Forecast: Wheelchair Parts Market Size Value in South Africa

Between 2013 and 2023, the wheelchair parts market in South Africa experienced significant fluctuations. The market value oscillated with years of growth interspersed with declines, reflecting a volatile environment. In 2023, the market stood at 9.2648 million USD, showing a slight recovery from a dip in 2022. Over the last two years, year-on-year variations were -7.79% in 2022 and 1.39% in 2023. The compound annual growth rate (CAGR) over the past five years was 0.83%, indicating minimal growth. Moving forward, the market is forecasted to grow modestly with a 5-year CAGR of 0.93% and an overall growth rate of 4.74% by 2028.

Future trends to watch for:

• Increased demand for advanced wheelchair technology.

• Rising healthcare expenditure and an aging population.

• Potential impacts of economic conditions and regulatory changes.

• Technological innovations and their adoption rates within the market.