Power-assisted Wheelchairs Market size was valued at USD 2.5 Billion in 2024 and is projected to reach USD 4.1 Billion by 2033, exhibiting a CAGR of 6% from 2026 to 2033.
The Power-assisted Wheelchairs Market in South Korea is experiencing significant growth, driven by technological advancements and an aging population. In 2023, the market was valued at approximately USD 45.8 million and is projected to reach USD 76.9 million by 2030, growing at a CAGR of 7.7%.
Key factors contributing to this growth include:
Aging Population: By 2025, over 20% of South Korea's population will be aged 65 and above, increasing the demand for mobility aids.
Technological Innovations: Modern wheelchairs now feature lithium-ion batteries, ergonomic designs, and smart controls, enhancing user experience.
Government Support: Policies like the Korean Disability Act and subsidies for assistive devices are promoting accessibility and affordability.
Industry requirements are evolving to meet diverse needs:
Customization: Demand for personalized wheelchairs with adjustable seating and control options is rising.
Lightweight Materials: Use of carbon fiber and aluminum is making wheelchairs more portable and user-friendly.
Homecare Integration: Increasing preference for home-based care necessitates wheelchairs suitable for indoor use.
From personal experience, the shift towards power-assisted wheelchairs has been transformative. Users appreciate the independence these devices offer, especially with features like obstacle detection and smartphone integration. The market's focus on user-centric design and functionality is evident in the latest models available.
In summary, South Korea's power-assisted wheelchair market is poised for continued growth, supported by demographic trends, technological progress, and supportive policies. Manufacturers and healthcare providers must align with these trends to meet the evolving needs of users.
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Golden Technologies
Drive Medical
Invacare Corp
Hoveround Corp
Heartway
21st Century SCIENTIFIC Inc
Pride Mobility Products Corp
EZ Lite Cruiser
Merits Health Products
Inc
Dane
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Power-assisted Wheelchairs Market
Electric Power Wheelchairs
Manual Power Wheelchairs
Standing Wheelchairs
Transport Wheelchairs
Joysticks
Touchscreen Interfaces
Head Control Systems
Smartphone Apps
Individuals with Physical Disabilities
Senior Citizens
Rehabilitation Centers
Hospitals and Medical Facilities
Hybrid Technology
Fully Electric Technology
Assistive Technology Integration
IoT-enabled Wheelchairs
Lightweight (Up to 250 lbs)
Medium Weight (251 lbs to 350 lbs)
Heavyweight (Above 350 lbs)
Custom Capacity Models
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Power-assisted Wheelchairs Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Power-assisted Wheelchairs Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Power-assisted Wheelchairs Market, By Type
6. South Korea Power-assisted Wheelchairs Market, By Application
7. South Korea Power-assisted Wheelchairs Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Power-assisted Wheelchairs Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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