From GlobeNewswire: 2024-11-19 06:56:00

The global electric wheelchair market is projected to exceed USD 9.9 billion by 2032, driven by the aging population worldwide. By 2050, around 2.1 billion individuals aged 60 and older are expected. Electric wheelchairs provide crucial support for seniors facing mobility challenges, enhancing independence and quality of life.

Rear-wheel drive electric wheelchairs hold over 35% market share, valued at over USD 3.5 billion by 2032. These models offer stability and traction, navigating rough terrain efficiently. Hospitals, accounting for 39.5% market share, invest in electric wheelchairs to aid patients with mobility issues, improving care quality.

The U.S. dominates the electric wheelchair market in North America, capturing over 90% market share in 2023. The robust healthcare infrastructure, large elderly population, and healthcare reimbursement system support market growth. Leading manufacturers focus on innovative features like lightweight designs, driving market expansion with substantial investments in research and development.



Read more at GlobeNewswire: Electric Wheelchair Market to exceed $9.9 Bn by 2032, Says