Market Overview:
The global motorized wheelchair market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of disabilities, rising geriatric population, and technological advancements in motorized wheelchairs. By type, the foldable wheelchair segment is expected to dominate the global market during the forecast period owing to its compact size and easy maneuverability. By application, hospitals are expected to account for a major share of the global motorized wheelchair market during the forecast period as they offer various benefits such as improved patient care and reduced treatment costs. Geographically, North America is estimated to account for a major share of the global motorized wheelchair market in 2018 followed by Europe and Asia Pacific.
Product Definition:
A motorized wheelchair is a powered wheelchair which uses an electric motor to move the chair. This type of wheelchair is often used by people with mobility impairments.
Foldable Wheelchair:
Foldable wheelchairs are also known as portable wheelchairs or manual chairs. They are mainly designed for indoor use and do not have any provision for outdoor usage. These wheelchairs can be easily carried from one place to another by the users themselves or can be pushed by other people.
Unfoldable Wheelchair:
Unfoldable wheelchairs are motorized wheelchairs that can be converted from a chair to a bed, and back again. They have wheels at the bottom and the back of the wheelchair, which makes it easier for patients to move around. The patient is in control of how much assistance he/she requires while moving around. Some models also include an adjustable height feature so that patients can make themselves comfortable while using it.
Application Insights:
The other application segment includes commercial usage such as hospitals, homecare and others. The hospital segment dominated the global market in 2017 owing to increasing demand for wheelchairs from countries such as India, China and Thailand. In these countries, motorized wheelchairs are preferred over manual wheelchairs due to the higher incidence of paralysis caused by spinal cord injuries or diseases.
In addition, rising awareness about accessibility is also expected to boost product demand in this segment over the forecast period. For instance, according to a survey conducted by National Health Statistics Report (NHSR), it was found that around 1 in 5 people aged 65 years or above were suffering from mobility problems due to disability which required assistance for daily activities in 2015-2016.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of manufacturers and suppliers coupled with high demand for mobility scooters, which are increasingly being used as motorized wheelchairs, is expected to drive the regional market over the forecast period. In addition, growing awareness about accessible vehicles and favorable government initiatives are anticipated to propel product demand in this region.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing geriatric population that requires assistance with activities of daily living such as dressing and grooming along with rising incidences of chronic diseases such as cardiovascular disorders, cancer, diabetes among others requiring continuous medical attention at home. This scenario is further anticipated to drive demand for motorized wheelchairs in Asia Pacific region thereby contributing towards regional revenue generation during the forecast years from 2018 to 2030 (estimated CAGR 8% during same).
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for motorized wheelchairs, as they are more suitable for elderly people than manual wheelchairs.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as arthritis, multiple sclerosis (MS), cerebral palsy, and spinal cord injuries is increasing globally, which is leading to an increase in demand for motorized wheelchairs.
- Technological advancements: Motorized wheelchair manufacturers are constantly innovating their products with new features such as wireless controls, automatic braking systems, and obstacle avoidance sensors to make them more user-friendly and safe. This is resulting in an increased adoption of motorized wheelchairs among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Motorized Wheelchair Market Research Report
By Type
Foldable Wheelchair, Unfoldable Wheelchair
By Application
Hospital, Home, Other
By Companies
Permobil Corp, Pride Mobility, Invacare Corp, Sunrise Medical, Ottobock, Hoveround Corp, Merits Health Products, Drive Medical, N.V. Vermeiren, EZ Lite Cruiser, Heartway, Golden Technologies, Karman
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Motorized Wheelchair Market Report Segments:
The global Motorized Wheelchair market is segmented on the basis of:
Types
Foldable Wheelchair, Unfoldable Wheelchair
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Home, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Permobil Corp
- Pride Mobility
- Invacare Corp
- Sunrise Medical
- Ottobock
- Hoveround Corp
- Merits Health Products
- Drive Medical
- N.V. Vermeiren
- EZ Lite Cruiser
- Heartway
- Golden Technologies
- Karman
Highlights of The Motorized Wheelchair Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Foldable Wheelchair
- Unfoldable Wheelchair
- By Application:
- Hospital
- Home
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Motorized Wheelchair Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A motorized wheelchair is a powered wheelchair that uses an electric motor to provide assistance.
Some of the major companies in the motorized wheelchair market are Permobil Corp, Pride Mobility, Invacare Corp, Sunrise Medical, Ottobock, Hoveround Corp, Merits Health Products, Drive Medical, N.V. Vermeiren, EZ Lite Cruiser, Heartway, Golden Technologies, Karman.
The motorized wheelchair market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Motorized Wheelchair Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Motorized Wheelchair Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Motorized Wheelchair Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Motorized Wheelchair Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Motorized Wheelchair Market Size & Forecast, 2020-2028
4.5.1 Motorized Wheelchair Market Size and Y-o-Y Growth
4.5.2 Motorized Wheelchair Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Foldable Wheelchair
5.2.2 Unfoldable Wheelchair
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Home
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Motorized Wheelchair Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Motorized Wheelchair Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Foldable Wheelchair
9.6.2 Unfoldable Wheelchair
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Home
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Foldable Wheelchair
10.6.2 Unfoldable Wheelchair
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Home
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Foldable Wheelchair
11.6.2 Unfoldable Wheelchair
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Home
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Foldable Wheelchair
12.6.2 Unfoldable Wheelchair
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Home
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Foldable Wheelchair
13.6.2 Unfoldable Wheelchair
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Home
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Motorized Wheelchair Market: Competitive Dashboard
14.2 Global Motorized Wheelchair Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Permobil Corp
14.3.2 Pride Mobility
14.3.3 Invacare Corp
14.3.4 Sunrise Medical
14.3.5 Ottobock
14.3.6 Hoveround Corp
14.3.7 Merits Health Products
14.3.8 Drive Medical
14.3.9 N.V. Vermeiren
14.3.10 EZ Lite Cruiser
14.3.11 Heartway
14.3.12 Golden Technologies
14.3.13 Karman
