The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s electric wheelchair market report forecasts the electric wheelchair market size to grow to $7.93 Billion by 2027, with a CAGR (compound annual growth rate) of more than 13%.

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

Electric Wheelchair Market Size Forecast
The global electric wheelchair market is expected to grow from $4.2 billion in 2022 to $4.78 billion in 2023 at a compound annual growth rate (CAGR) of 13.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electric wheelchair market size is expected to grow to $7.93 billion in 2027 at a CAGR of 13.5%.

North America held the largest electric wheelchair market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Electric Wheelchair Market Driver ­– Increase In The Incidence Of Spinal Deformities
For instance, according to the Columbia University Irving Medical Center, Scoliosis, a widespread, occasionally genetic spinal disorder that causes the spine to curve, affected 2% to 3% of Americans, or between 6 million to 9 million people in 2021. An increase in the incidence of spinal deformities will drive the growth of the electric wheelchair market.

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Key Electric Wheelchair Market Trend – Technological Advancement
Many companies are launching new products to give an enhanced experience to their users. In February 2021, Invacare Corporation, an American medical equipment manufacturer, launched the Invacare AVIVA STORM RX power wheelchair. It is a forward rear-wheel drive power wheelchair with superior technology, design, and performance. It is a power wheelchair designed to travel outdoors and can also provide mobility indoors without any assistance.

Electric Wheelchair Market Segment
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

Electric Wheelchair Market Major Players and Strategies
Major players in the electric wheelchair market are 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.

In February 2020, Numotion, a US-based provider of Complex Rehab Technology (CRT) services, acquired Monroe Wheelchair for an undisclosed amount. This acquisition enabled Numotion to increase its capabilities and reach the larger Northeast region. Monroe Wheelchair is a US-based CRT provider and electric wheelchair manufacturer.

The Electric Wheelchair Global Market Report 2023 covers regional data on electric wheelchair market size, electric wheelchair market trends and drivers, opportunities, strategies, and electric wheelchair market competitor analysis. The countries covered in the electric wheelchair market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

An electric wheelchair refers to a seating surface with wheels affixed to them that is propelled by an electrically based power source, mainly motors and batteries. They are suitable for all age groups and are available in various sizes and heights. It is mainly used to move from one place to another by individuals having medical conditions or those who face difficulty in walking.

View More Reports Related To The Electric Wheelchair Market –
Electric Lighting Equipment Global Market Report 2023
Electric Bikes And Scooters Global Market Report 2023
Electric Vehicle Charging Stations Global Market Report 2023

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