Electric Wheelchair Market to Witness Increasing Revenue Growth During the Forecast Period 2021–2028
Electric Wheel Chair Market Overview
A wheelchair is a device that allows a disabled person or someone who is unable to walk due to an injury or illness to move around. Manual wheelchairs and power or electric wheelchairs are two types of wheelchairs available on the market. The global electric wheelchair market is predicted to expand as the prevalence of spinal cord injuries and related disabilities rises, as well as new releases and innovation.
Electric Wheel Chair Market Drivers
In recent years, the use of AI (Artificial Intelligence) in the manufacture of electric wheelchairs has become fashionable. The AI-enabled electric wheelchair combines an eye tracking system with LiDAR (Light Detection and Ranging) technology to create a 360-degree map of the user's surroundings. The eye tracker in the wheel chair will send the eye moments to the AI, which will then define the wheel chair's movement and direct it around obstacles. In 2018, Intel teamed up with HOOBOX Robotics to create Wheelie 7, a kit that can be fitted on electric wheelchairs that allows users to operate it using facial expressions. The use of artificial intelligence (AI) by OEMs in the manufacturing of electric wheelchairs has piqued the interest of customers, and it is set to propel the electric wheelchair market forward.
Electric Wheel Chair Market Challenges
In developing economies, where healthcare expenditures are far lower than in developed ones, the high cost of an electric wheelchair compared to a manual wheelchair is set to offer a significant hurdle to market expansion. Apart from the original cost, there are additional costs associated with maintaining electric mobility aids, such as battery maintenance, servicing, and other costs to ensure that they operate without interruption. The adoption of electric wheelchairs is hampered as a result of this.
The growing rigour with which electric wheelchairs are tested for uncompromised safety and operation is also seen as a barrier to industry growth. Before being introduced into the market, new entrants or new items must comply with regulations. This poses a substantial hurdle for market expansion because new products must adhere to a number of safety requirements, raising their cost and delaying their adoption.
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