South Korea Wheelchair Market Overview, 2028

South Korea has wheelchair accessibility; the government has implemented various policies and programs to improve accessibility in public spaces and transportation, including the installation of wheelchair ramps and elevators in buildings and public transport vehicles. South Korea has a strong culture of design, which is reflected in the wheelchair market. Many domestic manufacturers collaborate with designers to create stylish and functional wheelchairs that are both practical and aesthetically pleasing. South Korea is home to several research institutions and universities that are dedicated to the development of assistive technologies, including wheelchairs. These institutions collaborate with manufacturers to create cutting-edge products that incorporate the latest advances in technology and design. The South Korean wheelchair market is highly competitive, with a large number of domestic manufacturers competing with international brands. This has led to a focus on innovation and customization, with manufacturers offering a wide range of models and features to meet the specific needs of users. According to the research report "The South Korea Wheelchair Market Overview, 2028," published by Bonafide Research, the South Korea wheelchair market is projected to reach a market size more than USD 119 Million on by 2028. The South Korean wheelchair market is growing because the country is becoming more urbanized, with a greater need for mobility aids to navigate the city's infrastructure. This has led to an increased demand for portable, lightweight, and compact wheelchairs that are easy to transport and maneuver in urban areas. Also, there has been a growing awareness of the needs of people with disabilities in South Korea, which has led to a greater demand for assistive devices such as wheelchairs. There have been significant technological advancements in the design and production of wheelchairs, making them more comfortable, lightweight, and easy to use. These advancements have contributed to the growing demand for wheelchairs in South Korea. The South Korean wheelchair market is segmented into two types; Electric wheelchairs and the manual wheelchair are wheelchairs in South Korea with electricity propulsion and a joystick or other control. As they require less physical effort to operate, they are perfect for individuals with limited upper-body strength or mobility. Depending on the user's needs, different types of powered wheelchairs are available, including those with rear-wheel drive, mid-wheel drive, and front-wheel drive. And another is the manual wheelchair, which is the wheelchair of the standard style and requires physical effort to operate. Depending on the user's demands, manual wheelchairs come in a variety of styles, including regular, lightweight, and heavy-duty. They are appropriate for persons who have sufficient strength in their upper bodies to propel themselves and are usually more affordable than electric wheelchairs. Apart from manual and powered wheelchairs, there are other specialized wheelchairs available on the South Korean market, such as sports wheelchairs, pediatric wheelchairs, and bariatric wheelchairs, among others. These specialized wheelchairs are designed to meet the specific needs and requirements of users. In South Korea, people usually prefer the Manual wheelchairs are generally less expensive than electric wheelchairs, and many people in South Korea may not be able to afford the higher cost of electric models. While accessibility has improved in recent years, many buildings and public spaces in South Korea may not be fully accessible for electric wheelchairs due to narrow hallways, steep inclines, or other obstacles. South Korea is a densely populated country with a high reliance on public transportation. Manual wheelchairs are often more portable and easier to transport on buses and trains than electric models. In Future the electric wheelchair grow at the higher CAGR Rate.

There are certain government initiatives for the wheelchair, including financial assistance; The South Korean government provides financial assistance to people with disabilities who require wheelchairs. This includes subsidies for purchasing mobility aids and financial assistance for repairs and maintenance. The government has implemented accessibility regulations to ensure that public spaces, buildings, and transportation systems are accessible to people with disabilities. This includes the installation of wheelchair ramps, elevators, and accessible parking spaces. Also, the South Korean government supports research and development in the wheelchair market. This includes funding for research projects and initiatives to develop innovative and effective assistive devices. The government collaborates with private-sector companies to promote the development and distribution of wheelchairs. This includes partnerships with manufacturers, distributors, and retailers to improve accessibility and affordability for users. In South Korea, there are certain opportunities and challenges for the wheelchair market. The wheelchair market in South Korea is highly competitive, with numerous local and international players vying for market share. This makes it challenging for new entrants to gain a foothold in the market and compete effectively. The cost of wheelchairs is a significant challenge for many users, particularly those on fixed incomes. This can limit the market potential for high-end or specialized wheelchairs and require manufacturers and distributors to balance affordability with quality and functionality. As well as certain opportunities for the wheelchair market, like technological advancement, the market in South Korea is rapidly evolving, with new and innovative products being developed to meet the needs of users. This presents an opportunity for manufacturers and distributors to develop and introduce new products to the market, leveraging technological advancements to improve the quality and functionality of wheelchairs. Early in the year, there were a significant number of people with disabilities, and the government recognized the need to provide them with appropriate medical equipment, including wheelchairs. In the 1960s and 1970s, South Korea experienced rapid economic growth, and there was an increased demand for wheelchairs. The government established several rehabilitation centers and hospitals, which helped promote the use of wheelchairs in the country. In the 1980s, the South Korean government introduced policies to support the development of the medical device industry, which further boosted the production and sales of wheelchairs in the country. Domestic manufacturers began to emerge, and they focused on producing wheelchairs that were more affordable, lightweight, and customizable to meet the specific needs of individuals. During the 1990s and early 2000s, the South Korean wheelchair market continued to grow steadily, driven by advancements in technology and a greater awareness of the needs of people with disabilities. The demand for electric-powered wheelchairs also increased during this time, as they provided greater mobility and independence for users. In recent years, the South Korean government has implemented policies to improve the accessibility of public spaces and transportation for people with disabilities, which has helped to further promote the use of wheelchairs in the country.

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Manmayi Raval

Research Consultant

Considered in this report • Geography: South Korea • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report

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• South Korea Wheelchair Market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Electric & Powered Wheelchair • Manual Wheelchair By Electric & Powered wheelchair: • Central Wheel Drive • Front Wheel Drive • Rear Wheel Drive • Others (Standing Power Wheelchair, Pediatric Power Wheelchair, Portable Power Wheelchairs, Elevating-Seat Capable Power Wheelchairs, Heavy Duty Power Wheelchairs, etc.) By Categories: • Adult • Pediatric By Application: • Homecare • Hospitals • Ambulatory Surgical Center • Rehabilitation Centres By Function: • Basic Wheelchair • Sport Wheelchair • Bariatric Wheelchair • Others(Standing Wheelchair, Reclining Wheelchair, Foldable Wheelchair, Beach Wheelchairs, Three-wheeled Wheelchairs, Dog Wheelchairs, etc.) The Approach of the Report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Office Chair industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.