Electric Wheelchair Market Size, Share, Outlook, and Opportunity Analysis, 2021 – 2028

 

Electric Wheelchair

A wheelchair is used to help those who are unable to walk due to disease, accident, or disability. Manual wheelchairs and power or electric wheelchairs are the two types of wheelchairs available. A wheelchair is used for mobility by a disabled person or someone who is unable to walk due to an injury or illness. They are suitable for both outdoor and indoor use. Electric Wheelchairs that are customised for everyday usage or specialised to a certain field activity are also available. Wheelchairs reduce the user's issues or suffering, such as back pain, sores, digestion, and breathing. Those with upper body strength often use manual wheelchairs, whereas patients who are fatigued typically utilise electric wheelchairs.

According to Coherent Market Insights, The global Electric Wheelchair Market is estimated to be valued at US$ 6,387.3 Mn in 2021, and is expected to exhibit a CAGR of 10.7% over the forecast period (2021-2028).

Automated movement systems have been developed as a result of technology advancements, reducing caregiver interaction. The wheelchair seat can be readily adjusted by the patient, and the equipment is controlled by a remote control or automated controls built into the wheelchair. Furthermore, artificial intelligence-enabled wheelchairs have been introduced to the electric wheelchair business, allowing disabled persons to operate their wheelchairs using facial expressions such as raising their eyebrows and sticking out their tongues. As a result, the need for technical advancements in this equipment to increase comfort and safety is likely to provide profitable possibilities for companies, resulting in the growth of the electric wheelchair market.

The rise in the older population and the prevalence of chronic illnesses are both contributing to the rise in disability. Electrical wheelchairs are therefore used in hospitals and healthcare institutions to increase the wellbeing of patients and healthcare personnel. Electrical wheelchairs are also utilised in homecare settings to securely and comfortably move patients from one location to another. As a result of the extraordinary increase in the senior population, demand for electrical wheelchairs is predicted to rise in hospitals and aged care facilities.

According to figures given by the World Health Organization, the proportion of persons aged 65 and more in the world population will quadruple from 7% in 2000 to 16% in 2050. By that time, the number of senior persons in the population will outnumber youngsters (aged 0–14 years). As a result, the worldwide market for electric wheelchairs is expected to grow due to a growth in the older population.

Accidents are becoming more common, which is propelling the electric wheelchair industry forward. Accidents might result in temporary or permanent disability, which explains this. Carrying patients to the bathroom is difficult for carers. According to the World Health Organization, vehicle accidents injure 50 million people worldwide. Electrical wheelchairs assist patients in moving from one area to another in a safe and comfortable manner. As a result, the market for electrical wheelchairs is likely to develop in the near future as the incidence of accidents rises. However, in emerging nations, lack of access to excellent healthcare and infrastructure is hindering the growth of the Electric Wheelchair Market. The majority of bariatric and geriatric patients live in developing and impoverished countries.