Robotic Wheelchairs Market is on a trajectory to hit US$ 377.4 Million by 2032, offering vital support for elderly mobility | FMI

According to Future Market Insights’ most recent revision of its industry analysis, from 2022 to 2032, the global robotic wheelchairs market is expected to develop at a compound annual growth rate of 11.5%, surpassing US$ 127.1 million. It is anticipated to have a value of approximately US$ 377.4 Million by the year 2032.

Mobility problems have been a major issue for the aged population, and integrated robotics has driven an increase in research efforts related to their use in residential settings.

As a result, the growing number of senior citizens in many areas has prepared the road for the sale of robotic wheelchairs in developing areas. Currently, airports, hospitals, theatres, tourist destinations, etc. are where electric wheelchairs are most frequently used.

Get your report sample to gain comprehensive insights! https://www.futuremarketinsights.com/reports/sample/rep-gb-12043

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.

Key Takeaways from Market Study:

• By wheelchair, the mid-wheel drive type is expected to hold a 45.0% market value share in 2021, and is expected to display a CAGR growth of 9.3% over the forecast period.
• The personal use application is leading with 69.0% of the market share in 2021 and is expected to register a CAGR of 10% by the end of 2032.
• By distribution channel, home care settings hold a higher share of 53% in the robotic wheelchair market in 2021.
• North America is slated to be the leading region with a value share of 36.4% in 2021 owing to rising geriatric population along with the high demand for smart wheelchairs and early adoption of the technologically advanced product.

 “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.

Should You Have Any Queries, Our Analyst Is Here To Assist You! https://www.futuremarketinsights.com/ask-question/rep-gb-12043

Leading Companies Profiled in Robotic Wheelchair Market are:

• Sunrise Medical LLC
• WHILL Inc
• Permobil
• MEYRA GmbH
• Matia Robotics, Inc.
• Karman Healthcare, Inc.
• UPnRIDE Robotics Ltd.
• Ottobock
• Centaur Robotics.
• tmsuk co., ltd (Rodem)
• Nino Robotics.
• Kinova Inc.
• Cyberworks Robotics

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.

• In March 2022, Kinnova Inc. launched Link 6, a new generation industrial robot arm for enabling greater efficiency of daily tasks. This is Canada’s first industrial collaborative robot.
• In February 2020, Sunrise Medical acquires Oracing in order to offer suitable products to cater to large audience requirements in the faster-growing market.
• In December 2019, Renault and Nino Robotics signed a new partnership with an aim to change the perception of transport solutions for people suffering from mobility issues.

Elevate Your Brand: Explore the Insights from Our Customization Report! https://www.futuremarketinsights.com/customization-available/rep-gb-12043

Key Market Segments Covered In Robotic Wheelchair Industry Research:

By Wheelchairs:

• Rear-Wheel Drive
• Front-Wheel Drive
• Mid-Wheel Drive

By Application:

• Personal Use
• Commercial Use

By Distribution Channel:

• Home Care Settings
• Rehabilitation Centers
• Online Sales Channel
• Others

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube