The global robotic wheelchairs industry demand is set to experience a substantial upswing, with a projected Compound Annual Growth Rate (CAGR) of 11.5% from 2022 to 2032. According to the latest market research, the industry is anticipated to surpass the US$ 127.1 Million mark in 2022, reaching an unprecedented value of approximately US$ 377.4 million by 2032.
This remarkable growth trajectory is attributed to the increasing adoption of robotic wheelchair technology worldwide. As societies strive for inclusivity and improved accessibility, the demand for advanced mobility solutions has witnessed a significant surge. Robotic wheelchairs, with their cutting-edge features and enhanced maneuverability, are emerging as a transformative solution for individuals with mobility challenges.
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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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