The global Electric Wheelchair Market Growth Accelerated by Increased Demand for Electric Wheelchairs Among Aging Population



 Electric wheelchairs are mobility devices that have motorized wheels to aid mobility. They provide independence and freedom of movement to people with limited mobility or physical disabilities. Electric wheelchairs have rechargeable batteries and can be controlled by wireless remotes, joysticks, sip-n-puff systems or other adaptable controls.

The global Electric Wheelchair Market size is estimated to be valued at US$ 8.71 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increased demand for electric wheelchairs among aging population is expected to be one of the key trends driving the electric wheelchair market growth over the forecast period. According to the World Health Organization (WHO), the number of people aged 60 years and older is expected to double from 12% to 22% between 2015 and 2050 globally. Moreover, WHO estimates that the number of people aged 80 years or over is projected to triple between 2015 and 2050. The rising geriatric population is more prone to limited mobility and disabilities which drives the demand for electric wheelchairs. According to United Nations, there were an estimated 703 million persons aged 65 years or over in the world in 2019. This rising aging population continues to increase the demand for mobility assistance products such as electric wheelchairs.


Segment Analysis
The global electric wheelchair market is dominated by the rear-wheel drive segment. Rear-wheel drive electric wheelchairs are more budget-friendly and offer basic functionality for indoor use on even surfaces. Hence, they account for the largest market share owing to their affordability. The front-wheel drive segment is expected to witness the highest growth during the forecast period. Front-wheel drive electric wheelchairs provide more stability on inclined surfaces and uneven outdoor terrains. They are equipped with larger batteries and motors for enhanced outdoor performance.

Key Takeaways
The global electric wheelchair market is expected to witness high growth over the forecast period. The market size is projected to reach US$ 8.71 Bn by 2024 and is anticipated to surpass US$ 16 Bn by 2031, expanding at a compound annual growth rate of 11%.

Regional analysis: North America dominates the global electric wheelchair market currently and is expected to maintain its leading position over the forecast period as well. Higher acceptance of technologically advanced products along with favorable government policies in the US and Canada are some of the major factors contributing to North America’s large share of the global market. Asia Pacific is anticipated to be the fastest growing regional market between 2024 to 2031 driven by high unmet needs in developing countries such as India and China.

Key players: Key players operating in the electric wheelchair market are Invacare Corp, Ottobock, Pride Mobility, Permobil, and Sunrise Medical. Invacare Corp is the global market leader with a wide range of rear-wheel drive and front-wheel drive electric wheelchairs for indoor and outdoor applications.

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