Robotic Wheelchairs Market Growth Trajectory Through 2024-2033

The Robotic Wheelchairs Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Robotic Wheelchairs Global Market Report 2024, The robotic wheelchairs market size has grown strongly in recent years. It will grow from $11.3 billion in 2023 to $12.27 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to growing awareness about mobility solutions, investments in research and development of advanced mobility devices, rising healthcare expenditure, growing urban populations, and Improve insurance policies covering.

The robotic wheelchairs market size is expected to see strong growth in the next few years. It will grow to $17.13 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to development of infrastructure, growth of e-commerce platforms, enhance safety features, increasing focus on rehabilitation, and focus on remote health monitoring features in wheelchairs. Major trends in the forecast period include improve battery technologies, development of eco-friendly wheelchair solutions, voice-activated robotic wheelchairs, advanced mapping technologies, and use of lightweight materials.

The rising patient pool is expected to propel the growth of the robotic wheelchair market going forward. The patient pool refers to the total number of patients or individuals within a specific demographic or healthcare setting who require medical care or attention. The rising patient pool is driven by factors such as population growth, aging demographics, and increased access to healthcare services. Robotic wheelchairs provide patients with enhanced mobility and independence, enabling them to navigate their environments with adaptive technology that compensates for physical limitations. For instance, in May 2023, according to a report published by the American Hospital Association (AHA), a US-based healthcare trade organization representing hospitals and healthcare networks, the total number of admissions in all U.S. hospitals reached 34,011,386 compared to 33,356,853 in 2022. Therefore, a rising patient pool will grow the robotic wheelchair market.

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The robotic wheelchairs market covered in this report is segmented –

1) By Wheelchair: Rear-Wheel Drive, Front-Wheel Drive, Mid-Wheel Drive
2) By Application: Personal Use, Commercial Use
3) By Distribution Channel: Home Care Settings, Rehabilitation Centers, Online Sales Channel, Other Channels

Major companies operating in the robotic wheelchairs market are developing power wheelchairs with advanced features such as AI integration and autonomous navigation to improve mobility and independence for individuals with disabilities. Power wheelchairs are electrically powered mobility devices that assist individuals with mobility impairments by providing independent mobility. For instance, in January 2024, Robooter, a US-based medical equipment manufacturing company, showcased its innovative power wheelchair X40 at Consumer Electronics Show (CES 2024) in Las Vegas. The X40 is a semi-outdoor, electrically foldable wheelchair designed to address the challenges of lower limb mobility. The X40 includes omnidirectional wheels, remote control, and configurable maximum speed for safety. It provides ample legroom and smooth operation on various terrain without requiring a huge turning radius. It has a long-lasting battery and a user-friendly interface.

The robotic wheelchairs market report table of contents includes:

1. Executive Summary
2. Robotic Wheelchairs Market Characteristics
3. Robotic Wheelchairs Market Trends And Strategies
4. Robotic Wheelchairs Market – Macro Economic Scenario
5. Global Robotic Wheelchairs Market Size and Growth
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32. Global Robotic Wheelchairs Market Competitive Benchmarking
33. Global Robotic Wheelchairs Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Robotic Wheelchairs Market
35. Robotic Wheelchairs Market Future Outlook and Potential Analysis
36. Appendix