Australia, India, China to make Market Opportunities for the Electric Wheelchairs in Coming Years

 Electric Wheelchair Market

Electric wheelchairs are the battery powered wheelchairs which do not require any external human assistance for mobility. The user alone can control the movements with various input devices such as joysticks, touch pads and other devices. Electric wheelchairs provide multiple functionalities to assist the user in both indoor and outdoor activities with nominal human effort. Electric wheelchairs are not only used by people with traditional mobility impairments but also by those with cardiovascular conditions. Electric wheelchairs are sophisticated products and reflect to the lifestyle of the users.

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The Global Electric Wheelchair Market was valued at USD 1.23 billion in 2013, growing at a CAGR of 19.2% from 2014 to 2020 to account for USD 4.48 billion in 2020.

The need for mobility products and services is rising faster than ever before as a sizeable portion of the world’s population ages. Many of the older consumers in developed countries, who were born during the baby boom, have considerable earnings at their disposal and are at ease using technologically advanced products to simplify their everyday chores. Electric wheelchairs, being one such product, are witnessing a spike in demand in countries such as the United States, the United Kingdom, Germany, France, China, South Korea, and Japan.

Global Electric Wheelchair Market: By Product Types

> Front Wheel Drive electric wheelchair

> Center Wheel Drive electric wheelchair

> Rear Wheel Drive electric wheelchair

> Standing electric wheelchair

> Others

Global Electric Wheelchair Market: By Geography

> North America

> Europe

> Asia Pacific

> Rest of the world (RoW)

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The findings of the report indicate that center wheel drive electric wheelchairs contributed the highest percentage to the market’s revenue. This segment held a share of over 50% in the market in 2013. The demand for electric chairs based on a front wheel drive is expected to grow at an encouraging pace, and will come second only to the center wheel drive segment. The front wheel drive segment is poised to exhibit a 25.3 % CAGR from 2014 through 2020.

The market for electric wheelchairs was the largest in North America in 2014, states the report. The demand for electric wheelchairs is expected to rise steadily in countries in the region, thanks essentially to the affluence of elderly consumers here and the overall increase in the elderly population. The North America electric wheelchairs market was trailed by Europe, which was followed by Asia Pacific. Europe and APAC collectively contributed about 40% of the revenue to the global market.

Companies that currently rake in considerable revenue in the global electric wheelchair market are: Sunrise Medical, Invacare Corp., Permobil Corp., Pride Mobility Products Corp, Handicare, Ottobock Healthcare GmbH, Drive Medical Ltd., Medort, and Hoveround Corp.

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