The global electric wheelchair market is expected to register significant growth over the forecast period. The increasing advancement in technology, and growing demand for electric mobility devices for people with disability and elderly people, is likely to fuel the market growth over the forecast period. The increasing prevalence of chronic diseases and the rising elderly population are the major factors anticipated to drive the market growth of the market.
An electric wheelchair is a motorized wheelchair that runs on a battery which is preferred by individuals with a medical condition or who have difficulty walking. These wheelchairs are generally four-wheeled or six-wheeled and can be partially dismantled for transits. These individuals prefer electric wheelchairs over manual wheelchairs due to a lack of upper body strength or want to be independent. The technological evolution in the wheelchair market has started offering electric wheelchair is looks similar to mobility scooter which offers more comfort, storage space, armrest, and joystick for controlling the movement of a wheelchair.
The COVID-19 pandemic has resulted in a global economic slowdown which has significantly influenced the electric wheelchair market. The COVID-19 restrictions and necessary protocols have disrupted the supply chain of electric wheelchairs which has directly impacted the production, supply, and post-sale services of the product. However, with the ease of restrictions in the second half of 2020 and significant economic revival, the electric wheelchair market is anticipated to witness growth over the forecast period.
In end-user, the home-care setting segment is expected to lead the market over the forecast period due to the high demand for independence and ease of doing work with the help of an electric wheelchair. Based on the product, the rear-wheel-driven wheelchair is expected to account for the highest market share due to its ease of use and maneuverability both indoors and outdoor with the help of a joystick.
The North American region is expected to witness the largest market share and growth over the forecast period. The market players in this region are continuously developing advanced products to meet the consumers' demand. According to the Centers for Disease Control and Prevention, over 61 million adults in the U.S. live with disability out of which 3.3. million are wheelchair users. This number is continuously increasing with an estimation of 2 million new wheelchair users every year.
The industry is marked by the presence of various small and large industry players. The electric wheelchair market is highly competitive in the regions such as North America and Europe. Key global industry players include Invacare Corporation, Pride Mobility Products Corp., Sunrise Medical LLC, Karman Healthcare, Ottobock, Permobil, Karma Medical, Seniority Mobility.
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