The global wheelchair market size has been increasing year by year. On the one hand, it is due to the aging of the population and the expansion of the demand for wheelchairs due to the increase in the geriatric medical population; on the other hand, it is due to the increase in the number of car accidents. There are approximately 17,730 new spinal cord injuries in the United States each year, of which car accidents are the main cause of injury. About 15.0% of the population suffers from some form of disability and requires mobility assistance. In addition, compared with other diseases, the growing number of chronic diseases is mainly due to the increase in disability, which creates demand for wheelchairs.
In 2020, the global wheelchair market was approximately US$2.7 billion, a year-on-year increase of 12%. The outbreak of the new crown epidemic in 2020 severely affected the transportation and mobility sectors and impacted the supply channels of wheelchairs. Due to the implementation of strict blockades. Due to the surge in the number of elderly people admitted to hospitals due to the infection of the new crown epidemic, the demand for hospitals continues to grow. As the blockade is relaxed and companies resume operations, the size of the global wheelchair market continues to grow year by year.
With the increase in downstream demand for smart wheelchairs in China, the market size of China's smart wheelchair industry has gradually expanded. According to data from Zhilun Industry Research, the scale of China's smart wheelchair market has generally shown an upward trend. According to statistics, the market size of China's smart wheelchair industry was 5.136 billion yuan in 2018, and by 2022, the market size of China's smart wheelchair industry will grow to 10.249 billion yuan, with a CAGR of 18.85%. With the increase in downstream demand, China's smart wheelchair production will continue to increase in the future.