Mexico Electric Wheelchair Market Size & Outlook
Mexico electric wheelchair market, 2018-2030 (US$M)
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Mexico electric wheelchair market highlights
- The Mexico electric wheelchair market generated a revenue of USD 27.1 million in 2023 and is expected to reach USD 40.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6% 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.
Electric wheelchair market data book summary
| Market revenue in 2023 | USD 27.1 million |
| Market revenue in 2030 | USD 40.9 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Adult |
| Fastest growing segment | Pediatric |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 1.4% of the global electric wheelchair market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil electric wheelchair market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 40.9 million by 2030.
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Electric Wheelchair Market Scope
Electric Wheelchair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 66.79% in 2024. Horizon Databook has segmented the Mexico electric wheelchair market based on adult, pediatric covering the revenue growth of each sub-segment from 2018 to 2030.
The electric wheelchair market in Mexico is expected to grow over the forecast period. Rising number of road accidents and disability cases fuels the growth of the market. According to an OECD article published in September 2023, in Mexico, the number of injury-related road crashes has seen a notable increase over recent years.
In 2020, there were 61,421 such incidents, which rose to 70,408 in 2021 and further increased to 75,611 in 2022. This upward trend in road accidents underscores the importance of improving road safety and highlights the critical need for effective mobility solutions. For individuals affected by these accidents, including those with severe injuries or disabilities, electric wheelchairs can provide crucial support and enhance mobility.
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Target buyers of Mexico 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 country-level data and insights on the Mexico electric wheelchair market , including forecasts for subscribers. This country databook contains high-level insights into Mexico electric wheelchair market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico electric wheelchair market size, by product, 2018-2030 (US$M)
Mexico Electric Wheelchair Market Outlook Share, 2024 & 2030 (US$M)
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