Wheelchair Market: Hospital Application Segment is Estimated To Register The Fastest CAGR
Wheelchair Industry Overview
The global wheelchair market size was valued at USD 4.8 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. The market has witnessed a decline in 2020 during the COVID-19 pandemic due to the disrupted supply chain and operations in different regions. The rising geriatric population and the increasing number of spinal cord injuries which needs mobility assistance are some of the major factors driving the market growth. According to the National Spinal Cord Injury Statistical Center, around 17,730 new spinal cord injuries occur in the U.S. every year, with vehicular crashes being the leading cause of injury. Thus, the U.S. stands as a key market for the wheelchair. The COVID-19 pandemic had significantly affected the transport and mobility sector. It had disrupted the supply channel of the wheelchair to a great extent.
Wheelchair operations were halted across several countries owing to strict lockdowns being implemented. Hospitals have witnessed consistent demand owing to a spike in the number of elderly populations getting admitted due to the COVID-19 infection. With the revised COVID-19 restrictions, companies are expected to resume operations. The demand for wheelchairs is expected to increase on account of the prevalence of chronic disease, rising geriatric population, and increased risk of lifestyle-associated disorders among a wide population due to the rising incidences of obesity and sedentary lifestyle.
Gather more insights about the market drivers, restrains and growth of the Global Wheelchair market
Developing countries such as India are expected to be key revenue generators for wheelchair manufacturers over the forecast period. The country has one of the highest rates of road accidents at a global level, leaving several people disabled. It also has one of the highest disabled populations at a global level. In terms of availability and adoption, the country is still at the nascent stage, however, with the supportive government initiatives and growing awareness among consumers, the demand for wheelchairs is expected to boost in the years to come.
Evolving technological advancements in wheelchair designs are a key trend expected to drive future sales for the market. The launch of battery-operated electric wheelchairs is expected to assist the users to a better extent. Additionally, with the improvement in the design, the wheelchairs are now capable of storing and connecting the device with the patient’s medical history, and even monitoring the health of the users. In March 2020, Invacare Corporation launched an AVIVA FX Power Wheelchair. It is designed with a blend of new technologies for providing better comfort and can be used both indoors and outdoors.
Browse through Grand View Research's Medical Devices Industry Research Reports.
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Wheelchair Market Segmentation
Grand View Research has segmented the global wheelchair market report based on product, category, end-use, and region:
Wheelchair Product Outlook (Revenue, USD Million, 2018 - 2030)
- Manual
- Electric
Wheelchair Category Outlook (Revenue, USD Million, 2018 - 2030)
- Adult
- Pediatric
Wheelchair End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Homecare
- Hospitals
- Ambulatory Surgical Centers
- Rehabilitation Centers
Wheelchair Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights:
- July 2021: Sunrise Medical launched the QUICKIE Nitrum ultra-light wheelchair which offers the highest rigidity and strength. Wheelchair manufacturers had to halt their operations during the COVID-19 pandemic.
Key Companies profiled:
Some of the prominent players in the 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
- Pride Mobility Products Corp.
- Seating Matters
Order a free sample PDF of the Wheelchair Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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