Electric Wheelchair Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Electric Wheelchairs Industry Growth and is Segmented by Type (Front-wheel Drive, Center Wheel Drive, Rear-wheel Drive, and Standing Electric Wheelchair), End-User (Personal, Hospitals, and Sports Conditioning), and Geography (North America (United States, Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Russia, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (South America and Middle East and Africa)). The report offers market size and forecasts for the Electric Wheelchair Market in value (USD billion) for the above-mentioned segments.

Electric Wheelchairs Market Size

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Electric Wheelchair Market Summary
Study Period 2020 - 2029
Market Size (2024) USD 3.88 Billion
Market Size (2029) USD 6.47 Billion
CAGR (2024 - 2029) 10.76 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Electric Wheelchair Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Electric Wheelchairs Market Analysis

The Electric Wheelchair Market size is estimated at USD 3.88 billion in 2024, and is expected to reach USD 6.47 billion by 2029, growing at a CAGR of 10.76% during the forecast period (2024-2029).

The COVID-19 pandemic positively impacted the electric wheelchair market. Many hospitals and health institutes were flooded with people infected with the virus. Thus, the demand for electric wheelchairs increased in 2020. In 2020 electric chairs reached sales of almost 2 million units worldwide. This growth is anticipated to continue during the forecast period, primarily due to the increasing elderly population.

Over the long term, the increase in disabilities due to a rise in the elderly population and the prevalence of chronic diseases, encouraging hospitals and healthcare facilities to use electric wheelchairs to improve the welfare of patients and healthcare workers is anticipated to remain a major driving factor for the market studied. In addition, electric wheelchairs are used in-home care settings to transfer patients safely and comfortably from one place to another. Thus, the demand for electric wheelchairs is expected to increase in hospitals and elderly care homes, owing to the unprecedented increase in the geriatric population. For instance

  • In 2021, one billion people were reported to live with some disability by the World Health Organisation, constituting 15% of the total population in the world.

Major key players are focusing on launching several new products to capture the growing market share provoked by the ever-increasing geriatric population. For instance,

  • In January 2022, Permobil AB launched the flagship Progeo Noir 2.0 carbon fiber wheelchair in the United Kingdom.
  • In August 2021, Pride Mobility Products Limited introduced the Jazzy EVO 613 2 electric chair, which is powered by a Li-ion battery and has a maximum speed of 5.1 miles per hour.

Thus the confluence of all the aforementioned factors is anticipated to drive growth in the global electric wheelchair market.

Electric Wheelchairs Market Trends

This section covers the major market trends shaping the Electric Wheelchair Market according to our research experts:

Growing Elderly Population Across the World

The growing elderly population across the world is driving the electric wheelchair market. As per the data released by the World Health Organization, the number of people aged 65 years and over may double as a proportion of the global population from 7% in 2000 to 16% in 2050. By then, the number of older adults may be greater than that of children (aged 0-14 years) in the population. Thus, an increase in the elderly population is anticipated to create an opportunity to adopt electric wheelchairs in the global market.

The United Nations estimates that by 2030, with a ratio of 1.04 to 1, the elderly population will outnumber children. Economic development in countries like India created many work opportunities for the younger population, who cannot care for the elderly. Both younger people who work hard and older people who lack upper body strength find manual wheelchairs exhausting.

According to the World Health Organization, 50 million people are injured annually due to vehicle accidents worldwide. Electric wheelchairs aid in patients' safe and comfortable movement from one area to another. Thus, the increase in accidents is expected to raise the demand for electric wheelchairs over the forecast period.

According to Worldbank.org, nearly 200 million people are suffering from significant disabilities globally. Wheelchairs are used by disabled people and people with lung and cardiovascular ailments who cannot afford to walk for long distances. The rising elderly population and the increasing number of chronic diseases are expected to contribute to the demand for electric wheelchairs during the forecast period.

Also, the trend of rapidly aging demographies like Europe, North America, Japan, and China is further accelerating the growth in the electric wheelchair market.

Key players are expanding their manufacturing capacity to address the growing market for electric wheelchairs. For instance

  • In October 2021, Ottobrock, the global health-tech company, officially opened a new manufacturing plant for wheelchairs located at Blagoevgrad in Bulgaria. This is the company's tenth manufacturing facility worldwide. The manufacturing plant will undertake fabrication work for wheelchairs from other Ottobrock plants in China, Germany, and Austria.

Thus the confluence of the aforementioned factors will drive the growth of the electric wheelchair worldwide.

Electric Wheelchair Market: Population with Disability, United States, in %, 2018-2021

Asia-Pacific to Exhibit the Highest Growth Rate

China and India are the two most populated countries in the Asia-Pacific. With over 241 million Chinese individuals over 60 years, China is considered an aging economy. Moreover, China produces roughly 75% of the world's electric wheelchairs, owing to the aluminum production hubs and major players operating in the country.

India is the second most populated country in the world, with a tally of about 1.40 billion. About 2% of the total population suffers from a disability, and about 30% have a mobility impairment and need assistance. India ranks first out of all countries in road accidents. According to the National Crime Records Bureau data, 422659 accidents occurred in India in 2021, leading to 155000 deaths and 371000 injured people. Thus the rising number of injured people due to the increasing road accidents is also likely to contribute to the growth of the electric wheelchair market in India.

North America is expected to follow Asia-Pacific during the forecast period. As per the United States disability statistics for 2021, 61 million adults in the US lived with some disability. These disabilities are more common among older individuals, with almost half of those aged 75 years and older living with a disability, which is expected to increase the demand for electric wheelchairs across North America.

Electric VWheelchair Market - Growth Rate By Region (2022-2027)

Electric Wheelchairs Industry Overview

The electric wheelchair market is fragmented, with global and local players dominating the market. Some major players are OttoBock Healthcare GmbH, Invacare Corporation, Pride Mobility Products Corp., Sunrise Medical, and Permobil AB.

To provide additional comfort to the patients, major key players are working on the design and ergonomics of the wheelchair. For instance

  • In February 2022, Invacare Corporation introduced its next-generation e-fix eco Power Assist Device, which converts manual wheelchairs into electric wheelchairs.
  • In January 2022, Swiss startup Scewo launched Scewo BRO, a new electric wheelchair for people with mobility issues to climb stairs.

Electric Wheelchairs Market Leaders

  1. Invacare Corporation

  2. Sunrise Medical Limited

  3. Permobil AB

  4. OttoBock Healthcare

  5. Pride Mobility Products Corp.

*Disclaimer: Major Players sorted in no particular order

Electric Wheelchair Market Concentration
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Electric Wheelchairs Market News

Concepts such as standing wheelchairs, self-driving wheelchairs with visual sensors to detect impediments, and lightweight electric wheelchairs constructed of carbon fiber are expected to boost the market. For instance,

  • August 2022- Sunrise Medical announced the completion of two strategic acquisitions in Europe. The first acquisition is of Helping Hand Company in the United Kingdom, specializing in designing, manufacturing, and distributing pressure management seating and positioning products, Symmetrikit 24-hour postural care range, independent living, and environmental products. The second acquisition is of Now Tech in Hungary, which is a digital, software, and electronic engineering company.
  • May 2022- Sunrise Medical launched 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.
  • April 2022- Permobil Inc., the United States subsidiary of Permobil AB, announced to invest USD 15.5 million to expand production at its Lebanon, Tennesse manufacturing plant in the United States. In February 2022, OttoBock Healthcare GmbH acquired the Dutch company Veldink4kids which manufactures special wheelchairs for kids, to strengthen its children's portfolio.
  • January 2022- Invacare Corporation introduced the Invacare® AVIVA® STORM RX™ Narrow Base Power Wheelchair. This model offers several new features compared to the standard version of itself.
  • November 2021- MEYRA GmbH introduced the new iCHAIR METLIFE-powered wheelchair via its NETTI brand. This chair was specifically designed to cater to the needs of people with multiple disabilities.

Electric Wheelchairs Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Front Wheel Drive

      2. 5.1.2 Center Wheel Drive

      3. 5.1.3 Rear Wheel Drive

      4. 5.1.4 Standing Electric Wheelchair

    2. 5.2 By End-User

      1. 5.2.1 Personal

      2. 5.2.2 Hospital

      3. 5.2.3 Sport Conditioning

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 South America

        2. 5.3.4.2 Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 Sunrise Medical Limited

      2. 6.2.2 Invacare Corporation

      3. 6.2.3 Permobil AB

      4. 6.2.4 OttoBock Healthcare

      5. 6.2.5 Pride Mobility Products Corp.

      6. 6.2.6 Drive Medical Ltd

      7. 6.2.7 LEVO Ag

      8. 6.2.8 MEYRA GmbH

      9. 6.2.9 Karman Healthcare

      10. 6.2.10 GF Health Products

      11. 6.2.11 Golden Technologies

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Electric Wheelchairs Industry Segmentation

An electric wheelchair is defined as a wheelchair that is powered by an electric motor to aid the mobility of the person riding it. It eliminates the need for physical human efforts to move the electric wheelchair. Electric wheelchairs have been observed to significantly enhance the mobility of differently-abled people and help them to live an independent lifestyle.

The Electric Wheelchair Market is Segmented by Type (Front-wheel Drive, Center Wheel Drive, Rear-wheel Drive, and Standing Electric Wheelchair), End-User (Personal, Hospitals, and Sports Conditioning), and Geography (North America (United States, Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Russia, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (South America and Middle East and Africa)). The report offers market size and forecasts for the Electric Wheelchair Market in value (USD billion) for the above-mentioned segments.

By Type
Front Wheel Drive
Center Wheel Drive
Rear Wheel Drive
Standing Electric Wheelchair
By End-User
Personal
Hospital
Sport Conditioning
By Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East & Africa
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Electric Wheelchairs Market Research FAQs

The Electric Wheelchair Market size is expected to reach USD 3.88 billion in 2024 and grow at a CAGR of 10.76% to reach USD 6.47 billion by 2029.

In 2024, the Electric Wheelchair Market size is expected to reach USD 3.88 billion.

Invacare Corporation, Sunrise Medical Limited, Permobil AB , OttoBock Healthcare and Pride Mobility Products Corp. are the major companies operating in the Electric Wheelchair Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Electric Wheelchair Market.

In 2023, the Electric Wheelchair Market size was estimated at USD 3.5 billion. The report covers the Electric Wheelchair Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Electric Wheelchair Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Electric Wheelchair Industry Report

Statistics for the 2024 Electric Wheelchair market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Electric Wheelchair analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Electric Wheelchair Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)