Wheelchair Market Size, Share, Industry Trends and Forecast to 2030

1. What is the Market Size & CAGR of Wheelchair market in 2021?

The global wheelchair market size in 2021 was valued at USD 3.5 billion, with a Compound Annual Growth Rate (CAGR) of 5.2%. The increasing prevalence of disabilities and a growing elderly population worldwide are key factors driving the growth of the wheelchair market.

2. COVID-19 Impact on the Wheelchair Market

The COVID-19 pandemic had a significant impact on the wheelchair market, leading to disruptions in the global supply chain and manufacturing processes. However, there was a surge in demand for wheelchairs as hospitals and healthcare facilities needed to accommodate COVID-19 patients with mobility challenges.

3. Wheelchair Dynamics

Wheelchairs are assistive devices designed to help individuals with mobility impairments move around independently. They come in various types such as manual, electric, and specialized wheelchairs for specific needs like sports or pediatric use.

4. Segments and Related Analysis

The wheelchair market can be segmented based on type, end-user, and region. Type segments include manual wheelchairs, electric wheelchairs, and others. End-user segments consist of hospitals, home care settings, and others.

5. By Region Analysis

The wheelchair market is analyzed regionally in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominated the market in 2021, attributed to better healthcare infrastructure and higher awareness about mobility devices.

6. Key Market Players and Competitive Landscape

Key players in the wheelchair market include Invacare Corporation, Pride Mobility Products Corp, Sunrise Medical, Ottobock, and Drive Medical. These companies focus on product innovation, strategic partnerships, and acquisitions to maintain their market position.

7. Recent Happenings in the Wheelchair Market

In recent times, there have been advancements in wheelchair technology, such as the development of smart wheelchairs with IoT capabilities for remote monitoring and navigation assistance. Additionally, there is a growing trend towards lightweight and foldable wheelchairs for improved portability.