Smart Wheelchairs Market Growth Business Opportunity To 2030 from Harshsingh's blog

According to the Market Statsville Group (MSG), the Global Smart Wheelchairs Market size is expected to grow at a CAGR of 6.2% from 2022 to 2030. Smart wheelchairs are power chairs that include a control system. Such products can effectively assist users in eliminating the need to push a chair to make it move manually. Smart wheelchairs are incredibly creative and long-lasting, likely to entice users to purchase such products. Incorporating technologically advanced features in the design of mobility assistive wheelchairs, such as voice and face recognition, IoT, and others have shaped the overall wheelchair industry.

However, the higher repair and maintenance costs of smart wheelchairs are expected to limit their popularity among the lower-income population. Further, the higher weight and size of smart wheelchairs compared to manual chairs is expected to limit the market’s growth.

Consumers have become more aware that adopting creative mobility aids such as wheelchairs, scooters, and others is responsible for driving the market. Furthermore, a growing global elderly population is expected to drive demand for such mobility assistive devices. Besides that, increasing consumer expenses on healthcare-related products and services have eased the consumption rate of such products.

Consumers have become more aware of adopting creative mobility aids such as wheelchairs, scooters, and others anticipated to drive the market. It can be challenging to use a wheelchair safely and independently when there are several overlapping physical, cognitive, or perceptual symptoms of conditions such as cerebrovascular accident, amyotrophic lateral sclerosis, cerebral palsy, multiple sclerosis, and spinal cord injury. People with various symptom combinations may benefit from these smart wheelchairs, thereby driving the market’s growth.

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The higher repair and maintenance costs of smart wheelchairs are expected to limit their popularity among the lower-income population. The developing countries may witness low contribution to the market owing to low GDP and less disposable income among the consumers.

The study categorizes the smart wheelchairs market based on waste product type, distribution channel and application at the regional and global levels.

• Paediatric & Bariatric Wheelchairs
• Rollators
• Mobility Scooters

• Offline
• Online

• Homecare
• Hospitals
• Others

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

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 Based on the product type, the market is segmented into paediatric & bariatric wheelchairs, rollators, and mobility scooters. Bariatric smart wheelchairs are extremely helpful for individuals suffering from obesity because they can conveniently assist the heavyweight user's sitting posture and the upper and lower back. As a result of the high prevalence of obesity among the higher earning class of persons, the paediatric and bariatric wheelchairs segment is expected to account for a fairly large share of the market. This factor has resulted in increased revenue from this segment. Moreover, rising parental spending on child care products will likely ease segmental revenue.

Based on application, the global market is segmented into home care, hospitals, and others.  The home care segment is accounted to grow at a significant portion of the market due to the high demand for self-assistive medical devices among households worldwide, which leads to the increased usage of smart wheelchairs among these customers. Moreover, the changing trend of patients from hospitalization to personalized, in-home healthcare facilities is expected to drive segmental growth.

Based on distribution channels, the global smart wheelchair market is segmented into offline and online. The offline segment is expected to represent the largest share of the global market  Because users can touch and understand the wheelchair features in person at such physical stores.  Moreover, the accessibility of a wide range of other mobility aids and wheelchair accessories at such stores is fueling segment growth.

Based on the regions, the global Smart Wheelchairs Market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. North America region is expected to hold a large market share due to the surging prevalence of disabilities and other health-related problems among the growing population in the United States and Mexico.  The above factor will likely drive demand for smart wheelchairs among the region's elderly population.  Moreover, rising public adoption of technologically advanced healthcare devices is propelling market growth in this region. However, the Asia Pacific is expected to hold the fastest market growth rate due to a large number of disabled and older people in countries such as China and Japan, resulting in high consumption of smart wheelchairs in the region. Moreover, rising population awareness of the availability of a wide range of mobility aids is expected to create a lucrative growth opportunity for the market in this region.

The global smart wheelchairs market is highly competitive, with key industry players adopting strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most companies in the market are indulged in expanding business across regions, enhancing their capabilities, and molding strong partner relations.

• Medical Depot Inc
• Invacare Corporation
• Karman Healthcare Inc
• GF Health Products Inc
• Kunshan Hi-Fortune Health Products Co. Ltd
• Centaur Robotics
• TopMedi
• MEYRA GmbH
• Permobil
• Airwheel Holdings Ltd

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•  In July 2020, Munevo GmbH, Aergo Limited, and WheelAir teamed up to launch the latest online service in which they can illustrate MedTech's advanced wheelchair products and related educational programs to a broad customer base.
• In March 2020, Invacare Corporation introduced an Invacare Aviva FX power wheelchair with front-wheel-drive power mobility capability. The Aviva FX power wheelchair also features linx technology, providing users with various operating options such as pre-set programming parameters, wireless programming, and integration with ASL specialty controls.
• In May 2019 , All Nippon Airways Co. Ltd., Japan's largest airline, collaborated with Panasonic Corporation to evaluate its aerodrome's newest iteration of powered wheelchairs. This enables an increasing number of older Japanese people to navigate airports independently.
• In April 2019, Microsoft Corporation introduced EyeGaze, a custom, smart wheelchair. These wheelchairs allow users to move their bodies using eye movement and a surface tablet attached to the chair.

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