Global Smart Wheelchair Market – Industry Trends and Forecast to 2029

Market Analysis and Size

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.

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.

Report Scope and Market Segmentation

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.

Smart Wheelchair Market Dynamics

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.

Opportunities

In recent years, a number of state-of-the-art methods and tools have been created to help people with limited mobility. This growing tendency creates intelligence-based systems made possible by inexpensive CPUs and sensors. More consumers may choose power wheelchairs if they have a favourable attitude toward smart devices, wearable technology, artificial intelligence, and machine learning, which is anticipated to present growth prospects for smart wheelchair market participants.

Restraints/Challenges

High cost of the product along with lack of improved infrastructure are acting as market restraints for the growth of the smart wheelchair in the forecast period of 2022 to 2029. Smart wheelchairs are expensive and complicated, so the familiarization and training effort will require the extensive resources and infrastructure.

This smart wheelchair market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the smart wheelchair market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Smart Wheelchair Market

The COVID-19 epidemic caused the global economy to experience never-before-seen consequences and put the healthcare industry into overdrive. Due to a shortage of raw materials and other supply chain issues, the COVID-19 pandemic had a harmful impact on the market for smart wheelchairs during its peak in 2020. However, the partial normalisation of the world in 2021 gave the major businesses in this sector new prospects for expansion.

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.

Global Smart Wheelchair Market Scope

The smart wheelchair market is segmented on the basis of type, product, application, end-use, distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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

Smart Wheelchair Market Regional Analysis/Insights

The smart wheelchair market is analysed and market size insights and trends are provided by country, type, product, application, end-use, distribution channel as referenced above.

The countries covered in the smart wheelchair market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the smart wheelchair market due to the increasing awareness among the patients, growing per capita health expenditure along with adoption of advanced technology.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the increasing occurrences of accidents along with prevalence of geriatric population and increasing per capita health expenditure.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Smart Wheelchair Market Share Analysis

The smart wheelchair market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to smart wheelchair market.

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.)

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