ELECTRIC WHEELCHAIR MARKET ANALYSIS

Market Challenges And Opportunities

Global Electric Wheelchair Market– Drivers and Opportunities

Increasing organic strategies such as product launches: Increasing organic strategies, such as product launches, are expected to propel the growth of the global electric wheelchair market over the forecast period. For instance, on July 27, 2023, Vital Mobility Medical Supplies, one of the leading mobility equipment suppliers, announced the launch of the Robooter X40 Automatic Folding Wheelchair and the Robooter E40 Light-Weight Folding Wheelchair. The Robooter X40 Automatic Folding Wheelchair combines all-terrain performance with automated folding technology.

The increasing geriatric population: The increasing geriatric population is the major factor that is expected to drive market growth of the global electric wheelchair over the forecast period. For instance, in October 2022, the World Health Organization (WHO) published data according to which eighty percent of senior citizens will reside in low- and middle-income nations by 2050. The population is aging considerably more quickly than in the past. In 2020, there was more people over the age of 60 than under five year old. Moreover, the percentage of people over 60 around the globe will increase from 12% to 22% between 2015 and 2050, which is expected to fuel the electric wheelchair market growth over the forecast period.

Global Electric Wheelchair Market: Restraints

Limited accessibility and infrastructure for the wheelchair: Limited accessibility and infrastructure for the wheelchair are expected to hinder market growth over the forecast period. For instance, according to  data published by Semantic Scholar in 2020, electric wheelchairs rely on well-maintained sidewalks, ramps, and accessible public spaces to be effective mobility aids. However, in many areas, especially in developing countries such as India, Brazil, etc., The infrastructure is insufficient to support users of electric wheelchairs. For instance, several sidewalks were devoid of ramps or in poor condition, making it difficult for users to maneuver. The limitation affected the market because potential users might have hesitated to invest in electric wheelchairs when the environment was not conducive to their use. It also posed challenges for manufacturers trying to expand their markets in regions with subpar infrastructure, as they had to contend with these accessibility issues.