Global Robotic Wheelchairs Market

Robotic Wheelchairs Market Size, Share, Growth Analysis, By Technology (Smart, Power), By Control Mechanism (Manual, Semi-Autonomous), By Driver Location, By Application, By Region - Industry Forecast 2025-2032


Report ID: SQMIG25A2330 | Region: Global | Published Date: November, 2024
Pages: 220 | Tables: 59 | Figures: 70

Robotic Wheelchairs Market Dynamics

Drivers

Growing Older Population is Driving the Market

  • Increasing population, independence of movement, accident victims and people requiring simple mobility assistance are the major drivers for the global robotic wheelchairs market during the forecast period affecting the consumption an increased consumer income in emerging economies, technological innovation and strong R&D. The associations, the increasing number of older people and the inability of obese individuals to perform demanding jobs their good mobility is driving demand for robotic wheelchairs.

Commercial And Technological Developments are Driving this Market

  • The increasing use of robotic wheelchairs in hospitals, airports, tourist destinations and social service houses is expected to fuel the growth in the commercial segment of the robotic wheelchairs market during the forecast period. In Singapore, for example, Panasonic and Will Inc. has developed an autonomous robotic wheelchair that can be controlled by a smartphone and used in hospitals and airports where robotic wheelchairs are used in commercial areas such as hospitals, airports, primary care homes and tourist attractions go there. Artificial intelligence and sensors are reducing weight from robotic wheelchairs. In the global robotic wheelchairs market, this has placed more emphasis on research and development.

Restraints

Undervalued Debt Hampers the Market

  • Due to the high cost of robotic wheelchairs, only wealthy patients can afford them. Because power wheelchairs are expensive, they can be maintained by a limited number of facilities, such as small hospitals and hospitals. This is the main factor controlling market growth. Consequently, there is an urgent need to address this issue.

Cost-effective Maintenance-free Procedures

  • Patient demand for cost-effective maintenance-free procedures is expected to pose a major challenge to the global robotic wheelchairs market. Despite favorable reimbursement opportunities, factors such as technical errors and returns came may restrain the growth of this market.
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FAQs

Global Robotic Wheelchairs Market size was valued at USD 100 million in 2022 and is poised to grow from USD 126 million in 2023 to USD 280 million by 2031, growing at a CAGR of 10.8% during the forecast period (2024-2031).

The competitive environment of the Global Robotic Wheelchairs Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. During the forecast period, the demand for robotic wheelchairs is expected to evolve from independent mobility, elderly people, accident victims and people requiring assistance in mobility by the industry for the new developments in the market. Key players in the robotic wheelchair market include Sunrise Medical LLC, Invacare Corporation, Parmobil Corporation, Meyra GmbH, Karman Healthcare, Otobok SE & Co., and Matia Robotics, Upnaride Robotics, Deka Research and Development, and Will Inc. 'Sunrise Medical LLC ', 'Invacare Corporation ', 'Permobil Corporation ', 'Meyra GmbH ', 'Karman healthcare ', 'Ottobock SE & Company ', 'Matia Robotics ', 'Upnride Robotics ', 'DEKA Research & Development ', 'Whill Inc. ', 'DEKA Research and Development Corp. ', 'Honda Motor Co. Ltd. ', 'Matia Robotics ', 'Merits Health Products Co. Ltd. ', 'Kinova Robotics'

Increasing population, independence of movement, accident victims and people requiring simple mobility assistance are the major drivers for the global robotic wheelchairs market during the forecast period affecting the consumption an increased consumer income in emerging economies, technological innovation and strong R&D. The associations, the increasing number of older people and the inability of obese individuals to perform demanding jobs their good mobility is driving demand for robotic wheelchairs.

Rising Emergence of Smart Devices: The emergence of smart devices, wearable devices, artificial intelligence and machine learning in power wheelchairs will create a favorable environment for robotic wheelchair manufacturers. With increasing emphasis on research and development of sensors, Internet of Things is expected to provide significant growth opportunities in the market. Additionally, the robotics industry’s growing interest in developing software for mobility-related disciplines will further expand the scope of manufacturing processes. For example, in December 2021, IRIS, a European SME specializing in innovative technologies, received HORIZON EU funding to develop an app that could provide self-driving manual wheelchairs. The goal of this technology is to combine electric power with self-driving cars and its design to fit any wheelchair.

North America is dominating the market and held the largest market share at 33.0 percent due to the US. due to growing demand. Robotic wheelchairs for mobility assistance are being introduced mainly due to the rapid adoption of technology and increasing aging population e.g., University of Toronto Engineering Department and Institute of Aerospace Studies (UTIAS) and CyberWorks Robotics Inc. collaborated on wheelchair robotic automation The supply chain was moving this market.

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Global Robotic Wheelchairs Market

Report ID: SQMIG25A2330

$5,300
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