Global Wheelchair Market Size & Outlook

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.