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Robotic Wheelchairs Market Insights & Forecast till 2025 | By Application, Distribution Channel, Region And Key Players | Grand View Research, Inc.

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Robotic Wheelchairs Market Insights & Forecast till 2025 | By Application, Distribution Channel, Region And Key Players | Grand View Research, Inc.

July 16
07:50 2020
Robotic Wheelchairs Market Insights & Forecast till 2025 | By Application, Distribution Channel, Region And Key Players | Grand View Research, Inc.

Grand View Research, Inc. – “Market Research And Consulting”.
According to report published by Grand View Research, The global robotic wheelchairs market size is expected to reach a value of USD 142.6 million by 2025, expanding at a CAGR of 9.4% over the forecast period.

The global robotic wheelchairs market size is expected to reach a value of USD 142.6 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.4% over the forecast period. Growing need for independent mobility assistance by the geriatric population with moving disabilities is expected to drive the market. Moreover, rising spending power among the consumers, along with introduction of technologically advanced mobility products by the companies, is expected to drive the market.

Growing penetration of robotic wheelchairs as an artificial assistance due to advanced features such as navigation, detecting obstacles, sensor technology, and artificial intelligence. Presence of people with physical ailments or loss of mental control is expected to increase the demand in the market. According to the Journal of Rehabilitation Research and Development, the NavChair is an assistive navigation system developed with a mobile robot i.e. vector field histogram to avoid obstacles, follow walls, and travel safely.

In 2018, the residential application segment held the largest share of 82.9%. Application of manual wheelchairs for daily life activities increases the dependency level on others. For instance, Toyota, as a part of an agreement with DEKA Research and Development, is making the iBot wheelchairs for climbing stairs. The commercial application segment is expected to expand at a CAGR of 10.8% over the forecast period. Smart future urban mobility research group developed smart wheelchairs that can be used at airports and hospitals. 

 

U.S.A-Robotic-Wheelchairs-Market-Size-by-Application

 

Get PDF sample copy with TOC of Global Robotic Wheelchairs Market Research Report @ https://www.grandviewresearch.com/industry-analysis/robotic-wheelchairs-market/request/rs1

Retail distribution held the largest share of 82.5% in 2018. Reliability of the product is considered to be high in retail stores than other modes of distribution channel. In addition, e-commerce distribution mode is expected to register the fastest CAGR of 11.0% over the forecast period. Ease of accessibility throughout the world for the best smart wheelchairs is a key factor expected to drive the channel over the forecast period. Many companies have their own online platforms and some of them are tying up with others.

North America emerged as the largest regional market with a value of USD 25.0 million in 2018. The region is expected to maintain its lead over the forecast period. Reimbursement of insurance claims, growing aging population, and technological advancements are driving the market. For instance, Massachusetts scientist, Matt Walter and PhD candidate, Sachi Hemachandra launched a voice controlled robotic wheelchair for elder care. Similarly, Invacare Corporation launched a wheelchair with a special technology called G-trac technology for better control system.

Companies are integrating with universities and startups to develop something advance to cater to the needs of the vast consumer base. For instance, Intel collaborated with Brazilian startup Hoobox Robotics to develop a smart wheelchair “wheelie”, which has an access to read facial expressions as human behavior.

Key players in the market include Sunrise Medical LLC; Invacare Corporation; Permobil Corporation; Meyra GmbH; Karman Healthcare; Ottobock SE& Company; Matia Robotics; Upnride Robotics; DEKA Research & Development; and Whill Inc.

Robotic Wheelchairs Market Report Highlights

  • The residential application segment held a dominant share of 82.9% in 2018
  • North America dominated the market in 2018 with a value of USD 25.0 million in 2018. This trend is projected to continue over the next few years
  • Asia Pacific is anticipated to witness high demand on account of increase in requirement for independent mobility
  • The robotic wheelchairs market is highly competitive in nature with the main players including Invacare Corporation, Permobil Corporation, Meyra GmbH, and Karman Healthcare
  • Various manufacturers are concentrating on new product launches and capacity expansion in order to estimate existing and future demand patterns from upcoming product segments.

 

Global-Robotic-Wheelchairs-Market-Share-by-Distribution-Channel

 

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Robotic Wheelchairs Market Segmentation

Grand View Research has segmented the global robotic wheelchairs market on the basis of application, distribution channel, and region:

Robotic Wheelchairs Application Outlook (Revenue, USD Million, 2015 – 2025)

  • Residential
  • Commercial

Robotic Wheelchairs Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

  • Retail
  • E-commerce

Robotic Wheelchairs Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America
    • U.S.
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • Japan
    • China
  • Central & South America
    • Brazil
  • Middle East & Africa
    • UAE

 

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.A based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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Website: https://www.grandviewresearch.com/industry-analysis/robotic-wheelchairs-market