product; 7.2. Rear Wheel Drive Wheelchair*; 7.2.1. Introduction; 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 7.3. Front Wheel Drive Wheelchair; 7.4. Mid Wheel Drive Wheelchair; 7.5. Other Wheelchair
8. By User Age Group: 8.1. Introduction; 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By User Age Group; 8.1.2. Market Attractiveness Index, By User Age Group; 8.2. Geriatric*; 8.2.1. Introduction; 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 8.3. Adult; 8.4. Pediatric
9. By Technology: 9.1. Introduction; 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology; 9.1.2. Market Attractiveness Index, By Technology; 9.2. Standard Powered Wheelchair*; 9.2.1. Introduction; 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 9.3. Smart Powered Wheelchair
10. By End User: 10.1. Introduction; 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User; 10.1.2. Market Attractiveness Index, By End User; 10.2. Hospitals*; 10.2.1. Introduction; 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 10.3. Care Facilities; 10.4. Rehabilitation Centers; 10.5. Others
11. By Region: 11.1. Introduction; 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region; 11.1.2. Market Attractiveness Index, By Region; 11.2. North America; 11.2.1. Introduction; 11.2.2. Key Region-Specific Dynamics; 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By User Age Group; 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology; 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User; 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.2.7.1. U.S.; 11.2.7.2. Canada; 11.2.7.3. Mexico; 11.3. Europe; 11.3.1. Introduction; 11.3.2. Key Region-Specific Dynamics; 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By User Age Group; 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology; 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User; 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.3.7.1. Germany; 11.3.7.2. UK; 11.3.7.3. France; 11.3.7.4. Italy; 11.3.7.5. Spain; 11.3.7.6. Rest of Europe; 11.4. South America; 11.4.1. Introduction; 11.4.2. Key Region-Specific Dynamics; 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By User Age Group; 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology; 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User; 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.4.7.1. Brazil; 11.4.7.2. Argentina; 11.4.7.3. Rest of South America; 11.5. Asia-Pacific; 11.5.1. Introduction; 11.5.2. Key Region-Specific Dynamics; 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By User Age Group; 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology; 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User; 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.5.7.1. China; 11.5.7.2. India; 11.5.7.3. Japan; 11.5.7.4. Australia; 11.5.7.5. Rest of Asia-Pacific; 11.6. Middle East and Africa; 11.6.1. Introduction; 11.6.2. Key Region-Specific Dynamics; 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By User Age Group; 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology; 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
12. Competitive Landscape: 12.1. Competitive Scenario; 12.2. Market Positioning/Share Analysis; 12.3. Mergers and Acquisitions Analysis
13. Company Profiles: 13.1. Invacare Corporation*; 13.1.1. Company Overview; 13.1.2. Product Portfolio and Description; 13.1.3. Financial Overview; 13.1.4. Key Developments; 13.2. Sunrise Medical Limited; 13.3. OttoBock Healthcare, Inc.; 13.4. PERMOBIL AB; 13.5. Pride Mobility Products Corp.; 13.6. Meyra GmbH; 13.7. GF Health Products Inc.; 13.8. LEVO AG; 13.9. Kymco Healthcare; 13.10. SOWECARE B.V; LIST NOT EXHAUSTIVE
14. Appendix: 14.1. About Us and Single-use Filtration Assemblies; 14.2. Contact Us