A wheelchair is a type of mobility aid which helps people with restricted mobility get from one place to another. It is made up of several important parts that work together to give the user utility and comfort. The global wheelchair and components market is a vital sector within the healthcare industry, catering to individuals with mobility limitations. Wheelchairs are crucial mobility aids that provide independence and enhance the quality of life of people with disabilities, injuries, or medical conditions. This market encompasses a wide range of products and components that contribute to the functionality, comfort, and customization of wheelchairs.

The market rivalry is growing with the rising demand for wheelchairs and their components, thereby encouraging innovation, better product options, and competitive pricing. The market for wheelchairs and components plays a vital role in enhancing mobility and enhancing the overall quality of life for individuals with limited mobility. It enables their active participation and inclusion in various daily activities. By providing reliable and effective mobility solutions, the wheelchair market contributes to improving accessibility and independence for individuals with mobility challenges, promoting their full engagement in everyday life.

Market Dynamics

The market for wheelchairs and components is projected to grow as spinal cord injuries and associated disabilities become more common. For instance, as per the National Spinal Cord Injury Statistical Center report released in 2023, approximately 18,000 new spinal cord injuries occur each year in the U.S. (54 incidents per 1 million). This does not include those who die from their injury at the scene of the accident. It is estimated that there are 302,000 people with spinal cord injuries (SCI) living in the U.S.

The rising number of people with walking disabilities is also anticipated to stimulate the market growth. For instance, according to World Health Organization (WHO), there are 1.3 billion people globally who are severely disabled. This equates to 1 in every 6 of people, or 16% of the world's population. Some people with disabilities pass away up to 20 years sooner than others who do not have any disability. Wheelchairs serve as essential mobility aids for individuals with disabilities, enabling them to move independently and carry out daily activities. People with disabilities, such as those with mobility impairments resulting from spinal cord injuries, neurological conditions, or musculoskeletal disorders, often rely on wheelchairs as their primary means of transportation.

Key features of the study:

• This report provides an in-depth analysis of the global wheelchair and components market and provides market size (US$ million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategy adopted by key players
• It profiles key players in the global wheelchair and components market based on the following parameters - company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
• Key companies covered as a part of this study include: OEM Companies: Invacare Corp., Ottobock, Permobil AB, Pride Mobility Products Corp., Handicare, Sunrise Medical, Hoveround, Panthera X, 21st Century Scientific, Inc., and Meyra Wilhelm Meyer GmbH & Co. KG
• Tier 1 Component Suppliers Companies: Tetra Equipment GMBH, Custom Engineered Wheels, The Wheelchair Place, LLC, Alber GmbH, and Intelli Wheels
• Material Suppliers Companies: E.I. DuPont De Nemours and Company, Toray Industries, Inc., Mitsubishi Rayon Co., Ltd., Toho Tenax, and Shanghai Cedar Composites Technology Co., Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology upgrade, market expansion, and marketing tactics
• The global wheelchair and components market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wheelchair and components market

Detailed Segmentation:

• Global Wheelchair and Components, By Technology:
  • Continuous Fiber Composites
  • Discontinuous Fiber Composites
  • Metal
• Global Wheelchair and Components, By Components:
  • Hand Rims & Wheel Rims
  • Frames
  • Other Components
• Global Wheelchair and Components, By Application:
  • Manual Wheelchairs
  • Powered Wheelchairs
  • Powered Scooters
• Global Wheelchair and Components, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East
    • By Country:
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Country/Region:
      • South Africa
      • Central Africa
      • North Africa
• Company Profiles
  • OEM Companies
    • Invacare Corp.
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Ottobock
    • Permobil AB
    • Pride Mobility Products Corp.
    • Handicare, Sunrise Medical
    • Hoveround
    • Panthera X
    • 21st Century Scientific, Inc.
    • Meyra Wilhelm Meyer GmbH & Co. KG
  • Tier 1 Component Suppliers Companies
    • Tetra Equipment GMBH
    • Custom Engineered Wheels
    • The Wheelchair Place, LLC
    • Alber GmbH
    • Intelli Wheels
  • Material Suppliers Companies
    • I. DuPont De Nemours and Company
    • Toray Industries, Inc.
    • Mitsubishi Rayon Co., Ltd.
    • Toho Tenax
    • Shanghai Cedar Composites Technology Co., Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.