Electric Wheelchairs Market to grow by USD 1,797.53 million from 2022 to 2027|ComfyGO Inc., GF Health Products Inc., Hoveround Corp., and more to emerge as key players- Technavio

NEW YORK, July 24, 2023 /PRNewswire/ -- The electric wheelchairs market size is estimated to grow by USD 1,797.53 million from 2022 to 2027 at a CAGR of 11.04%, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including ComfyGO Inc., GF Health Products Inc., Hoveround Corp., Invacare Corp., Karma Medical Products Co. Ltd., Karman Healthcare Inc., LEVO AG, Matsunaga Manufactory Co. Ltd., Medical Depot Inc., Medical Device Depot Inc., MEYRA GROUP, Mr. Wheelchair cc, Ottobock SE and Co. KGaA, Permobil AB, Pride Mobility Products Corp., Roma Medical, Silverline meditech Pvt. Ltd., Sunrise Medical LLC, United Seating and Mobility LLC, and WHILL Inc.

 Electric wheelchairs Market Insights -

• Vendors: 15+, Including ComfyGO Inc., GF Health Products Inc., Hoveround Corp., Invacare Corp., Karma Medical Products Co. Ltd., Karman Healthcare Inc., LEVO AG, Matsunaga Manufactory Co. Ltd., Medical Depot Inc., Medical Device Depot Inc., MEYRA GROUP, Mr. Wheelchair cc, Ottobock SE and Co. KGaA, Permobil AB, Pride Mobility Products Corp., Roma Medical, Silverline Meditech Pvt. Ltd., Sunrise Medical LLC, United Seating and Mobility LLC, and WHILL Inc.  among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: End-user (Personal, Hospitals, and Sports conditioning), Product (Dry-battery electric wheelchairs and Wet-battery electric wheelchairs), and Geography (North America, Europe, Asia, and Rest of World (ROW))

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Electric wheelchairs market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
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Key Electric Wheelchairs Market Driver

The increasing prevalence of orthopedic and neurologic disorders is a major factor notably driving the electric wheelchairs market growth. The global demand for electric wheelchairs is on the rise due to the increasing prevalence of orthopaedic and neurological diseases worldwide. Conditions like rheumatoid arthritis, knee problems, and post-fracture recovery necessitate the use of mobility devices such as power wheelchairs. The market is also driven by factors such as medical emergencies, short-term and long-term disabilities, and the growing number of surgical procedures. Elderly individuals are particularly affected by orthopaedic ailments like osteoarthritis and fractures, which often lead to increased reliance on family members or caregivers and create a higher demand for electric wheelchairs. To cater to specific needs, companies are developing specialized products such as bariatric or heavy-duty electric wheelchairs for obese patients with orthopaedic diseases. Additionally, accessories like attachable round ball knobs are being introduced to facilitate easier control for individuals with severe arthritis. As the incidence of orthopaedic and neurological disorders continues to rise, the demand for mobility aids, including electric wheelchairs, is expected to grow steadily during the forecast period. 

Significant Electric Wheelchairs Market Trends

The growing adoption of front-wheel-electric wheelchairs is an emerging trend supporting the market growth. The market is witnessing a growing adoption of front-wheel electric wheelchairs, which is expected to fuel market growth. Front-wheel electric wheelchairs offer several advantages over rear-wheel and mid-wheel drive models, particularly in navigating obstacles and uneven surfaces. The placement of the drive wheels at the front and the battery at the rear improves weight distribution and overall chair stability. With the front wheels in contact with the ground, more force is distributed across all four tires, resulting in enhanced traction and performance on soft terrain or uneven surfaces like grass or gravel roads. Furthermore, the absence of front wheels allows for easier positioning of the user's feet, bringing them closer to the body. Numerous companies in the market provide front-wheel power wheelchairs, contributing to the increasing adoption of these models and driving the market growth during g the forecast period.

Major  Electric Wheelchairs Market Challenge

The high cost of electric wheelchairs is a significant challenge hindering market growth. The high cost of electric wheelchairs is a significant barrier for many users, leading them to opt for alternative mobility devices like manual wheelchairs, medical walkers, or rollators. Furthermore, limited government reimbursement policies in developed and developing countries further restrict the adoption of power wheelchairs, thereby impeding market growth. Electric wheelchairs have an average price range of USD 1,350 to USD 1,700 for basic models, including essential components such as seats, handles, armrests, footrests, motors, tires, electrical circuits, and batteries. Customized options, such as neck braces, additional batteries, and hoists for easy transfer, can increase the price from USD 15,000 to USD 25,000. The replacement cost of electric wheelchair batteries ranges from USD 70 to USD 450, depending on the wheelchair type. These high costs may push individuals to seek more affordable alternatives like manual wheelchairs or crutches. Consequently, the high price of electric wheelchairs is expected to limit their adoption among middle-class users and pose a challenge to market growth during the forecast period.

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What are the key data covered in this Electric Wheelchairs Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the electric wheelchairs market between 2023 and 2027
• Precise estimation of the electric wheelchairs market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Growth of the electric wheelchairs market across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of electric wheelchairs market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global electric wheelchairs market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global electric wheelchairs market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Personal - Market size and forecast 2022-2027
• Exhibit 34: Chart on Personal - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Personal - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Personal - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Personal - Year-over-year growth 2022-2027 (%)

• 6.4 Hospitals - Market size and forecast 2022-2027
• Exhibit 38: Chart on Hospitals - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Hospitals - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Hospitals - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Hospitals - Year-over-year growth 2022-2027 (%)

• 6.5 Sports conditioning - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Sports conditioning - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Sports conditioning - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Sports conditioning - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Sports conditioning - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ million)
• Exhibit 47: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 48: Chart on Product - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 50: Chart on Comparison by Product
• Exhibit 51: Data Table on Comparison by Product

• 7.3 Dry-battery electric wheelchairs - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Dry-battery electric wheelchairs - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Dry-battery electric wheelchairs - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Dry-battery electric wheelchairs - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Dry-battery electric wheelchairs - Year-over-year growth 2022-2027 (%)

• 7.4 Wet-battery electric wheelchairs - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Wet-battery electric wheelchairs - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Wet-battery electric wheelchairs - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Wet-battery electric wheelchairs - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Wet-battery electric wheelchairs - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product 
• Exhibit 60: Market opportunity by Product ($ million)
• Exhibit 61: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027
• Exhibit 75: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 Germany - Market size and forecast 2022-2027
• Exhibit 87: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.9 Canada - Market size and forecast 2022-2027
• Exhibit 91: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.10 France - Market size and forecast 2022-2027
• Exhibit 95: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 ComfyGO Inc. 
• Exhibit 111: ComfyGO Inc. - Overview
• Exhibit 112: ComfyGO Inc. - Product / Service
• Exhibit 113: ComfyGO Inc. - Key offerings

• 12.4 GF Health Products Inc. 
• Exhibit 114: GF Health Products Inc. - Overview
• Exhibit 115: GF Health Products Inc. - Product / Service
• Exhibit 116: GF Health Products Inc. - Key offerings

• 12.5 Hoveround Corp. 
• Exhibit 117: Hoveround Corp. - Overview
• Exhibit 118: Hoveround Corp. - Product / Service
• Exhibit 119: Hoveround Corp. - Key offerings

• 12.6 Invacare Corp. 
• Exhibit 120: Invacare Corp. - Overview
• Exhibit 121: Invacare Corp. - Business segments
• Exhibit 122: Invacare Corp. - Key news
• Exhibit 123: Invacare Corp. - Key offerings
• Exhibit 124: Invacare Corp. - Segment focus

• 12.7 Karma Medical Products Co. Ltd. 
• Exhibit 125: Karma Medical Products Co. Ltd. - Overview
• Exhibit 126: Karma Medical Products Co. Ltd. - Product / Service
• Exhibit 127: Karma Medical Products Co. Ltd. - Key offerings

• 12.8 LEVO AG 
• Exhibit 128: LEVO AG - Overview
• Exhibit 129: LEVO AG - Product / Service
• Exhibit 130: LEVO AG - Key offerings

• 12.9 Matsunaga Manufactory Co. Ltd. 
• Exhibit 131: Matsunaga Manufactory Co. Ltd. - Overview
• Exhibit 132: Matsunaga Manufactory Co. Ltd. - Product / Service
• Exhibit 133: Matsunaga Manufactory Co. Ltd. - Key offerings

• 12.10 Medical Depot Inc. 
• Exhibit 134: Medical Depot Inc. - Overview
• Exhibit 135: Medical Depot Inc. - Product / Service
• Exhibit 136: Medical Depot Inc. - Key offerings

• 12.11 Medical Device Depot Inc. 
• Exhibit 137: Medical Device Depot Inc. - Overview
• Exhibit 138: Medical Device Depot Inc. - Product / Service
• Exhibit 139: Medical Device Depot Inc. - Key offerings

• 12.12 MEYRA GROUP 
• Exhibit 140: MEYRA GROUP - Overview
• Exhibit 141: MEYRA GROUP - Product / Service
• Exhibit 142: MEYRA GROUP - Key offerings

• 12.13 Ottobock SE and Co. KGaA 
• Exhibit 143: Ottobock SE and Co. KGaA - Overview
• Exhibit 144: Ottobock SE and Co. KGaA - Product / Service
• Exhibit 145: Ottobock SE and Co. KGaA - Key offerings

• 12.14 Permobil AB 
• Exhibit 146: Permobil AB - Overview
• Exhibit 147: Permobil AB - Product / Service
• Exhibit 148: Permobil AB - Key offerings

• 12.15 Pride Mobility Products Corp. 
• Exhibit 149: Pride Mobility Products Corp. - Overview
• Exhibit 150: Pride Mobility Products Corp. - Product / Service
• Exhibit 151: Pride Mobility Products Corp. - Key offerings

• 12.16 Roma Medical 
• Exhibit 152: Roma Medical - Overview
• Exhibit 153: Roma Medical - Product / Service
• Exhibit 154: Roma Medical - Key offerings

• 12.17 Sunrise Medical LLC 
• Exhibit 155: Sunrise Medical LLC - Overview
• Exhibit 156: Sunrise Medical LLC - Product / Service
• Exhibit 157: Sunrise Medical LLC - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist 
• Exhibit 158: Inclusions checklist
• Exhibit 159: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 160: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 161: Research methodology
• Exhibit 162: Validation techniques employed for market sizing
• Exhibit 163: Information sources

• 13.5 List of abbreviations 
• Exhibit 164: List of abbreviations

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