September 08, 2022 11:00 ET | Source: Precedence Research Precedence Research
Ottawa, Sept. 08, 2022 (GLOBE NEWSWIRE) -- The global electric wheelchair market size will reach at USD 7.35 billion in 2022. The electric wheelchair product is mainly a machine that is used as a wheelchair and is operated with the help of electrical energy. It is also known as electric powered wheelchair or motorized wheelchair. It consists of a small motor and batteries which provide movement to this machine. It has various types according to the mechanism which is used in the system.
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An increasing demand for safety and comfort in the accessory services provided in the healthcare industry has boosted the demand for electric wheelchair. The inclusion of artificial intelligence in the electric wheelchair system has boosted its demand to a great extent. Facial expressions and gestures are taken into consideration for conducting the required movements which provides complete independence to the consumer. In order to gain independence from care givers, elders usually prefer to opt for automated services that can provide movement. The rapidly rising cases of high velocity accidents in the developed nations has also propelled the demand for automated electric wheelchairs. The hospital sector proves to be a great driving force for the growth of the market.
The risk of mechanical malfunctioning which is associated with the use of automated electric wheelchairs has proved to be a restraining factor for the market. The after-sales services are very primitive and required advancements in order to boost the market. The occurrence of the pandemic had a significant impact on the growth of the market due to the lack of transportation facilities and strict lockdowns. Patient flow and regulation in the hospitals regarding lower limb disorders had reduced due to risk of spreading the infection. Hence the sales and demand were hampered to a great extent. These multiple reasons prove to be the restraining factors for the development of the market during the forecast period.
Various lucrative opportunities are offered by the healthcare industry to this market as a result of the rapid rise in orthopedic surgeries. Increasing modernization and urbanization has boosted the number of road traffic accidents which benefits the market growth. The high level of comfort which is experienced by the patient is also proving to be a great opportunity for the market. The rapidly increasing number of people with physical disabilities has also increased the demand for electric wheelchair which provides them sufficient movement. The advanced technologies of artificial intelligence which is used in the electric wheelchair has provided the market numerous opportunities.
The electric wheelchair has been designed in order to enable the geriatric population to perform movement independently. Hence, the use of artificial intelligence has been seen in its mechanism which provides comfort to the patient. Technical glitches experienced by the patient proves to be a challenge for the growth of the market. As the individual using a wheelchair is disabled, any technical fault created leads to a great discomfort for the consumer. Failure of any component of the electric wheelchair proves to be a bad experience for the user. This negative impact hinders the growth of the market. The heavy weight of the electric wheelchair makes it difficult for the consumers to carry it along during traveling. The high cost associated with the electric wheelchair makes it an unaffordable affair for the consumer due to the shortage of disposable income with the people.
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