Individuals increasing disability rate is likely to fuel market expansion throughout the predicted period. Increasing technical breakthroughs in wheelchair development, such as the usage of artificial intelligence by prominent market participants, are projected to boost market expansion. The high cost of wheelchairs is a key impediment to the expansion of the global wheelchairs industry. Sports wheelchairs, stair climbing wheelchairs, and smart wheelchairs are projected to fuel growth in the wheelchairs industry in the near future.
Scewo, a Swiss med-tech startup, released the Scewo BRO, a groundbreaking technological wheelchair, in January 2022. The wheelchair equipped with this technology is the first of its type to be capable of climbing stairs while only utilising two wheels. It features digital steering functions and will be further enhanced in the future for autonomous driving.
Coherent Market Insights mentions in its study that Global Wheelchairs Market is estimated to be valued at US$ 9,660.2 million in 2022 and is expected to exhibit a CAGR of 15.3% during the forecast period (2022-2030).
Leading Companies in the Wheelchair Industry:
1. Invacare Corporation
Invacare Corporation was founded in 1885 and is headquartered in Elyria, Ohio. Invacare Corporation, together with its subsidiaries, designs, manufactures, distributes, and exports medical equipment for use in home health care, retail, and extended care markets worldwide. The company offers mobility and seating products, such as power wheelchairs under the Invacare TDX brand; custom manual wheelchairs under the Invacare, Invacare Top End, and Küschall brand names. On august 2021, Invacare Corporation Introduces the Invacare® AVIVA® STORM RX™, a Next Generation Rear Wheel Drive Power Wheelchair.
2. Sunrise Medical
Sunrise Medical, Inc. designs, manufactures, and markets medical products and technology devices. The Company offers seating and positioning products, pediatric, standard, manual, and powered wheelchairs, as well as accessories, rehabilitation, and sports products. Sunrise Medical serves customers worldwide. On august 2022, Sunrise Medical announced that it has completed two strategic acquisitions in Europe in 2022 - The Helping Hand Company based in the UK and Now Tech based in Hungary - continuing its strong pursuit for strategic improvements and growth.
3. Ottobock
Ottobock was founded in 1919. The company is headquartered in Duderstadt, Germany. On July 2022, Family-run rehabilitation and healthcare equipment specialist Recare has introduced its Ottobock Zenit wheelchair range to the UK market on a busy stand at Naidex 2022. Its patented ‘Easy-go’ system means in one quick movement the Zenit can be folded and reduced in size for transit in a car or compact storage.
4. 21st Century Scientific, Inc.
21st Century Scientific, Inc. was founded in 1979. 21st Century Scientific is a manufacturer of high-performance and off-road power wheelchairs. The company is headquartered in Idaho,U.S.
5. Permobil
Permobil is proud to be the global leader in advanced clinical rehabilitation technology, headquartered in Sweden. The company was founded in 1967.On January 2021, Permobil and LUCI anounced a partnership to provide LUCI’s groundbreaking smart wheelchair technology through Permobil’s industry-leading clinical education and commercial organization to Veterans Affairs’ (VA) rehabilitation clinics in the United States.
6. Pride Mobility Products Corp
Pride Mobility products® corporation is the world’s leader in the design,
development and manufacture of mobility products. the company was founded in 1986, headquartered in Pennsylvania, U.S. On October 2020, pride mobility® launches go chair® med power chair. The Go Chair MED has anti-tips on the front tires to enable the unit to climb to 40 millimeters, a requirement to meet the K0821 code. The Go Chair MED is a feature-rich power chair with a compact design and a tight turning radius. It has feather-touch disassembly so the chair can be easily disassembled in just a few steps, making it extra portable.
7. GF HEALTH PRODUCTS
On February 2020, GF Health Products, Inc. (“Graham-Field”) is Proud to Introduce the Wheelchair Positioning Tray; ideal for eating, reading, and writing while seated in wheelchair or resting in bed. The company was founded in 1946, headquartered in Atlanta, Georgia.
8. MEYRA GmbH
MEYRA GmbH founded in 1936. MEYRA GmbH (founded in 1936) is part of the globally active MEYRA Group and one of the most internationally renowned and successful wheelchair manufacturers and suppliers. The company produces many products at its headquarters in Germany, sells them in more than 70 countries and operates a further eight production, assembly and sales locations in Poland, Norway, Denmark, France, Hungary, Russia, the Czech Republic and China. In December 2021, Meyra Gmbh announced the launch of iChair Meylife, an intelligent power wheelchair.
9. Medical Depot
Medical Depot was established in 2003 as a subsidiary of Irie International Holding Ltd. which has serviced Government health care facilities in North America since 1999. dedicated portal to deliver sundries fast and efficiently to our small business owners in cities and towns across North America. The company is headquartered in Washington, U.S.
10. Drive DeVilbiss International
Headquartered in Port Washington, New York, Drive DeVilbiss Healthcare manufactures a complete line of medical products, including mobility products, sleep and respiratory products, beds, bariatric products, wheelchairs, sleep surfaces and pressure prevention products, self-assist products, power operated wheelchairs, rehabilitation products, patient room equipment, personal care products and Mobility electrotherapy devices. Currently, the Company has corporate offices, manufacturing facilities and distribution facilities located throughout the United States, Canada, the United Kingdom, France, Germany, Romania, the Netherlands, China, Hong Kong, India and Australia. The company was founded in 1984.
*Definition- Wheelchairs are used for movement by handicapped people or those who are unable to walk due to an injury or sickness such as cerebral palsy. Wheelchairs are classified into two types: manual wheelchairs and power or electric wheelchairs.
