Electric Wheelchairs Market by Product and Geography - Forecast and Analysis 2021-2025

The electric wheelchairs market share is expected to increase by USD 1.42 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 10.79%.

This electric wheelchairs market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric wheelchairs market segmentation by product (dry-battery electric wheelchairs and wet-battery electric wheelchairs) and geography (North America, Europe, Asia, and ROW). The electric wheelchairs market report also offers information on several market vendors, including CE Mobility, ComfyGO Inc., Drive DeVilbiss Healthcare, EZ Lite Cruiser, Invacare Corp., MEYRA GmbH, Permobil AB, Pride Mobility Products Corp., Roma Medical, and Sunrise Medical LLC among others.

What will the Electric Wheelchairs Market Size be During the Forecast Period?

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Electric Wheelchairs Market: Key Drivers and Challenges

The increasing number of orthopedic and neurologic disorders is notably driving the electric wheelchairs market growth, although factors such as the high cost of electric wheelchairs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric wheelchairs industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric Wheelchairs Market Driver

The increasing number of orthopedic and neurologic disorders is one of the key factors driving the global electric wheelchairs market growth. A significant increase in the number of orthopedic conditions and neurological conditions among patients across the globe will lead to an increase in the demand for electric wheelchairs. The mobility devices such as electric wheelchairs help patients in orthopedic conditions such as rheumatoid arthritis, knee problems, and during the recovery period after orthopedic surgeries to move from one place to another without any assistance from others. Other factors such as medical emergencies, long-term and short-term disabilities, and the rising number of surgical operations are expected to give rise to the demand for electric wheelchairs, which will positively impact the global electric wheelchairs market during the forecast period.

Key Electric Wheelchairs Market Challenge

One of the major challenges to the global electric wheelchairs market growth is the high cost of electric wheelchairs. With the addition of new features and technological advances the total cost of manufacturing increases, which may impede the adoption of wheelchairs and the growth of the market. The high cost of electric wheelchairs will make optimum market penetration difficult for the key vendors as price-sensitive consumers will opt for other mobility aids such as manual wheelchairs, medical walkers, and rollators. Moreover, in many countries, the government does not provide any subsidy to the consumers for these products, which may hinder the adoption of electric wheelchairs, thereby negatively impacting the growth of the market in focus during the forecast period.

This electric wheelchairs market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Electric Wheelchairs Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• CE Mobility
• ComfyGO Inc.
• Drive DeVilbiss Healthcare
• EZ Lite Cruiser
• Invacare Corp.
• MEYRA GmbH
• Permobil AB
• Pride Mobility Products Corp.
• Roma Medical
• Sunrise Medical LLC

 

This statistical study of the electric wheelchairs market encompasses successful business strategies deployed by the key vendors. The electric wheelchairs market is fragmented and the vendors are acquiring small brands and technological innovation to gain optimum market penetration and to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric wheelchairs market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Electric Wheelchairs Market?

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46% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for electric wheelchairs in North America. Market growth in this region will be faster than the growth of the market in Europe, Asia, and ROW.

The significant increase in demand for electric wheelchairs owing to the rise in the aging population and the high incidence of arthritis and brain stroke (that causes severe long-term disability) will facilitate the electric wheelchairs market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Electric Wheelchairs Market?

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The electric wheelchairs market share growth by the dry-battery electric wheelchairs segment will be significant during the forecast period. The growth is attributed to the high demand for dry-battery electric wheelchairs as they work without spilling due to the absence of free fluid. The demand for these wheelchairs is expected to rise further during the forecast period because these are convenient for air travel and comply with the rules and regulations of the Federal Aviation Administration (FAA) that allows only electric wheelchairs with a non-spillable or non-wet battery. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric wheelchairs market size and actionable market insights on post COVID-19 impact on each segment.

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Pediatric Wheelchairs market - The market share is expected to increase by USD 767.19 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.26%.

Robotic Wheelchairs market - The market size has the potential to grow by USD 240.36 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

Electric Wheelchairs Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 10.79%
Market growth 2021-2025	$ 1.42 billion
Market structure	Fragmented
YoY growth (%)	10.53
Regional analysis	North America, Europe, Asia, and ROW
Performing market contribution	North America at 46%
Key consumer countries	US, Germany, Canada, France, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	CE Mobility, ComfyGO Inc., Drive DeVilbiss Healthcare, EZ Lite Cruiser, Invacare Corp., MEYRA GmbH, Permobil AB, Pride Mobility Products Corp., Roma Medical, and Sunrise Medical LLC
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Electric Wheelchairs Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive electric wheelchairs market growth during the next five years
• Precise estimation of the electric wheelchairs market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the electric wheelchairs industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of electric wheelchairs market vendors

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