According to FutureWise analysis the market for electric wheelchair in 2023 is US$ 3.5 billion, and is expected to reach US$ 8.01 billion by 2031 at a CAGR of 10.90%.
Any seating surface with wheels attached that is propelled by an electrically based power source, usually motors and batteries, is known as an electric wheelchair, also known as an electric-powered wheelchair, motorized wheelchair, or powerchair. Some individuals who lack the skill or mobility to operate a mobility scooter owing to arm, hand, shoulder, or other general debilitating issues can utilize an electric wheelchair since they lack the leg strength to push a manual chair with their feet. The tilt, recline, leg elevation, seat elevation, and other powered actions that are beneficial to health and function can be provided by EPWs. They may also be used by individuals with heart and fatigue conditions, in addition to those with "traditional" mobility impairments.
Electric wheelchairs are becoming more popular due to their benefits, ease of use, greater convenience, and seamless usage. They are often utilized by individuals who cannot use manual wheelchairs or who want to use wheelchairs for longer trips that are challenging in manual wheelchairs. Although the COVID-19 pandemic negatively impacted many industries, the market for electric wheelchairs benefited. Due to their severe physical weakness and incapacity to walk, the COVID-19 patients' desire for medical mobility aid equipment significantly increased, sparking the sales of electric wheelchairs.
FutureWise Market Research has published a report that provides an insightful analysis of electric wheelchair market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, the electric wheelchair market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing