North America Electric Wheelchair Market Size & Outlook
North America electric wheelchair market, 2018-2030 (US$M)
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North America electric wheelchair market highlights
- The North America electric wheelchair market generated a revenue of USD 706.4 million in 2023.
- The market is expected to grow at a CAGR of 7% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 706.4 million |
| Market revenue in 2030 | USD 1,135.9 million |
| Growth rate | 7% (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, North America region accounted for 35.2% 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 |
|---|
North 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 68.87% in 2024. Horizon Databook has segmented the North America electric wheelchair market based on adult, pediatric covering the revenue growth of each sub-segment from 2018 to 2030.
North America dominated the electric wheelchair market in 2023. The growth can be attributed to the rising incidence of disability, increasing demand for electric wheelchairs, supportive government initiatives, and technological advancements.
According to an article published by The Trustees of the University of Pennsylvania in January 2023, arthritis impacts over 50 million adults in the U.S., making it a leading cause of disability in the country. Moreover, as per a CDC article published in May 2023, almost 61 million adults in the U.S. are living with a disability.
In the U.S. and Canada, favorable government policies and private health insurance coverage contribute to increased access to electric wheelchairs. Technological advancements such as improved battery life, lightweight materials, and smart features make electric wheelchairs more user-friendly and appealing.
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Target buyers of North 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 North America electric wheelchair market , including forecasts for subscribers. This continent databook contains high-level insights into North America electric wheelchair market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America electric wheelchair market size, by country, 2018-2030 (US$M)
North America Electric Wheelchair Market Outlook Share, 2024 & 2030 (US$M)
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