Rising consumer preferences for safety and advanced navigational assistance continues to drive growth in robotic wheelchairs market. Exponential spike in geriatric population and corresponding spike in ailments and injuries remain potent growth determinants in robotic wheelchairs market. Besides aforementioned triggers, advances in R&D endeavors to offer technologically superlative robotic wheelchairs and enhanced purchasing capacities amongst consumers also facilitate growth in robotic wheelchairs market. Factors such as escalated operational costs and high maintenance are attributed as significant restraints in robotic wheelchairs market. These market highlights have been elaborated in Market Research Hub's (MRH) recent report addition titled, 'Robotic Wheelchairs Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026' included in its fast expanding online data archive.
LiDAR Enabled Robotic Wheelchairs to Offer Novel Opportunities to Vendors
Chasing innovations, leading wheelchair manufacturer Karma Medical which has overwhelming footprint in Asia has recently unrolled its latest robotic wheelchair under the brand name iBuddy. The product is a design revolution loaded with smart features for enhanced user experience. Other developments in robotic wheelchair space comprises all terrain navigational capabilities aided by LiDAR technology. With these developments in place, robotic wheelchairs market is expected to attain new growth heights.
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Report Scope: Robotic Wheelchairs Market
This elaborate research report on robotic wheelchairs market assesses the market at both global and regional levels on the basis of historical and current market performance to arrive at accurate forecast figures. The report is systematically classified into several chapters commencing with market overview section that lends a crisp market definition followed by dynamics. Further, the report also sheds light on systematic segmentation on the basis of which robotic wheelchairs market is bifurcated into drive type, application, and distribution channel. By drive type, robotic wheelchairs market is classified into rear wheel, front wheel, and mid-wheel robotic wheelchairs. By application the market is diversified into residential and commercial. In terms of distribution channel robotic wheelchairs market is categorized into online and offline channels.
The report in its subsequent sections delves deep into geographical scope of robotic wheelchairs market based on which the market is broadly demarcated into Europe, North and Latin America, Asia-Pacific, and Middle East and Africa.
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Competition Deep-Dive: Robotic Wheelchairs Market
Thorough research components compiled in the report allow readers to gauge the competitive landscape of robotic wheelchairs market. The report benchmarks prominent forerunners in the market, complete with elaborate details on their company overview, product portfolio, market contribution, as well recent developments such as mergers, buy-outs, as well as product innovations. A SWOT analysis of each of the companies has also been included that aid readers in assessing the efficacy of winning marketing strategies implemented by market players across regions and their eventual implications on consume preferences and eventual buying discretion. Based on which insights market players can aptly instrument lucrative business decisions and investment deals to secure a leading stance amidst stiffening competition.
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