Thursday, May 21, 2020

Robotic Wheelchairs Market Analytical Insight & Outlook Report 2025


Global Robotic Wheelchairs market report offers the latest industry trends, technological alteration and forecast data. A deep-dive view of the industry based on its size, growth, development plans, and opportunities is offered by this report. The forecast information, SWOT analysis, Robotic Wheelchairs barriers, and feasibility study are the vital aspects evaluated in this report.

The scope of the global Robotic Wheelchairs Market was priced by US$ 75.8 million in 2018. It is likely to record a CAGR of 9.4% during 2019 to 2025 and is projected to touch a value of US$ 142.6 million by the completion of 2025. The robotic wheelchair are electrical power-driven wheelchairs, in place of a manual force and having additional features of intelligence and navigation. These are the better-quality types of physical driven wheelchairs. These wheelchairs are furnished with assistive equipment, controllers and sensors to accomplish movement.


Some of the major objectives of this report:
1. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Robotic Wheelchairs Market.
2. To provide insights about factors affecting the market growth. To analyze the Robotic Wheelchairs Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.
3. To provide historical and forecast revenue of the Robotic Wheelchairs Market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.
4. Country level analysis of the market with respect to the current market size and future prospective.
5. To provide country level analysis of the market for segment by application, product type and sub-segments.
6. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
7. Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Robotic Wheelchairs Market.

Drivers:
Increasing cases of momentary and perpetual movement disability, increasing elderly people, and overweight persons who are unable to take part in doings that needs even movement are motivating the demand for robotic wheelchairs. The increasing populace of physically immobilized persons will be one of the principal motivator for the development of the global robotic wheelchairs industry. It has been witnessed that on an average persons in the nation states like Spain, Italy, Singapore, Australia and Japan pass more than six years of their life time having incapacities that have an allotted span of more or less 70 years. The use of manually driven wheelchairs for everyday purposes and normal activities outcomes in dependency on others.

This is inspiring the companies to present robotic wheelchairs those are flexible to be transformed into a bed, do not necessitate help from others, and can be organized by means of the assistance of Wi-Fi or mobile applications. These aspects will motivate the development of the robotic wheelchair market for the duration of the forecast.

Regional Lookout:
By Region the global robotic wheelchairs market can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The North America was responsible for the biggest share of 33.0% due to growing demand from the U.S.A., in 2018. Timely implementation of technology and increasing population of aged persons are the most important reasons motivating the manufacturing companies and medical research institutes to present robotic wheelchairs for the help of independent movement. For example, the Department of Engineering, University of Toronto and the Institute for Aerospace Studies (UTIAS) team up with Cyber works Robotics Inc. for robotic mechanization in wheelchairs. Growing aged people and compensation form healthcare insurance suppliers are motivating the robotic wheelchair industry.

Asia Pacific has appeared such as an increasing business for the robotic wheelchairs and is likely to record a CAGR of 10.0% during the period of forecast. Technical progression by startups and companies for the suitability of motionless population is an important feature motivating the demand within the region.

Companies:
The manufacturing companies are progressively concentrating on the activities of research & development to develop progressive and smart features to help persons suffering by motion incapacities. These creativities are likely to cause augmented use of robotic wheelchairs. For example, Whill Inc. offers a model of wheelchair M for the purpose of domestic use, together with its partner in California. The product is furnished with 5D robotics hardware and software that gathers information with the support of LIDAR sensor and GPS involved in it.

Some of the important companies for robotic wheelchairs market are: Whill Inc., UPnRIDE Robotics Ltd., Otto bock SE & Company, Meyra GmbH, Invacare Corporation, DEKA Research & Development, Matia Robotics, Karman healthcare, Per Mobil Corporation, Investor and Sunrise Medical LLC.





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