Increasing Geriatric Population and Rising Accidents and Technological Advancements in the Electric Wheelchair Market is anticipated to fuel the Growth of the Global Electric Wheelchair Market at a CAGR of 6.9% during the Forecast Period

Pune, India, August 2022, Market Research Future has published a Report on the Global Global Electric Wheelchair Market.

Electric Wheelchair Market-Overview

An electric wheelchair, sometimes referred to as an electrical wheelchair, motorized wheelchair, or energy-powered wheelchair, is a mobility device that is pushed by a power source that is electrically powered, most commonly motors and batteries. One or more batteries that recharge power an electric wheelchair. These batteries control the motor, which allows the wheelchair's tires, joystick, or ball to move. Electric wheelchairs are in high demand as they allow people to move autonomously of others. Product releases and business expansion are expected to promote advancement in the electric wheelchair marketplace, increasing product production and market demand.

Long term, the rise in disabilities due to demographic changes and the prevalence of serious illnesses is expected to drive healthcare organizations and hospitals to use electric wheelchairs to improve the social assistance of individuals and healthcare providers. Additionally, electric wheelchairs are used in home healthcare facilities to transfer patients from one place to another securely and comfortably. The tremendous surge in seniors means that curiosity about electric wheelchairs among consumers in nursing homes and hospitals will likely increase. Because electric wheelchairs can do a variety of tasks and because engineers are attempting to make them easier to operate and navigate, people prefer them to conventional wheelchairs. The patient can easily adjust the wheelchair's seat, and the wheelchair's automatic and remote controls operate the equipment.

Segmental Analysis

The electric wheelchair market is divided into type, end user, and geography. The electric wheelchair market is divided into three types: front-wheel drive, center-wheel drive, and rear-wheel drive. The electric wheelchair market comprises two end-user segments: hospitals, clinics, and home care settings.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Electric Wheelchair Market Research Report

Detailed Regional Analysis

The market was dominated by and dominated by the Americas. A key factor in the market's expansion is the development of science in electric wheelchairs with controllable and approachable accessories. Additionally, an aging population, increased spending power, and a preference for more advanced technology all help to move this area's electric wheelchair industry ahead. With over half of those 75 and over having a disability, these impairments are more prevalent in older individuals, which is expected to drive demand for electric wheelchairs in the United States and Canada. Because of the region's developing population of disabled people, Europe is likewise expected to see substantial development in the electric wheelchair market.

Additionally, the rising financial security of Asia's middle-class families—who comprise a sizeable section of the population—encourages them to spend more on health care, which fuels the expansion of the region's market for electric wheelchairs. Additionally, electric wheelchair manufacturers are introducing wheelchairs with artificial intelligence capabilities that let people with disabilities control them by making facial expressions like raising their eyebrows and jutting out their tongues. As a result, the necessity for technical advancements in this technology to improve both safety and comfort is likely to present profitable prospects for competitors, leading to an increase in the size of the electric wheelchair market.

Competitive Analysis

It is expected that the market will be affected right away by the basic operations overhaul. During the anticipated term, possibilities will be opened by expanding cutting-edge technology in the global supply network. Production stability in the market is expected to be variable. Producers are expected to make small-scale decisions during the forecast timeframe to ensure continued success and continuity. The substantial changes in the worldwide financial intermediation structure caused by the COVID-19 epidemic are thought to influence how enterprises access funding in the corresponding period. The hypervigilant mindset that emerged after the epidemic is meant to govern market decisions for the forecast period. The market's growth indicators are expected to improve in the coming months. The reclaimed market potential is predicted to propel the worldwide industry forward. Critical policies developed by government entities worldwide play an important role in the global advancement of the industry.

Among the notable companies in the electric wheelchair market are Pride Mobility Products Corp (US), Levo AG (Switzerland), Quantum Rehab (US), Permobil AB (Sweden), Invacare Corporation, Drive Medical (US), Ottobock (Germany), GF Health Products, Inc. (US), Sunrise Medical (Germany), and Karman Healthcare, Inc. (US).