Non-magnetic Wheelchair Market To Reach $88.7 Million By 2030

Non-magnetic Wheelchair Market Growth & Trends

The global non-magnetic wheelchair market size is expected to reach USD 88.7 million by 2030 and display a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the growing geriatric population, increasing burden of physiological and neurological diseases, and adoption of advanced healthcare imaging technologies in developed and developing countries. Diseases such as multiple sclerosis (MS), Parkinson's disease (PD), amyotrophic lateral sclerosis (ALS), spinal cord injuries, and stroke lead to mobility impairments, which augments the need for wheelchairs. According to an article by the Multiple Sclerosis Association of America in May 2022, nearly 1 million people in the U.S. suffer from MS.

The growing geriatric population is expected to drive the demand for non-magnetic wheelchairs. According to OECD's report in 2021, the life expectancy in lower- and middle-income Asian countries has increased by six years from 2000, while upper-middle-income countries have recorded a growth of four years in life expectancy. Similarly, the WHO estimates that by 2050, nearly 2.1 billion people across countries will be aged over 60.

Growing adoption of screening modalities such as magnetic resonance imaging (MRI) across countries is expected to drive demand for wheelchairs. In addition, public-private partnership in the healthcare sector is expected to create favorable opportunities for the market players. For instance, in August 2023, the UK government aims to establish 160 diagnostic centers nationwide by 2025. The project cost is estimated at USD 2.93 billion.

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Non-magnetic Wheelchair Market Report Highlights

• North America dominated the market with a revenue share of 34.86% in 2023, attributed to the presence of advanced healthcare technologies, superior healthcare reimbursement policies, and a growing geriatric population susceptible to diseases

• With 47.75% of revenue share in 2023, the 100 kg to 150 kg patient weight category led the market

• Based on field strength, up to 3T segment dominated with a revenue share of 78.79% in 2023

• Hospitals end-use segment dominated with a revenue share of 51.49% in 2023. The dominant share is attributed to hospitals as they cater to a diverse patient population

Non-magnetic Wheelchair Market Segmentation

Grand View Research has segmented the global non-magnetic wheelchair market based on patient weight, magnetic field strength, end-use, and region:

Non-Magnetic Wheelchair Patient Weight Outlook (Revenue, USD Million, 2018 - 2030)

• Below 100 kg

• 100 kg to 150 kg

• Above 150 kg

Non-Magnetic Wheelchair Magnetic Field Strength Outlook (Revenue, USD Million, 2018 - 2030)

• Up to 3T

• Up to 7T

Non-Magnetic Wheelchair End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Outpatient Facilities

Non-Magnetic Wheelchair Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

• U.S.

• Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Sweden

  • Norway

  • Denmark

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

  • UAE

  • Kuwait

List of Key Players in the Non-magnetic Wheelchair Market

• GF Health Products, Inc.

• Magmedix Inc.

• MRIequip.com

• Newmatic Medical

• AliMed

• Innovative Products Unlimited, Inc.

• Nanning Hhao Technology Co., Ltd

• Matsunaga

• Hebei Webian Medical Instrument Co., Ltd

• Jiangsu Rooe Medical Technology Co., Ltd.