Global Wheelchair Market Size & Outlook, 2023-2030
Global wheelchair market, 2018-2030 (US$M)
Related Markets
Global wheelchair market highlights
- The global wheelchair market generated a revenue of USD 5,166.1 million in 2023 and is expected to reach USD 8,411.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.2% by 2030.
- In terms of segment, manual accounted for a revenue of USD 3,160.7 million in 2023.
- Manual is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,166.1 million |
| Market revenue in 2030 | USD 8,411.2 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Manual |
| Fastest growing segment | Manual |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manual, Electric |
Other key industry trends
- In terms of revenue, the North America accounted for 34.8% of the global wheelchair market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 234.5 million by 2030.
Manual was the largest segment with a revenue share of 61.18% in 2023. Horizon Databook has segmented the Global wheelchair market based on manual, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Aging generally reduces the ability & agility to move and perform physical tasks and, sometimes, maintain independent functioning. The rising geriatric population is most likely to create higher demand for mobility products, such as wheelchairs, over the forecast period.
Moreover, individuals in this age group are more prone to falls, which can cause fatal or nonfatal injuries, leading to mobility issues. According to the U.S. Centers for Disease Control and Prevention (CDC) and other falls research, over one-fourth of Americans age 65+ falls each year and falls are the leading cause of fatal and nonfatal injuries among older adults in the country.
According to Urban Institute, the number of Americans above the age of 65 and older will double over the next four decades, reaching 80 million by 2040. The increasing number of elderly people coupled with rising incidents of falls in the elderly is projected to drive demand for mobility aids during the forecast period.
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Wheelchair Market Scope
Wheelchair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global wheelchair market size, by region, 2018-2030 (US$M)
Top 10 countries: Wheelchair market size, 2023 (US$M)
Global wheelchair market share, by product, 2023 & 2030 (%, US$M)
Wheelchair market: Opportunity assessment by country
Global wheelchair market, by region, 2023 (US$M)
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