The wheelchair market is expected to reach $7.5 billion by 2024, growing at a CAGR of 7.2% between 2019 and 2024. Key drivers of market growth include the rising elderly population, increasing rates of spinal cord injuries, and obesity. The market is segmented based on product type, category, function, end use, and region. Top companies in the industry are Invacare Corporation, Pride Mobility Products Corporation, Sunrise Medical Limited, OttoBock Healthcare GmbH, and Permobil AB. Emerging trends include greater adoption of power-assisted devices and development of hybrid concept wheelchairs.

1. Wheelchair Market Report 2019-2024: Trends,
Forecast and Competitive Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by Product Manual and power wheelchair
Market Segments by Category Adult and pediatric wheelchair
Market Segments by Function Basic, sports, bariatric, standing wheelchair, and others
Market Segments by End Use Homecare and healthcare institution and others
Market Segments by Region North America, Europe, Asia Pacific and Rest of the World.
Top Companies Name
Invacare Corporation, Pride Mobility Products Corporation, Sunrise Medical
Limited, OttoBock Healthcare GmbH,Permobil AB and others.
Trend Growth Rate and CAGR 7.2%
Key Industry Forecast
The wheelchair market is expected to reach an estimated $7.5 billion by
2024 with a CAGR of 7.2% from 2019 to 2024
Key Industry Driver
Driver: Growing elderly population, rising spinal cord injuries, and increasing
obesity rate.
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3. Industry Overview
Market Size
• The wheelchair market is expected to
reach an estimated $7.5 billion by 2024 with
a CAGR of 7.2% from 2019 to 2024.
• Emerging trends, which have a direct impact
on the dynamics of the wheel chair industry,
include increase adoption of power assistance
device and development of hybrid concept
wheelchair.
Market Size (2024) $7.5 billion
CAGR (2019-24) 7.2%
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Industry Performance : Forecast