Wheelchair Market Size, Share, Growth Analysis, By Product(Manual, Electric), By Category(Adults, Pediatric), By Application(Homecare, Hospitals, Ambulatory Surgical Centers, Rehabilitation Centers), By Region - Industry Forecast 2024-2031

Wheelchair Market size was valued at USD 4.70 billion in 2022 and is poised to grow from USD 5.04 billion in 2023 to USD 8.79 billion by 2031, growing at a CAGR of 7.20% during the forecast period (2024-2031)

A multitude of prominent figures can be seen in the business arena of the global wheelchair market, all of which are looking for ways to create new and improve existing mobility solutions. Among the well-known corporations on a global scale are Invacare Corporation, Sunrise Medical, and Permobil, who focus on implementing up to date technologies and designs that can be modified. Such enterprises also utilize research and strategic alliances to gain an advantage over competitors. Furthermore, the rise of new players into the market is creating even more competition, which in turn leads to enhanced quality of products and diversified alternatives for mobility products for consumers. 'Graham-Field Health Products Inc. (US) ', 'Invacare (US) ', 'Karman Healthcare (US) ', 'Quantum Rehab (US) ', 'Numotion (US) ', 'Pride Mobility Products Corp. (US) ', 'Seating Matters (UK)  ', 'Sunrise Medical (Germany) ', 'Ottobock SE & Co. KGaA (Germany) ', '21st Century Scientific Inc. (US) ', 'Hoveround Corporation (US) ', 'Levo AG (Switzerland) ', 'Merits Health Products Co., Ltd. (Taiwan) ', 'Kangyang Medical Technology Co., Ltd. (China) ', 'Electric Mobility Euro Ltd (UK) ', 'Freedom Mobility (New Zealand) ', 'Eagle Sportschairs LLC (US) ', 'Motion Composites Inc. (Canada) ', 'Rolko Kohlgrüber GmbH (Germany) ', 'Neatech Medical (France) ', 'PAX Medical Technologies (US) ', 'RehaDesign (Germany) ', 'Rifton Equipment (US)'

The global wheelchair market has been growing due to the rising number of people with disabilities caused by the aging population and the chronic illnesses of people. Wheelchairs, both manual and powered, as well as other mobility equipment are in higher demand due to the increase in the number of people with mobility challenges, thus the importance of making such products available. 

Increasing Demand for Smart Wheelchairs: The global wheelchair market is currently facing an increasing demand for high tech wheelchairs integrated with AI, sensors and connectivity features. Such innovations promote user autonomy and mobility thereby addressing different needs of users while enhancing the overall quality of life and user experience. 

North America occupies the largest wheelchair market share in the world due to its advanced healthcare systems, high spending power of the population and attention geared towards people living with disabilities. The region is able to conduct a lot of research and development, which results in the emergence of technologies such as the smart and lightweight wheelchairs that are used today. Moreover, wheelchair accessibility is improved by government policies and reimbursement programs which are appealing to the consumers, driving the demand. Factors such as the demographic shift due to the geriatric population and the increase in the number of chronically sick patients are other factors that are driving growth in the market as mobility enhancing healthcare services are being availed to more and more patients across the North American region.