Global Electric Wheelchair Market, By Modality (Rear Wheel Drive Electric Wheelchair, 4 Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Self Balancing Wheelchair, Standing Electric Wheelchair, Remote Control), By Age Group (> 60 years, 21 to <60 years and <20 years ), By End User (Consume, Care (Hospitals, Clinics and Care Homes), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) 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), as highlighted in a new report published by Coherent Market Insights.
Key market players are focusing on adopting growth strategies such as product launches, which is expected to drive the global electric wheelchair market. For instance, in August 2021, Invacare Corporation, one of the global leaders in the manufacture and distribution of innovative home and long-term care medical products, announced the launch of the Invacare AVIVA STORM RX power wheelchair, setting a new standard for rear-wheel drive power mobility.
Global Electric Wheelchair Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019, as "coronavirus disease 2019" or COVID-19. The virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries, such as India, China, Brazil, and others, faced problems with regard to the transportation of things from one place to another.
COVID-19 had a negative impact on the global electric wheelchair market due to Several factors including the increased risk of being discharged from COVID-19 treatment while hospital beds, supplies, and staff were in short supply and many states did not designate this population as a priority when vaccines got emergency use authorisation which is expected to drive the growth of the global electric wheelchair market. For instance, in October 2021, the National Council on Disability, a free-standing government organization dedicated to leading in the field of disability police , published data according to which, People with intellectual or developmental disabilities, as well as medically fragile and technology-dependent people, faced a high risk of being triaged out of COVID-19 treatment when there were not enough hospital beds, supplies, or staff available. They were occasionally refused the help of essential support persons while hospitalized, as well as the usage of their personal ventilator machines after being admitted. Both informal and official Crisis Standards of Care (CSC) pronouncements, which guided the distribution of limited healthcare resources in surge situations, singled out people with certain disabilities for denial of care.
Global Electric Wheelchair Market: Key Developments
On June 13, 2023, Jin Medical International Ltd., a Cayman Islands holding company with Chinese operating entities that manufacture and develop wheelchairs and living aid products, launched a new ultralight electric wheelchair model in collaboration with Nanjing Tech University (“NJTech”), which is a top-tier university with over 100 years of history and is well-known for its training programs for engineers in China.
In September 2022, Sunrise Medical, a manufacturer and distributor of advanced assistive mobility devices and solutions, announced the launch of the ZIPPIE Q300 M Mini, an electric wheelchair that offers pediatric power seating on a compact power wheelchair base.
In August 2021, Invacare Corporation, one of the leading manufacturers and distributors in its markets for medical equipment used in non-acute care settings, launched the Rear-wheel drive power wheelchairs include the Invacare AVIVA STORM RX.
In October 2020, Pride Mobility Products Corp., one of the global leading designer and manufacturer of mobility products, launched the Go Chair MED Power Chair, a HCPCS coded electric wheelchair with anti-tips on the front tires to enable the unit to climb to 40 millimeters, a requirement to meet the K0821 code.
Browse 37 Market Data Tables and 33 Figures spread through 160 Pages and in-depth TOC on “Global Electric Wheelchair Market”- Forecast to 2030, Global Electric Wheelchair Market, By Modality (Rear Wheel Drive Electric Wheelchair, 4 Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Self Balancing Wheelchair, Standing Electric Wheelchair, Remote Control), By Age Group (> 60 years, 21 to <60 years and <20 years ), By End User (Consume, Care (Hospitals, Clinics and Care Homes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/electric-wheelchair-market-1758
Key Takeaways of the Global Electric Wheelchair Market:
- The global electric wheelchair market is expected to exhibit a CAGR of 11% during the forecast period.
- Among modality, the front wheel drive electric wheelchair segment is expected to hold a dominant position in the global electric wheelchair market during the forecast period, and this is attributed to the product launch of the front wheel drive electric wheelchair. For instance, in March 2020, Invacare Corporation announced the launch of the AVIVA FX Power Wheelchair, a front-wheel drive power mobility electric wheelchair.
- Among region, North America is expected to be the dominant region in the global electric wheelchair market, owing to the key players focus on organic strategies such as facility expansion. For instance, in October 2021, Sunrise Medical, one of the global manufacturers and distributors of advanced assistive mobility devices and solutions announced the facility expansion at Nashville-based facility, U.S., for the production of mobility power wheelchairs.
- Major players operating in the global electric wheelchair market are Invacare Corporation, Sunrise Medical (US) LLC, Permobil Inc., Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Hoveround Corporation, Ottobock Healthcare, 21st Century Scientific, Inc., Meyra GmbH, LEVO AG, Merits Co. Ltd., Segway Inc., Scewo, GF Health Products Inc., Karman Healthcare, Inc., KYMCO Healthcare, SOWECARE B.V, and Nanjing Jin Bai He Medical Apparatus Co., Ltd.
