Asia Pacific Electric Wheelchair Market Size & Outlook
Asia Pacific electric wheelchair market, 2018-2030 (US$M)
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Asia Pacific electric wheelchair market highlights
- The Asia Pacific electric wheelchair market generated a revenue of USD 408.9 million in 2023.
- The market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, adult was the largest revenue generating category type in 2023.
- Pediatric is the most lucrative category type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 408.9 million |
| Market revenue in 2030 | USD 698.6 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Adult |
| Fastest growing segment | Pediatric |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adult, Pediatric |
| Key market players worldwide | Carex Health Brands, Drive Medical, Graham - Field Health Products, Invacare, Medline Industries, Sunrise Medical, Quantum Rehab, Numotion, Pride Mobility Products Corp, Seating Matters, Karman Healthcare |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.4% of the global electric wheelchair market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 698.6 million by 2030.
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Electric Wheelchair Market Scope
Electric Wheelchair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific electric wheelchair market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric wheelchair market will help companies and investors design strategic landscapes.
Adult was the largest segment with a revenue share of 67.72% in 2024. Horizon Databook has segmented the Asia Pacific electric wheelchair market based on adult, pediatric covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific market is expected to grow at the fastest rate during the forecast period owing to rising economic prosperity in several countries, such as South Korea, India, and China, increasing healthcare budgets, and a rising obese population.
In addition, growing disposable income and R&D activities undertaken by organizations—such as the China Rehabilitation Research Center—are expected to drive regional market growth. The rising prevalence of osteoarthritis in the Asia Pacific region highlights the need for effective mobility solutions, such as electric wheelchairs.
According to a University of Washington article published in August 2023, regarding regional prevalence, osteoarthritis affected over 5.5% of the global population in 2020, with Southeast Asia reporting 5677.4 cases per 100,000 people and high-income Asia Pacific reporting 8,632.7 cases per 100,000.
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Target buyers of Asia Pacific electric wheelchair market databook
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Our clientele includes a mix of electric wheelchair market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific electric wheelchair market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific electric wheelchair market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific electric wheelchair market size, by country, 2018-2030 (US$M)
Asia Pacific Electric Wheelchair Market Outlook Share, 2024 & 2030 (US$M)
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