Wheelchair Market

Market Overview

The global wheelchair market size was valued at USD 3,339.9 Million in 2022. It is projected to reach USD 5,562.7 Million by 2031, growing at a CAGR of 5.8% during the forecast period (2023–2031).

Highlights

• Manual Wheelchairsdominates the By Product segment
• Adult Wheelchairs dominates the Category segment
• Homecare Monitoring dominate the Application segment
• North America is the highest shareholder in the global market

A wheelchair is a kind of medical equipment used to help individuals move around who have little or no independence while walking, such as those with physical disabilities or limited mobility due to age or illness. Wheelchairs let individuals become more autonomous and mobile through propulsion, either manually or automatically. It comprises of a wheeled seat that provides more mobility and independence than would be possible without it. Wheelchairs may be propelled in a number of ways, from being pushed by the user or a caregiver to being driven by a battery and motor. The enhanced mobility and access to the environment that these gadgets provide is vital in enhancing the quality of life for persons with impairments.

The global wheelchair market is witnessing significant growth owing to several driving factors. Firstly, the rise in the aging population and an increasing prevalence of disabilities are propelling the demand for wheelchairs worldwide. With a larger portion of the population requiring mobility assistance, the wheelchair market is set to expand.

Moreover, the expansion of healthcare infrastructure and favorable reimbursement policies are contributing to the widespread adoption of wheelchairs. These supportive measures facilitate access to wheelchair solutions for a broader range of users, further driving market growth.

However, the market faces certain challenges that act as restraints. The high costs associated with advanced wheelchair models pose a barrier for many individuals with limited affordability, limiting their access to modern wheelchair technologies. Additionally, there remains a social stigma and lack of awareness around wheelchair usage, particularly in some regions, hindering the overall adoption of wheelchairs.

Despite these challenges, the market presents numerous opportunities. The integration of Internet of Things (IoT) and smart technologies in wheelchair designs is a promising avenue. These innovations can provide enhanced features and customization options, catering to individual needs and preferences. By offering increased convenience, safety, and comfort, smart wheelchair technologies are likely to open new opportunities and drive further growth in the global wheelchair market.

Market Dynamics

Global Wheelchair Market Drivers

Increasing number of elderly individuals and a higher occurrence of disabilities

The global wheelchair market is experiencing significant growth due to two major drivers: the increasing number of elderly individuals and the higher occurrence of disabilities in the global population. These demographic shifts have led to a surge in demand for mobility aids like wheelchairs, driving the market's expansion.

Aging Population

The world's population is undergoing a demographic transition, with a significant increase in the proportion of elderly individuals. Advancements in healthcare and improved living conditions have increased life expectancy in many countries. 

The elderly population seeks mobility solutions that offer independence and improved quality of life, driving the demand for wheelchairs. As per the United Nations, the number of people aged 60 years or older is projected to reach 2.1 billion by 2050, a significant increase from 962 million in 2017. This growing elderly population will increase the demand for wheelchairs and other assistive devices. For example, in countries like Japan and Germany, where the elderly population forms a substantial segment of society, there is a growing demand for wheelchairs to cater to senior citizens' limited mobility needs.

Higher Occurrence of Disabilities

Apart from the aging population, there has been an alarming rise in the occurrence of disabilities worldwide. Chronic health conditions, road accidents, and other incidents contribute to an increased number of people with physical impairments who require assistive devices such as wheelchairs. The prevalence of conditions like cerebral palsy, multiple sclerosis, and spinal cord injuries also contributes to the rising demand for wheelchairs. The World Health Organization (WHO) estimates that over one billion people, or about 15% of the global population, live with some form of disability. 

Conditions such as mobility impairments, spinal cord injuries, and musculoskeletal disorders contribute to the increasing demand for wheelchairs. According to the Global Stroke Factsheet 2022, the lifetime risk of a stroke has grown by 50% in the previous 17 years, and one in every four persons is now expected to have a stroke in their lifetime. Annually, there are more than 12.2 million new strokes. In developing countries with poor infrastructure and limited safety measures, the occurrence of disabilities resulting from accidents or lack of access to quality healthcare has become more prevalent. 

Expanding healthcare infrastructure and reimbursement policies supporting wheelchair adoption

The global wheelchair market has experienced significant growth over the past decade, owing to the rising prevalence of mobility impairments, aging populations, and increased focus on improving accessibility and inclusivity. One of the primary factors driving this growth is the expanding healthcare infrastructure and the implementation of supportive reimbursement policies worldwide.

Expanding Healthcare Infrastructure

Governments and healthcare institutions in many countries recognize the importance of providing comprehensive support to individuals with mobility challenges. They have been making substantial investments in infrastructure to improve accessibility and facilitate the use of wheelchairs. In a Southeast Asian country, the government launched an ambitious project to make public transportation, public buildings, and tourist attractions wheelchair-accessible. They worked closely with architectural experts to retrofit existing infrastructure and incorporate accessibility features in new constructions. As a result, wheelchair users experienced improved mobility and participation in various activities, leading to increased demand for wheelchairs and related accessories.

Global Wheelchair Market Restraint

High Costs linked to advanced wheelchair models create a barrier for certain users due to limited affordability.

The global wheelchair market faces a significant restraint in the form of high costs associated with advanced wheelchair models, which poses a barrier for certain users due to limited affordability. Wheelchairs with cutting-edge features and designs have become available to meet the needs of a wide range of patients, but the high cost of these devices has made them out of reach for many who could benefit from them.

The incorporation of cutting-edge materials, advanced electronics, customizable options, and ergonomic designs have resulted in wheelchair models that offer enhanced comfort, maneuverability, and functionality. These advanced features can greatly improve the quality of life and independence of wheelchair users. However, the research, development, and manufacturing processes in creating these state-of-the-art models significantly contribute to their high costs. As a result, individuals with limited financial resources, especially in low and middle-income countries or those without comprehensive insurance coverage, face challenges acquiring these advanced wheelchairs. 

Social stigma and lack of awareness

The global wheelchair market has been experiencing steady growth due to technological advancements, an aging population, and an increasing number of individuals with mobility impairments. However, the market faces a significant challenge in the form of social stigma and lack of awareness, which hinders the widespread adoption of wheelchairs. This restraint impacts potential users, caregivers, manufacturers, and healthcare providers.
Social stigma is a deeply ingrained negative perception and discrimination against people with disabilities. This stigma often associates mobility aids like wheelchairs with a loss of independence and self-reliance. Consequently, many individuals with mobility impairments may avoid using wheelchairs, even when they could benefit significantly. They might feel embarrassed, ashamed, or fear being judged, leading to a reluctance to use wheelchairs in public spaces or social gatherings.

Global Wheelchair Market Opportunities

Integration of IoT and smart technologies to provide enhanced features and customization options.

The integration of the Internet of Things (IoT) and smart technologies presents a transformative opportunity for the global wheelchair market. IoT is the interconnection of physical devices and objects through the internet, enabling data exchange and communication. This technology can revolutionize the wheelchair industry by offering users improved features and customization options, enhancing their mobility and quality of life overall.

One of the significant benefits of IoT integration in wheelchairs is real-time tracking and remote monitoring. By equipping wheelchairs with sensors and connectivity capabilities, caregivers, medical professionals, and family members can monitor the user's location and health status in real time. For instance, if a wheelchair user encounters difficulties or faces a medical emergency, the IoT-enabled wheelchair can instantly alert designated individuals, ensuring immediate assistance.

Regional Analysis

North America

The wheelchair market in North America holds a dominant position in the global market. A rise in the number of persons with mobility impairment diseases and an increase in the senior population are the key factors projected to boost demand for wheelchairs in this area. The wheelchair market in North America is well-established and reasonably mature. Innovative and cutting-edge wheelchair models are more likely to be adopted in the United States and Canada due to their high healthcare spending and superior medical technology. The industry is also being pushed for several reasons, including an aging population, an increase in the incidence of impairments, and increased awareness of accessible rights. 

Technological advancements in product design, construction, and usage, as well as the availability of health insurance coverage, will almost certainly raise demand for wheelchairs in North America over the forecast period. In North America.

Europe

The European market is driven by an aging population and a rise in conditions needing mobility assistance, such as spinal cord injuries. The European wheelchair industry is still in its early phases, but with increased consumer awareness and supporting government legislation, demand for wheelchairs will likely expand. European Union countries often have well-developed healthcare systems and social services that assist persons with impairments. The market is distinguished by the widespread use of innovative wheelchair technology, such as electric and motorized ones.

Asia-Pacific

The Asia-Pacific region is anticipated to be one of the most alluring markets for wheelchairs because of rising per capita income levels and healthcare awareness in nations like China, India, Indonesia, and Malaysia. In Asia-Pacific nations, rising demand for smart wheelchairs among disabled users with mechanical, perceptual, or cognitive loss may be considered a potential opportunity. In addition, a rise in traffic accidents, an increase in persons with physical anomalies, and an increase in consumer buying power in Asia-Pacific nations are some factors driving market expansion in this area. The number of elderly and physically handicapped people in the Asia-Pacific region is growing, increasing wheelchair demand.

Manual wheelchairs are Asia-Pacific's most widely used type because they are inexpensive, easy to rent, and require little upkeep. The region benefits from a large population base in countries like India and China, as well as from improvements in healthcare infrastructure and increased government initiatives to supply improved mobility equipment.

Middle East and Africa

In comparison to other locations, the Middle East and Africa wheelchair market is rather modest. Factors influencing market growth include restricted access to healthcare, economic restrictions, and diverse cultural views toward disability. However, there is a rising emphasis on boosting accessibility and social inclusion, which may have a long-term beneficial influence on the market.

Latin America

The Latin American wheelchair market is expanding, although certain locations may confront cost and accessibility issues. Brazil, Mexico, and Argentina have bigger markets due to their larger populations, more healthcare awareness, and government attempts to promote accessibility for individuals with disabilities.

Segmental Analysis

By Product Type

Manual Wheelchair

Manual wheelchairs are the most common and traditional type of wheelchair. These wheelchairs must be manually propelled by the user or a caregiver using hand rims or push handles. They are lightweight, inexpensive, and appropriate for people with adequate upper body strength and mobility.

Power-assisted Manual wheelchair

Power-assisted wheelchairs are motorized and use batteries and electric motors to propel themselves. They can also be driven manually, they can be controlled by joysticks or other assistive technologies, allowing people with limited mobility to move around independently. Power-assisted wheelchairs are gaining popularity, especially among those with severe mobility impairments, due to their convenience and ease of use.

By Category

Adult Wheelchairs

Adult wheelchairs are intended to meet the needs of the elderly and physically challenged adults. These wheelchairs are available in various sizes, configurations, and features to accommodate a wide range of body types and mobility needs.

Pediatric Wheelchair

Pediatric wheelchairs are designed specifically for children with mobility issues. They are smaller, lightweight, and frequently come in bright colors to appeal to children. Pediatric wheelchairs provide young users with the necessary support and mobility during their growing years.

By Applications

Homecare

The term "homecare" refers to wheelchairs that are primarily used in residential settings. The need for homecare wheelchairs has grown as a result of an aging population and an ongoing trend of aging. Individuals with limited mobility in their homes can use these wheelchairs to gain mobility and independence.

Hospitals

Wheelchairs are widely used for patient transportation within hospitals, particularly for those recovering from surgeries or with mobility limitations. Hospital-grade wheelchairs frequently include features such as height-adjustable footrests and anti-microbial coatings to help prevent infection.

Ambulatory Surgical Centers

Specialized wheelchairs are required for patient transport at ambulatory surgical centers before and after medical procedures. These wheelchairs are designed for easy maneuverability and quick patient transfer within the confines of the surgical center.

Rehabilitation Centers

Wheelchairs play an important role in rehabilitation centers, assisting patients recovering from injuries, surgeries, or other physical impairments. Rehab wheelchairs are intended to provide additional support and comfort during recovery.

Recent Developments

• 23rd September 2022 - Quantum Rehab has entered into a Partnership with Team Gleason Foundation which includes a commitment that no person living with Amyotrophic Lateral Sclerosis (ALS) goes without power seat elevation such as iLevel.Power seat elevation systems improve daily functionality and quality of life by allowing operation of the power chair with the seat fully elevated.