Spain Wheelchair Market Size & Outlook, 2023-2030
Spain wheelchair market, 2018-2030 (US$M)
Related Markets
Spain wheelchair market highlights
- The Spain wheelchair market generated a revenue of USD 135.7 million in 2023 and is expected to reach USD 217.9 million by 2030.
- The Spain market is expected to grow at a CAGR of 7% 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 135.7 million |
| Market revenue in 2030 | USD 217.9 million |
| Growth rate | 7% (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, Spain accounted for 2.6% 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 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 61.16% in 2023. Horizon Databook has segmented the Spain wheelchair market based on manual, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Spain accounted for 8.3% of the Europe wheelchair market in 2021. According to the report published on Spanish Confederation of People with Physical and Organic Disabilities 2019, 2.5 million people with physical disabilities living in the country and more than 1.8 million of them need help to leave their homes.
This large population can create major opportunities for players in the wheelchair market. Improving healthcare expenditure of the country can augment the market over the forecast period. For instance, according to the World Bank, healthcare expenditure of Spain went from 8.95% of the GDP in 2016 to 8.98% in 2018.
In addition, rise in awareness about advanced mobility devices, increase in healthcare expenditure, high disposable income, and favorable government initiatives aimed at improving life of disabled people are some factors expected to propel market growth during forecast period.
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Wheelchair Market Scope
Wheelchair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain wheelchair market size, by product, 2018-2030 (US$M)
Spain Wheelchair Market Outlook Share, 2023 & 2030 (US$M)
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