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Electric Wheelchair Market Share

Report ID: GMI11681
Published Date: Oct 2024
Report Format: PDF

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Electric Wheelchair Market Share

Electric Wheelchair Company Market Share Analysis, 2023

Permobil, Invacare Corp, Pride Mobility Products, Karman Healthcare, Levo AG, Meyra Gmbh, Ottobock, and Sunrise Medical collectively held a substantial market share of 28% in the market in 2023. Permobil has emerged as a leader by consistently investing in research and development to introduce cutting-edge solutions, such as smart electric wheelchairs with advanced control systems, pressure-relief features, and customizability. Their focus on personalized mobility solutions, combined with strong after-sales support and a wide distribution network, provides them with a competitive edge. Invacare Corporation is another dominant player in the market, offering a wide range of electric wheelchairs designed for various user needs, from everyday mobility aids to specialized medical applications. Invacare's reputation for durable, reliable, and affordable products makes them a popular choice among hospitals, rehabilitation centers, and individual users.

Electric Wheelchair Market Companies

Major players operating in the electric wheelchair industry are:

GF HEALTH PRODUCTS
Golden Technologies
Invacare Corp
Karman Healthcare
Kymco Healthcare
Levo AG
Meyra
Ottobock
Permobil
Pride Mobility Products Ltd
Sunrise Medical

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The industry was valued at USD 3.9 billion in 2023 and is projected to grow at a CAGR of 11.5% between 2024 and 2032, driven by the global aging population.

The rear-wheel drive segment accounted for over 35% of the market share in 2023 and is expected to exceed USD 3.5 billion by 2032 due to its superior stability and traction, making it ideal for both indoor and outdoor use.

In 2023, the U.S. accounted for over 90% of the North American market, driven by its advanced healthcare infrastructure, large aging population, and higher disposable incomes.

Key players in the sector include GF HEALTH PRODUCTS, Golden Technologies, Invacare Corp, Karman Healthcare, Kymco Healthcare, Levo AG, Meyra, Ottobock, and Permobil.