Key Market Indicators
Korean demand for wheelchairs is projected to reach $10.5 million by 2026, up from $9.4 million in 2021. The average annual growth rate over the past four years has been 2.1%. Since 1993, it has grown at an average rate of 5.3% each year. South Korea ranked 25th in 2021, behind Finland at $9.4 million. Japan, Germany and the UK were the top three countries in the rankings. Exports of wheelchairs from South Korea are set to reach $7.6 million by 2026, up from $6.3 million in 2021. This reflects an average annual growth rate of 3.3%. Since 1993, these exports have increased by 88.6% year-on-year. In 2021, South Korea was 14th in the rankings, behind Australia at $6.3 million. Germany, Sweden and the Netherlands were the top three countries in the rankings.
