Industry Analysis & Industry Trends
Favorable demographic changes will benefit the industry, with demand for wheelchairs growing as a result of a greater need among older baby boomers. While input costs will remain high, they will not shift as drastically as in the previous five-year period. Nevertheless, fluctuations in research in development contribute to decreased revenue, as a result of the industry's reliance on advances in technology.
.... purchase to read more
Industry Report - Industry Key Buyers Chapter
Industry concentration measures the extent to which major players dominate an industry. Concentration is expected to be low, with the top four major players accounting for 27.7% of the industry's revenue. Invacare is the largest player, accounting for 12.8% of revenue. The company offers a range of wheelchairs, including custom manual chairs, power wheelchairs and high-end sports and recreation products. With product diversification, this company is able to cater to many different consumer markets.
Over the past five years, larger companies have acquired smaller operators to increase their product line and customer base. Since wheelchairs are expensive durable goods, companies use innovation to spur new growth... purchase to read more