Electric Wheel Chair Market - Forecast(2021 - 2026)
The Electric Wheel Chair Market is forecast to reach $4,262.1m by 2025, growing at a CAGR of 12.2% during the forecast period 2019-2025. The growth of the Electric Wheel Chair Market can be attributed to increasing applications of Electric Wheel Chairs in homes, hospitals, rehab centers, sports and athletics, and others. The Electric Wheel Chair market is anticipated to rise with the adoption of new technologies such as AI in the manufacture of self-driving electric wheelchairs for airport passengers, sports, and other applications.
Electric Wheel Chair Market Report Coverage
The report: “Electric Wheel Chair Market – Forecast (2019-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Electric Wheel Chair Market.
By Type: Centre Wheel Drive Electric Wheel Chair, Front Wheel Drive Electric Wheel Chair, Standing Electric Wheel Chair, Rear Wheel Drive Electric Wheel Chair, Others.
By End User: Hospitals, Rehab Centers, Home, Sports and Athletics, Others.
By Geography: North America, South America, Europe, Asia-Pacific (APAC), Rest of World (RoW).
Key Takeaways:
- The Electric Wheel Chair Market is a consolidated market with top 5 players accounting a market share of 65.16% in 2018.
- Center Wheel Drive Electric Wheel Chair is the fastest-growing type and has a major share in the market owing to high adoption of these chairs in homes by disabled and old age people.
- Geographically, North America holds a major share owing to an increase in the advanced medical care facilities and healthcare expenditure
- Adoption of electric wheelchairs by patients suffering from spinal cord injury, physical disability people, and elderly population is set to drive the electric wheelchairs market.
Electric Wheel Chair Market Segment Analysis - By Type
The electric wheelchair market is gaining prominence owing to high adoption of central wheel drive electric wheelchairs in homes, hospitals, and rehab centers. Centre Wheel Drive Electric Wheel Chair held a major share of 37% in 2018 of the global Electric Wheel Chair market and is expected to grow with a CAGR of 13.7% during 2019-2025.
These electric wheelchairs position their wheel drive directly below the user’s center of gravity and have small turning circumference, providing better movement in indoor areas. Additionally, it offers six wheels that facilitate stability on uneven surfaces such as slopes, rugged terrains, and others. Movement of electric wheelchairs in small doorways and narrow spaces is much easier with a center wheel drive electric wheel chair. In 2016, Whill, an electric wheelchair startup, launched an electric wheelchair called Model M that deploys central wheel drive which would facilitate efficient movement over any terrain.
Electric Wheel Chair Market Segment Analysis - By End User
The Electric Wheel Chair in home application held a major share with 49% and is poised to grow at a CAGR 13.51% during the 2019-2025. The adoption of electric wheel chairs in home applications is increasing due to high usage by disable people and elderly population. According to World Bank statistics, the global population aged 65 years and above has increased from 609.17 million in 2015 to 678.69 million in 2018. According to University of New Hampshire Institute on Disability/UCED, the percentage of people with permanent disabilities has increased from 13.1% to 13.7% during 2015-2018 period. Growing elderly population and people with disabilities are set to increase the adoption of electric wheel wheelchairs, as these chairs are suitable to drive on an inclined plane, soft terrains, grass, or uneven gravel with less requirement of human effort when compared to manual wheel chairs.
Electric Wheel Chair Market Segment Analysis - By Geography
North America holds major (32%) share in Electric Wheel Chair Market and the usage of Electric wheel chairs has been increasing in hospitals and homes owing to a rise in advanced healthcare facilities. According to World Bank statistics, the North America elderly population of age 65 has increased from 54.54 million in 2016 to 58.12 million in 2018.
As per a survey conducted by Centers for Disease control and prevention in U.S., it was found that in 2018, about 61 million adults (26%) of United States live with some kind of disability, out of which 13.7% have serious mobility issues and 10.8% have serious neural and spinal cord issues. As per Canadian Survey on Disability, 2017, one out of five Canadian (which accounts for about 6.2 million) aged between 15-17 years suffer with one or more disabilities, out of which about 13% have severe mobility disorder. Advanced healthcare facilities and high adoption of electric wheel chairs by disabled and aged people in U.S., Canada and Mexico is set to drive the demand for electric wheel chair in the North American region.
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