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 |
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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.
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.
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