North America Wheelchair Market (By Product: Manual, Electric; By Category Type: Adult, Pediatric; By Application) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The North America wheelchair market was valued at USD 1.74 billion in 2022 and it is predicted to surpass around USD 3.47 billion by 2032 with a CAGR of 7.16% from 2023 to 2032.

Key Pointers

• The manual product segment dominated the market with a revenue share of more than 61.13% in 2022.
• The electric product segment is anticipated to witness a lucrative growth rate of over 6.84% from 2023 to 2030.
• The adult category type segment dominated the market with the largest revenue share of over 69.17% in 2022.
• The rehabilitation centers application segment led the market in 2022 with the largest revenue share of more than 34.21%.
• The hospitals application segment is anticipated to witness the fastest growth rate of more than 7.74% over the forecast period.
• The U.S. dominated the market and accounted for the largest revenue share of 90.96% in 2022.

The growing geriatric population in the U.S., which requires long-term care, the availability of technologically improved products, and the rising demand for home healthcare services and staff are factors driving the industry. The COVID-19 pandemic has interrupted and impacted the wheelchair manufacturing companies’ operations and businesses and may continue further, due to government-imposed mandated closures, work-from-home orders, and social distancing guidelines, as well as voluntary facility closures. The government’s policy regarding the COVID-19 pandemic is still adapting and evolving.

As a result, the countries where the products are manufactured and distributed are still subject to changing regulations. These issues may be faced by suppliers and consumers, resulting in continuing supply chain disruption and reduced customer demand. The growing geriatric population, the high prevalence of impairment among people of various age groups, and the need for assistance and care are expected to drive the market. According to the U.S. census bureau, the overall population of the country would increase by 400 million by 2050.

By 2030, the government estimates that more than 20% of the U.S. population would consist of individuals aged over 65 years, a 50% increase compared to the population in 2010. Mobility-related impairment is the third most common ailment in Canada, implying that the market for wheelchairs and assisted mobility equipment is projected to expand. The Assistive Devices Program, which operates in cities, such as Ontario, assists with the cost of manual wheelchairs, power wheelchairs, and power scooters. 75% of the cost of mobility aids is covered under this program, and the rest 25% is paid by the consumer.

The Canadian market is expected to grow due to technological advancements, the rising cases of disability, and government initiatives for assistive devices. The market is also driven by the rising obesity among people in the U.S. According to the statistic of Statista, around 29% of those aged 65 and older in the U.S. were obese in 2020. Obesity, which impairs the musculoskeletal system, is one of the primary reasons for handicapped mobility. To meet this need, major manufacturers, such as Invacare, Sunrise Medical, and Carex, offer a variety of heavy-duty bariatric wheelchairs.

North America Wheelchair Market Segmentations: