Canada Wheelchair Market Size & Outlook, 2023-2030
Canada wheelchair market, 2018-2030 (US$M)
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Canada wheelchair market highlights
- The Canada wheelchair market generated a revenue of USD 160.2 million in 2023 and is expected to reach USD 234.5 million by 2030.
- The Canada 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 160.2 million |
| Market revenue in 2030 | USD 234.5 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, Canada accounted for 3.1% 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 North America, U.S. wheelchair market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,671.8 million by 2030.
Manual was the largest segment with a revenue share of 61.17% in 2023. Horizon Databook has segmented the Canada wheelchair market based on manual, electric covering the revenue growth of each sub-segment from 2018 to 2030.
According to Canadian Survey on Disability, the prevalence of disability increased with age. Individuals with mild disability and between the ages of 25 and 64 years were employed, but individuals with severe disability in the same age group were unemployed. According to the statistics of Statistics Canada, more than 861,000 people aged 85 and above were counted in the 2021.
According to data published by Canadian government on Canada.ca, the geriatric population will account for 23% of the total population by 2030. Healthcare structure in Canada is a motivator for medical device manufacturers to develop products that enhance care provision along with cost-efficiency.
Moreover, with increase in the number of healthcare institutions and rise in the prevalence of chronic diseases, Canada market is expected grow wheelchair during the forecast period. Technological advancements, presence of key players, rising prevalence of disability, and government initiatives for assistive devices is expected to aid growth of the Canadian market.
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Wheelchair Market Scope
Wheelchair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada wheelchair market size, by product, 2018-2030 (US$M)
Canada Wheelchair Market Outlook Share, 2023 & 2030 (US$M)
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