Robotic Wheelchairs Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2025
The global robotic wheelchairs market size is expected to reach a value of USD 142.6 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.4% over the forecast period. Growing need for independent mobility assistance by the geriatric population with moving disabilities is expected to drive the market. Moreover, rising spending power among the consumers, along with introduction of technologically advanced mobility products by the companies, is expected to drive the market. Growing penetration of robotic wheelchairs as an artificial assistance due to advanced features such as navigation, detecting obstacles, sensor technology, and artificial intelligence. Presence of people with physical ailments or loss of mental control is expected to increase the demand in the market. According to the Journal of Rehabilitation Research and Development, the NavChair is an assistive navigation system developed with a mobile robot i.e. vector field histogram to avoid obstacles, follow walls, and travel safely. In 2018, the residential application segment held the largest share of 82.9%. Application of manual wheelchairs for daily life activities increases the dependency level on others. For instance, Toyota, as a part of an agreement with DEKA Research and Development, is making the iBot wheelchairs for climbing stairs. The commercial application segment is expected to expand at a CAGR of 10.8% over the forecast period. Smart future urban mobility research group developed smart wheelchairs that can be used at airports and hospitals.