India Wheelchair Market Size & Outlook, 2023-2030
India wheelchair market, 2018-2030 (US$M)
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India wheelchair market highlights
- The India wheelchair market generated a revenue of USD 175.9 million in 2023 and is expected to reach USD 327.7 million by 2030.
- The India market is expected to grow at a CAGR of 9.3% 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 175.9 million |
| Market revenue in 2030 | USD 327.7 million |
| Growth rate | 9.3% (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, India accounted for 3.4% 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 Asia Pacific, China wheelchair market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 327.7 million by 2030.
Manual was the largest segment with a revenue share of 61.17% in 2023. Horizon Databook has segmented the India wheelchair market based on manual, electric covering the revenue growth of each sub-segment from 2018 to 2030.
India’s wheelchair market is being driven by the growing demand for a safe and easy way to move patients in hospitals & homecare settings. Improvements in healthcare facilities, combined with a large elderly population, are major reasons expected to boost market growth.
According to the Ministry of Road Transport and Highways of the Government of India, 500,000 road accidents resulted in approximately 146,000 deaths. Also, rising cases of accidental injuries can be attributed for the market growth in India. For instance, over 1200 road accidents occur every day in India.
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Wheelchair Market Scope
Wheelchair Market Companies
| Name | Profile | # Employees | HQ | Website |
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India wheelchair market size, by product, 2018-2030 (US$M)
India Wheelchair Market Outlook Share, 2023 & 2030 (US$M)
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