Increasing spinal cord injuries and rising geriatric population are driving the growth of India wheelchair market in the forecast period, 2023-2028.
According to TechSci Research report, “India Wheelchair Market – By Region, Forecast and Opportunities, 2018-2028”, the India Wheelchair market stood at USD188.13 million in 2022 and is anticipated to grow with a CAGR of 7.87% in the forecast period, 2023-2028. This can be attributed to the growing disabilities among the population, especially among the elderly population. The elderly population is more susceptible to injuries and falls, thereby leading to instances of disabilities among the population. India’s elderly population is expected to reach 194 million by 2031 from 138 million in 2021. This, in turn, will increase the demand for different mobility aid medical devices, especially wheelchairs in the country.
Additionally, the growing demand for wheelchairs from various healthcare institutions, commercial establishments such as malls, shopping centers, and airports, among others, is expected to support the market growth. India has also witnessed an increase in demand for wheelchairs for personal purposes in tier 1 cities. The demand for bariatric wheelchairs has also significantly increased in the country, owing to the growing prevalence of obesity. A lot of bariatric ambulatory surgical centers are established, which continuously generate demand for these wheelchairs, thereby driving the market growth.
However, the high cost of wheelchairs, especially the powered ones, leads to affordability constraints in the country, especially in the tier-3 cities and rural parts of the country. Even the adoption and use of manual wheelchairs are quite less in rural parts of the country. This has also led to an increase in the demand for refurbished wheelchairs, thereby restricting the sales and demand for new wheelchairs.
Browse over 19 market data Figures spread through 70 Pages and an in-depth TOC on “India Wheelchair Market“
The India wheelchair market is segmented into product type, category, application, type of institution, distribution channel, region, and company.
Based on product type, the market is split into manual wheelchairs and powered wheelchairs. Manual wheelchairs dominated the market in 2022 with an overall share of around 83.75% and are expected to continue maintaining their dominance during the forecast period. This can be ascribed to the ease of use and low cost of manual wheelchairs. Additionally, the increasing demand for manual wheelchairs for transportation of patients and disabled people from various healthcare and non-healthcare institutions is further expected to support the segmental growth.
In terms of application, the market is divided into institutional and personal. The institutional segment dominated the market in 2022 on account of the growing demand for wheelchairs from various healthcare and non-healthcare institutions for the transport of patients.
Regionally, South India accounted for the largest market share in the India Wheelchair market due to increased acceptance of advanced, integrated, and portable wheelchairs by the intended population in the South region. As the population of the South becomes more interested in modern technology and innovations, as well as improving their lifestyle, and as the public becomes more aware of wheelchairs as a result of their high literacy rates, there is an increased demand for wheelchairs in the region.
The leading companies operating in the India wheelchair market are:
· Karma Healthcare Ltd.
· OttoBock Healthcare India Pvt. Ltd.
· Vissco Rehabilitation Aids Private Limited
· Ostrich mobility instruments Private Limited
· Pride Mobility Products Corp.
· Forza Medi (India) Pvt. Ltd.
· Stryker India (Stryker Corporation) Pvt. Ltd.
· Silverline Meditech Pvt. Ltd.
· Forza Medi (India) Pvt. Ltd.
· Vissco Rehabilitation Aids Pvt. Ltd.
India wheelchair market is a highly fragmented market with few well-established domestic players and some international players. The market is also dependent on imports, with most of the imports being done from countries like China. However, in the coming years, a lot of emerging domestic players can be witnessed on account of supportive government policies such as the Production Linked Incentive Scheme, Make in India, among others.
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“The growing incidents of road accidents within the country lead to a lot of spinal injuries, fractures, and disabilities among the population, which creates demand for wheelchairs for providing assistance with mobility. This, in turn, is expected to support the growth of the wheelchair market within the country. Furthermore, growing awareness and demand for sports wheelchairs and bariatric wheelchairs is expected to create lucrative opportunities for the market growth in the coming years, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Wheelchair Market By Product Type (Manual v/s Powered), By Application (Institutional v/s Personal), By Category (Adult v/s Pediatric), By Distribution Channel (Retail Sales v/s Non-Retail Sales), By Region, Competition, Forecast & Opportunities, 2028F”, has evaluated the future growth potential of India wheelchair market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India wheelchair market.
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