Robotic Wheelchair Market By 2022 to 2032: Growth Projections and Analysis

 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.

Get Your Report Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-12043

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.

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)

Comments

Post a Comment

Popular posts from this blog

Beyond COVID-19: A Look at Vaccines Market Post-Pandemic From 2023 to 2033

Image
 In recent years, the Vaccines Market has undergone a dramatic transition brought on by ground-breaking scientific discoveries and the pressing need for universal immunisation. The COVID-19 pandemic acted as a stimulus for a surge in vaccine demand that has prompted academics and pharmaceutical corporations to develop at a previously unheard-of rate. This blog examines the changing market environment for vaccines, highlighting significant trends, difficulties, and opportunities. Technology advancements like mRNA and vector-based platforms have completely changed how vaccines are developed. These innovative techniques have proven to be remarkably effective against contagious illnesses like COVID-19, opening the door for the development of new vaccines. In response to the pandemic, mRNA vaccines were developed and distributed quickly, showcasing the promise of these ground-breaking technology. Supercharge Your Knowledge: Dive into the Booming Vaccines market with Our Sample Report @ ht
Read more

Key Players Shaping the 3D Cell Culture Market: By 2022 to 2031

Image
  The global 3D cell culture market is anticipated to account for a growth rate of around 9.8% over the forecast period from 2022 to 2031. The global market is expected to account for around US$ 1.15 Billion in 2022 and attain a valuation of US$ 2.67 Billion by 2031. According to the analysis done by Future Market Insights, the global 3D cell culture market accounted for a CAGR of 4.8% in 2021. During the historical period of 2016 to 2021, the 3D cell culture market expanded at a CAGR of 7.1%. According to the studies conducted by Future Market Insights, the comparative analysis along with the market growth rate of the global 3D cell culture market is expected to show a negative BPS growth in the H1-2022 outlook as compared to H1-2022 projected period by 10 BPS, However, a positive BPS growth is expected in H1-2022 over H1- 2021 duration with 02 Basis Point Share (BPS). The global 3D cell culture market observes a drop in the BPS values owned to its disadvantage as compared to surface
Read more

Technological Advancements Fueling the Physiotherapy Equipment Market By 2023 to 2033

 The physical well-being and quality of life of people who are recuperating from injuries or who have chronic diseases are greatly enhanced by physical therapy. The Physiotherapy Equipment Market has experienced growth in tandem with the increase in demand for physiotherapy services. Due in large part to technological innovation, the prevalence of neurological and musculoskeletal illnesses is rising, and this sector of the economy is expanding quickly. The market for physiotherapy equipment has a large selection of gadgets and instruments made to help with the healing process. The industry has made considerable strides to meet a variety of treatment demands, from heat and cold therapy devices to electrotherapy machines and therapeutic exercise equipment. These contemporary resources help physiotherapists deliver more focused care, increase patient results, and enrich the therapeutic process as a whole. Grab Your Exclusive Report: Unveiling the Spectacular Growth of the Physiotherapy E
Read more