Robotic Wheelchairs Market Size, Share, Growth Analysis, By Applications(Residential and Commercials), By Distribution Channels(Retail and E-commerce) - Industry Forecast 2024-2031

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.