DUBLIN--(BUSINESS WIRE)--The "Global Robotic Wheelchairs Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The analysts forecast the global robotic wheelchairs market to grow at a CAGR of 23.84% during the period 2018-2022.
Robotic wheelchairs are powered wheelchairs with extended features of navigational intelligence. These wheelchairs are equipped with sensors, assistive technologies, and controllers to manage movement.
According to the report, one of the major drivers for this market is Aging population in developed countries. The increase in the aging population is another main factor that drives the growth of the global robotic wheelchairs market. It is expected that by 2050, Japan, Italy, Germany, and Singapore will have more than 35% of their population above the age of 65. The UK, the US, and Canada will also have around 25% of their population at this level.
Further, the report states that one of the major factors hindering the growth of this market is High selling price of robotic wheelchairs. One of the major challenges faced by the global robotic wheelchairs market is the high price of robotic wheelchairs. The average selling price (ASP) was $7,312 in 2017 for a robotic wheelchair enabling movement with the help of controllers. However, the prices can go up to $50,000 with additional features such as navigation assistance, cloud computing, mapping, and machine learning.
Companies Mentioned
- DEKA Research & Development
- Matia Robotics
- Investor
- Sunrise Medical
- UPnRIDE Robotics
- WHILL
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Segmentation By Product Type
8: Market Segmentation By End-User
9: Customer Landscape
10: Regional Landscape
11: Decision Framework
12: Drivers And Challenges
13: Market Trends
14: Vendor Landscape
15: Vendor Analysis
16: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/74bxtp/global_robotic?w=4
