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.
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Industry Report - Industry Products Chapter
Standard manual wheelchairs are expected to account for 53.9% of revenue. These wheelchairs are characterized by a cross-brace frame, which allows for easy folding; built-in or removable armrests, swing-away footrests, a mid- to high-level back, two large wheels (usually 20 to 26 inches) with push rims, two small wheels in the front and push handles to enable nonoccupants to propel the chair. Most manual wheelchairs require a significant amount of energy to propel, making them inadequate for many active users. Because manual wheelchairs require so much work, many consumers have switched over to power wheelchairs and scooters... purchase to read more