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 wheelchair is a specific medical apparatus which assists a person who is incapacitated or has very limited ability to walk. Wheelchairs allow people to enhance their independence and mobility by being pushed manually or driven automatically. The prevalence of physical disability in adults and children on a global scale is increasing rapidly. The World Health Organization (WHO) estimates that 15% of people worldwide are disabled in some way as of 2018. Wheelchair demand is also anticipated to increase throughout the projection period due to the world's ageing population. During the projected period, wheelchair technology is expected to continue to progress and become more widely known, which will drive market growth. 

Alongside this, a growing number of player product launches and advantageous reimbursement practices are anticipated to fuel market expansion throughout the course of the forecast year. The rising ageing population is one of the main factors propelling the global market. As people get older, they are more likely to experience mobility issues. This is expected to drive up demand for wheelchairs and accelerate the wheelchair market's growth over the course of the forecast period. In the world today, 250 million people experience moderate to severe mobility, according to a UN report.

US Wheelchair Market is poised to grow at a sustainable CAGR for the next forecast year.