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.
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or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/robotic-wheelchairs-market
https://www.grandviewresearch.com/industry-analysis/robotic-wheelchairs-market
Further key findings from the report suggest:
· 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.
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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
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.
For More Information: www.grandviewresearch.com
