The global robotic wheelchairs market size is expected to
reach a value of USD 142.6 million by 2025, according to a new report by Grand
View Research, Inc., expanding at a CAGR of 9.4% over the forecast period.
Growing need for independent mobility assistance by the geriatric population
with moving disabilities is expected to drive the market. Moreover, rising
spending power among the consumers, along with introduction of technologically
advanced mobility products by the companies, is expected to drive the market.
Growing penetration of robotic wheelchairs as an
artificial assistance due to advanced features such as navigation, detecting
obstacles, sensor technology, and artificial intelligence. Presence of
people with physical ailments or loss of mental control is expected to increase
the demand in the market. According to the Journal of Rehabilitation Research
and Development, the NavChair is an assistive navigation system developed with
a mobile robot i.e. vector field histogram to avoid obstacles, follow walls,
and travel safely.
In 2018, the residential application segment
held the largest share of 82.9%. Application of manual wheelchairs for daily
life activities increases the dependency level on others. For instance, Toyota,
as a part of an agreement with DEKA Research and Development, is making the
iBot wheelchairs for climbing stairs. The commercial application segment is
expected to expand at a CAGR of 10.8% over the forecast period. Smart future
urban mobility research group developed smart wheelchairs that can be used at
airports and hospitals.
Retail distribution held the largest share of
82.5% in 2018. Reliability of the product is considered to be high in retail
stores than other modes of distribution channel. In addition, e-commerce
distribution mode is expected to register the fastest CAGR of 11.0% over the
forecast period. Ease of accessibility throughout the world for the best smart
wheelchairs is a key factor expected to drive the channel over the forecast
period. Many companies have their own online platforms and some of them are
tying up with others.
North America emerged as the largest regional
market with a value of USD 25.0 million in 2018. The region is expected to
maintain its lead over the forecast period. Reimbursement of insurance claims,
growing aging population, and technological advancements are driving the
market. For instance, Massachusetts scientist, Matt Walter and PhD candidate,
Sachi Hemachandra launched a voice controlled robotic wheelchair for elder
care. Similarly, Invacare Corporation launched a wheelchair with a special
technology called G-trac technology for better control system.
Companies are integrating with universities and
startups to develop something advance to cater to the needs of the vast
consumer base. For instance, Intel collaborated with Brazilian startup Hoobox
Robotics to develop a smart wheelchair “wheelie”, which has an access to read
facial expressions as human behavior.
Key players in the market include Sunrise
Medical LLC; Invacare Corporation; Permobil Corporation; Meyra GmbH; Karman
Healthcare; Ottobock SE& Company; Matia Robotics; Upnride Robotics; DEKA
Research & Development; and Whill Inc.
For Full Research Report On Robotic Wheelchairs Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/robotic-wheelchairs-market
Robotic Wheelchairs Market Report Highlights
- The
residential application segment held a dominant share of 82.9% in 2018
- North
America dominated the market in 2018 with a value of USD 25.0 million in
2018. This trend is projected to continue over the next few years
- Asia
Pacific is anticipated to witness high demand on account of increase in
requirement for independent mobility
- The
robotic wheelchairs market is highly competitive in nature with the main
players including Invacare Corporation, Permobil Corporation, Meyra GmbH,
and Karman Healthcare
- Various
manufacturers are concentrating on new product launches and capacity expansion
in order to estimate existing and future demand patterns from upcoming
product segments.
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Robotic Wheelchairs Market Segmentation
Grand
View Research has segmented the global robotic wheelchairs market on the basis
of application, distribution channel, and region:
Robotic Wheelchairs Application Outlook (Revenue, USD Million, 2015 -
2025)
- Residential
- Commercial
Robotic Wheelchairs Distribution Channel Outlook (Revenue, USD Million,
2015 - 2025)
- Retail
- E-commerce
Robotic Wheelchairs Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North
America
- U.S.
- Europe
- U.K.
- Germany
- Asia
Pacific
- Japan
- China
- Central
& South America
- Brazil
- Middle
East & Africa
- UAE
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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