Overview


According to FutureWise analysis the market for wheelchairs in 2023 is US$ 5.89 billion, and is expected to reach US$ 7.71 billion by 2031 at a CAGR of 3.4%.

An increase in disabled population alongside increasing geriatric population are the key factors burgeoning the wheelchairs market size. Technological advancements have led to rapid adoption of advanced wheelchairs thus resulting in expansion of the market. Improving healthcare infrastructure coupled with favorable reimbursement policies is bolstering the market. For instance, Medicare Part B covers wheelchairs like DME, where user or patient is required to pay 20% of the Medicare-approved amount and the remaining amount is paid by Medicare, alongside the submission of a written order from the doctor stating the need for a wheelchair at home.

The market is bifurcated into by category, by end-users, and by region. On the basis of product, standing wheelchair holds a major market share. Standing wheelchair is affordable, lightweight and offers non-dependability on charging. It offers comfort to the user as well. All these features have resulted in a rapid demand for standing wheelchair thus inflating the market share. Increasing awareness about initiatives taken by governments to promote games such as Paralympics is expected to increase the demand the sports wheelchairs.

Based on end-users, the homecare segment is expected to control the growth of the market. Wheelchairs at home offer convenience and complete freedom of movement to the patient. It also improves daily quality of life of the users. Owing to these features the segment is expected to see notable growth over the coming years.

In terms of region, North America is the front runner of the market. Factors such as the increase in the prevalence of osteoporosis, lifestyle diseases, and the geriatric population are bolstering the presence of the market in the region. Baby boomers are one of the major factors promoting the growth of the market in the region. As per the U.S Census Bureau, all baby boomers are expected to age more than 65 by 2030, thus resulting in inflation of wheelchairs market size.

The Asia-Pacific region represents a lucrative opportunity for the manufacturers owing to the increasing disposable and rapid adoption of advanced wheelchairs in the region. Increasing geriatric population in nations like Japan and China alongside the increasing presence of developed healthcare infrastructure in nations like India and China is expected to fuel the wheelchairs market growth in the region.

  • Ottobock
  • GF Health Products, Inc.
  • Invacare Corporation
  • Pride Mobility Products Corp.
  • Carex Health Brands
  • Drive Medical Design and Manufacturing
  • Sunrise Medical Limited
  • Quantum Rehab
  • Karman Healthcare.

(Note: The list of the major players will be updated with the latest market scenario and trends)

By Type

  • Manual
  • Powered

By Application

  • Standard Wheelchair
  • Bariatric Wheelchair
  • Sports Wheelchair
  • Others

By End User

  • Personal User
  • Institutional User

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants

  • Growth Prospects
  • SWOT Analysis
  • Key Trends
  • Key data-points affecting market growth

  • To provide with an exhaustive analysis on the Wheelchairs Market By Type, By Application By End-user and By Region.
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • Evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and Middle East and Africa
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • Profiling of companies to evaluate their market shares, strategies, financial and core competencies

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Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Wheelchairs Market Variables, Trends and Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Wheelchairs Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Wheelchairs Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Wheelchairs Market, By Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Manual
        2. Powered

  • 8.   Wheelchairs Market, By Application Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Standard Wheelchair
        2. Bariatric Wheelchair
        3. Sports Wheelchair
        4. Others

  • 9.   Wheelchairs Market, By End User Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Personal User
        2. Institutional User

  • 10.   North America Wheelchairs Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 11.   Latin America Wheelchairs Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 12.   Europe Wheelchairs Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 13.   Asia Pacific Wheelchairs Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 14.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 15.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 16.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. Ottobock
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. GF Health Products, Inc.
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Invacare Corporation
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Pride Mobility Products Corp.
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Carex Health Brands
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Drive Medical Design and Manufacturing
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Sunrise Medical Limited
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Quantum Rehab
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Karman Healthcare
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview

  • 17.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the regulations initiated by healthcare
                  administrations
        5. The overall economic slowdown of the developing and developed nations

  • 18.   FutureWise SME Key Takeaway Points for Client
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