Smart Wheelchair Market Would Rocket up to USD 285.38 million by 2029

PRESS RELEASE
Published July 24, 2023

Smart Wheelchair MarketAll the data and information included in the finest Global Smart Wheelchair Market report is drawn from incredibly reliable sources such as websites, annual reports of the companies, white papers, journals, newspapers, and mergers. Moreover, this market research report combines all-inclusive industry analysis with precise estimates and forecasts to provide complete research solutions with maximum industry clarity for strategic decision making. Market research report implementation is becoming very crucial for the successful businesses as it provides insights into revenue growth and sustainability initiative. Global Smart Wheelchair Market research report endows with an actionable market insight with which sustainable and profitable business strategies can be built.

Data Bridge Market Research analyses that the smart wheelchair market which was USD 150.8 million in 2021, would rocket up to USD 285.38 million by 2029, and is expected to undergo a CAGR of 8.3% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Smart wheelchairs have made considerable advances in the field of mobility assistive technologies in recent years. Increasing use of smart wheelchairs, particularly in the commercial sector, such as airports, hospitals, tourist attractions, educational institutions, and the healthcare industry, is expected to enhance demand during the forecast period. The usage of smart wheelchairs is encouraged by the focus on increased safety and quality issues. The mechanically operated smart wheelchair is a self-moving device that responds to user commands. As a result, using a wheelchair requires less force and human effort from the user. Additionally, it gives those who are physically or visually challenged the chance to move from one location to another.

Market Definition

A smart wheelchair is a power wheelchair (PWC) that collects information on driver behavior and interaction with their environment. No upper body strength is necessary to operate these electric wheelchairs. Additionally, users with restricted arm or hand movement are thought to benefit greatly from these wheelchairs. The mobility of this electric wheelchair is made possible by a straightforward joystick movement.

Drivers

  • Increasing number of patients with diseases

The market for smart wheelchairs is expected to grow during the forecast period of 2022–2029 due to factors including the rising number of patients with neurological disorders, rising demand for automated medical devices, an increase in the global geriatric population, and rising levels of disposable income. On the other hand, increasing applications from developing nations and rising demand for advanced electric wheelchairs from the sports industry will both create new chances for the growth of the smart wheelchair market throughout the forecast period.

  • Increasing popularity of home healthcare

In addition, the rise in the incidence of people with physical impairments, the growing popularity of home healthcare, and overall development in the number of road traffic accidents leading to limited mobility are some of the major factors driving the demand for smart wheelchairs globally.

  • Technological advancements

Over the past few years, technological advances in the fields of patient care, home care, assisted living, elder care products and services have taken precedence for efficient patient management. Therefore, smart wheelchair advancements are used in hospitals, rehab centers, among others.

Recent Development

  • In December 2021 IRIS, a European SME that specialises in creating cutting-edge technology, obtained HORIZON EU funding to create an app that allows a manual wheelchair to be driven automatically. The product is based on a system that combines electric power with smart driving, a modular design that works with any wheelchair, and adaptable technology.
  • The Merya Group announced in August 2020 that it will purchase TA Services A/S, a market leader in high-end powered wheelchairs in Denmark. Merya’s position in the Danish wheelchair market was strengthened as a result of this acquisition.

Some of the major players operating in the smart wheelchair market are:

  • INVACARE CORPORATION (U.S.)
  • MEYRA GROUP GMBH (Germany)
  • SUNRISE MEDICAL (Germany)
  • OTTOBOCK (Germany)
  •  MATIA ROBOTICS (U.S.)
  •  KARMAN HEALTHCARE INC (U.S.)
  •  PITSCO EDUCATION LLC (U.S.)
  •  WHEEL INC (U.S.)
  • MEDICAL DEPOT INC (U.S.)
  •  Permobil AB
  • WHILL Inc (Japan)
  • Pride Mobility Products Corp. (U.S.)
  • Quantum Rehab (U.S.)
  • GF Health Products Inc. (U.S.)
  • Karman Healthcare Inc. (US.)
  • Levo AG (Switzerland)
  • UPnRIDE Robotics Ltd. (Israel)
  • DEKA Research & Development Corp (U.S.)

To Gain More Insights into the Market Analysis, Browse the Summary of the Research Report@  https://www.databridgemarketresearch.com/reports/global-smart-wheelchair-market?Shri

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Top Key Topics Covered:

  1. Strategic Imperatives
  • Factors Creating Pressure on Growth
  • The Strategic Imperative
  • Growth Opportunities Fuel the Growth Pipeline Engine
  • Research Methodology
  1. Scope and Segmentation
  • Research Context and Scope of Analysis
  • Segmentation
  • Other Techniques for This Research Report Management
  1. Growth Opportunity Analysis
  • Growth Drivers
  • Growth Restraints
  1. Introduction
  • The Impact of the COVID-19 Pandemic and Post
  • Future Growth
  1. Innovation Ecosystem

Continued… 

Smart Wheelchair Market Scope

Type

  • Standard Powered Wheelchairs
  • Standard Plus Powered Wheelchairs
  • Custom-Built Powered Wheelchairs

 Product

  • Electric Indoor Chair
  • Electric Outdoor Chair
  • Dual Purpose Chair
  • Rear Wheel Drive Chair
  • Front Wheel Drive Chair
  • Center Wheel Drive Chair
  • Standing Electric Wheelchair
  • Others

Application

  • Neurologically Impaired Patients
  • Handicap Patients
  • Others

 End User

  • Rehab Centers
  • Hospitals
  • Others

Distribution Channel

  • Retail
  • E-Commerce

Browse Detailed Summary of Research Report with TOC:  https://www.databridgemarketresearch.com/toc/?dbmr=global-smart-wheelchair-market&Shri

Some of the Most Important Questions Scrutinized in the Business Intelligence Report:

  • What are the key growth parameters for this global market during the forecast period?
  • Which key players are expected to hold the largest market share over the forecast period?
  • Who are the leading vendors and manufacturers in this market?
  • What are the key strategies adopted by leading players in the market for business development and geographical expansion?
  • Which end-use industries can trigger high demand in the market over the forecast period?
  • What are the key segments in this market?
  • Which regional player will have anticipated leading the global market in terms of size?
  • What is the impact of the novel coronavirus pandemic?
  • Which obstacles must new players overcome in order to occupy a major position?

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