The wheelchair parts market in Belgium has displayed variable growth patterns from 2013 to 2023. In 2023, the market stood at 26.825 million USD, marking a moderate increase over the preceding years. The year-on-year variation for 2022 and 2023 was 2.72% and 2.62%, respectively, suggesting a relatively stable growth trajectory. Over the last 5 years, the market achieved an average annual growth rate (CAGR) of 2.52%, indicating consistent, albeit modest, growth.
Future forecasts predict continued expansion with the market size expected to reach 30.148 million USD by 2028. This represents a forecasted 5-year CAGR of 1.85%, translating to a 9.62% growth over the period. Trends to watch include technological advancements in wheelchair components, the increasing aging population, and healthcare policy changes which may drive further demand.
