Market revenue in 2023 | USD 1,799.4 million |
Market revenue in 2030 | USD 2,906.3 million |
Growth rate | 7.1% (CAGR from 2023 to 2030) |
Largest segment | Manual |
Fastest growing segment | Manual |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 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 |
Manual was the largest segment with a revenue share of 61.18% in 2023. Horizon Databook has segmented the North America wheelchair market based on manual, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Growing geriatric population in developed economies, such as the U.S. and Canada, is expected to drive the regional market during the forecast period. Changes in North America’s sociodemographic structure are likely to further impel demand for mobility aids.
Increase in the number of disabled individuals participating in the workforce, growing incidence of birth defects & disabilities in children, and introduction of disability laws to enable especially abled individuals have a normal lifestyle & social status are some of the additional factors expected to drive the wheelchair market in North America.
In the U.S., the government has initiated many programs to support individuals living with disability, and this will propel market growth. In 2020, North America accounted for 40.9% of the total sales globally for Invacare, which exhibits growth potential of the region.
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