Argentina Wheelchair Market Size & Outlook, 2023-2030
Argentina wheelchair market, 2018-2030 (US$M)
Related Markets
Argentina wheelchair market highlights
- The Argentina wheelchair market generated a revenue of USD 54.7 million in 2023 and is expected to reach USD 82.0 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, manual was the largest revenue generating product in 2023.
- Manual is the most lucrative product segment registering the fastest growth during the forecast period.
Wheelchair market data book summary
| Market revenue in 2023 | USD 54.7 million |
| Market revenue in 2030 | USD 82.0 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Manual |
| Fastest growing segment | Manual |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manual, Electric |
| 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 |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.1% of the global 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 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 108.2 million by 2030.
Manual was the largest segment with a revenue share of 61.24% in 2023. Horizon Databook has segmented the Argentina wheelchair market based on manual, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina accounted for 14.9% of the Latin America wheelchair market in 2021. The growing geriatric and physically challenged population in the country can be attributed to market growth. For instance, in 2020, there were over 7.1 million people over the age of 60. There are around 5 million people living with a physical disability in Argentina.
Hence, due to growing disabilities and geriatric population, the market of wheelchair is expected to grow over the forecast period. This large population can create major opportunities for players in the wheelchair market. Improving healthcare expenditure of the country is expected to augment market growth over the forecast period.
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Wheelchair Market Scope
Wheelchair Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina wheelchair market size, by product, 2018-2030 (US$M)
Argentina Wheelchair Market Outlook Share, 2023 & 2030 (US$M)
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