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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - Industry SWOT Analysis Chapter

The Wheelchair Manufacturing industry is in the mature phase of its life cycle, with the industry growing at a slower pace than US GDP. Over the 10 years to 2021, industry valued added, or the value that the industry adds to the overall economy, is forecast to increase at an annualized rate of 0.6%. In comparison, US GDP is anticipated to expand at an average annual rate of 2.2% during the same period.

Since wheelchairs are expensive products, consumers are more willing to purchase a new chair only if there have been major improvements that will make their daily life easier. Additionally, users can increasingly find custom-made and high-performance wheelchairs as well as accessories... 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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