Colombia Wheelchair Market Size & Outlook, 2023-2030
Colombia wheelchair market, 2018-2030 (US$M)
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Colombia wheelchair market highlights
- The Colombia wheelchair market generated a revenue of USD 32.3 million in 2023 and is expected to reach USD 47.3 million by 2030.
- The Colombia 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 32.3 million |
| Market revenue in 2030 | USD 47.3 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, Colombia accounted for 0.6% 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 61.3% in 2023. Horizon Databook has segmented the Colombia wheelchair market based on manual, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Colombia accounted for 8.8% of the Latin America wheelchair market in 2021. According to the statistics of World Data Atlas 2021, population aged 65 years and above for Colombia was 9.4%.
The large population can create major opportunities for market players. Improving healthcare expenditure of the country is expected to augment the market over the forecast period.
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Wheelchair Market Scope
Wheelchair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Colombia wheelchair market size, by product, 2018-2030 (US$M)
Colombia Wheelchair Market Outlook Share, 2023 & 2030 (US$M)
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