Lightweight Electric Folding Wheelchair Market

Lightweight Electric Folding Wheelchair Market Size Survey Report – In a Glance

As per the survey report on global Lightweight Electric Folding Wheelchair market, the market is projected to foresee a CAGR of CAGR value 10.5% between 2024-2033, and further generate a market size of USD 12.7 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 5.3 billion revenue.

• The global Lightweight Electric Folding Wheelchair market is projected to grow on account of the growing aging population.
• In Japan, the Lightweight Electric Folding Wheelchair market growth can be attributed to the rising prevalence of mobility impairments.
• KDMI analyst’s growth analysis foresees lack of awareness to challenge the market growth.
• North America, having the highest market share in the Lightweight Electric Folding Wheelchair market, is projected to dominate the global market.

Lightweight Electric Folding Wheelchair Market Analysis

A lightweight electric folding wheelchair is a type of foldable and movable chair that is engineered in such a way that it conveniently fits in any storage space and is backed by a rechargeable battery, offering smooth and easy movements to the user. The lightweight electric folding wheelchair market is fueling currently due to the spike in the older demographic as it is highly ideal for the aging population due to its effortless movement qualities. As per WHO (World Health Organization) findings, the number of people aged 60 years and older had overtaken the number of children younger than 5 years of age, in 2020. In addition, it was estimated that the fraction of the total global population over 60 years will nearly double from 12% to 22%, between 2015 and 2050. Pride Mobility Products Corp, MobilityPlus Wheelchairs Ltd, Falcon Mobility are some of the significant parties in the global market for Lightweight Electric Folding Wheelchair.

Analyst’s Observation on Japan Lightweight Electric Folding Wheelchair Market Survey

In Japan, the market growth for Lightweight Electric Folding Wheelchair can be attributed to the rising prevalence of mobility impairments. As indicated by the surveys for three categories of disabilities conducted by the Ministry of Health, Labour, and Welfare, the estimated count of persons (including children) with physical disabilities is 4,360,000, persons (including children) with intellectual disabilities is 1,094,000, and persons with mental disorders is 6,148,000. When these numbears are modified into rates per thousand persons in the general population, the number of persons with physical disabilities is 34, that of persons with intellectual disabilities is 9 and that of persons with mental disorders is 49. Additionally, the number of persons with disabilities is amplifying in all three groups. Permobil Corporation, Sunrise Medical, Ottoback are some of the significant parties in the market for Lightweight Electric Folding Wheelchair in Japan.

Lightweight Electric Folding Wheelchair Market Growth Driver and Challenges

Growth Driver

Technological advancement:

Cutting-edge innovations like sleek frames, rechargeable battery systems, sophisticated control mechanisms, artificial intelligence, intelligent sensors, remote operations, usage of mobile applications, and control systems make electric folding wheelchairs more safe, protected, user-friendly, and alluring, transforming the lightweight electric folding wheelchair market positively. Data from the National Health Interview Survey states that around 58.5% of adults used the internet during July–December 2022, to search for health or medical information, with an elevated rate recorded among women compared to men. This supports the fact that leading-edge technological developments are driving the market higher.

Restraint

Lack of awareness:

Limited awareness about the revolutionary innovation and development of the lightweight electric folding wheelchair obstructs its market progress. It was found that less than 15% of individuals from the needy people group use a wheelchair in the global platform due to unawareness among the end-users and the service providers, hindering the development of the market.

Lightweight Electric Folding Wheelchair Market Segmentation

Our experts at KD Market Insights have segmented the global Lightweight Electric Folding Wheelchair market research report as:

Lightweight Electric Folding Wheelchair Market Regional Synopsis

The North America is having the highest market share in Lightweight Electric Folding Wheelchair market and is majorly driven by the escalating senior population, high-tech healthcare facilities, growing number of old age homes, surging incidents of disability, and increased government initiatives to contribute in the development of electric wheelchairs are supposed to fuel the growth of the market. The U.S. and Canada are the evolving countries in the North American region.

The Asia Pacific region is expected to grow fastest in this market during the forecast period. The, growing disposable income in the middle-class sector, accelerated developments and advancements and growing geriatric group members are contributing to the progress of the market in Asia Pacific. India, China, Japan, and South Korea are the prominent developing countries in the Asia Pacific region.

As per our analysts at KD Market Insights, the following five players lead the North America Lightweight Electric Folding Wheelchair market growth:

• MobilityPlus Wheelchairs Ltd
• Falcon Mobility
• Eloflex
• EZ Lite Cruiser
• Forcemech International LLC

Lightweight Electric Folding Wheelchair Market Competitive Landscape

Some of the key players who top the global Lightweight Electric Folding Wheelchair market share:

• Pride Mobility Products Corp
• MobilityPlus Wheelchairs Ltd
• Falcon Mobility
• Eloflex
• EZ Lite Cruiser
• Forcemech International LLC
• OttoBock Healthcare GmbH
• Invacare Corporation
• Sunrise Medical
• Permobil AB

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Lightweight Electric Folding Wheelchair  Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Type
      2. By Application
      3. By End-user
      4. By Region
5. Market Segmentation by Type
   1. 1. Center Wheel Drive Chair
      2. Front Wheel Drive Chair
      3. Rear Wheel Drive Chair
6. Market Segmentation by Application
   1. 1. E-Commerce
      2. Offline
7. Market Segmentation by End-user
   1. 1. Consumer’s home
      2. Hospitals
      3. Clinics
      4. Care homes
8. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
      3. Market Analysis by Type, Application, and End-user
      4. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
   2. Market Analysis by Type, Application, and End-user
   3. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
      2. Market Analysis by Type, Application, and End-user
      3. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
      4. Market Analysis by Type, Application, and End-user France
         1. Market Size and Forecast
         2. Key Trends and Developments
      5. Market Analysis by Type, Application, and End-user
      6. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
      7. Market Analysis by Type, Application, and End-user
      8. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
      9. Market Analysis by Type, Application, and End-user
      10. Rest of Europe
          1. Market Size and Forecast
          2. Key Trends and Developments
   4. Market Analysis by Type, Application, and End-user
   5. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
      2. Market Analysis by Type, Application, and End-user
      3. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
      4. Market Analysis by Type, Application, and End-user
      5. India
         1. Market Size and Forecast
         2. Key Trends and Developments
      6. Market Analysis by Type, Application, and End-user
      7. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user South Korea
         4. Market Size and Forecast
         5. Key Trends and Developments
      8. Market Analysis by Type, Application, and End-user
      9. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
   6. Market Analysis by Type, Application, and End-user
   7. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
      2. Market Analysis by Type, Application, and End-user
      3. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
      4. Market Analysis by Type, Application, and End-user
      5. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
      6. Market Analysis by Type, Application, and End-user
      7. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
   8. Market Analysis by Type, Application, and End-user
   9. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
      2. Market Analysis by Type, Application, and End-user
      3. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
      4. Market Analysis by Type, Application, and End-user
      5. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
      6. Market Analysis by Type, Application, and End-user
      7. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
9. Market Analysis by Type, Application, and End-user
10. Competitive Landscape
    1. Market Share Analysis
    2. Company Profiles
    3. Medtronic (Ireland)
    4. IBM
    5. Apple Inc.
    6. Siemens Medical Solutions
    7. Pepperl+Fuchs
    8. Cisco
    9. GE Healthcare
11. Strategic Recommendations
12. Appendix
    1. List of Tables
    2. List of Figures
13. References