Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 50.23 million

CAGR (2023-2028)

6.21%

Fastest Growing Segment

Manual Wheelchair

Largest Market

Central Vietnam

Vietnam Wheelchair Market is expected to grow at an impressive rate during the forecast period 2024-2028. The major factors include the rising prevalence of spinal cord injuries and rising geriatric population.

A wheelchair is a personal or automatic device, designed for use by individuals with mobility impairment. It is mainly used for both internal and external locomotion. Rising life expectancy and adult population around the country is one of the main factors that will contribute to the market growth.

Additionally, the prevalence of various diseases among the youth due to their everyday lifestyle is a major factor that drives this segmental growth. The number of road accidents is increasing, leading to issues related with spinal cord and bone fracture. Furthermore, advancements in basic wheelchairs and making them more equipped with technology and comfort are the major drivers that increase the production of more newly launched wheelchairs in Vietnam. This, in turn, is anticipated to positively impact the market growth.

In addition, wheelchair manufacturers are moving beyond basic manual wheelchairs. They are coming up with new models to aid the user and make things easier to move around easily and independently. New advanced technology like power wheelchair with enhanced control system, exoskeleton and robotic assisted wheelchair is used to develop the easiest handling and cost-effective wheelchairs for the users and it leads to enhance the growth of wheelchair market.

Technology Advancement in Wheelchair Industry Driving the Market Growth

The ever-increasing integration of automation into health care equipment, especially portable, and light-weight wheelchairs is a parameter of impact, aimed at supporting market growth. Wheelchairs today are integrated with seamless circuits, guide sensors, steering wheel, and a few controls to make the trip easier and smoother for patients. The introduction of battery-powered electric wheelchairs is helping the users at a better level. In line with the development of wheelchair, many companies offer new features that can keep and connect the device with a patient's health history. These includes features such as emergency call alarms and monitoring their health with vital signs. Invacare AVIVA FX Power Wheelchair is a front wheel drive power wheelchair and the first entry under the AVIVA family name. It helps to make short work of curbs, slopes, and uneven areas while keeping the user in control and comfortable.

Rising Cases of Road Accidents

Road accident-related deaths in Viet Nam has been decreasing over the recent years. This is due to non-use of helmet and driving under the influence of alcohol. The issuance of the National plan for awareness raising of drink-driving law, 2015 – 2020 were enforced, which outlined specific actions to curb the problem of drink-driving in the country which further demonstrated the government’s long-term commitment in effectively managing road safety. According to the latest WHO data published in 2020 Road Traffic Accidents Deaths in Viet Nam reached 29,475 or 4.30% of total deaths. Therefore, WHO Vietnam has supported the development of key policies addressing risk factors, such as non-use of helmets among children, as well as drink-driving policy enforcement. According to the National Committee for Traffic Safety, in the first eight months of 2022, there were more than 4,270 traffic fatalities, an increase of 8.67% from the same time in 2017.