Introduction: TechSci Research presents a comprehensive report titled, “India Wheelchair Market – By Region, Forecast and Opportunities, 2018-2028,” offering insights into the Indian wheelchair market. In 2022, the market was valued at USD 188.13 million, with a projected Compound Annual Growth Rate (CAGR) of 7.87% during the forecast period, 2023-2028. The market’s robust growth is underpinned by various factors, including the increasing prevalence of disabilities, particularly among the elderly population. The rise in elderly population is expected to propel the demand for mobility aid devices, with a special focus on wheelchairs in India.
Factors Driving Market Growth:
Elderly Population and Disabilities: The aging demographic in India, poised to reach 194 million by 2031 from 138 million in 2021, is more susceptible to injuries and falls, resulting in a higher incidence of disabilities. This demographic shift is a significant driver for the increasing demand for wheelchairs.
Healthcare Institutions and Commercial Establishments: Healthcare institutions and commercial establishments, including malls, shopping centers, and airports, are contributing to the growing demand for wheelchairs. Additionally, tier-1 cities in India have witnessed a surge in the personal use of wheelchairs. The market has seen a notable increase in the demand for bariatric wheelchairs, in response to the growing prevalence of obesity and the establishment of bariatric ambulatory surgical centers, driving market growth.
Browse over 19 market data Figures spread through 70 Pages and an in-depth TOC on “India Wheelchair Market“
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Challenges and Market Constraints:
Affordability Constraints: The high cost of wheelchairs, particularly powered ones, poses affordability challenges in the country, particularly in tier-3 cities and rural areas. The adoption and use of manual wheelchairs are relatively low in rural regions, leading to increased demand for refurbished wheelchairs, thereby limiting the sales and demand for new wheelchairs.
Market Segmentation:
Product Type: The India wheelchair market is segmented into manual wheelchairs and powered wheelchairs. In 2022, manual wheelchairs dominated the market with a share of approximately 83.75%, and they are expected to maintain their dominance throughout the forecast period. This preference is attributed to the ease of use and lower cost of manual wheelchairs. The growing demand for manual wheelchairs in healthcare and non-healthcare institutions for patient transportation further supports this segment’s growth.
Application: The market is divided into institutional and personal use. In 2022, the institutional segment held the majority share due to the increasing demand for wheelchairs from various healthcare and non-healthcare institutions, primarily for patient transport.
Regional Analysis: South India took the lead in the Indian Wheelchair market, accounting for the largest market share. The South region’s population has displayed an increased acceptance of advanced, integrated, and portable wheelchairs. This is driven by a rising interest in modern technology, lifestyle improvements, high literacy rates, and increased awareness of the benefits of wheelchairs.
Evolving Market Dynamics:
The Indian wheelchair market is undergoing dynamic changes, driven by both the increasing aging population and shifting consumer preferences. An essential development is the rise of innovative wheelchair designs and features, such as lightweight and foldable models, which enhance portability and convenience. The advent of advanced materials and manufacturing technologies has led to more ergonomic and user-friendly wheelchairs, addressing the challenges of affordability and accessibility.
Additionally, the government’s focus on healthcare infrastructure and inclusive policies is expected to provide further impetus to the market. Initiatives aimed at enhancing accessibility in public spaces and healthcare institutions are expected to stimulate the demand for wheelchairs, promoting a more inclusive society.
The future of the Indian wheelchair market looks promising, with continued growth driven by both demographic changes and technological advancements. This makes TechSci Research’s report a vital resource for all stakeholders, offering a comprehensive understanding of the market’s trends and prospects. Whether for healthcare providers seeking to meet patient mobility needs, investors exploring opportunities, or manufacturers innovating in the field, this report is a valuable guide to navigate the evolving landscape of wheelchair mobility in India.
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.
What to Expect in the Sample Report:
- Comprehensive market analysis, encompassing size, trends, and forecasts.
- Insights into the factors fueling market growth and the constraints.
- Detailed segmentation by product type, application, and region.
- Competitive landscape with key market players.
- Regional dynamics and growth potential.
Who Will Benefit from This Report:
- Healthcare Providers: Gain valuable insights to meet the growing demand for mobility solutions in healthcare institutions.
- Investors: Identify opportunities for investment in the wheelchair market, considering the demographic shift.
- Manufacturers: Understand the market landscape and the preferences of end users to shape product development.
- Government and Policy Makers: Utilize the data for informed healthcare planning and addressing affordability challenges.
- Academia and Researchers: Access data for studies related to healthcare and assistive technologies.
TechSci Research’s report offers an in-depth view of the Indian Wheelchair market, providing critical information for various stakeholders in India’s evolving healthcare landscape. As the country addresses the mobility needs of an aging population and promotes accessibility, the market for wheelchairs is poised for substantial growth and transformation.
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