Robotic Wheelchairs Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast | Growth Market Reports

The global robotics wheelchairs market was valued at USD 80 million in 2019, expanding at a CAGR of 10% during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing number of elderly population and physically disabled people across the globe.

Manual wheelchairs bring about dependency on others for daily needs and regular actions. This dependency can be eliminated with help of robot wheelchairs, as these wheelchairs can be controlled with the help of joysticks and do not require another other’s assistance. Robotic wheelchairs can be transformed right into a mattress and can be controlled with the help of the Internet of Things (IoT).

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Robotic wheelchairs have increased the capability of wheelchairs. Integration of latest technologies such as IoT and inclusion of smart sensors and navigational mapping have made robotic wheelchairs a self-sustained solution. The addition of voice command to manipulate the mobility of robot wheelchairs is an upcoming innovation of the market. Voice control could be very useful, in particular for those who've misplaced their frame mobility.

The Research Institute for Central Mechanical Engineering under the Council of Scientific and Industrial Research developed an autonomous intelligent robotic wheelchair that has motorized automatic braking, autonomous path planning, obstacle detection capability, floor level detection, and a small turning radius for mobility.

Market Trends, Drivers, Restraints, and Opportunities:

• Increasing innovation and rising investment investments in the development of advanced robotic wheelchairs, which can augment their capability and flexibility are propelling the market growth.
• Rising numbers of accidents can be a driver for the market growth.
• Increasing disposable income is one of the major drivers of the growth of the market.
• High cost of robotics wheelchairs can restrain the market growth.
• The COVID-19 had disrupted the manufacturing industry. This, in turn, had negatively impacted the supply chain, which had impeded the market growth. However, the market is expected to recover soon.
• The wide range of options available for next-generation robotic wheelchair products is expected to boost the sales, boosting the market growth.

Robotic Wheelchairs Market Segment Insights

Commercial Segment anticipated to grow at a rapid rate

Based on applications, the market is segmented into the residential and commercials. The residential segment dominated the market with a market share of around 80% in 2020. However, the commercial segment is anticipated to expand at a rapid pace during the forecast period. This is due to the increasing adoption of robotic wheelchairs at airports, hospitals, tourist places, and social service homes.

Retail Segment to exhibit a high CAGR

In terms of distribution channels, the robotic wheelchairs market is segregated into retail and e-commerce. The retail segment dominated the robotics wheelchair market owing to the presence of sales associates in the retail store, which eases buying decisions for the consumer. On the other hand, the e-commerce segment is anticipated to exhibit a high CAGR owing to the increasing penetration of smartphones and Internet, which is spurring the growth of the e-commerce segment.

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Regional Outlook

On the basis of regions, the market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the market with a share of more than 30% in 2020. This is attributed to the rising geriatric population and early adoption of latest technologies. The market in the Asia Pacific is anticipated to expand at a CAGR of 10% during the forecast period. Increasing investment in the R&D activities to develop robotic wheelchair targeting consumers in emerging economies such as India and China is expected to propel the market growth in the region.

Competitive Landscape

The major players of the market are Sunrise Medical LLC, Invacare Corporation, Permobil Corporation, Meyra GmbH, Karman healthcare, Ottobock SE & Company, Matia Robotics, Upnride Robotics, DEKA Research & Development, and Whill Inc.

Companies are engaging in partnerships, collaborations, and expanding their product offerings to expand their market share.

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