Italy Wheelchair Market Size & Outlook, 2023-2030
Italy wheelchair market, 2018-2030 (US$M)
Related Markets
Italy wheelchair market highlights
- The Italy wheelchair market generated a revenue of USD 75.0 million in 2023 and is expected to reach USD 121.2 million by 2030.
- The Italy market is expected to grow at a CAGR of 7.1% 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 75.0 million |
| Market revenue in 2030 | USD 121.2 million |
| Growth rate | 7.1% (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, Italy accounted for 1.5% 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 Europe, Germany wheelchair market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 367.7 million by 2030.
Manual was the largest segment with a revenue share of 61.2% in 2023. Horizon Databook has segmented the Italy wheelchair market based on manual, electric covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Bank, the healthcare expenditure in Italy was 8.67% of the GDP in 2018. Increase in the manufacturing volume of medical devices and decline in the cost of components leading to in-house development of cost efficient and technologically updated devices in the country are factors anticipated to drive market growth.
In addition, rising R&D is expected to boost market growth. In 2016, the Italian Parliament approved a law, known as “Dopo di Noi” (After Us), for disabled people. The law creates a fund to support and assist disabled individuals. Such initiatives undertaken by the government is expected to increase the market of wheelchairs in the country
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Wheelchair Market Scope
Wheelchair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy wheelchair market size, by product, 2018-2030 (US$M)
Italy Wheelchair Market Outlook Share, 2023 & 2030 (US$M)
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