The global landscape of mobility solutions is on the brink of a transformative surge, as revealed by the latest industry analysis conducted by Future Market Insights. Projections indicate a compelling trajectory for the global robotic wheelchairs market, poised to reach unprecedented heights with an anticipated value of approximately US$ 377.4 million by 2032.
From 2022 to 2032, the industry is projected to witness an impressive compound annual growth rate (CAGR) of 11.5%, signifying a significant leap in technological innovation and accessibility for individuals with mobility challenges worldwide. This forecast underscores the expanding embrace of cutting-edge robotics in enhancing the quality of life for millions.
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The surge in market value reflects an evolving landscape of technological advancements, emphasizing the integration of robotics, AI-driven controls, and enhanced navigational capabilities within wheelchair designs. These innovations are set to redefine the traditional concepts of mobility aids, offering greater autonomy and efficiency for users.
Key Takeaways from Market Study:
- By wheelchair, the mid-wheel drive type is expected to hold a 45.0% market value share in 2021, and is expected to display a CAGR growth of 9.3% over the forecast period.
- The personal use application is leading with 69.0% of the market share in 2021 and is expected to register a CAGR of 10% by the end of 2032.
- By distribution channel, home care settings hold a higher share of 53% in the robotic wheelchair market in 2021.
- North America is slated to be the leading region with a value share of 36.4% in 2021 owing to rising geriatric population along with the high demand for smart wheelchairs and early adoption of the technologically advanced product.
“With surging adoption of power wheelchairs for mobility assistance, the robotic wheelchair market is expected to witness an advancement over the forecast period,” says an analyst of Future Market Insights.
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Leading Companies Profiled in Robotic Wheelchair Market are:
- Sunrise Medical LLC
- WHILL Inc
- Permobil
- MEYRA GmbH
- Matia Robotics, Inc.
- Karman Healthcare, Inc.
- UPnRIDE Robotics Ltd.
- Ottobock
- Centaur Robotics.
- tmsuk co., ltd (Rodem)
- Nino Robotics.
- Kinova Inc.
- Cyberworks Robotics
Market Competition:
Acquisitions, expansion, development of an extensive product pipeline and product launches are the key strategies adopted by manufacturers and integrators to increase the consumer base in different geographies.
- In March 2022, Kinnova Inc. launched Link 6, a new generation industrial robot arm for enabling greater efficiency of daily tasks. This is Canada’s first industrial collaborative robot.
- In February 2020, Sunrise Medical acquires Oracing in order to offer suitable products to cater to large audience requirements in the faster-growing market.
- In December 2019, Renault and Nino Robotics signed a new partnership with an aim to change the perception of transport solutions for people suffering from mobility issues.
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Key Market Segments Covered In Robotic Wheelchair Industry Research:
By Wheelchairs:
- Rear-Wheel Drive
- Front-Wheel Drive
- Mid-Wheel Drive
By Application:
- Personal Use
- Commercial Use
By Distribution Channel:
- Home Care Settings
- Rehabilitation Centers
- Online Sales Channel
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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