Forecast Period | 2024-2028 |
Market Size (2022) | USD 50.23 million |
CAGR (2023-2028) | 6.21% |
Fastest Growing Segment | Manual Wheelchair |
Largest Market | Central Vietnam |
Vietnam Wheelchair Market is expected to grow at an impressive rate during the forecast period 2024-2028.
A wheelchair is a personal or automatic device, designed for use by individuals with mobility impairment. It is mainly used for both internal and external locomotion. Rising life expectancy and adult population around the country is one of the main factors that will contribute to the market growth.
Additionally, the prevalence of various diseases among the youth due to their everyday lifestyle is a major factor that drives this segmental growth. The number of road accidents is increasing, leading to issues related with spinal cord and bone fracture. Furthermore, advancements in basic wheelchairs and making them more equipped with technology and comfort are the major drivers that increase the production of more newly launched wheelchairs in Vietnam. This, in turn, is anticipated to positively impact the market growth.
In addition, wheelchair manufacturers are moving beyond basic manual wheelchairs. They are coming up with new models to aid the user and make things easier to move around easily and independently. New advanced technology like power wheelchair with enhanced control system, exoskeleton and robotic assisted wheelchair is used to develop the easiest handling and cost-effective wheelchairs for the users and it leads to enhance the growth of wheelchair market.
Technology Advancement in Wheelchair Industry
The ever-increasing integration of automation into health care equipment, especially portable, and light-weight wheelchairs is a parameter of impact, aimed at supporting market growth. Wheelchairs today are integrated with seamless circuits, guide sensors, steering wheel, and a few controls to make the trip easier and smoother for patients. The introduction of battery-powered electric wheelchairs is helping the users at a better level. In line with the development of wheelchair, many companies offer new features that can keep and connect the device with a patient's health history. These includes features such as emergency call alarms and monitoring their health with vital signs. Invacare AVIVA FX Power Wheelchair
Rising Cases of Road Accidents
Advancement in Wheelchairs Drives Market Growth
Globally, the wheelchair's most reliable features for users are being provided by ongoing updates to the wheelchair's physiology and technological improvements. Wheelchairs are now the preferred or significant option for users or patients due to the addition of updated features like eye sensor controls, functioning controls with AI automation or finger touch controlling, upgrades in customization such as adding more comfort by cushioning, additional support for posture control, and pressure reliver points. This implies ensuring more dependency and safety to the user, thus increasing the market demand. In the upcoming years, the market is predicted to rise due to newer wheelchair features such as reduced manual handling controls, fewer attendant requirements, controlled motions, and complete or semi-automation.
Rising Spinal Cord Injuries and Other Disorders
Increasing number of disabilities that require a mobile device like wheelchair is also one of the key factors expected to contribute to the market growth. Spinal cord injuries are one of the most common disabilities that require a walking device/mobile device. . Therefore, Vietnam is expected to be a significant market potential for mobile device manufacturers in the forecast years.
Rise in Disease Prevalence Among the Elderly & Increasing Geriatric Population
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Market Segmentation
The Vietnam Wheelchair Market is segmented based on product type, category, application, end user, company, and region. Based on product type, the market is further segmented into Manual Wheelchair and Powered Wheelchair. Based on Category, the market is segmented into Adult and Pediatric. Based on Application, the market is segmented into Basic Wheelchair, Bariatric Wheelchair, Sports Wheelchair, and Others. Based on End User, the market is further fragmented into Healthcare Facilities and Home Care.
Company Profiles
Aikin Holding Corp. Vietnam Manufacturer, Vietnam Precision Industrial Joint Stock Company, Kenda Rubber (Vietnam) Co., Ltd., An Viet Long Co., Ltd., MZ Vietnam Co., Ltd., Wus Tech (Vietnam) Co., Ltd., OIA Global Vietnam Co., Ltd., Wus Tech (Vietnam) Co., Ltd., Ben Thanh Investment, Technet JSC etc. are among the major market players in the Vietnam Wheelchair Market.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2022 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Billion, and CAGR for 2017-2021 and 2022E-2027F |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | Product Type Category Application End User Company Region |
Regional Scope | Northern, Central, Southern |
Key Companies Profiled | Aikin Holding Corp. Vietnam Manufacturer, Vietnam Precision Industrial Joint Stock Company, Kenda Rubber (Vietnam) Co., Ltd., An Viet Long Co., Ltd., Mz Vietnam Co., Ltd., Wus Tech (Vietnam) Co., Ltd., Oia Global Vietnam Co., Ltd., Wus Tech (Vietnam) Co., Ltd., Ben Thanh Investment, Technet JSC |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope
In this report, Vietnam Wheelchair Market has been segmented into following categories, in addition to the industry trends which have also been detailed below
- Vietnam Wheelchair Market, By Product Type
- Manual Wheelchair
- Powered Wheelchair
- Vietnam Wheelchair Market, By Category
- Vietnam Wheelchair Market, By Application
- Basic Wheelchair
- Bariatric Wheelchair
- Sports Wheelchair
- Others
- Vietnam Wheelchair Market, By Region
- Northern
- Central
- Southern
Competitive Landscape
Company Profiles
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Company Information
Detailed analysis and profiling of additional market players (up to five).
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