India wheelchair market
stood at USD188.13 million in 2022 and is expected to grow at a CAGR of 7.87% during
the forecast period. This can be attributed to growing at a robust rate during
the forecast years. The Wheelchair market is driven by the growing geriatric
population dependent on wheelchairs. Additionally, the prevalence of diseases
among the youth due to their everyday lifestyles is a major factor that drives
this segmental growth. Furthermore, advancements in the basic wheelchairs and
making them more equipped with technology and adding more comfort, are the
major drivers that increase the production of more newly launched wheelchairs
in India. This, in turn, is anticipated to positively impact the market growth.
Furthermore, wheelchair
manufacturers are moving beyond the basic Manual wheelchairs. They are coming
up with new models to aid the user and make things easier for him/her to move
around easily and independently. New advanced technology is used to develop the
easiest handling and cost-effective wheelchairs for the users and also leads to
enhancing the growth of the wheelchair market.
Advancement in
Wheelchairs Drives Market Growth
Continuous updates in
the wheelchair physiology along with the technological advancements in the
wheelchair are providing the wheelchair with its utmost reliable features for
the users. The inclusion of updated features like eye sensor controls,
functioning controls with AI automation or finger touch controlling, and
upgrades in customization such as adding more comfort by cushioning, extra
support for posture control, and pressure reliever points, adding these
features are making Wheelchairs the priority or viable option for the users or
patient. This implies ensuring more dependency and safety to the user, thus
increasing the market demand. Newer Wheelchairs include features such as fewer
manual handling controls, fewer attendant requirements, controlled movements,
and full automation or semi-automation.
Rising Disease
Prevalence Among the Elderly to Drive the Market
The increase of disease
prevalence among the growing elderly geriatric population is a measure that is
expanding the Wheelchair demand. The increase in wheelchair dependency for old
age people is directly related to their comfort and independence for carrying
their everyday lifestyle nowadays. The rising frequency of chronic diseases
among people around the world has boosted user reliance and demand for
wheelchairs. The wheelchair demand is also considered among the old age people
to continue their everyday chores smoothly with utmost comfort as well as the
wheelchair is used to aid them throughout their clinical checkups and routines
with utmost comfort for locomotion, thus expanding their market demand.
Increasing Disability in
India Demands the Wheelchair Market
According to the WHO reports, there is an
increase in the disability ratio observed in India. The ministry of social
justice and the empowerment of the Government of India aid the empowerment of
people with disabilities of all kinds, such as hearing, visual, speech,
locomotive and mental disability, thereby providing them with respective
supportive medical devices and assistance. Thus, the growth in the disability
ratio is automatically shifting the demand toward the India wheelchair market.
Also, there are various
government policies launched there to provide wheelchairs to patients with
locomotive disabilities. Nowadays, according to the government observed trend,
either the government provides the wheelchairs or, in many cases, provides
funds to the patients to buy the desirable wheelchairs. Thus, enhancing the
patient's market reach and at the same time expanding the wheelchair market
demand.
Inclusion of Wheelchairs
in the Sports Community Supports Market Growth
India’s
differently-abled athletes had recently yielded many medals in the recent
Olympics in Tokyo. People become more hopeful and reliant on wheelchairs after
seeing differently-abled athletes using them and winning in various sports.
This usage of wheelchairs in distinct sports brings more reliance and trust to
the differently-abled people, thus gaining more traction toward the wheelchair
market. Also, along with the user’s choice, many governments and public sports
authorities are organizing sports campaigns like wheelchair basketball,
wheelchair weightlifting and including and enhancing the reliance of the
differently-abled people on wheelchair usage and, thereby, boosting the India
wheelchair market in the future.
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Market Segmentation
The India wheelchair
market is segmented based on type of product, application, end user, category,
and regional distribution. Based on the type of product, the market can be
split into manual and powered. Based on application, the market can be divided
into institutional and personal. Based on institutional type, the market is
divided into hospitals & clinics, rehabilitation centers, and others. In
terms of end user category type, the market can be categorized into adult and
pediatric. Based on the distribution channel type, the market can be fragmented
into retail and non-retail.
Company Profiles
Karma
Healthcare Limited, OttoBock Healthcare India Pvt. Ltd, Vissco Rehabilitation
Pvt. Ltd, Ostrich Mobility Instruments Pvt. Ltd, Pride Mobility Products Corp,
Forza Medi (India Pvt. Ltd, Stryker India Pvt. Ltd (Stryker Corporation),
NeoBolt, Silverline Meditech Pvt. Ltd. are among the major market players in
the Indian platform that lead the market growth of the India wheelchair market.
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Attribute
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Details
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Market Size Value
in FY2022
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USD188.13 Million
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Revenue Forecast in FY2028
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USD296.89
Million
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Growth Rate
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7.87%
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Base Year
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2022
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Historical Years
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2018 – 2022
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Estimated Year
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2023
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Forecast Period
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2023 – 2028
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Quantitative Units
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Revenue
in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast,
company share, competitive landscape, growth factors, and trends
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Segments Covered
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·
Product Type
·
Application
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Category
·
Distribution Channel
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Regional Scope
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South; West; North; East.
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Key Companies Profiled
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Vissco
Rehabilitation Aids Private Limited, Karma Healthcare Limited, Ostrich
Mobility Instruments Private Limited, OttoBock Healthcare India Private Limited,
Forza Medi (India) Pvt. Ltd, Stryker India Private Ltd, Silverline Meditech
Pvt. Ltd., MediMove India Mobility LLP, MEDIVA Healthcare Private
Limited, Pride Mobility Products Corp.
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Customization Scope
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10% free report
customization with purchase. Addition or alteration to country, regional
& segment scope.
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Pricing and Purchase Options
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Avail
customized purchase options to meet your exact research needs. Explore
purchase options
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Delivery Format
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PDF and Excel through Email (We can
also provide the editable version of the report in PPT/pdf format on special
request)
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Report Scope:
In this report, India Wheelchair
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- India Wheelchair Market, By Product:
- India Wheelchair
Market,
By Application Type:
- Institutional
- Hospital & Clinics
- Rehabilitation Centers
- Others
- Personal
- India Wheelchair Market,
By Category:
- India Wheelchair Market,
By Distribution channel:
- India Wheelchair Market, By Region:
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India wheelchair market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).