Market Forecast By Type (Manual, Powered), By Applications (Standard Wheelchair, Bariatrich Wheelchair, Sports Wheelchair, Others), By End-Users (Adults, Paediatric) And Competitive Landscape
Product Code: ETC053529 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Philippines Wheelchair Market |
Forecast period | 2025-2031 |
CAGR | 13.89% |
Growing Sector | Healthcare |
Philippines Wheelchair Market report thoroughly covers the market by type, by applications, and by end-users. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Philippines Wheelchair Market is expected to witness significant growth during the forecast period due to growing prevalence of chronic diseases and high demand from elderly populations. The improving healthcare infrastructure in the country is also driving the need for wheelchairs. Additionally, rising awareness about disability and mobility products has led to an increase in sales of wheelchairs over recent years.
According to 6Wresearch, the Philippines Wheelchair Market size is projected to record enormous growth, growing at a CAGR of 13.89% during the forecast period of 2025-2031. An increasing geriatric population of the country resulted in increasing medical conditions such as arthritis which requires physical aids like a wheelchair for movement purposes; hence leading towards increased demand for wheelchairs in the Philippines. However, the high cost associated with various types of wheelchairs restricts its availability amongst lower income groups; hindering overall product penetration rate and Philippines Wheelchair Market Growth. Additionally, lack of trained personnel along with inadequate knowledge regarding usage & maintenance further act as restraints against industry expansion worldwide during the forecast period.
Despite the challenges, the market presents many opportunities. The government can continue to encourage a comprehensive society by allocating more resources to the industry. Furthermore, technology presents new ways to improve and create efficient mobility aids, particularly with the rise of wearable technology and the internet of things. Apart from this, the wheelchair market of Philippines is witnessing various trends that are transforming the way people perceive these mobility aids. For instance, the rise of the powered wheelchair, which is more convenient and provides more freedom of movement for users. There has also been a rise in customization, with more wheelchair users opting for personalized products that better suit their needs.
The government has introduced several policies and schemes aimed at improving accessibility and affordability of wheelchairs. For instance, the National Council on Disability Affairs (NCDA)'s Wheelchair Loan Program provides free wheelchairs to eligible individuals. Furthermore, the Department of Health (DOH) has established a program to provide assistive devices, including wheelchairs, to persons with disabilities in the country. This program aims to provide free or low-cost wheelchairs to eligible individuals through local health facilities. Furthermore, the government has also provided tax incentives to companies engaged in the manufacture and importation of assistive devices, including wheelchairs. These incentives aim to reduce the cost of production and improve availability of these devices in the market.
The Philippines wheelchair industry is largely dominated by Invacare, Pride Mobility, and Otto Bock. These companies have established a strong position in the market and offer a wide range of products to meet diverse customer needs. Other prominent ones in the market include local manufacturers such as Raver and Technomotion, who cater to customers looking for more affordable and low-cost options.
The Philippines wheelchair market is anticipated to continue to grow at exponential growth rate in the coming years owing to growing population of older adults and individuals with disabilities. Moreover, advancements in technology and the introduction of innovative products, such as electric-powered wheelchairs, are projected to further drive growth in this market. Overall, the Philippines wheelchair market presents significant opportunities for both local and international players in the coming years. The continued focus on accessibility, affordability, and quality of products will be essential for the sustainable growth of this market.
According to Kapil Pal, Senior Research Analyst, 6Wresearch, the manual wheelchair market dominates the market share, owing to its affordable cost and ease of use. However, the demand for powered wheelchairs is also increasing, catering to users with severe mobility issues.
In terms of Application, the demand for sports wheelchairs has grown significantly, as they cater to a previously untapped market segment of people with disabilities who wish to compete in sports.
By End-Users, Adults wheelchair segment dominates the Philippines Wheelchair Market Share, as the geriatric population in the Philippines has been growing rapidly. The paediatric wheelchair market segment caters to the mobility needs of young children with mobility issues.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Wheelchair Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Wheelchair Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Wheelchair Market - Industry Life Cycle |
3.4 Philippines Wheelchair Market - Porter's Five Forces |
3.5 Philippines Wheelchair Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Wheelchair Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7 Philippines Wheelchair Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
4 Philippines Wheelchair Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Wheelchair Market Trends |
6 Philippines Wheelchair Market Segmentations |
6.1 Philippines Wheelchair Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Wheelchair Market Revenues & Volume, By Manual, 2021-2031F |
6.1.3 Philippines Wheelchair Market Revenues & Volume, By Powered, 2021-2031F |
6.2 Philippines Wheelchair Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Philippines Wheelchair Market Revenues & Volume, By Standard Wheelchair, 2021-2031F |
6.2.3 Philippines Wheelchair Market Revenues & Volume, By Bariatrich Wheelchair, 2021-2031F |
6.2.4 Philippines Wheelchair Market Revenues & Volume, By Sports Wheelchair, 2021-2031F |
6.2.5 Philippines Wheelchair Market Revenues & Volume, By Others, 2021-2031F |
6.3 Philippines Wheelchair Market, By End-Users |
6.3.1 Overview and Analysis |
7 Philippines Wheelchair Market Import-Export Trade Statistics |
7.1 Philippines Wheelchair Market Export to Major Countries |
7.2 Philippines Wheelchair Market Imports from Major Countries |
8 Philippines Wheelchair Market Key Performance Indicators |
9 Philippines Wheelchair Market - Opportunity Assessment |
9.1 Philippines Wheelchair Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Wheelchair Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3 Philippines Wheelchair Market Opportunity Assessment, By End-Users, 2021 & 2031F |
10 Philippines Wheelchair Market - Competitive Landscape |
10.1 Philippines Wheelchair Market Revenue Share, By Companies, 2024 |
10.2 Philippines Wheelchair Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |