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The global Electric Wheelchair Market Size is expected to attain a market size of $4.9 billion by 2022, growing at a CAGR of 19.6% during the forecast period.
An Electric Wheelchair also called as power wheelchair is one of the innovative technologies that operate through batteries and electric motors rather than manual power. Electric wheelchair is used preferably by the people who are not able to walk due to physical disability or illness. It is also used by the people suffering from any type of cardiovascular or fatigue based conditions. Electric wheelchair consists of three main wheels, Rear, Front, and mid wheel Drive. Seating & positioning, cushions & brackets like features are also contributing to the growth of the electric wheelchair market. The electric wheelchair has witness the prominent growth in the recent years.
Power wheelchairs are one of the technological inventions that are very beneficial for the persons with disabilities, as they do not need caretakers and could operate it by themselves. The technology is gaining lots of attention due to its easy to use features. Electric wheelchair is very convenient in use and its operations and rotations to any direction with simple controls led to the huge demand of the product. There are several wheelchairs with different controls available in the market, such as Conventional Joystick, Compact Joystick, Finger Control, Head Control, Touchpad Control, Sip and Puff Drive Control, Wafer Boards, and Switch Drive Control.
The unique control options have attracted lots of consumers, as they can select the product according to their comfort. The factors driving the growth of the electric wheelchair market are increase in ageing population and growth in the number of spinal deformities. Additionally, Increase in the number of road accidents and obese population has also contributed in the growth of the electric wheelchair market. However, high prices of the electric wheelchair and increasing awareness for healthcare in developing regions are restraining the growth of the electric wheelchair market. The Electric wheelchair market has been segmented on the basis of product type and region.
Based on Product type, the market is segmented into Centre Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchair, and Others (Sports Wheelchair, Pediatric Wheelchair, and High-Power Wheelchair). Based on Region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa (LAMEA). The key players operating in the electric wheelchair market are Invacare Corporation, Sunrise Medical, Karman Healthcare, Dane Technologies Inc., Pride Mobility Products Corp, Drive Medical Ltd., Otto Bock, and GF Healthcare Products, Inc.
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