Market revenue in 2023 | USD 1,639.2 million |
Market revenue in 2030 | USD 2,671.8 million |
Growth rate | 7.2% (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 |
Manual was the largest segment with a revenue share of 61.18% in 2023. Horizon Databook has segmented the U.S. wheelchair market based on manual, electric covering the revenue growth of each sub-segment from 2018 to 2030.
According to CDC, over 61 million individuals in the country live with disability, with the highest percentage in South U.S. More than 13.7% of the total disabled population has mobility difficulty, which indicates the market for wheelchairs will grow over the forecast period. Local presence of key players like Invacare, Notion ,Medline, and Carex Health is likely to further impel growth of this market.
The U.S. is the most lucrative market globally for any business, therefore, many mergers and acquisitions can be witnessed by leading wheelchair manufacturers, to expand their presence in the country. For instance, in June 2020, GF Health Products, Inc. announced that it acquired Gendron Inc, a leading designer and manufacturers of mobile patient management systems.
This acquisition will assist the company in expanding its operations in the U.S. In February 2020, Notion announced strategic partnership with NOW Technologies, a company that designs next-generation power wheelchair control systems. Notion became the first U.S. distributor for the company’s full line of next-generation power wheelchair control systems through this partnership.
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