Technology advancement in the recent times have revolutionized the life and living of individuals throughout the world. Artificial intelligence being one of the primary focus of the progressive generation and industrial upgradation worldwide, has significantly enhanced physical capabilities of differently abled population through the power of high-tech automation. With newer innovations developed by the convergence of AI, 3D sensing devices, and others, manufacturing companies are creating smart self-driving wheelchairs without the intervention of conventional joystick movement operation. Aiding the mobility impaired patients, the self-navigating and automated smart technology will, unequivocally, push forth the prospect of progressing the global electric wheelchair market and leverage huge scope of opportunity in the future years. The Electric Wheelchair Market is experiencing huge demand growth with several breakthrough introductions such as the Wheelie 7, an innovative launch in the line of motorized wheelchair, a partnership work of Intel and HOOBOX Robotics for assisting the physically disabled persons. Operating on the commands of facial expression by interpreting them, the Wheelie 7 is likely to disrupt the electric wheelchair market through the independent and autonomous AI powered mobility solutions. Gaining huge demand which is estimated to increase at a healthy CAGR of 12.2% during the forecast period of 2019-2025, the global electric wheelchair market acquired a revenue of $1.8 billion as of 2018.
The modernized electric wheelchairs suit the needs of several physically disabled outpatients, requiring mobility assistances to retain unhindered and independent lifestyle for in-house purposes and complementing necessary out-door work solutions. Increasing huge dependency on convenient corpus seating and powered mobility wheelchairs effective, adjustable, and electronic and intelligent control system (ICS) infused joystick controlling are prominently gaining way into the lives of these people. Consequently, the electric wheelchair market is acquiring huge demand-pull inflation attributing to the rising home patient usage, which is projected to grow considerably at 13.5% CAGR through to 2025.
North America is holding a dominant place in the global electric wheelchair market and contributed a major regional share of 33.4% in the year 2018. The wheelchair manufacturing industry is expanding swiftly in this region with the rise in physically impaired populations who are restricted to the dependency on wheelchair mobility. The rate of increasing cognitive disability, ambulatory disability, and self-care disability between ages five to 17 is 4.2%, 0.6%, and 1%; between the ages 18-64 is 4.5%, 5.1%, and 1.9%; and beyond the age of 65 is 8.9%, 22.5%, and 8.1% respectively in the U.S. in 2016. This statistics represents the rising incidences of physical disability significantly increasing the prospect of the electric wheelchair market growth in this region.
Annually, around 5000 individuals are diagnosed with the amyotrophic lateral sclerosis (ALS) in the United States.
- Amyotrophic Lateral Sclerosis Association (ALSA)
There are a multitude of organizations such as American Association of People with Disabilities (AAPD and Wheelchair Foundation supporting the mobility in these people, coupled with several government and non-profit initiatives which will elevate the domestic market demand. Additionally, motorized wheelchair racing events is gaining prominence in the North American counties significantly which is positively driving the niche market simultaneously leveraging huge revenue generation. Upcoming wheelchair sports such as Blueberry Stomp, Houston Half Marathon, Florida Shamrock Halfathon, The Barbara Memorial Runday 5k, and many others in the U.S. will accumulate huge demand boosting the electric wheelchair market in North America.
Smart Tech Electric Wheelchairs:
Innovation and advancement is rapidly reshaping the electric wheelchairs development worldwide, through collaboration of machine learning, sensor technology, and connected smart devices to aid the physical mobility. Recently, the Imperial College of London gained $50,000 to develop and improvise its self-driving, artificial intelligence assisted, and eye-controlled wheelchair for helping the paralyzed patients with movement. Additionally, the chair also works on the Light Detection and Ranging (LiDAR) sensors to assess and provide a defined mapping of the surrounding environment. Also, Toyota Mobility Foundation & Nesta’s Challenge Prize Centre announced $4 million challenge reward for creative and innovative breakthrough technology to enehance the mobility and independency of physically impaired people. Furthermore, iChair, illuminated wheelchairs, brain-based controlled wheelchairs, robotic wheelchairs, and 3D printed wheelchairs are some of the modern technology induced systems which will upsurge the global electric wheelchair market demand in the forthcoming years.
Wheelchair Racing Events:
Paralympic games is a widely demonstrated sports events which have penetrated into the international, national, as well as regional racing activities across the globe. With the advancement of technology and collaboration of electric motors, wheelchairs have transformed the lifestyle of several physically disabled people with significant approaches towards their sporting enthusiasm. Apart from the manual wheelchair racing activities, electric wheelchair racing offers scope for highly injured and huge mobility limited individuals, thereby escalating the demand for efficient and automated motorized wheelchairs throughout the world. Some of the electric wheelchair sport activities include snow sports, wheelchair soccer, and many others welcoming professional and amateur para-athletics from across the world. Additionally, the CYBATHLON championship for the year 2020 will uplift the power wheelchair innovations with the launch of newer capabilities towards improving mobility of the physically challenged individuals. Consequently, the global electric wheelchair market will eventually gather huge demand attributing to the increasing proclivity and popularity of the power wheelchair sports activities across the world.
Wheelchair Ramp Construction In Modern Infrastructure:
Targeting on wheelchair accessibility and ease of mobility in shopping center, healthcare facilities, public buildings, and residential places, focus is implied on the ramp construction aiding the wheelchair dependents. Concurrently, with the enforcement of Convention on the Rights of Persons with Disabilities, Americans with Disabilities Act, Britain’s Equality Act, and Australia’s Disability Discrimination Act have massively lured the interest of mall operators, medical professionals, and others, widening the scope of ramp construction in these places. Additionally, the Texas and Oklahoma Ramp Projects in the United States is administering and assisting in the ramp building for the homebound disabled and geriatric people residing in this region. Furthermore, residential and private property owners are increasing construction home lifts and stairlifts to negate the immobility in and across the house of the physically impaired persons. With the motto of building a disabled-friendly nation, various approaches towards adopting wheelchair lifts in public transportation systems and ramps construction is escalating the growth scopes for the global electric wheelchair market.
Neurological And Spinal Injury Disability:
Globally, a large section of the population suffer from neurological and spinal malfunctioning caused by genetic diseases or accidental injuries. Resultantly, these people acquire temporary limited mobility or permanent immobility of the quads thereby relying on the wheelchair assistance aided through specific auxiliary movements. Rise in the number of incidences of spinal muscular atrophy (SMA), quadriplegics, amyotrophic lateral sclerosis, and others lead to gradual physical movement impairment simultaneously increasing the need for smart technology-driven electric wheelchairs. As per the SMA Foundation, around 10,000 to 25,000 children and adults are affected by the spinal muscular atrophy in the U.S. annually, significantly contributes to the demand rise in the electric wheelchair market. Moreover, accidental injuries also disable the physical mobility whereby increasing the rate of dependency on power chairs. The National Spinal Cord Injury Association highlights that spinal cord injury (SCI) affected people count is estimated to be 450,000 and nearly 11,000 SCI incidences occur annually in the United States. This signifies the mounting demand prospect for the electric wheelchair market which is influenced by the rise in physical disability caused by the SCI.
Leading Electric Wheelchair Companies And Their Products:
The electric wheelchair market opportunities is directed by the novel product distribution and massive investment led by several market leaders such as OttoBock Healthcare GmbH, Invacare Corp., Pride Mobility Products Corp., Permobil AB, Sunrise Medical Limited, Hoveround Corporation, LEVO AG, Invacare Corp., MEYRA GmbH, Medical Depot, Inc., GF HEALTH PRODUCTS, INC and others.
Invacare Corp. is a recognized global leader specializing in providing various homecare and long-term care products to various healthcare organizations and residential customers throughout the world. Its power wheelchair categories for indoor and outdoor purposes includes the Stor Series and TDX Series to assist the elder generations, hospital patients, and physically disabled individuals.
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