Asia Pacific Wheelchair Market Size & Outlook, 2023-2030
Asia Pacific wheelchair market, 2018-2030 (US$M)
Related Markets
Asia Pacific wheelchair market highlights
- The Asia Pacific wheelchair market generated a revenue of USD 1,062.6 million in 2023.
- The market is expected to grow at a CAGR of 8.5% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,062.6 million |
| Market revenue in 2030 | USD 1,876.4 million |
| Growth rate | 8.5% (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 |
| 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, Asia Pacific region accounted for 20.6% of the global 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 1,876.4 million by 2030.
Manual was the largest segment with a revenue share of 61.18% in 2023. Horizon Databook has segmented the Asia Pacific wheelchair market based on manual, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Wheelchairs are the most commonly used personal mobility devices in APAC. The increasing number of physically challenged and elderly people in Asia Pacific is propelling the demand for wheelchairs. Furthermore, the growing incidence of chronic diseases and road accidents is driving the wheelchair market in the region.
In 2017, according to WHO estimates, between 20 and 50 million individuals suffer from nonfatal injuries, with several of them becoming disabled as a result. 90% of all traffic accidents occur in middle-income countries. In 2016, 12.4% of the population in the region was aged 60 years or older.
However, by 2050, this number is expected to increase to more than a quarter, or 1.3 billion people. It is estimated that roughly a third of the population in East and North Asia (which includes countries such as Japan and the Republic of Korea with significant aging populations) would be aged 60 years or older, as compared to one in every four individuals in North and Central Asia by 2050.
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Wheelchair Market Scope
Wheelchair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific wheelchair market size, by country, 2018-2030 (US$M)
Asia Pacific Wheelchair Market Outlook Share, 2023 & 2030 (US$M)
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