Brazil Wheelchair Market Size & Outlook, 2023-2030
Brazil wheelchair market, 2018-2030 (US$M)
Related Markets
Brazil wheelchair market highlights
- The Brazil wheelchair market generated a revenue of USD 107.2 million in 2023 and is expected to reach USD 156.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.6% 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 107.2 million |
| Market revenue in 2030 | USD 156.9 million |
| Growth rate | 5.6% (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, Brazil accounted for 2.1% 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 61.19% in 2023. Horizon Databook has segmented the Brazil wheelchair market based on manual, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil accounted for 29.4% of Latin America’s wheelchair market in 2021. Improving healthcare expenditure of the country can augment market growth over the forecast period. For instance, according to World Bank, the healthcare expenditure of Brazil went from 9.21% of GDP in 2016 to 9.51% in 2018.
For instance, according to the world bank, 9.3% of the population of Brazil was aged 65 or above in 2019. Rising number of people with disability across the country is also boosting the demand. For instance, over 16 million people in Brazil suffer from disability.
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Wheelchair Market Scope
Wheelchair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil wheelchair market size, by product, 2018-2030 (US$M)
Brazil Wheelchair Market Outlook Share, 2023 & 2030 (US$M)
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