Global Wheelchair Market Size, Share & Trends Analysis Report By Product (Manual, Electric), By Category (Adult, Pediatric), By Application (Homecare, Hospitals, Rehabilitation centres) Region and forecast till 2027.

Global Wheelchair Market Size, Share & Trends Analysis Report By Product (Manual, Electric), By Category (Adult, Pediatric), By Application (Homecare, Hospitals, Rehabilitation centres) Region and forecast till 2027.

Global Wheelchair Market

The global wheelchair market was valued at USD 4 billion in 2020 and is expected to grow at a 7.6 percent compound annual growth rate (CAGR) from 2021 to 2027. Some of the key factors driving the market include an increasing geriatric population and an increase in the number of disorders such as spinal cord injuries that necessitate mobility assistance. The National Spinal Cord Injury Statistical Center (NSCISC) reports that approximately 17,730 new spinal cord injuries occur in the United States each year, with vehicular accidents being the leading cause of injury.

Drivers: Increasing Geriatric Population

Some of the main factors driving the market are the growing geriatric population and the rise in the number of disorders such as spinal cord injuries that necessitate mobility assistance. The growing geriatric population will eventually increase demand for wheelchairs. The increase in the global life expectancy of elderly people is also one of the primary factors likely to contribute to market growth.

Restraints: High Cost of Wheelchairs

There are two types of wheelchairs on the market: manual and powered. Because powered wheelchairs are more expensive than manual wheelchairs, the global wheelchair market is expected to slow throughout the forecast period.

Impact of COVID-19

The COVID-19 pandemic severely disrupted the wheelchair supply chain. Due to strict lockdowns, wheelchair operations were pushed across several countries. This had resulted in a +x for several wheelchair users. Since their operations were halted, the manufacturers have also faced difficulties. Though the number of hospital visits by regular patients decreased throughout the lockdown, the number of COVID-19 patients increased.

Segmentation By Product:

By Product the market is segmented into manual & Electric. With a revenue share of more than 53% in 2020, the electric product segment is expected to grow at the fastest CAGR during the forecast period. Electric wheelchairs give the user more independence because they are simple to use and can travel longer distances. These wheelchairs are ideal for people who lack upper body strength. The manual product segment is expected to grow significantly over the forecast years due to the high demand for manual wheelchairs due to their low cost and weight and non-dependence on charging. They are also available in a variety of configurations and weights, ranging from standard to ultra-lightweight, and take up little space because many of the product models are foldable. Permobil, a pioneer in advanced medical technology, introduced the SmartDrive PushTracker E2, an advanced power assist system for manual wheelchairs, in 2019.

Segmentation By Category:

Based On the category the market is segmented into Adult and Pediatric. In 2020, the adults segment dominated the market, accounting for 69.4 percent of total revenue. The segment is expected to maintain its dominance throughout the forecast period. This is primarily due to the world's growing elderly population, which is included in the definition of adults. Individuals over the age of 18 are considered adults. The paediatric segment is expected to grow significantly as the number of childhood disorders such as cerebral palsy increases. Cerebral palsy is one of the most common movement disorders that necessitate the use of a wheelchair. According to the Cerebral Palsy Guidance, over 10,000 babies are born in the United States each year with this disorder.

Segmentation By Application:

In 2020, the rehabilitation centres segment dominated the market, accounting for more than 34% of total revenue. However, the segment will grow slowly over the forecast period. The global market has been segmented by application into homecare, hospitals, Ambulatory Surgical Centers (ASCs), and rehabilitation centres. From 2021 to 2027, the hospitals segment is expected to grow at the fastest rate.

Segmentation by Region

Based on region, the NGS services market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. During the forecast period, Asia Pacific is expected to have the fastest CAGR. Because of improvements in healthcare facilities and growing government initiatives to provide quality mobility devices, the region is supported by a large population base in countries such as India and China. Furthermore, countries with a large geriatric population, such as Japan, support market growth. According to a 2019 article in The Japan Times, more than 20.0 percent of the country's population was over 65, the highest proportion in the world. By 2030, one in every three people will be 65 or older, and one in every five will be 75 or older. The region's lifestyle, on the other hand, may limit the need for wheelchairs.

Competitive Landscape:

The leading players in the global wheelchair market include Carex Health Brands, Inc., Drive medical design & Manufacturing, Graham-Field Health Products Inc., Invacare , Medline, Sunrise medical LLC, Karman Healthcare, Quantum rehab, Numotion and Pride Mobility Products Corp.

Industrial Development:

In March 2020, Invacare Corporation announced the launch of premiere product wheelchair, setting a new standard for the front wheel drive mobility market.

Sunrise medical has entered into partnership with team gleason, it will help them to work on their mission.

In Jan 2020, Quantum Rehab has launched the new edge stretto, the newest power base in america. Quantum believes the new edge wil be the best fit for children.

Market taxonomy

Based on product

• Electric
• Manual

• Adults
• Pediatric

• Homecare
• Hospitals
• Ambulatory surgical centres
• Rehabilitation centres

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa