The global robotic wheelchairs market is on track for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 11.5% from 2022 to 2032. According to recent market research, the industry, valued at USD 127.1 million in 2022, is anticipated to achieve an unprecedented milestone, aiming for approximately USD 377.4 million by 2032.
This remarkable trajectory is driven by the widespread adoption of robotic wheelchair technology worldwide. As societies increasingly prioritize inclusivity and enhanced accessibility, there has been a significant surge in demand for advanced mobility solutions. Robotic wheelchairs, known for their cutting-edge features and superior maneuverability, are emerging as transformative solutions for individuals facing mobility challenges.
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Robotic wheelchairs incorporate advanced technologies such as obstacle detection, navigation assistance, and enhanced user interface, catering to diverse user needs and preferences. These innovations are not only improving mobility but also reshaping the landscape of accessibility solutions.
The market’s growth is further bolstered by technological advancements in robotics and increasing investments in healthcare and assistive technologies. As governments and organizations worldwide continue to promote accessibility and inclusivity, the demand for robotic wheelchairs is expected to continue its upward trajectory.
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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Competitive Landscape:
Leading manufacturers of robotic wheelchairs are expanding geographically to boost revenue and enhance their market presence in emerging economies through the acquisition of local players.
Strategic collaborations, product launches, agreements, and research sponsorships are key tactics employed by these manufacturers to drive product sales and solidify their market position.
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.
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)
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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