Global Robotic Wheelchairs Market 2018-2022
About Robotic Wheelchairs
Robotic wheelchair are powered wheelchairs with extended features of navigational intelligence. These wheelchairs are equipped with sensors, assistive technologies, and controllers to manage movement.
Technavio’s analysts forecast the global robotic wheelchairs market to grow at a CAGR of 23.84% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global robotic wheelchairs market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of robotic wheelchairs.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Robotic Wheelchairs Market 2018-2022
Technavio recognizes the following companies as the key players in the global robotic wheelchairs market: DEKA Research & Development, Matia Robotics, Investor, Sunrise Medical, UPnRIDE Robotics, WHILL
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Solar-powered robotic wheelchairs. Robotic wheelchairs require a continuous power supply and battery backup to perform their functions. The present batteries provide backup for only 6-8 hours. Though heavy batteries offer continuous backup, they are not suitable for the robots used for assisting people with disabilities and injuries. Also, the growing number of people demanding handicap-assistance robots globally is boosting the market demand for robotic”
According to the report, one of the major drivers for this market is Aging population in developed countries. The increase in the aging population is another main factor that drives the growth of the global robotic wheelchairs market. It is expected that by 2050, Japan, Italy, Germany, and Singapore will have more than 35% of their population above the age of 65. The UK, the US, and Canada will also have around 25% of their population at this level.
Further, the report states that one of the major factors hindering the growth of this market is High selling price of robotic wheelchairs. One of the major challenges faced by the global robotic wheelchairs market is the high price of robotic wheelchairs. The average selling price (ASP) was $7,312 in 2017 for a robotic wheelchair enabling movement with the help of controllers. However, the prices can go up to $50,000 with additional features such as navigation assistance, cloud computing, mapping, and machine learning.
DEKA Research & Development, Matia Robotics, Investor, Sunrise Medical, UPnRIDE Robotics, WHILL
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