From Globe Newswire: 2024-04-05 09:00:00

The Global Electric Wheelchair Market is projected to grow from USD 3.78 billion in 2023 to USD 10.17 billion by 2033, with a CAGR of 10.40%. Electric wheelchairs, powered by motors and batteries, offer independence to those with limited mobility. Market growth is driven by increasing disability prevalence and the geriatric population. However, high costs, limited coverage, and reimbursement policies may impede market growth.

Among the product types, the center wheel drive chair is expected to hold the largest share in the global electric wheelchair market. In terms of demographics, the adult wheelchairs segment is predicted to dominate, and home care settings are anticipated to hold the highest market share. North America is poised to lead the market due to a growing elderly population and modern healthcare facilities, while Asia-Pacific is forecasted to experience the fastest growth.

Key players in the global electric wheelchair market include Karma Medical Products, Pride Mobility, and Quantum Rehab. Recent developments include the introduction of power assisted devices by Invacare Corp. The use of in-wheel motors and batteries is revolutionizing the industry. Market segments include product types, types, end-users, and regional analysis, offering a detailed insight into the growing electric wheelchair market.



Read more at Globe Newswire: Global Electric Wheelchair Market Size To Worth USD 10.17