The global market reports provided by The Business Research Company are now enriched with the latest market sizing data for 2023 and projections up to 2032.

According to The Business Research Company’s Electric Wheelchair Global Market Report 2023, the electric wheelchair market is poised for substantial growth in the foreseeable future.

Key insights from the electric wheelchair market forecast include:

1. Market Size:

The global electric wheelchair market expanded from $4.2 billion in 2022 to $4.78 billion in 2023, registering a compound annual growth rate (CAGR) of 13.7%. The anticipated trajectory projects the electric wheelchair market size to reach $7.93 billion by 2027, sustaining a CAGR of 13.5%.

2. Major Driver:

The surge In The Incidence Of Spinal Deformities is a significant contributor to the electric wheelchair market’s growth. For instance, Columbia University Irving Medical Center reports that scoliosis, a prevalent spinal disorder causing spinal curvature, affected 2% to 3% of Americans (approximately 6 million to 9 million individuals) in 2021. The escalating prevalence of spinal deformities is expected to drive the electric wheelchair market’s expansion.

View More On The Electric Wheelchair Market Report 2023 – https://www.thebusinessresearchcompany.com/report/electric-wheelchair-global-market-report

3. Key Trend:

Technological advancements are shaping the electric wheelchair market landscape. Numerous companies are introducing new products to enhance user experience. In February 2021, Invacare Corporation, a US-based medical equipment manufacturer, unveiled the Invacare AVIVA STORM RX power wheelchair. This forward rear-wheel drive power wheelchair boasts superior technology, design, and performance, enabling outdoor mobility and independent indoor movement.

4. Largest Region:

In 2022, North America emerged as the dominant region in the electric wheelchair market.

5. Major Players:

Prominent players in the electric wheelchair market encompass OttoBock Healthcare GmbH, Invacare Corporation, Pride Mobility Products Corp., Permobil AB, Sunrise Medical Limited, MEYRA GmbH, Matsunaga Manufactory Co., Ltd., Karma Medical Products Co., Ltd., Karman Healthcare, Drive Medical Ltd., LEVO Ag, GF Health Products, Golden Technologies, Quantum Rehab, Hoveround Corporation, 21st Century Scientific Inc., Merits Health Products, Nanjing Jin Bai He Medical Apparatus Co., Ltd., Scewo, ComfyGO Inc., EZ Lite Cruiser, Roma Medical, and Guangzhou HEDY Rehabilitation Technology Co Ltd.

Request A Sample Of The Global Electric Wheelchair Market Report 2023:
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Key Electric Wheelchair Market Segments
1) By Modality: Rear Wheel Drive Electric Wheelchair, Four Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Self Balancing Wheelchair, Standing Electric Wheelchair, Remote Control
2) By Category: Adults, Pediatric
3) By Age Group: Greater Than 60 years, 21 to Less Than 60 years, Less Than 20 years
4) By Application: Homecare, Hospitals, Ambulatory Surgical Centres, Rehabilitation Centres, Other Applications

The Electric Wheelchair Global Market Report 2023 delivers an exhaustive analysis of market size, trends, drivers, opportunities, strategies, and company profiles. Covered countries in the electric wheelchair market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, across major regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Wheelchair Accessible Vehicle Converter Global Market Report 2023
Mobility Aids And Transportation Equipment Global Market Report 2023
Shared Mobility Global Market Report 2023

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