Industry Analysis & Industry Trends
On a roll
Favorable demographic changes will benefit the industry, with demand for wheelchairs growing in light 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, healthcare reform may negatively affect public healthcare spending and put an excise tax on wheelchairs, adversely affecting firms.... purchase to read more
Industry Report - Industry Analysis Chapter
The Wheelchair Manufacturing industry has been rather resilient in the five years to 2012. An aging population and substantial private and public health spending have helped sustain industry operators during volatile economic times. However, the industry has been negatively affected by rising material costs, such as the increasing price of plastic. Rising input costs have pressured profit margins and are expected to continue doing so in 2012. Overall, from 2007 to 2012, industry revenue is expected to grow at an average annual rate of 5.5% to $2.8 billion. In 2012, revenue is anticipated to increase 6.2%, driven by a higher number of people with private health insurance... purchase to read more