Robotic Wheelchairs Market Overview:
A robotic wheelchair means an electric wheelchair powered by an electric motor instead of a manual feed. They are the improved versions of manual wheelchairs. The robotic wheelchair market covers end users in the commercial and residential segments. In addition, the market includes distribution channels for robotic wheelchairs, such as online sales channels and off-line sales channels.
What is the Size of Robotic Wheelchairs Market?
According to the research report, the global robotic wheelchairs market is anticipated to reach USD 6073.8 million by 2025. The market is expected to expand at a CAGR of 14.83 percent from 2018 to 2025
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Robotic Wheelchairs Market Drivers and Restraints:
The global market of robotic wheelchairs is growing mainly due to the constant increase in the number of elderly and disabled people. In addition, increases in consumer disposable income, research and development, and technological innovations in the industry’s incursion sector are key factors in the growth of the market. The availability of a wide range of next-generation robotic wheelchair products is leading to an increase in the number of consumers. This should boost the market in the coming years. However, the high operating cost of wheelchairs represents a major challenge that limits the growth of the market for these wheelchairs. This is especially true in developing countries. In addition, regular maintenance of wheelchairs increases operating costs, which could limit the market.
Some wheelchairs operate on a battery, which also requires a regular wheelchair load. In addition, the increased use of robotic wheelchairs can lead to a sedentary lifestyle. End users tend to participate in minimal physical activities since they depend completely on these wheelchairs. This can aggravate the problem of obesity and various health problems. Physical inactivity can increase the risk of certain diseases such as cardiovascular disease, anxiety and depression. These factors are likely to hamper the use of robotic wheelchairs by end users.
However, a greater availability of products and a greater awareness of smart wheelchairs with advanced technologies will offer interesting opportunities in the market in the near future.
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Robotic Wheelchairs Market Geographical Insights:
The market for robotic wheelchairs is analyzed in four regions: North America, Europe, Asia-Pacific and LAMEA. North America is expected to dominate the world market during the review period due to the presence of several electric wheelchair manufacturers established in the United States and Canada. The Asia-Pacific market is expected to grow at a rapid pace due to the increase in the geriatric population and spending in emerging nations to meet unmet medical needs.
Robotic Wheelchairs Market – Key Players: Pride Mobility Products Corporation, Invacare Corporation, Drive Devilbiss Healthcare, Permobil Corporation, Karman Healthcare, and Ottobock SE & Co. KGaA are the major players of the market.
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