USD 106.21 Billion
Global Robotic Wheelchairs Market Size, Share, Growth Analysis, By Applications(Residential and Commercials), By Distribution Channels(Retail and E-commerce) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2247 |
Region:
Global |
Published Date: April, 2024
Pages:
220
|
Tables:
59 |
Figures:
70
Global Robotic Wheelchairs Market Insights
Global Robotic Wheelchairs Market size was valued at USD 106.21 Billion in 2022 and is poised to grow from USD 116.65 Billion in 2023 to USD 246.97 Billion by 2031, growing at a CAGR of 9.83% in the forecast period (2024-2031).
The commercial segment is estimated to record the highest CAGR during the forecast period owing to increased adoption of robotic wheelchairs in airports, theme parks, hospitals and tourist destinations. The changing lifestyle for global robotic wheelchairs market for business develops. The robotic wheelchair combines intelligent robotic technology with an electric wheelchair. It is an advanced wheelchair that uses sensors and artificial intelligence to navigate, detect obstacles and move automatically. Robotic wheelchairs are advanced manual wheelchairs. There are different types in the market. These devices can make life easier for many people with disabilities, especially those with mild disabilities, by increasing their mobility.
Steady growth in the number of elderly and disabled people, increase in disposable income of consumers, increase in R&D, increase in demand for advanced wheelchairs from sports facilities, and technology of attack technology innovations in industry are the main drivers of the robots. The availability of various technologically advanced robotic wheelchair accessories has increased the number of customers. This is expected to drive market growth in the coming years.
Although, the major challenge to the growth of the global robotic wheelchairs market is high labor costs and lack of knowledge about robotic wheelchairs, this is especially true in developing economies. Additionally, regular wheelchair maintenance increases operating costs. Some wheelchairs are battery operated, which also require the wheelchair to be plugged in regularly.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Commercial
Fastest Growth
Residential
Growth Rate
9.83% CAGR
Global Robotic Wheelchairs Market ($ Bn)
Country Share for North America Region (%)
Global Robotic Wheelchairs Market By Application ($ Bn)
Global Robotic Wheelchairs Market By Application (%)
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Global Robotic Wheelchairs Market Segmental Analysis
Based on applications, the market is segmented into residential and commercials. In terms of distribution channels, the robotic wheelchairs market is segregated into retail and e-commerce. Based on regions, the market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
Analysis by Distribution Channels
The e-commerce segment is dominating the market and advanced technology will bring new opportunities to the market. Leading brands in this industry are partnering with online retailers to increase their customer base and expand product availability. Additionally, e-portals are being introduced to facilitate the buying process of customers. In addition, robotic features were incorporated into the product due to advanced technology incorporated into powered wheelchairs. Benefits of this wheelchair include Internet of Things, navigation models and sensors. To promote free assistance, companies have developed wheelchairs with robotic features. For instance, the Central Mechanical Engineering Research Institute of the Scientific and Technical Research Council has developed an intelligent autonomous robotic wheelchair with automatic braking with mechanical, self-regulating course, able obstacles detection, ground level detection, and Features such as a small bending radius for inclusive navigation.
Retail outlets play an important role in the global robotic wheelchairs market by acting as the primary channel for consumers to access and purchase these products. Retail chains allow customers to access a robotic wheelchair at physical stores or online platforms. This availability increases consumer awareness and encourages the use of robotic wheelchairs in individuals with limited mobility. Dealers are offering potential customers the opportunity to experience and learn about robotic wheelchairs themselves. Through product demonstrations and knowledgeable staff, salespeople educate consumers on the features, benefits and functionality of a robotic wheelchair to help them make informed purchasing decisions.
Analysis by Applications
Commercial is the dominating segment in the 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 global robotic wheelchairs market during the forecast period. In Singapore, Panasonic and Will Inc. has developed autonomous robotic wheelchairs that can be controlled by smartphones and used in hospitals and airports along with robotic wheelchairs in commercial areas such as hospitals, airports, primary care homes and tourist attractions. Artificial intelligence and sensors are reducing weight from robotic wheelchairs. In the robotic wheelchair market, this has placed more emphasis on research and development.
Residential applications accounted for 82.9 percent of the total market share. Robot wheelchairs are gaining household popularity for their ability to provide independent assistance in indoor activities. By combining brain and neural network technology, Dr. Nicholas of Universidad Miguel Hernández in Spain has developed a robotic wheelchair for internal research.
Global Robotic Wheelchairs Market By Application (%), 2022 (%)
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Global Robotic Wheelchairs Market Regional Insights
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.
Asia-Pacific has emerged as a growing global robotic wheelchairs market and is expected to grow at a CAGR of 10% during the forecast period The demands of this segment are primarily driven by technological advancements by companies and industries as they are starting to make it easier for people to live. Research on wheelchair types in Taiwan developed an intelligent robotic wheelchair with navigation software and obstacle detection for the elderly and disabled Chiba Institute of Technology (CIT) and other universities and institutions many developed robotic wheelchairs, such as the Robotic Wheelchair and the Self-E Wheelchair and use the control system.
Global Robotic Wheelchairs Market By Geography, (2024-2031)
- Largest
- Fastest
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Global 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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Global Robotic Wheelchairs Market Competitive Landscape
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.
Top Player’s Company Profiles
- 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
Recent Developments
- In March 2022, Myera GmbH through Netti introduced the Netti Dynamic Adaptpro product line. The product offers a complete dynamic configuration, effortless maneuverability and a 500mm turning radius without leg support.
- In October 2021, Magic Mobility has introduced the Extreme X8, Frontier V6, and children’s wheelchairs that are hybrid in nature thanks to the articulated frame technology used in the manufacture of these robotic wheelchairs that provides storage spaces and with room and because external purposes meet.
- In November 2021, Ottobeck acquired suitX, a company specializing in commercial and medical orthopedic research and development.
Global Robotic Wheelchairs Key Market Trends
- 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.
Global Robotic Wheelchairs Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The rapid growth of robotic wheelchairs in the global market is providing new incentives for savvy consumers to buy this product. Even though robotic wheelchairs are sold at a premium, manufacturers see an opportunity to absorb this segment sooner rather than later. What, the latest development in robotic wheelchairs that allows them to be interchangeable and they can be changed. Advancements made wheelchairs a self-help answer for disabled Furthermore, extending sound systems to address the versatility of robotic wheelchairs is considered as an important paradigm in robotic wheelchairs market. In any case, there are a couple of ground players with strong networks in different counties. Organizations strengthen their position by constantly deploying new business (R&D) resources to find answers to the constraints of customer needs.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 106.21 Billion |
| Market size value in 2031 | USD 246.97 Billion |
| Growth Rate | 9.83% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Robotic Wheelchairs Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Robotic Wheelchairs Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Robotic Wheelchairs Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Robotic Wheelchairs Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Robotic Wheelchairs Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Robotic Wheelchairs Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Robotic Wheelchairs Market Report Snapshots
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