An electric wheelchair is a mobility device which is powered by a battery and controlled through a joystick or other electronic interface. They help disabled and aged people to move independently. The Australia electric wheelchair market is primarily driven by growing incidence of physical disabilities, rapid increase in geriatric population suffering from mobility issues, and rising awareness about the benefits of electric wheelchairs.
Electric wheelchairs offer advantages like enhanced indoor and outdoor maneuverability, ability to climb slopes and stairs with ease, long operational hours on a single charge, and reduced physical strain compared to manual wheelchairs. Considering these factors, the demand for high performance, yet affordable electric wheelchairs is increasing steadily in Australia.
Australia Electric Wheelchair Market is estimated to be valued at US$ 254.2 Mn in 2024 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the Australia electric wheelchair market are SUNRISE MEDICAL (US) LLC, KYMCO Healthcare, Invacare Corporation, Invacare Corporation, MEYRA GmbH, Permobil Inc., and Levo AG. These companies hold majority market share owing to their widespread distribution network and capability to offer customized electric wheelchairs as per consumer requirements.
Key opportunities in the Australia electric wheelchair market include development of innovative features like automatic balance control, obstacle detection, climb assist function, and integration of smartphone connectivity for remote operations. Such developments are expected to enhance flexibility, safety and convenience of use.
Major players are focusing on strategic expansion activities across Asia Pacific to tap opportunities in developing nations. For instance, in March 2020, Permobil acquired Comfort Company, a New Zealand based wheelchair manufacturer to strengthen its presence in Oceania region. Similarly, Invacare Corporation established a manufacturing base in China in 2015 to cater to the growing Chinese and other Asian markets more effectively.
Market drivers: Rising geriatric population suffering from limited mobility due to conditions like Parkinson's disease or arthritis is a major driver fueling demand for electric wheelchairs in Australia. As per a United Nations report, over 23% of Australia's population will be aged 65 years or above by 2050. Growing health awareness and initiatives by the government and non-profit organizations to promote mobility devices are also boosting the uptake of electric wheelchairs.
Market restraints: High costs associated with technologically advanced electric wheelchairs remains a key restraint hampering widespread adoption. Entry of low-cost Chinese imports may undermine sales of established Australian and global brands. Strict regulations for imports and service requirements also add to operational challenges. Lack of proper infrastructure in terms of ramps, elevators and dedicated pathways poses mobility issues for wheelchair users as well.
Segment Analysis
Australia electric wheelchair market is divided into rear wheel drive wheelchairs, front wheel drive wheelchairs, and standing electric wheelchairs. Among these, the rear wheel drive wheelchairs segment holds the largest market share owing to its widespread adoption for indoor use. Rear wheel drive wheelchairs allow excellent maneuverability and are affordable making them suitable for domestic use. Standing electric wheelchairs segment is expected to witness the fastest growth over the forecast period due to rising adoption of standing wheelchairs for therapeutic use and improving functionality. Standing electric wheelchairs help in improving circulation, reducing pressure sores, and enhancing independence of users.
Global Analysis
North America dominates the Australia electric wheelchair market and is estimated to continue its dominance during the forecast period. The growth in the region can be attributed to rising geriatric population, increasing incidence of mobility limitations, and growing awareness. Asia Pacific region is anticipated to witness the highest growth rate over the next few years. This is owing to increasing healthcare expenditure, growing sales of medical devices, rising standard of living, and expanding medical tourism industry. Growing initiatives by private and government organizations to provide better healthcare facilities boost the demand for electric wheelchairs in Asia Pacific region.
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Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
What Are The Key Data Covered In This Electric wheelchairs Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Electric wheelchairs's growth between 2024 and 2031.
:- Accurate calculation of the size of the Electric wheelchairs and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Electric wheelchairs Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Electric wheelchairs vendors
FAQ’s
Q.1 What are the main factors influencing the Electric wheelchairs?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Electric wheelchairs companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Electric wheelchairs’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
