Published by Persistence MarketResearch
Posted on October 4, 2021
6 min readLast updated: January 31, 2026
The Wheelchairs Market is set to reach $11Bn by 2030, driven by tech innovations and increased healthcare needs, despite COVID-19 impacts.
The Wheelchairs and Components Market is expected to reach US$ 11 Bn at a CAGR of 3.8% from 2020 to 2030. Tech-driven innovation is the trend that the healthcare vertical would be resting on in the forecast period. With precision medicine being the focal point, extensive research is being carried out in every arm of the healthcare vertical. The status quo is expected to stay unchanged even in the forecast period.
Recent developments in research areas such as computer science, robotics, artificial intelligence, and sensor technology are broadening the range of possible applications that support disabled people. Powered wheelchairs extend the capabilities of standard power wheelchairs by introducing control and navigational intelligence.
Different techniques have been proposed for permitting impaired people, including a quadriplegics, to control mechanized wheelchairs, which include eye development, hand motion, cerebrum-based controlled frameworks, EEG-based frameworks, and so on. Manufacturers are continuously working toward introducing technologically-advanced wheelchairs into the market.
Country level Covid-19 outbreaks in big economies impacted the sales of wheelchairs and components negatively owing to lockdowns and reduced healthcare center visits. Lockdowns also led to slowing down of manufacturing activities, creating a gap in demand and supply. However, the market is expected to get back to its normal growth trajectory in 2021.
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Companies covered in Wheelchair And Components Market Report
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As per revised analysis by Persistence Market Research due to the ongoing COVID-19 pandemic, the global wheelchair and components market is estimated to be valued at US$ 11 Bn in 2020, with the market expected to exhibit a CAGR of almost 4% over the forecast period (2020-2030).
Key Takeaways from Market Study
“Increasing prevalence of spinal cord injuries and related disabilities, along with increased government support and funding for wheelchairs, is expected to drive market growth over the coming years,” says a Persistence Market Research analyst.
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Key Players Entering into Collaboration, Partnerships, and Acquisitions
Top players in the wheelchair and components market are focusing on acquisitions at regional levels. The key strategy adopted by these manufacturers in order to remain competitive and establish a strong position is to identify potential small players in the market and acquire them.
Thus, such efforts by manufacturers to sustain a powerful position in the market are expected to result in new product launches and greater regional coverage, which will lead to substantial market growth in future.
Key Participant Insights
The global wheelchair and components market is set to expand its scope during the forecast period, with rapid technological advancements and increasing prevalence of spinal cord injuries and related disabilities being factors that support market growth. Additionally, increasing market consolidation activities by key players will also have a significant positive impact on this industry. Advancements and developments in emerging countries such as China and India promise lucrative growth in these countries.
What else is in the report?
Persistence Market Research brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global wheelchair and components market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the basis of product (wheelchairs and wheelchair components), modality (standard transport wheelchairs, self-propelled wheelchairs, sports wheelchairs, standing wheelchairs, recliners wheelchairs, bariatric wheelchairs, and lightweight wheelchairs), and distribution channel (institutional sales and retail sales), across seven major regions of the world.
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The post The Next 10 Years To Leave Wheelchairs and Components Market In Innovative Splits (US$ 11 Bn) appeared first on Lake Shore Gazette.
The article discusses the growth and innovation in the Wheelchairs and Components Market, projected to reach $11Bn by 2030.
How has COVID-19 impacted the Wheelchairs Market? The pandemic initially slowed sales, but recovery is expected by 2021.
What regions are expected to see growth? The U.S., Germany, China, and India are projected to experience significant market growth.
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