The global market for robotic wheelchairs is poised for a significant upsurge, with a projected Compound Annual Growth Rate (CAGR) of 11.5% from 2022 to 2032. According to the latest market research, the industry is set to surpass the USD 127.1 million mark in 2022, aiming for an unprecedented value of approximately USD 377.4 million by 2032.
This remarkable growth trajectory is fueled by the escalating adoption of robotic wheelchair technology worldwide. As societies increasingly prioritize inclusivity and enhanced accessibility, the demand for advanced mobility solutions has experienced a substantial surge. Robotic wheelchairs, with their cutting-edge features and superior maneuverability, are emerging as transformative solutions for individuals facing mobility challenges.
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The key drivers behind this exponential growth include:
- Technological Advancements: Robotic wheelchairs are at the forefront of technological innovation, incorporating features such as obstacle detection, autonomous navigation, and connectivity with smart devices, enhancing users’ independence and quality of life.
- Growing Aging Population: With a global rise in the aging population, there is an increased demand for mobility assistance devices. Robotic wheelchairs offer a versatile and efficient solution to address the mobility needs of elderly individuals, promoting active lifestyles and autonomy.
- Focus on Accessibility: Governments, healthcare organizations, and advocacy groups worldwide are intensifying efforts to improve accessibility standards. Robotic wheelchairs play a crucial role in facilitating greater mobility and accessibility in various environments, including homes, public spaces, and workplaces.
- Rising Awareness: Increased awareness about the benefits of robotic wheelchairs among healthcare professionals, caregivers, and end-users is driving their adoption. These devices not only enhance mobility but also reduce the physical strain on caregivers and promote user independence.
As the global market for robotic wheelchairs continues to expand, manufacturers are innovating to meet diverse user needs, focusing on features such as ergonomic design, lightweight construction, and intuitive controls.
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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.
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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