APAC Wheelchair Market

APAC Wheelchair Market Size (2023 to 2028)

The APAC Wheelchair Market was worth USD 1100.08 million in 2023 and is estimated to grow at a CAGR of 8.84%, reaching USD 1680.23 million by 2028.

The growing aging population in the Asia-Pacific region is anticipated to increase the demand for more wheelchairs and boost regional market growth. The aging population is growing rapidly and faster than all the other regions of the world. As per the statistics provided by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), 60% of the people aged above 60 years worldwide are residing in the Asia-pacific region. The number of people above 60 years of age in Asia-Pacific is anticipated to grow to 1.3 billion by 2050. People who are aged too much require to have assistance with mobility that a wheelchair can provide. Likewise, the demand for wheelchairs is growing in the APAC region.

The increasing number of people suffering from various disabilities is another key factor propelling the wheelchair market growth in APAC. The demand for wheelchairs is further driven by the growing patient count suffering from chronic diseases and the increased survival rate of people who survived serious injuries. In addition, people suffering from disabilities require assistance with mobility, boosting the demand for wheelchairs and driving regional market growth.

Increasing support from the governments of APAC countries is further expected to fuel the wheelchair market growth in APAC. Some governments in this region are providing financial assistance to purchase wheelchairs for people who need them, accelerating the sales of wheelchairs. In addition, the rapid adoption of technological developments to manufacture wheelchairs that are lighter, durable, and user-friendly is further estimated to promote market growth in the Asia-Pacific region.

However, the availability of alternatives such as walking aids, hand bikes, and others is one of the major obstacles to market growth in the APAC market. High costs associated with advanced wheelchairs such as electric wheelchairs and poor awareness and accessibility of wheelchairs to people living in the rural areas of APAC countries, and infrastructure issues in some countries of APAC are further expected to showcase negative impact on the growth of the APAC wheelchair market.

This research report on the APAC wheelchair market has been segmented and sub-segmented into the following categories:

By Product:

• Manual
• Electric

By Category:

• Adults
• Pediatric

By Application:

• Homecare
• Hospitals
• Ambulatory Surgical Centers
• Rehabilitation Centers

By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand, Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

The APAC region is anticipated to showcase significant growth during the forecast period. APAC holds the majority of the worldwide population. India and China are largely populated countries with an increased need for wheelchairs due to the growing aging population. APAC has been experiencing consistent developments in the healthcare infrastructure, which is expected to favor market growth in the Asia-Pacific. In addition, the increasing focus of governments of the APAC countries to provide aid to people who need wheelchairs is anticipated to propel regional market growth.

During the forecast period, the Indian market is estimated to hold a considerable share of the APAC market. Factors such as increasing support from the Indian government, a growing aging population, rising number of people suffering from various disabilities drive the Indian wheelchair market. In addition, the growing Indian economy has resulted in the increasing affordability of wheelchairs, which is expected to support the market growth in India.

China is another notable region for wheelchairs in the Asia-Pacific market. The demand for technologically well-advanced wheelchairs that are comfortable and easy to use is growing considerably in China, which is one of the factors driving the market growth in China.

The Japanese market is estimated to showcase a healthy CAGR in the APAC market in the coming years.

KEY MARKET PLAYERS:

Invacare Corporation, Carex Health Brands, Ottobock, Sunrise Medical Limited, Drive Medical Design & Manufacturing, Pride Mobility Products Corp., and GF Health Products, Inc. are a few prominent companies operating in the APAC wheelchair market.