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United Kingdom Electric Wheelchair Market Is Driven By Aging Population
The United Kingdom electric wheelchair market has witnessed significant growth over the past few years owing to the growing geriatric population coupled with increasing prevalence of disabilities. Electric wheelchairs provide independent mobility to people with mobility impairments, chronic disease, or temporary injuries. They are equipped with batteries, motors, and controls which allow the user to propel the chair in a variety of ways including levers, buttons, or joysticks.
The electric wheelchairs are also customized according to specific needs of users, for instance, some come fitted with oxygen cylinder holders or have rear bag facilities.
The United Kingdom electric wheelchair market is estimated to be valued at US$ 451.0 Mn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period from 2024-2031.
Key Takeaways
Key players operating in the United Kingdom electric wheelchair market includes SUNRISE MEDICAL (US) LLC, SOWECARE B.V, KYMCO Healthcare, MEYRA GmbH, Invacare Corporation, and Scewo. SUNRISE MEDICAL (US) LLC holds the dominant share in the United Kingdom electric wheelchair ...
... market due to its diverse product portfolio and widespread distribution network across the country.
The demand for electric wheelchairs is growing significantly owing to the increasing geriatric population suffering from age-associated disabilities, chronic diseases such as arthritis, and reduced mobility. According to the Office for National Statistics, the number of people over 65 is projected to rise by over 50% in the next two decades in the UK.
Moreover, manufacturers are focusing on expanding their presence globally to cater to the rising demand. For instance, in June 2022, MEYRA GmbH launched an upgraded version of E-Motion Ultra electric wheelchair in the UK market with improved dynamics and suspension for a smoother ride.
Market Drivers
The growing aging population is the major driver of the United Kingdom electric wheelchair market. As per the United Nations, by 2050 around 1 in 6 people in the UK will be over 65 year of age. The elderly population is more prone to limited mobility and disabilities which significantly boost the demand for assisted living equipment like electric wheelchairs. Moreover, initiatives undertaken by both public and private organizations to provide home healthcare are also augmenting the market growth.
Geopolitical Impact On The United Kingdom Electric Wheelchair Market
The electric wheelchair market in the United Kingdom has been affected by geopolitical developments in recent years. Brexit uncertainties since 2016 have slowed economic growth and consumer spending in the country. Consequently, demand for specialized medical equipment like electric wheelchairs has not grown as rapidly as expected. Manufacturers have had to grapple with delays in supply chains and distribution networks due to changing trade rules with the European Union. Customs inspections and VAT implications on imported components have pushed up production costs for electric wheelchairs. Going forward, market players need to proactively address potential trade barriers and optimize supply chain resilience to mitigate political risks. Establishing local production facilities or seeking alternative sourcing channels could help reduce dependence on sluggish cross-border trade. Further, increased collaborations with disability advocacy groups and healthcare providers are crucial to anticipate demand dynamics and future requirements of patient groups amid evolving public policies.
In terms of geography, London and the South East region account for the largest electric wheelchair market share in the UK. The region has a higher population density and proportion of elderly individuals compared to other parts of the country. Easy access to specialized healthcare facilities, rehabilitation centers and insurance coverage have supported market penetration in this region over the years. However, other major urban centers in the East, West Midlands and Scotland are emerging as fast growing regional markets. Rising incidents of mobility impairments, greater acceptance of medical assistance devices and increasing investments in public infrastructure are fueling above-average demand growth in these areas going forward.
Geographically, the electric wheelchair market in Scotland is poised to witness the fastest growth during the forecast period. Initiatives by the Scottish Government to strengthen community care programs and improve old-age provisions will aid wider adoption of assistive technologies like electric wheelchairs. Better trained caregivers and expanded insurance coverage for mobility aids are also positively impacting the market potential in Scotland. The rising elderly population combined with focused government support programs make Scotland an important market to watch out for in the coming years.
Get more insights on this topic: https://colinwilson11.hashnode.dev/united-kingdom-electric-wheelchair-market-is-anticipated-to-witness-high-growth-owing-to-rising-prevalence-of-spinal-injuries
Author Bio:
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, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163 )
What Are The Key Data Covered In This United Kingdom Electric Wheelchair Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the United Kingdom Electric Wheelchair 's growth between 2024 and 2031.
:- Accurate calculation of the size of the United Kingdom Electric Wheelchair and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- United Kingdom Electric Wheelchair 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 United Kingdom Electric Wheelchair vendors
FAQ’s
Q.1 What are the main factors influencing the United Kingdom Electric Wheelchair ?
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 United Kingdom Electric Wheelchair companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the United Kingdom Electric Wheelchair ’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?
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