With surging adoption of power wheelchairs for mobility assistance, the robotic wheelchair market is expected to witness an advancement over the forecast period.
As per Future Market Insights' latest revised industry analysis, the global Robotic Wheelchair Market is set to witness growth at 11.5% CAGR from 2022 to 2032, surpassing US$ 127.1 Million in 2022. And is expected to exhibit an estimated value of US$ 377.4 Million by the end of 2032.
Mobility issues have been an important concern in the elderly population and integrated robotics has enforced the rise in research activities associated with their applications in home-based settings.
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Hence, increasing elderly populations in many regions has paved the way for the commercialization of robotic wheelchairs in emerging regions. Presently, electric wheelchairs are most commonly used at airports, hospitals, theatres, tourist places etc.
Smart wheelchairs are gaining traction on the back of advent of state of the art robotics and advanced electronics. Many elderlies who lead a solitary lifestyle prefer the use of these power wheelchairs and their quality of life, in general, has improved. Owing to these trends, the market is anticipated to register positive traction in growth throughout the forecast period.
The marketplace for robotic wheelchairs is beginning to take hold over the globe with the rising number of advancements in the manufacturing of electric wheelchairs as well as the assistive support provided by them to the target customers.
Leading Companies Profiled in Robotic Wheelchair Market are
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Key Takeaways from Market Study
"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.
Key Market Segments Covered In Robotic Wheelchair Industry Research
By Wheelchairs:
By Application:
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By Distribution Channel:
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.
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 12, 2023