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Wheelchair Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Wheelchair Manufacturing Market Research Report | Life Sciences | Medical Supplies | May 2016

On a roll: The older population will foster revenue growth, despite high input costs

IBISWorld’s Wheelchair Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Invacare Corporation Invacare Corporation market share
Sunrise Medical Inc. Sunrise Medical Inc. market share
Industry Statistics & Market Size
Revenue
$867m
Annual Growth 11-16
-0.6%
Annual Growth 16-21
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Profit
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Employment
2,097
Businesses
43
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 - Starting a New Business Chapter

The threat of new entrants into the Wheelchair Manufacturing industry is moderate. Often, companies that enter the industry have already developed durable medical equipment and want to diversify their product line.

Patents

In this industry, most medical supplies are manufactured under patents. This aspect acts as a barrier to entry into certain markets where patented products exist. Operators entering the industry need to either acquire a company that holds a patent or engage in costly R&D activity to manufacture a product that can compete without infringing upon their competitors’ intellectual property.

Costs

The cost of insurance against product liability claims may also deter entry to the industry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Wheelchair Manufacturing Industry?

This industry manufactures manual and powered wheelchairs and powered scooters.

Industry Products
Manual wheelchairsPowered wheelchairsPowered scootersWheelchair repair servicesWheelchair accessories
 
Industry Activities
Fabricating wheelchairs and wheelchair accessoriesResearch and developmentMarketing and distribution


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