As per this study the Global Robotic Wheelchair Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
A robotic wheelchair is the combination of advanced robotic technology and electric wheelchair. It consists of sensors those posses’ capabilities for forward movement, navigating, and detecting obstacles. It is a safe, highly stable wheelchair that provides mobility assistance to the person onboard.
Rising elderly population, increasing road accidents resulting into higher count of physically disabled persons is driving the demand for robotic wheelchairs. Ongoing R&D and technological advancement is likely to produce demand for next generation robotic wheelchairs. Advantages such as IoT compatibility, navigation, obstacle sensors are further pushing the market demand higher. On the flip side, high operational cost of the product may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of Robotic wheelchair.
The broad Robotic wheelchair market has been sub-grouped into drive type, application and distribution channel. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Drive Type
By Distribution Channel
- Rear Wheel Drive
- Front Wheel Drive
- Mid-Wheel Drive
- Online Channel/Direct Sales Channel
- Offline Channel
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for Robotic wheelchair in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Robotic Wheelchair Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Robotic wheelchair market include Cyberworks Robotics Inc., DEKA Research & Development Corp, Drive Devilbiss Healthcare Limited, GF Health Products Incorporation, Hoveround Corporation, Invacare Corporation, Karman Healthcare, LEVO AG, MEYRA GmbH, Ottobock SE & Co. KGaA, Permobil Corporation, Pride Mobility Products Corporation, ReSymmetry and Sunrise Medical Limited among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.