The Smart Wheelchair Market is prone to change as a result of market influencing factors such as the rising prevalence of neurological disorders, rising awareness of and demand for automated medical devices, the growing burden of the world’s geriatric population, and the rising levels of disposable income among the target population.
The Smart Wheelchair Market was predicted to reach a size of approximately US$ 150.8 million in 2021 and expand at a CAGR of 7.8% from 2022 to 2032. Side-effect part joystick based smart wheelchairs are anticipated to rule the market with an 85.0% global share in 2021, according to research done by Future Market Insights.
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Some wheelchair users find it difficult or impossible to operate traditional manual or motorised wheelchairs, despite the need of independent movement. It can be challenging to use a wheelchair safely and independently when there are several overlapping physical, cognitive, or perceptual symptoms of conditions such cerebral palsy, amyotrophic lateral sclerosis, cerebrovascular accident, multiple sclerosis, and spinal cord injury. People with a variety of symptom combinations may benefit from various sorts of help from a smart wheelchair as well as various wheelchair shape components.
Hospital environments offer services that include displacing patients for external consultations, testing, analyses, and operations. This is crucial for those who struggle with mobility and balance due to impairments, discomfort, fractures, or anomalies in the lower limbs. Currently, patient transporters take patients to hospitals. Due to its independence, a wheelchair might frequently be used, which would be more advantageous. As a result, there wouldn’t be any delays or failures brought on by a lack of personnel to complete the transfer.
Technological advancements are also shaping the growth of the smart wheelchairs industry for over a decade:
- For instance, In November 2021, Sunrise Medical LLC. announced the launch of its new ZIPPIE® Sphynx™ an on the go, compact, easily transportable wheelchair that can fit within a compact car’s trunk according to the clients’ needs. The market is consolidated with a few key players dominating the industry.
Rising sedentary lifestyle, increasing popularity of ultra-lightweight smart wheelchairs, and increased focus on R&D for smart wheelchairs are some of the key trends of this market. The overall improved technology adoption globally will fuel the demand for smart wheelchairs and the market is likely to expand exponentially over the forecast period. (2022-2032)
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Key Takeaways from this study:
- The joystick based smart wheelchairs hold the highest market share of about 85.0% during the year 2021, expanding at a CAGR of 7.6% during the forecast period.
- Mobility impairment by usage accounts for the largest market value share of more than 40% and is set to expand at a CAGR of 7.2%.
- The healthcare settings as the end users hold a market share of 48.0% in 2021 with an expected CAGR growth of 6.8% during the forecasted years.
- North America is a leading region for the global smart wheelchairs market during the year 2021, accounting for a market share of 37.0%.
“Growing patient awareness regarding smart wheelchairs would fuel the growth of this market globally” says an analyst of Future Market Insights.
Market Competition:
Acquisitions and expansion of existing facilities are some of the strategies adopted by leading manufacturers of the smart wheelchair industry such as Sunrise Medical and Permobil, to further their business and establish a stronger market presence.
- In August 2020, Sunrise Medical announced the completion of a strategic acquisition of paediatric industry leaders, Leckey and Firefly, in order to extend its paediatric product and service portfolio.
- In March 2022, Permobil, a leading player in the wheelchairs industry, announced an investment to expand their R&D and operations facility in Tennessee in order to expand their business.
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What does the report cover?
Future Market Insights offers a unique perspective and actionable insights on the smart wheelchairs market in its latest study, presenting a demand assessment of 2017 – 2021 and projections for 2022 – 2032.
The research is based on product-(joystick based smart wheelchairs and Bluetooth connected smart wheelchairs), usage-(mobility impairment, ocular disability, geriatric group, multiple disability and others), and end-user (healthcare settings, home care settings and public access), and across seven key regions of the world.
Competitive Landscape
Key players in the smart wheelchair industry are focusing on acquisitions to strengthen their market presence and expand into the global market. Keeping their sustainable development goals in mind, the companies also promote new product launches with the incorporation of an array of patient requirements.
Key Companies Profiled:
- Medical Depot, Inc.
- Permobil AB
- Pride Mobility Products Ltd.
- MEYRA GmbH
- DEKA Research & Development Corp.
- tmsuk company limited
- Ottobock
- WHILL Inc.
- Invacare Corporation
- Karman Healthcare, Inc.
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Key Market Segments Covered in the Smart Wheelchair Industry Research
By Product:
- Joystick based Smart Wheelchairs
- Bluetooth Connected Smart Wheelchairs
By Patient:
- Mobility Impairment
- Ocular Disability
- Geriatric Group
- Multiple-Disability
- Others
By End-User:
- Healthcare Settings
- Home Care Settings
- Public Access
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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