Global Robotic Wheelchairs Market by Application (Residential, Commercial), by Distribution Channel (Retail, E-commerce) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global robotic wheelchairs market was worth USD 75.8 millions in 2018. It is projected to grow at a compound annual rate (CAGR of 9.4%) between 2019 and 2025. Robotic wheelchairs are in high demand due to rising instances of permanent and temporary mobility impairments, growing elderly population, and people who can't do activities that require smooth movement.

Manufacturers are putting more emphasis on research and development to create smart, advanced features that assist people with mobility disabilities. This will lead to increased use of robotic wheelchairs. Whill Inc., for example, provides a M wheelchair model for residential use with its California partner. It is equipped with 5D robotics software, hardware and hardware that collect data using HTML3_ and LiDar sensors attached to it.

The product now features robotic technology thanks to its integration of advanced technology into powered wheel chairs. These wheelchairs offer many benefits, including navigational mapping, sensors, and internet of things. Companies are developing wheelchairs with robotic features to promote mobility assistance. The Central Mechanical Engineering Research Institute of the Council of Scientific and Industrial Research has developed an autonomous robotic wheelchair that can be used for mobility. It includes features like motorized automatic brake, autonomous path planning and obstacle detection.

Due to increasing geriatric populations, high purchasing power and technological advances, countries such as the U.K., India, China, and China are seeing a substantial demand for robotic wheelchairs. According to the National Technical University of Athens (NTUA), technology initiatives taken by European companies for the disabled and elderly are focusing on autonomous robotic chairs with the support of various projects, such as the MANUS Project for daily tasks and the smart-chair project for commercial applications.

Application Insights

In 2018, the residential segment was responsible for 82.9% of the market. Because it provides independent mobility assistance indoors, robotic wheel chairs are gaining popularity in residential use. A robotic wheelchair with brain neural computer interaction technology has been developed by Professor Nicholas of Universidad Miguel Hernandez in Spain.

Over the forecast period, the commercial sector will grow at a 10.8% CAGR. The increasing use of robotic wheelchairs in hospitals, tourist spots, airports, and social services homes is expected to drive this segment to significant growth. The self-driving robot wheelchair operative was launched by Panasonic and Whill Inc at the Singapore MIT Alliance for Research and Technology. It is currently being used at Tokyo's Haneda International Airport and Singapore's Changi General Hospital.

Distributional Channel Insights

The robotic wheelchair market was worth USD 62.5 millions in 2018, according to the 2018 retail distribution channel. This category is gaining popularity due to its advantages such as the ability to scan the product before purchasing, free demonstrations and the presence of an associate who can help them understand the benefits and applications of the technology used in the wheelchairs. Sunrise Medical, Whill Inc. and Matia Robotics all have stores. They have also partnered with other companies to better serve the large consumer base.

The e-commerce channel will grow at 11.0% between 2019 and 2025, according to the opposite. Companies are working with online retailers to expand their reach and introduce their e-portals, such as madeinchina.com, healthvistas.com or seniority.in.

Regional Insights

Due to the increasing U.S. demand, North America was responsible for 33.0% of the total market share in 2018. Companies and medical research centers are urging robotic wheelchairs to be introduced for autonomous mobility assistance. Cyberworks Robotics Inc. was formed by the University of Toronto's Engineering Department, and the Institute for Aerospace Studies. The market is driven by the growing geriatric population, and reimbursement from healthcare insurance providers.

Invacare Corporation, for example, launched a wheelchair TDXSP2 with LiNX Technology. It also features G-Trac Technology to improve control over obstacles. The U.S. scientists also developed a mind-controlled robotic wheelchair for the severely disabled.

Asia Pacific is a rapidly growing market for robotic wheelchairs. It is predicted that the industry will grow at 10.0% CAGR over the forecast period. The region is driven by startups and companies that use technological advancement to make it easier for immobile people.

In Taiwan, a cross-disciplinary research program developed smart robotic wheelchairs with obstacle detections and navigation software for seniors and disabled people. Many universities and institutes, such as Chiba Institute of Technology(CIT), have developed robotic wheelchairs like the chiba robot wheelchair and Self-E wheelchair. These wheelchairs are powered by sensor LiDar and a robotic operating system.

Market Share Insights & Key Companies

The demand for robotic wheelchairs is expected to rise over the forecast period due to the increasing independence of people with mobility impairments, the aging population, accidents victims and those in need. New developments are being made by companies.

Magic Mobility's Extreme X8, Frontier V6 and Pediatric wheelchairs are hybrids. This is due to the articulated frame technology that was used in manufacturing these robotic wheelchairs. It provides rehabilitation positions and compatibility for both indoor and outdoor use. Invacare also launched pediatric wheelchairs like the pronto M71 Jr, Power Tiger, and MK6i Electronics. Toyota Motor East Japan, Inc. also launched patrafour with a special front wheel design and all-wheel drive design. The market leader in robotic wheelchairs is:

• Sunrise Medical LLC

• Invacare Corporation

• Permobil Corporation

• Meyra GmbH

• Karman healthcare

• Ottobock SE & Company

• Matia Robotics

• Upnride Robotics

• DEKA Research & Development

• Whill Inc.

Up Market Research published a new report titled “Robotic Wheelchairs Market research report which is segmented by Application (Residential, Commercial), by Distribution Channel (Retail, E-commerce), By Players/Companies Invacare Corporation, DEKA Research & Development, Whill Inc, Ottobock SE & Company, Karman healthcare, Meyra GmbH, Sunrise Medical LLC, Upnride Robotics, Matia Robotics, Permobil Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Robotic Wheelchairs Market Report Segments:

The market is segmented by Application (Residential, Commercial), by Distribution Channel (Retail, E-commerce).

Robotic Wheelchairs Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Robotic Wheelchairs Market

Overview of the regional outlook of the Robotic Wheelchairs Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Robotic Wheelchairs Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Robotic Wheelchairs Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Residential

                2. Commercial

                1. Retail

                2. E-commerce

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Robotic Wheelchairs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Robotic Wheelchairs Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.