ELECTRIC WHEELCHAIR MARKET ANALYSIS
The global electric wheelchair market is estimated to be valued at US$ 7.83 billion in 2023 and is expected to exhibit a CAGR of 11% during the forecast period (2023-2030).
Figure 1. Global Electric Wheelchair Market Share (%), By Modality, 2023
Figure 2. Global Electric Wheelchair Market Share (%), By Region, 2023
Market Trends
Global Electric Wheelchair Market– Drivers
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.
Electric Wheelchair Market Report Snapshots
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