by The electric wheelchair market in Australia has been growing considerably over the past decade. Electric wheelchairs are specially designed chairs equipped with a rechargeable battery and small electric motor that allows mobility to people with disabilities or reduced mobility. Some key advantages of electric wheelchairs include improved comfort, powered mobility, and ease of use.
Electric wheelchairs provide independent mobility to physically disabled people and allow them to overcome physical barriers and perform day-to-day activities with more convenience. The rising prevalence of physical disabilities such as spinal cord injuries, multiple sclerosis, cerebral palsy among others has propelled the demand for electric wheelchairs across 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 players are focusing on new product launches and expansion of their manufacturing facilities to strengthen their presence. The growing incidence of road accidents and geriatric population are providing considerable growth opportunities in the Australia electric wheelchair market. With rising awareness, many elderly people are opting for electric wheelchairs for independent mobility. Growing accessibility standards and government provisions for physically disabled are facilitating the global expansion of the Australia electric wheelchair market.
Market Drivers
Rising healthcare expenditure by the Australian government is a key driver for the electric wheelchair market. The government is focusing on developing assistive devices and aids to improve the quality of life of physically disabled people. This has positively impacted the adoption of electric wheelchairs. Various healthcare reforms and initiatives for disabled people have encouraged manufacturing and availability of electric wheelchairs across Australia.
PEST Analysis
Political: Government initiatives to promote the use of assistive devices and accessibility, tax benefits and subsidies for electric wheelchairs help drive growth.
Economic: Rising disposable income and economic growth coupled with growing focus on healthcare boosts investments in electric wheelchairs.
Social: Increasing focus on healthcare and aging-in-place helps address needs of elderly and disabled in society, leading to high demand.
Technological: Advancements in lithium-ion batteries, digital controls and networking allow lightweight, powerful yet affordable and easy-to-use electric wheelchairs.
The Australian electric wheelchair market is highly concentrated in major urban centers of Melbourne, Sydney and other state capitals due to higher population density, well-developed infrastructure and greater awareness. These cities together account for over 60% of the total market value due to larger consumer base and healthcare spending.
The electric wheelchair market in Australia is growing fastest in regional and remote areas. Government schemes to promote independent living in rural towns as well as availability of funding for assistive equipment are helping address the needs of aging population in these underserved regions. Technology improvements enabling connectivity and remote monitoring also support independent living away from cities. This is expected to drive strong doubledigit growth in rural electric wheelchair market over the coming years.
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
About Author - Money Singh
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, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile