Infinium Global Research has added a new report on Global Robotic Wheelchair Market. The report covers the analysis of global as well as regional markets of robotic wheelchair market. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global robotic wheelchair market is projected to grow at a CAGR of 15% over the forecast period of 2019-2025.
Robotic Wheelchair Market: Insights
Robotic wheelchairs have capabilities of powered devices with control and navigational intelligence. These are devices are very essential for people with severe impairment. The major players in the robotic wheelchair market are Invacare Corporation, Karman Healthcare, Kinova Robotics, Drive DeVilbiss Healthcare Ltd., Permobil AB, Dane Technologies, Cyberworks Robotics Inc., MEYRA GmbH, ReSymmetry, Sunrise Medical Limited, and other companies. The leading players are focusing on mergers and acquisitions to maximize their market share. For instance, in December 2017, Permobil acquired MAX mobility. Permobil expanded its wheelchair offerings with this acquisition.
Robotic Wheelchair Market: Drivers, restraints, and opportunities
The increasing number of people with disability drive the growth of robotic wheelchair market. The rising demand for robotic wheelchairs from commercial institutions promotes the growth of the robotic wheelchair market. The growing aging population and rising disposable income propel the growth of the robotic wheelchair market. On the flip side, the high cost of robotic wheelchairs restraints the growth of the robotic wheelchair market. Furthermore, technological advancement promotes innovations that create opportunities for robotic wheelchair manufacturers. For instance, the solar-powered robotic wheelchair is one of such innovations.
Robotic Wheelchair Market: Segmentation
The robotic wheelchair market is segmented on the basis of drive type, application and distribution channel. The drive type segment is further divided into rear wheel drive, front wheel drive and mid-wheel drive. The mid-wheel drive type robotic wheelchair is expected to have a dominant share in the drive type segment of the robotic wheelchair market. The mid-wheel drive type robotic wheelchairs are easy to operate. On the basis of application, the robotic wheelchair market is classified into residential and commercial. The commercial segment is expected to be dominant due to rising demand for wheelchairs at hospitals, airports, theatres and other places. Based on the distribution channel, the robotic wheelchair market is classified into the online channels and retailers.
Robotic Wheelchair Market: Regional insights
Geographically, the global robotic wheelchair market is segmented into North America, Asia-Pacific, Europe and Rest of the World. North America is anticipated to be dominant in the global robotic wheelchair market. North America is adopting new technology and innovations very rapidly contributing to the growth of the robotic wheelchair market. Asia-Pacific region is expected to grow in the global robotic wheelchair market. Asia-Pacific region has a growing number of the aging population. Europe is also growing in the global robotic wheelchair market.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/consumer-goods-packaging/global-robotic-wheelchair-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Robotic Wheelchair Market.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
