Latin America Electric Wheelchair Market Size & Outlook
Latin America electric wheelchair market, 2018-2030 (US$M)
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Latin America electric wheelchair market highlights
- The Latin America electric wheelchair market generated a revenue of USD 143.1 million in 2023.
- The market is expected to grow at a CAGR of 6.3% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 143.1 million |
| Market revenue in 2030 | USD 220.0 million |
| Growth rate | 6.3% (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, Latin America region accounted for 7.1% 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 |
|---|
Latin America 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 66.53% in 2024. Horizon Databook has segmented the Latin America electric wheelchair market based on adult, pediatric covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America’s electric wheelchair market is growing, owing to the increasing prevalence of disabilities and an aging population. As the number of individuals requiring mobility aids rises, there is a growing demand for electric wheelchairs offering enhanced mobility, comfort, and independence.
This surge can be attributed to the large and diverse population across the region, which faces various mobility challenges due to conditions such as arthritis, Parkinson’s disease, and general physical decline.
Technological advancements in electric wheelchairs, such as improved battery life, better maneuverability, and enhanced comfort features, are further fueling market expansion by making these aids more accessible and appealing to consumers.
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Target buyers of Latin America 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 Latin America electric wheelchair market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America electric wheelchair market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America electric wheelchair market size, by country, 2018-2030 (US$M)
Latin America Electric Wheelchair Market Outlook Share, 2024 & 2030 (US$M)
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