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Global Electric Wheelchair Market

Dec. 1, 2019

Global Electric Wheelchair Market, By Product Type (Front Wheel Drive, Rear Wheel Drive, Center Wheel Drive, Standing and Electric Wheelchair), By Age Group (Pediatric, Adult, and Geriatric), By End User (Homecare Settings, Hospitals, Ambulatory Surgical Centers, Long Term Care Centers, and Others), By Region (North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR288      
Industry : Medical Devices
Pages :210 Pages
Format :   PPT Format   PDF Format

The global electric wheelchair market was valued at US$ xx million in the year 2018. This market is estimated to be valued at US$ xx million in the year 2019 and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of 9.9% during the forecast period (2020-2025). Increased adoption of wheelchairs due to factors such as ease of mobility, convenience, a growing worldwide elderly population and increasing demand from the sport industry for advanced wheelchairs, as many sporting events are organized for handicapped people such as wheelchair basketball, wheelchair rugby and others are expected to drive the market growth during the forecast period.

Table 1. Global Electric Wheelchair Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Product Type)

Front Wheel Drive, Rear Wheel Drive, Center Wheel Drive, Standing and Electric Wheelchair

Market Segmentation (By Age Group)

Pediatric, Adult, and Geriatric

Market Segmentation (By End User)

Homecare Settings, Hospitals, Ambulatory Surgical Centers, Long Term Care Centers, and Others

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East & Africa,

Key Players Coverage

Invacare Corporation, Sunrise Medical Limited, GF Health Products, Inc., Pride Mobility Products Corp, Permobil AB, MEYRA GmbH,  LEVO AG, Antano Group, Hoveround Corporation, KrosMedical Europe among others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

The growing need for wheelchairs due to cardiovascular disease such as amputation, paralysis and  cerebral palsy are expected to drive the electric wheelchair market. For instance, according to University of Miami health system, approximately 249,000 to 363,000 people in the U.S. are living with spinal cord injury (SPI). Evolving metropolitan environments and the increasing need for disabled people to get an automatic wheelchair are expected to support the demand for electric wheelchair market. Additionally, factors expected to accelerate the growth of the electric wheelchair market are upgradation of wheelchair with advanced technologies such as Wi-Fi and Bluetooth. Suspension improvements which used to absorb shocks while riding vehicles could also boost electric wheelchair market sales. In February 2017, Permobil introduced the first wheelchair equipped with complete suspension technology in North America. However, high maintenance costs may hinder the market growth.

Figure 1. PORTER’S Analysis

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

The electric wheelchair market predominates in North America due to the specific medical facilities offered by the government to the ageing population. For instance, in August 2014, the U.S. government has paid approximately U.S. $490.4 million to procure power wheelchairs. The technical development experienced in the electronic wheelchair industry and the rise in items fitted with power and accessibility gadgets may support the market growth. Asia-Pacific market is expected to have substantial growth in the coming years due to enormous patient pool and geriatric population that needs electric wheelchair.

Figure 2. Regional Analysis

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

Competitive Landscape

Key players in global electric wheelchair market include Invacare Corporation, Sunrise Medical Limited, GF Health Products, Inc., Pride Mobility Products Corp, Permobil AB, MEYRA GmbH, LEVO AG, Antano Group, Hoveround Corporation, KrosMedical Europe and among others.

Key players in the market are focused on making technological innovations to make their products more user friendly and efficient. Additionally, manufacturers also work to provide advanced wheelchairs at public places such as airports. For example, in June 2017, the Japanese company WHILL has developed self-driving wheelchairs with sensor-based anti-collision technology to provide the airport users a flawless experience.  

Figure 3. Market Share of Key Players, 2019

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

By Product Type

  • Front Wheel Drive
  • Rear Wheel Drive
  • Center Wheel Drive
  • Standing Electric Wheelchair

By Age Group

  • Pediatric
  • Adult
  • Geriatric

By End User

  • Homecare Settings
  • Hospital
  • Ambulatory Surgical Centers
  • Long Term Care Centers
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Note: This report provides an in-depth analysis of the global electric wheelchair market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global electric wheelchair market?
  • What key factors are expected to increase the demand for the electric wheelchair market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global electric wheelchair market?
  • What is the total market value (US$ Mn) generated in the global electric wheelchair market by product type in 2019 and what are the forecasts by 2025?
  • Which age group is expected to foster the electric wheelchair market growth?
  • Which end-user is expected to dominate the electric wheelchair market in the coming years?
  • What was the total revenue generated by the global electric wheelchair market across different regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global electric wheelchair market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the electric wheelchair market?
  • What are the major outcomes derived from Porter’s five forces?
  • What new products are going to be approved or launched in the coming years which may have a huge impact on the market?
  • What insights are derived through the analysis of key players on the following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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