Power Wheelchair Segment Is The Largest Segment Driving The Growth Of Electric Wheelchair Market
Electric Wheelchair Market The global Electric Wheelchair Market is estimated to be valued at US$ 7.83 Bn or Billion in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Electric wheelchairs are medical equipment that helps people with limited mobility. They are powered and controlled by a battery, allowing users to move independently. Electric wheelchairs offer advantages like maneuverability, easy availability, and improved quality of life. Market key trends: One of the key trends driving the electric wheelchair market is growing geriatric population prone to age-related disabilities. As per United Nations, the global population aged 60 years and above is expected to double from 12% to 22% between 2015 and 2050. Older population is more susceptible to mobility issues requiring assistive devices like electric wheelchairs. Another trend is increased investme...