The United Kingdom electric wheelchair market provides independence and mobility to differently-abled individuals as well as elderly people. Electric wheelchairs are powered by lithium-ion batteries which enable easy manoeuvrability and come equipped with features like tilt in space and reclining seating. Rising cases of mobility impairment and rapidly aging population have fuelled the demand for electric wheelchairs in the UK.
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 2024-2031.
Key Takeaways
Key players: Key players operating in the United Kingdom electric wheelchair market are SUNRISE MEDICAL (US) LLC, SOWECARE B.V, KYMCO Healthcare, MEYRA GmbH, Invacare Corporation, and Scewo.
Key opportunities: Growing obesity rates and increasing cases of accidents are presenting lucrative opportunities for players in the UK electric wheelchair market.
Technological advancements: Development of lithium-ion batteries with higher capacity and lightweight frames is driving the adoption of electric wheelchairs. Integration of technologies like artificial intelligence and internet of things is widening the application scope.
Market drivers:
Aging population: The number of elderly people aged above 65 years is growing rapidly in the UK. Age-related mobility impairment is a major driver of the electric wheelchair market.
Favorable reimbursement policies: The presence of reimbursement programs for different medical devices in the UK is encouraging the usage of expensive electric wheelchairs. This is positively impacting the market growth.
Current Challenges In The United Kingdom Electric Wheelchair Market
The United Kingdom electric wheelchair market is facing challenges in areas of inadequate charging infrastructure and high cost of advanced batteries. While advance lithium-ion batteries provide longer run-time compared to traditional lead-acid batteries, their high cost is restricting adoption. Also, limited public charging points make it difficult for users to charge wheelchairs when traveling long distances. This restricts mobility and independence. Lack of proper accessibility in public infrastructure like lack of ramps in buses and metro stations is another area requiring attention to promote inclusion. Overall awareness about features and benefits of advanced electric wheelchairs also needs to be raised to expand the customer base in the country.
SWOT Analysis
Strength: Electric wheelchairs provide independent mobility to users. They help improve quality of life and promote community inclusion. The growing elderly population drives the need for assistive devices.
Weakness: High costs of advanced wheelchairs and batteries restrict mass adoption. Limited product customization options are available for pediatric users.
Opportunity: Growing emphasis on universal accessibility and inclusion will boost demand. Rising preference for personalized indoor and outdoor mobility solutions presents an opportunity.
Threats: Competition from substitute mobility devices. Stringent regulatory standards and certification requirements add to business challenges and costs.
In terms of value, the United Kingdom electric wheelchair market is currently concentrated in England which accounts for over 65% share. This can be attributed to the large elderly population and better accessibility infrastructure compared to other regions. Scotland is another major region driven by initiatives to promote independent living solutions.
Asia Pacific region is projected to witness the fastest growth in the United Kingdom electric wheelchair market during the forecast period. This can be attributed to factors like growing medical tourism from countries like India and rising disposable incomes in emerging Asian countries. Initiatives to develop universal design standards will also support market expansion.
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?
About Author – Money Singh
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, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile