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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
USA Power Assist Devices Market: By Product Category, E0983, and E0984) and Country
United States Power Assist Devices Market accounted for US$ 74.1 Million in 2023 and is projected to grow at 12.0% CAGR over the forecast period to reach US$ 146.3 Million by 2030. In 2022, the number of power-assisted units sold increased to 13.389 units across the United States, and the market growth rate over the forecast years is expected at 10.7% CAGR to reach 24,602 units by 2028. owing to the launch of advanced technology-based protects that helps users without any companion help. Among the products, Rear Mounted power assist devices contributed the largest share, and the same trend is expected the forecast years to reach 20,767.3 units by 2028 In 2022, Rear Mounted power assist devices accounted for 81.9% volume share and are expected to grow at 11.1% CAGR over the forecast years. The adoption of power assist devices has gradually increased in the past few years, and it is expected to grow in the future years owing to the advantages such as they are smaller and lighter than PWCs and mobility scooters, promoting better access in confined indoor spaces
However, the risks associated with the power assist devices include the potential of increased risk of wheelchair damage, decreased stability, and greater impact when encountering an obstacle. The adoption of Rear Mounted and Hub Mounted power assist devices is increasing since they reduce the effort required for MWC propulsion, allow users to navigate more difficult terrain, including hills and ramps, and can enable users to travel farther and faster and they make some MWC skills, such as wheelies, challenging to perform without disengaging the motors. The primary factor driving the market is the increasing prevalence of disabilities owing to chronic diseases like diabetes, strokes, and others coupled with the growing geriatric population and increasing number of accidents and trauma cases are anticipated to fuel the market. According to the U.S. Census Bureau, there were around 40 million people in the United States suffering from some form of disability in 2015. However, higher costs associated with the power assist devices for wheelchairs are projected to restrain the market's growth.
The rise in technological advancements and innovations focused on improving the aspects of the wheelchair has increased the growth of the power assist wheelchair industry. The market for power assist wheelchairs is being driven by the enhancements in technology and the growing popularity of wheelchair sports, which are increasing the growth of the power assist wheelchair industry to a great extent. The advanced designs support a wide range of users as they offer affordability as well as a high price range, invigorating market growth as a result.
The introduction of a wide variety of types of wheelchairs that differ in propulsion methods, mechanism, technology, and specifications make power assist wheelchairs desirable thereby boosting the market growth. With advancements in wheelchair frames using different materials to make them user-specific, the industry is catering specifically and focusing on the user. With the rising demand for advanced wheelchairs to cater to various physical needs and the diversity of users, the power assist wheelchair industry can foresee a high growth rate over the forecast period. Moreover, favorable reimbursement policies from Medicare and Medicaid coupled with the rising adoption of wheelchairs in the United States surge the growth of the market over the forecast years.
Power Assist Devices prevent growing demand for wheelchairs, growing awareness of these products, older generations are more likely to suffer from mobility disorders as they age, growing handicapped population that requires independent mobility, they are used to provide assistance to disabled patients and to people with lower muscle strength due to chronic illness or muscle injuries drive the Power Assist Devices market.
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The USA power assist devices market size was valued at US$ 74.1 million in 2023 and is poised to grow at a CAGR of 12.0% during the forecast period
Historic years considered for the market study are 2019 through 2023, 2023 is considered as the base year for market estimation and Seven years forecast is presented from 2024 – 2030.
The USA power assist devices market key players are Sunrise Medical, Permobil, Invacare Corporation, Shield Innovations LLC, Cheelcare
1.Executive Summary |
2. USA Power Assist Devices Market Introduction |
2.1. USA Power Assist Devices Market - Taxonomy |
2.2. USA Power Assist Devices Market - Definitions |
2.2.1.Product Type |
3. USA Power Assist Devices Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. USA Power Assist Devices Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. USA Power Assist Devices Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. E0986 |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. E0983 |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. E0984 |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6. Competition Landscape |
6.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
6.2.1.Sunrise Medical |
6.2.2.Permobil |
6.2.3.Invacare Corporation |
6.2.4.Shield Innovations LLC |
6.2.5.Cheelcare |
6.2.6.YAMAHA MOTOR CORPORATION, USA |
7. Research Methodology |
8. Appendix and Abbreviations |
Key Market Players