Robotic Wheelchair Market is set to witness growth at 11.5% CAGR from 2022 to 2032
The demand for robotic wheelchairs is being driven by increasing instances of permanent and temporary mobility deficiency, through geriatric population and obese individuals who are unable to engage in activities that require smooth movement. Owing to their ability to offer self-regulating mobility assistance for indoor activities, residential use of robotic wheelchairs has been gaining popularity.
Robotic wheelchairs, also known as power wheelchairs is an improved variant of commonly used electric wheelchairs. Robotic wheelchairs are equipped with sensors and runs with the help of artificial intelligence. These chairs can seamlessly detect obstacles in the way, navigate accordingly and improve the multifold user experience.
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Robotic Wheelchair Market: Dynamics
Demand for robotic wheelchair is rising mainly because of the steady rise in the numbers of elderly and disabled people in countries like Japan. In addition, increase in disposable income of consumers and R&D activities done by manufacturers are important factors to keep the market rejuvenated.
The availability of a wide variety of robotic wheelchair devices of the next decade is driving a rise in customer numbers. This will be pushing the demand in the years ahead. Nonetheless, robotic wheelchairs’ high operating cost is a major obstacle that limits market development for such wheelchairs. That is particularly accurate in developing countries.
During the forecast period, commercial applications of robotic wheelchair market is expected to grow due to a rise in robotic wheelchairs in areas such as hospitals, airports, tourist spots and social care homes. Panasonic and Whill Inc., for example, have developed self-driving robotic wheelchairs that can be operated through a smartphone and are used in hospitals and airports.
Robotic Wheelchair Market: Regional Overview
Owing to the rising demand in the U.S., North America accounted for the largest share of over 30% in the robotic wheelchair market. Rapid acceptance of technology and increasing elderly population are the key factors pushing businesses and medical research institutes to implement independent mobility assistance robotic wheelchairs.
Countries like the Germany, China, India and U.K. are seeing substantial demand for robotic wheelchairs due to increasing geriatric population, high purchasing power and technological advances.
Technical University of Athens, as well as research initiatives taken by businesses in Europe for the disabled and the elderly, focuses on self-directed robotic wheelchairs with the aid of numerous initiatives such as the MANUS project for everyday tasks and the digital wheelchair project for industrial applications.
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Robotic Wheelchair Market: Key Players
- Ottobock SE & Company
- Sunrise Medical LLC
- Permobil Corporation
- Meyra GmbH
- Karman Healthcare
Research and development efforts are increasingly done by manufacturers to create smart and innovative technologies to support people with moving disabilities. UPnRIDE Robotics recently announced that the United States Food and Drug Administration (FDA) has cleared its Robotic Standing Wheelchair for marketing and use in the United States.
This will make UPnRIDE products available in in the U.S. market. Haneda International Airport in Tokyo and Changi General Hospital in Singapore and Singapore MIT Research Development Partnership unveiled a self-driving robotic wheelchair operative with a mobile app developed by Panasonic and Whill Inc.
Robotic Wheelchair Market: Effect of Covid-19
The COVID-19 epidemic has seriously affected the OEM industry with disruptions to the supply chain and manufacturing operations. The reduced involvement of robotic wheelchair manufacturers in product design and production is one of the most important changes that the supply chain will see in a post-Covid-19 environment.
The need for cooperation and collaboration between stakeholders, especially suppliers and OEMs, will therefore have to become stronger in order to tackle the challenges posed by the pandemic.
The research report presents a comprehensive assessment of the robotic wheelchair market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also includes projections using a suitable set of assumptions and methodologies.
The research report of the robotic wheelchair market provides analysis and information according to the different market segments such as use, drive type, distribution channel and region.
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The robotic wheelchair market report covers exhaustive analysis on
- Market Segments of the Robotic wheelchair Market
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends / Issues / Challenges
- Competition & Companies Involved
- Value Chain of the Robotic Wheelchair Market
Regional analysis includes
- North America (U.S, Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Rest of Europe)
- South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
- East Asia (China, Japan, South Korea)
- Oceania (Australia, New Zealand)
- Middle East (GCC Countries, Israel, Turkey, Egypt, Rest of Middle East)
- Africa (Nigeria, South Africa, Algeria, Morocco, Rest of Africa)
The robotic wheelchair market report is a compilation of first-hand information, qualitative and competitive assessment industry analysts, and inputs from industry experts and industry participants across the value chain.
The report for the robotic wheelchair market provides an in depth analysis of the parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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