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Wheelchair Mounted Robotic Arm Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: November 2024 || SKU: MD7874
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See how US Tariffs impact Wheelchair Mounted Robotic Arm Market

Global Wheelchair Mounted Robotic Arm Market is Segmented By Device Type (Articulated Arm, Selective Compliance Assembly Robot Arm (SCARA), Parallel Robots), By Application (Spinal Cord Injury, Neurological Conditions, Others), By End User (Hospitals, Clinics, Rehabilitation Centers, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Wheelchair Mounted Robotic Arm Market Overview

Global Wheelchair Mounted Robotic Arm market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031.

Wheelchair-mounted robotic arms support people with upper extremity disabilities with various activities of daily living (ADL). However, the associated cost and the power consumption of responsive and adaptive assistive robotic arms contribute to the fact that such systems are in limited use. 

Neuromorphic spiking neural networks can be used for real-time machine learning-driven control of robots, providing an energy-efficient framework for adaptive control. This work demonstrates a neuromorphic adaptive control of a wheelchair-mounted robotic arm deployed on Intel’s Loihi chip. Our algorithm design uses neuromorphically represented and integrated velocity readings to derive the arm’s current state.

Wheelchair Mounted Robotic Arm Market Scope

MetricsDetails
CAGRYY%
Market Size Available for Years2022-2031
Estimation Forecast Period2024-2031
Revenue UnitsValue (US$ Mn) 
Segments CoveredDevice Type, Application, End User
Regions CoveredNorth America, Europe, Asia-Pacific, South America, and Middle East & Africa
Largest RegionNorth America
Fastest Growing RegionAsia-Pacific
Report Insights CoveredCompetitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.

 

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Wheelchair Mounted Robotic Arm Market Dynamics

Rise in demand for assistive technologies

Assistive technology can positively impact a person, their family and friends, and has broader socioeconomic benefits. For example, early provision of hearing aids for young children supports their development of language and communication skills, limiting negative impacts on their education, future employment and community participation the provision of appropriate wheelchairs facilitates mobility, improving individuals access to education and employment while reducing healthcare costs due to a reduction in secondary complications such as pressure sores and contractures. 

Assistive technology plays a significant role in wheelchair-mounted robotic systems, as it enables individuals with disabilities to perform various activities of daily living (ADL) more independently and with greater ease.

Furthermore, the global wheelchair-mounted robotic arm market is also driven by various other factors like rising focus on rehabilitation and independence to improve quality of life, increasing awareness and advocacy of wheelchair-mounted robotic devices and others helping the market to grow during the forecast period.

High costs of devices

High costs can limit lower-income individuals from accessing these devices, limiting their ability to benefit from the technology. Healthcare systems and insurance providers often fail to fully cover the costs of assistive technologies like robotic arms, putting a financial burden on individuals or their families. 

Wheelchair Mounted Robotic Arm Market Segmentation

The global wheelchair-mounted robotic arm market is segmented based on device type, application, end-user and region.

The articulated arm from the device type segment accounted for approximately 42.1% of the wheelchair-mounted robotic arm  market share

The articulated arm from the device type segment accounted for approximately 42.1%. The articulated arm, such as the Jaco robotic arm, plays a crucial role in wheelchair-mounted robotic systems. These robotic arms are designed to assist individuals with limited or no arm function in performing various tasks, thereby enhancing their independence.

Owing to new devices launched by companies, FDA clearance and others help the segment to grow during the forecast period. For instance, The Jaco robotic arm, for example, is a safe and lightweight device with a three-fingered hand, allowing users to perform activities like picking up objects, opening doors, and even eating. 

It can be integrated into a motorized wheelchair, enabling users to control it using the wheelchair's controller. The arm typically has six degrees of freedom, which allows for a wide range of motion and manipulation of objects from different angles.

Wheelchair Mounted Robotic Arm Market Geographical Analysis

North America is estimated to hold about 38.4% of the total market share throughout the forecast period

North America is estimated to hold about 38.4% of the total market share throughout the forecast period owing to the factors of the increasing disabled population, rising healthcare expenditure, technological advancements, growing disposable income, etc. in the region. Moreover, rising incidences of neurological diseases such as stroke, multiple sclerosis, traumatic brain injuries, etc. is anticipated to fuel the product demand.

For instance, in September 2022, Kinova stated a strategic partnership with Formant, an advanced robotic company, that provides a platform for robotics. This partnership intended to build advanced robotic arms to help support the widespread use of assistive devices across several countries globally. This strategic partnership helped the company to enhance its R&D capabilities and increase its customer base.

 Covid 19 Impact Analysis

The COVID-19 pandemic disrupted the global economy and impacted several industrial sectors including healthcare and medical devices, inflicting enormous losses. The pandemic had negatively impacted the wheelchair-mounted robotic arm market revenue in 2020. Owing to  the outbreak, the healthcare systems experienced tremendous pressure with increasing patient influx and changes in the standard operating protocol. 

Competitive Landscape

The major global players in the market include Accrea Engineering, Assistive Innovations BV, Kinova Inc, Hocoma AG, Bionik Laboratories, Barrett Technology, Numotion among others.

Why Purchase the Report?

  • To visualize the global wheelchair-mounted robotic arm market segmentation based on device type, application, end user and region as well as understand key commercial assets and players.
  • Identify commercial opportunities by analysing trends and co-development.
  • Excel data sheet with numerous data points of wheelchair-mounted robotic arm market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as excel consisting of key products of all the major players.

The global wheelchair-mounted robotic arm market report would provide approximately 64 tables, 61 figures and 186 pages.

Target Audience 2024

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
FAQ’s

  • North America the dominating region in the Wheelchair Mounted Robotic Arm Market

  • The Major key players are Accrea Engineering, Assistive Innovations BV, Kinova Inc, Hocoma AG, Bionik Laboratories, Barrett Technology, Numotion among others.
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