Global Electric Wheelchair Industry is expected to expand at a CAGR of 9.8% during 2022 - 2027

2022-04-28 09:08:56 UTC | Healthcare & Pharmaceuticals
Global Electric Wheelchair Industry is expected to expand at a CAGR of 9.8% during 2022 - 2027

As per the latest report by Renub Research titled “Global Electric Wheelchair Market, Size, Forecast 2022-2027, Share, Growth, Industry Trends, Impact of COVID-19, Opportunity Company Analysis,” Global Electric Wheelchair Market Size will reach US$ 6.84 Billion by 2027. As per the WHO (World Health Organization), about 1 Billion of the global population has suffered from some form of disability in 2021. Thus, the electric wheelchair is a necessary implementation and experimental medium of a low-cost intelligent wheelchair for the disabled. Electric wheelchair is also known as a motorized wheelchair; it is a locomotion mechanism for non-ambulatory people. It is driven by electrical power sources, such as (SLA) sealed lead-acid batteries like dry batteries and wet batteries. Electric Wheelchair has a power base that houses the wheels, motors, brakes, batteries, and wiring harnesses underneath the seat. It also comprises backrests, headrests, cushions made of gels, contoured foam, and air-filled bladders. An electric wheelchair is normally operated using joysticks or switches that allow users to control the movement and acceleration.

 

Electric Wheelchair Market Growth:

 

The global electric wheelchair industry is set to experience a boost in the growth rate during the forecast period. Convenience and stability are essential for a rise in the sales of electric wheelchairs. Likewise, the elderly population is more inclined towards electric wheelchairs for comfort and ease of operation. Additionally, the growing burden of neuromuscular and physical mobility disorders such as multiple sclerosis, muscular dystrophy, and peripheral neuropathy worldwide creates a strong demand for assistive mobility devices.

 

 

However, the COVID-19 pandemic created disturbances around all industries; it positively influenced the electric wheelchair market. The electric wheelchair market saw significant growth during the pandemic. Many health institutes and hospitals are flooded with people infected with the virus. Hence, the demand for electric wheelchairs rose in 2020.

 

 

The Rear-Wheel Drive Wheelchair Drive segment drives Electric Wheelchair Market

 

Based on product type, Electric Wheelchair Market includes Rear Wheel Drive Wheelchair Drive, Front Wheel Drive Wheelchair Drive, 4 Wheel Drive Electric Wheelchair, Standing Electric Wheelchair, Self-Balancing Wheelchair, and Remote Control. Most people would recognize rear-wheel-drive power chairs. The frame of the wheelchair can vary in style, and this type of wheelchair comes with a choice of fixed frame or folding frame, depending on the model. Rear Wheel Drive Power chairs are straightforward to drive with the aid of joystick control, which can be scaled on either the right or left of the wheelchair. The seating and comfort can be changed around the patient’s needs, and they can be recharged through a easy connection on the joystick (most models).

 

By age group, the electric wheelchair market is classified into less than 20 years21 to 60 years60 Years. The 60 years age group holds a significant market share in the Electric Wheelchair Market. It is because of the growth in the elderly population globally. At the same time, disability in older people due to arthritis pain or stiffness in a hip, ankle, knee, or foot increases the demand for wheelchairs. 



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