The Electric Wheelchair Market is Predict to reach $6.8 Billion by 2030, at a CAGR of 8.7%

Electric Wheelchair Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Electric Wheelchair Market size is expected to reach $6.8 billion by 2030, rising at a market growth of 8.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,682.5 thousand units, experiencing a growth of 8.8% (2019-2022).

The Home Care Settings segment is registering the maximum revenue in the Global Electric Wheelchair Market, By Application in 2022; thereby, achieving a market value of $4.0 billion by 2030. The trend toward home-based healthcare services has increased, driven by factors such as the desire for personalized care, cost-effectiveness, and the preference of individuals to receive care in the comfort of their homes. Electric wheelchairs play a crucial role in facilitating mobility within home environments. Therefore, the segment will witness increased growth in the coming years.

The Standing segment would witness a CAGR of 9.5% during (2023 - 2030). Standing wheelchairs allow users to transition to a standing position, promoting better circulation, respiratory function, and bone density. The health benefits of standing, such as reduced risk of pressure sores and improved digestion, have contributed to the growing popularity of standing electric wheelchairs. Standing wheelchairs empower users by providing a greater range of functional mobility.

The North America region is generating the maximum revenue in the Global Electric Wheelchair Market, By Region in 2022; thereby, achieving a market value of $2.4 billion by 2030. The Europe region is anticipated to grow at a CAGR of 8.3% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 9.4% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/electric-wheelchair-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Invacare Corporation, Sunrise Medical, Inc., Karman Healthcare, Inc., Dane Technologies, Pride Mobility Products Corporation, Drive DeVilbiss Healthcare (Medical Depot, Inc.), Ottobock SE & Co. KGaA, GF Health Products, Inc., Golden Technologies, and Meyra Group GmbH.

Global Electric Wheelchair Market Segmentation

By Application (Volume, Thousand Units, USD Billion, 2019 to 2030)

• Home Care Settings
• Hospitals & Clinics

By Product Type (Volume, Thousand Units, USD Billion, 2019 to 2030)

• Center Wheel Drive
• Front Wheel Drive
• Standing
• Rear Wheel Drive
• Others

By Geography (Volume, Thousand Units, USD Billion, 2019 to 2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Invacare Corporation
• Sunrise Medical, Inc.
• Karman Healthcare, Inc.
• Dane Technologies
• Pride Mobility Products Corporation
• Drive DeVilbiss Healthcare (Medical Depot, Inc.)
• Ottobock SE & Co. KGaA
• GF Health Products, Inc.
• Golden Technologies
• Meyra Group GmbH

Related Reports:

North America Electric Wheelchair Market Size, Share by 2030

• December-2023
• 104 Pages

LAMEA Electric Wheelchair Market Size, Share & Forecast, 2030

• December-2023
• 118 Pages

Europe Electric Wheelchair Market Size, Share & Growth 2030

• December-2023
• 117 Pages

Asia Pacific Electric Wheelchair Market Size & Analysis, 2030

• December-2023
• 118 Pages