Global Elderly Wheelchair Market by Type (Standard wheelchair, Commode wheelchair, Powered wheelchair (Front Wheel Drive, Mid Wheel Drive & Rear Wheel Drive)), End-Use (Hospitals, Ambulatory Surgical Centers, Rehabilitation Centers and Homecare), and Distribution Channel (Offline and Online), and by Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022-2030

Industry Perspective

Elderly Wheelchair Market size was worth around USD 7.47 billion in 2021 and is predicted to grow around USD 15.89 billion by 2030 with a compound annual growth rate of roughly 9.8% between 2022 and 2030. The report analyzes the drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global market.

Market: Overview

A wheelchair is a medical equipment to give movement to individuals with limited or no independent ambulatory abilities. Wheelchairs are propelled manually or by automatic mechanisms and help people become more mobile and independent. Physical impairments among adults are rising due to sedentary lifestyle and consumption of impure or junk foods.

The growing cases of disability of the aging population and the development of chronic diseases are major factors driving the market forward. Therefore, hospitals and healthcare facilities utilize electric wheelchairs to benefit patients and healthcare personnel. In addition, electronic wheelchairs are utilized in homecare settings to safely and comfortably transfer patients from one location to another.

As a result, the demand for electric wheelchairs is anticipated to rise in hospitals and nursing homes for the elderly due to the extraordinary increase in the old population.

Powered wheelchairs also have seen a radical transformation since the last few years. The advancement of micro processing capabilities permits the incorporation of a vast array of functions into powered mobility devices. The modification of the placement of the driving wheels is one of the most significant innovations. In mobility technology, one set of wheels receives power while multiple sets of wheels provide stability which provides better consumer experience.

Moreover, the rise in accident rates is a major development driver for the electric wheelchair industry. Due to the fact that accidents might create temporary or permanent disability, this is the case. It is difficult for caretakers to transport patients to the restroom. According to the World Health Organization, 50 million people worldwide are injured in traffic accidents. Electrical wheelchairs facilitate the transport of patients in a safe and comfortable manner.

Key Insights

• As per the analysis shared by our analyst team, the global elderly wheelchair market is estimated to grow annually at a CAGR of around 9.8% over the forecast period (2022-2030).
• In terms of revenue, the global elderly wheelchair market size was valued at around USD 7.47 billion in 2021 and is projected to reach USD 15.89 billion, by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• Based on type segmentation, the standard wheelchair was predicted to show maximum market share in the year 2021.
• Based on end-use segmentation, the rehabilitation centers segment was the leading revenue-generating type in 2021.
• Based on distribution channel segmentation, the offline was projected to show largest share in the year 2021.
• On the basis of region, North America was the leading revenue generator in 2021 

Rising Government Support to Provide Wheelchair Augmenting the Market Growth

Numerous government efforts to provide individuals with locomotor disabilities with a wheelchair. According to a recent trend observed by the authorities, wheelchairs are either provided by the corporation or, in many cases, money is given to individuals so they can purchase the chairs of their choosing.

The administration of India ministries for social and economic justice, as well as development, promotes the independence of disabled individuals of all types, including those with auditory, visual, speaking, and motor impairments. Also, helping with psychological handicaps, by providing access to the appropriate therapeutic services equipment and services. As a result of the considerable changes in impairment, the demand for wheelchairs in India is advancing naturally within the business.

Increasing Geriatric Population Among the Globe Propeling the Market Growth

The rising prevalence of motor disabilities owing to trauma, congenital disorders, and injuries is another major factor driving the global demand for intelligent wheelchairs. Increasing life expectancy as a result of improved access to healthcare has led to a rise in the elderly population. Mobility difficulties are more prevalent among the elderly population. This is also due to the increasing demand for motorized wheelchairs, particularly in industrialized nations.

• For instance, in October 2022, according to the World Health Organization (WHO), the proportion will get double from 12% to 22% for world's population between 2015 and 2050.

Concerns Pertaining to High Costs of Powered Wheelchair Impeding the Market Growth

The market's revenue growth is constrained by the high costs of wheelchair production and maintenance. In some regions, electric wheelchairs have restricted mobility. Nevertheless, manual wheelchairs are more mobile than their predecessors. In addition, it has unique weight restrictions that have an effect on market expansion.
Low purchasing power, customer knowledge, and supporting infrastructure limit market growth. Low-income countries also have inadequate healthcare. Inaccessibility to quality healthcare facilities and supply chains may hinder the procurement of these devices, affecting market growth.

Technological Advancements in Designs of Wheelchairs Poses an Opportunity for the Market Growth

Changing technology advances in wheelchair designs are a crucial trend that is anticipated to influence future market sales. The introduction of battery-powered electric wheelchairs is anticipated to aid users to a greater extent. Moreover, with the advancement in design, wheelchairs are now able to store and connect the device to the patient's medical history, as well as monitor the health of the users. Invacare Corporation released the AVIVA FX Power Wheelchair in March of 2020 with a combination of modern comfort-enhancing technology and can be used both indoors and outdoors.

Recent Development

July 2022- Sunrise Medical has launched QUICKIE ACCESS, a knee-pivot manual wheelchair with tilt and recline for easy foot propulsion. The ACCESS solves several sitting problems while allowing clients to push themselves with their hands or feet.

March 2022- The Inclusive and Adaptive Sports Program at the City University of New York (CUNY) has established its first-ever relationship with Numotion. The National Wheelchair Basketball Association (NWBA) Intercollegiate Wheelchair Basketball National Championships held at the University of Texas at Arlington.

December 2021- KARMA Medical worked jointly with the Ningxia Disabled Persons' Federation in China to supply 100 standing wheelchairs for disabled individuals.

November 2021- Meyra introduced high-grade power wheelchair iCHAIR MEYLIFE with advanced features along with different colors. 

Regional Landscape

North America is Dominating the Market Share Due to Presence of Major Players

North America is dominating the market share of global elderly wheelchair market owing to the increased purchasing power and the presence of major players. increased access to quality healthcare, availability of a variety of products, and heightened patient awareness. Additionally, according to a recent research report, over 5 million people in the United States rely on wheelchairs for mobility, and the elderly are four times more likely to use wheelchairs than other patients. Also, about 2.8 million children under the age of 12 use wheelchairs today. 
 
Hence, these factors contribute to the demand for electric wheelchairs in North America and are anticipated to drive regional market statistics over the forecast period. In addition, the presence of a high number of market participants in the region will bolster market expansion throughout the forecast period. 

Competitive Landscape

The players contributing in the elderly wheelchair industry are Rehab Medical, Karma Medical Products Co., LTD., Kosmochem Pvt. Ltd., Vissco Healthcare Pvt. Ltd., Ottobock, Invacare Corporation, Yamaha Motor Co., Ltd., MEYRA Group, Numotion, GF Health Products, Inc., Medline, Sunrise Medical, amongst others.

The global elderly wheelchair market is segmented as follows:

By Type

• Standard wheelchair
• Commode wheelchair
• Powered wheelchair
• Front Wheel Drive
• Mid Wheel Drive 
• Rear Wheel Drive

By End-Use

• Hospitals
• Ambulatory Surgical Centers
• Rehabilitation Centers
• Homecare

By Distribution Channel

• Offline
• Online

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Southeast Asia
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America