Mexico Wheelchair Market Size & Outlook, 2023-2030
Mexico wheelchair market, 2018-2030 (US$M)
Related Markets
Mexico wheelchair market highlights
- The Mexico wheelchair market generated a revenue of USD 70.4 million in 2023 and is expected to reach USD 108.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.3% 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 70.4 million |
| Market revenue in 2030 | USD 108.2 million |
| Growth rate | 6.3% (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, Mexico accounted for 1.4% 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 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 61.22% in 2023. Horizon Databook has segmented the Mexico wheelchair market based on manual, electric covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing geriatric population and growing number of physically challenged people are likely to propel the wheelchair market. According to the Mexican National Institute of Statistics and Geography (INEGI), 5,739,210 people in Mexico are suffering from some form of disability.
In Mexico, adults aged 60 years and older will almost triple, from 6.3% of total population in 2010 to almost 23% by 2050. For instance, according to the world bank, 7.4% of the population of Mexico was aged 65 or above in 2019. Rising number of people with disability across the country is also boosting the demand.
For instance, over 7.5% population of Mexico suffer from disability. Also, rising cases of accidental injuries can be attributed for the market growth in Mexico. For instance, over 16,000 people are killed in road accidents in Mexico every year.
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Wheelchair Market Scope
Wheelchair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico wheelchair market size, by product, 2018-2030 (US$M)
Mexico Wheelchair Market Outlook Share, 2023 & 2030 (US$M)
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