Report Overview

India Wheelchair Market - Industry Trends & Forecast Report 2028

India Wheelchair Market was worth USD 162.58 million in 2021 and is further projected to reach USD 302.41 million by the year 2028, exhibiting a CAGR of 9.5% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the rising disability rate, particularly among the senior population. The elderly are more prone to accidents and falls, which increases the likelihood of disability in the population. Moreover, the prevalence of diseases among the youth as a result of their daily lifestyles is a major factor driving market growth. Additionally, improvements in wheelchair technology and comfort are the main factors driving an increase in the number of newly introduced wheelchairs being produced in India. In turn, it is projected that this will have a favorable effect on the market expansion.

Wheelchair - Overview

A wheelchair is a wheeled chair that is used when walking is difficult or impossible due to illness, injury, old age, or disability. Spinal cord injuries (paraplegia, hemiplegia, and quadriplegia), cerebral palsy, brain injury, osteogenesis imperfecta, motor neurone disease, multiple sclerosis, muscular dystrophy, spina bifida, and other conditions can be among them. Moreover, wheelchairs are available in a variety of configurations to meet the specific needs of their users. They may include specialized seating adaptations, and individualized controls, and may be tailored to specific activities, such as sports wheelchairs and beach wheelchairs.

India Wheelchair Market Forecast and Trends

Growth Drivers

Wheelchair Advancement Propels Market Expansion

Continuous updates in wheelchair physiology, combined with technological advancements, provide the wheelchair with the most dependable features for users. With the addition of updated features such as eye sensor controls, functioning controls with AI automation or finger touch controlling, and upgrades in customization such as adding more comfort by cushioning, extra support for posture control, and pressure reliever points, Wheelchairs are becoming a priority or viable option for users or patients. This implies increasing the user's reliance and safety, thereby increasing market demand. Moreover, modern wheelchairs have fewer manual handling controls, fewer attendant requirements, controlled movements, and full or semi-automation.

India's Growing Disability Population drives need for Wheelchairs

The WHO (World Health Organization) says that there is a rise in the ratio of disabled people in India. The government of India's ministry of social justice and empowerment supports the empowerment of individuals with disabilities of all kinds, including hearing, vision, speech, motor, and mental handicaps by giving them access to the appropriate supportive medical equipment and services. As a result, the demand for wheelchairs in India is automatically shifting toward the market as the disability ratio rises. There are also numerous government initiatives in place to give wheelchairs to patients with locomotor impairments. According to a government-observed trend, the government now either distributes wheelchairs or, in many circumstances, funding to patients to purchase the desired.

Rising Investments by Indian Healthcare Companies

Market growth is being driven by increased investments by Indian healthcare companies focusing on the elderly population. In India, rising healthcare investments are expected to boost demand for wheelchairs and components. Many new businesses are investing in-home health care programs to make life easier for the elderly who require assisted living. Care24, for example, is a confirmed start-up healthcare company based in Mumbai that has received US$ 4 million in seed funding from SAIF Partners and India Quotient. It provides hassle-free and high-quality elderly care services at home, in addition to full medical assistance.

Restraints

The Difficulty is the High Cost of Wheelchairs.

Wheelchair affordability is restricted across the country, especially in tier-3 cities and rural areas, due to the high cost of wheelchairs, especially powered ones. In rural areas of the country, even manual wheelchair adoption and use are far lower. This has limited the sales and demand for new wheelchairs, which has boosted the market for refurbished wheelchairs. The development of the wheelchair market in India is hampered by all these factors.

Impact of COVID-19 on India Wheelchair Market

The disease has spread across the country since the COVID-19 virus outbreak in December 2019. COVID-19 impacted the economy in three ways: directly affecting product production and demand, disrupting distribution channels, and having a financial impact on firms and financial markets. The country faced transportation issues as a result of nationwide lockdowns. Moreover, people with physical disabilities were harmed by the COVID-19 pandemic. It was difficult to access healthcare services and visit hospitals due to lockdowns. In addition, the immune system found it difficult to protect against illnesses in patients with cerebral palsy or other disabilities.

India Wheelchair Market - By Product Type

Based on the product type, the India Wheelchair Market is segmented into Manual, Powered. Among these, manual accounts for the largest share of the India Wheelchair Market. This can be attributed to manual wheelchairs' ease of use and low cost. Furthermore, the growing demand for manual wheelchairs for transportation of patients and disabled people from various healthcare and non-healthcare institutions is expected to fuel segment growth. All these factors propel the growth of the India Wheelchair Market during a forecast period (2022-2028).

India Wheelchair Market – By Application

Based on application, the India Wheelchair Market is segmented into Institutional and Personal. Among these, the institutional segment holds the largest market share. Due to the rising demand for wheelchairs from various healthcare and non-healthcare organizations for the transportation of patients. Also, it has wide applications in Hospitals & Clinics, Rehabilitation Centers, and Others based on institutional type. All these factors boost the growth of the India Wheelchair Market during the forecast period (2022-2028).

India Wheelchair Market - By Category

Based on category, the India Wheelchairs Market is segmented into Adult and Pediatric. Adult segments account to hold the largest market share. The elderly are more prone to accidents and falls, which increases the likelihood of disability in the population. A wheelchair provides mobility and benefits the physical health and quality of life of the users by helping in reducing common problems such as pressure sores. Also, improves respiration and digestion. Moreover, pediatrics is expected to dominate the market. Children need a wheelchair that can grow as they grow. All these factors propel the market growth in the upcoming years.

India Wheelchair Market - By Region

Geographically, the India Wheelchairs Market is segmented into North India, South India, East India, and West India. South India hold the greatest market share in the India wheelchair market as a result of the intended population in the South region's growing acceptance of modern, integrated, and portable wheelchairs. The need for wheelchairs is growing in the South as the population there grows increasingly interested in current inventions and technology as well as enhancing their lifestyle, and as the public becomes more aware of wheelchairs as a result of their high reading rates.

Competitive Landscape

The leading market players in the India Wheelchair Market are Karma Healthcare Limited, OttoBock Healthcare India Pvt. Ltd, Rehabilitation Pvt. Ltd., Ostrich Mobility Instruments Pvt. Ltd, Pride Mobility Products Corp, Forza Medi (India) Ltd, Stryker India limited, NeoBolt, Silverline Meditech Pvt Ltd, and other prominent players.

The India Wheelchair Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

• Care24 is a confirmed start-up healthcare company based in Mumbai with initial funding of USD 4 million by SAIF Partners and India Quotient, a seed investor. Along with full medical assistance, it offers hassle-free and high-quality elderly care services at home.

Scope of the Report

By Product Type

• Manual
• Powered

By Application

• Institutional
• Personal

By Category

• Adult
• Pediatric

By Distribution Channel

• Retail sales
• Non-Retail Sales

By Region

• North India
• South India
• East India
• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. India Wheelchair Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. India Wheelchair Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
         1. Manual
         2. Powered
      2. By Application
         1. Institutional
         2. Personal
      3. By Category
         1. Adult
         2. Pediatric
      4. By Distribution Channel
         1.  Retail sales
         2. Non-Retail Sales
      5. By Region
         1. North India
         2. South India
         3. East India
         4. West India
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership.)
7. Impact of Covid-19 on India Wheelchair Market Industry
8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
   1. Karma Healthcare Limited
   2. OttoBock Healthcare India Pvt. Ltd
   3. Rehabilitation Pvt. Ltd.
   4. Ostrich Mobility Instruments Pvt. Ltd
   5. Pride Mobility Products Corp
   6. Forza Medi (India) Ltd
   7. Stryker India limited
   8. NeoBolt
   9. Silverline Meditech Pvt Ltd
   10. Other prominent players
9. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        India Wheelchair Market Segmentation

Figure 2        India Wheelchair Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        India Wheelchair Market Size, By Value (USD Million), 2018-2028

Figure 5        India Wheelchair Market Share, By Product Type, By Value, 2018-2028

Figure 6        India Wheelchair Market Share, By Application, By Value, 2018-2028

Figure 7        India Wheelchair Market Share, By Category, By Value, 2018-2028

Figure 8        India Wheelchair Market Share, By Distribution Channel, By Value, 2018-2028

Figure 9        India Wheelchair Market Share, By Region, By Value, 2018-2028

List of Tables

Table 1         India Wheelchair Market Size, By Product Type, By Value, 2018-2028

Table 2         India Wheelchair Market Size, By Application, By Value, 2018-2028

Table 3         India Wheelchair Market Size, By Category, By Value, 2018-2028

Table 4         India Wheelchair Market Size, By Distribution Channel, By Value, 2018-2028

Table 5         India Wheelchair Market Size, By Region, By Value, 2018-2028

Table 6         Karma Healthcare Limited Company Overview

Table 7         Karma Healthcare Limited Financial Overview

Table 8         OttoBock Healthcare India Pvt Ltd Company Overview

Table 9         OttoBock Healthcare India Pvt Ltd Financial Overview

Table 10        Rehabilitation Pvt. Ltd Company Overview

Table 11        Rehabilitation Pvt. Ltd Financial Overview

Table 12        Ostrich Mobility Instruments Pvt. Ltd Company Overview

Table 13        Ostrich Mobility Instruments Pvt. Ltd Financial Overview

Table 14        Pride Mobility Products Corp Company Overview

Table 15        Pride Mobility Products Corp Financial Overview

Table 16        Forza Medi (India) Ltd Company Overview

Table 17        Forza Medi (India) Ltd Financial Overview

Table 18        Stryker India limited Company Overview

Table 19        Stryker India limited Financial Overview

Table 20        NeoBolt Overview

Table 21        NeoBolt Financial Overview

Table 22        Silverline Meditech Pvt Ltd Company Overview

Table 23        Silverline Meditech Pvt Ltd Financial Overview