Electric wheelchair market expected to Grow at 8.2% by 2031, Healthcare and medical devices is one of the fastest growing industries across the globe. New devices and equipment are constantly being developed in order to reduce the suffering of patients. One of the most important aspects in treatment of patient is their mobility. Patients having lower limbs disabilities find it highly difficult to mobilize themselves. Conventional wheelchair, also termed as manual wheelchair, has been the sole solution available since several years. However, using manual wheelchair becomes a burdensome task for an individual as it may result in fatigue. Aggregation of all such problems has led to development of self-propelled wheelchair or electric chair, over the period of time.

Electric wheelchair is defined as a self-propelled wheelchair driven using electric motor. These chairs are controlled using an applied control system designed for steering wheelchair. Apart from patients who are unable to mobilize themselves, electric wheelchairs can also be used by individuals having problems such as fatigue, pain impairment or cardio vascular disorders.Some variants of electric wheelchair are also available with enhanced control system for steering patients with hundred percent limb disability. Electric wheelchair also contributes in developing a sense of independence in patients having impairments and hence is increasingly being used across the world.

Electric wheelchair market is largely driven by the ever rising need for comfort as well as mobility of physically impaired people. These chairs act as boon for the patients having permanent limb disability where manual propulsion of wheel chair is not possible. This has significantly boosted the overall electric chair market over the past few years. Market players have emphasis on development of products capable of delivering more comfort and easy mobility to the patients. Subsequently, the overall electric wheelchair market is set to witness substantial growth during the forecast period.

Key players identified for the Electric Wheelchair Market include but are not limited to:

OttoBock Healthcare GmbH, Invacare Corp., Pride Mobility Products Corp., Permobil AB, Sunrise Medical Limited, Hoveround Corporation, LEVO AG,  Invacare Corp., MEYRA GmbH, Medical Depot, Inc., GF HEALTH PRODUCTS, INC And Other Notabal Palyers.

This report offers:

• An overview of the global markets for Electric wheelchair.
• Market trends assessment for the period 2013 - 2023, with historical information for 2013to 2015, and projections through 2023, with respective CAGR during 2016- 2023
• Qualitative assessment tools such as market drivers, challenges and future prospects in the market
• Market competition scrutiny tools such as market positioning analysis
• A general overview of the industry structure
• Company profiles highlighting key information about the major players operating in the market.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Electric Wheelchair market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Electric Wheelchair market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Electric Wheelchair market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Electric Wheelchair market?
• Which is the largest regional market for Electric Wheelchair market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Electric Wheelchair market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Electric Wheelchair market worldwide?