What is Global Powered Wheelchairs Market?
The Global Powered Wheelchairs Market is a vast and dynamic sector that encompasses a wide range of products designed to enhance mobility for individuals with physical disabilities. These powered wheelchairs, which are essentially motorized versions of traditional manual wheelchairs, are equipped with electric motors and are controlled by the user via a joystick or similar device. The market for these products is global in nature, with demand stemming from various regions around the world. The market's value was estimated to be US$ 1485 million in 2022, and it is projected to grow to US$ 2028.3 million by 2029. This represents a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2023 to 2029.
Foldable Powered Wheelchair, Unfoldable Powered Wheelchair in the Global Powered Wheelchairs Market:
Within the Global Powered Wheelchairs Market, there are two main types of products: foldable powered wheelchairs and unfoldable powered wheelchairs. Foldable powered wheelchairs, which account for over 54% of the market, are designed to be easily collapsible for convenient storage and transportation. On the other hand, unfoldable powered wheelchairs are typically more robust and offer greater stability, but they are less portable due to their non-collapsible design. The market for these products is dominated by a handful of key players, including Permobil Corp, Pride Mobility, Invacare Corp, Sunrise Medical, and Ottobock, which collectively account for about 67% of the market. Europe is the largest market for powered wheelchairs, accounting for over 20% of the global market.
Hospital, Home, Others in the Global Powered Wheelchairs Market:
The Global Powered Wheelchairs Market serves a variety of end-use sectors, including hospitals, homes, and others. In hospitals, powered wheelchairs are often used to transport patients who are unable to walk or have limited mobility. At home, these products are used by individuals with physical disabilities to enhance their mobility and independence. Other applications of powered wheelchairs include rehabilitation centers, nursing homes, and other healthcare facilities. According to market data, about 8% of powered wheelchairs are used in hospitals, 86% are used at home, and the remaining 6% are used in other settings.
Global Powered Wheelchairs Market Outlook:
In summary, the Global Powered Wheelchairs Market is a growing sector that offers a range of products designed to enhance mobility for individuals with physical disabilities. The market is dominated by a few key players and is projected to grow at a CAGR of 4.5% from 2023 to 2029. The most common product is the foldable powered wheelchair, and the majority of these products are used at home.
| Report Metric | Details |
| Report Name | Powered Wheelchairs Market |
| Accounted market size in 2023 | US$ 1557.5 million |
| Forecasted market size in 2029 | US$ 2028.3 million |
| CAGR | 4.5 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | Permobil Corp, Pride Mobility, Invacare Corp, Sunrise Medical, Ottobock, Hoveround Corp, Merits Health Products, Drive Medical, Hubang, N.V. Vermeiren, Nissin Medical, EZ Lite Cruiser, Heartway, Golden Technologies, Karman |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
