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

The Wheelchair Manufacturing industry experienced a steady decline over the five years to 2017. Although key trends in the healthcare sector have been positive in recent years, domestic manufacturing of wheelchairs has fallen. The number of adults aged 65 and older, the largest downstream user of wheelchairs, has steadily increased over the five years. Moreover, Medicaid and Medicare spending, as well as the number of people with private health insurance, have steadily grown. This has generated an overall increase in total healthcare expenditures, which has supported more purchases of healthcare related equipment...purchase to read more.

Industry Statistics & Market Size
Revenue
$467m
Annual Growth 12-17
-3.1%
Forecast Growth 17-22
Profit
Employment
1,070
Businesses
21

Industry Threats & Opportunities

  • The aging population will bolster demand, but an excise tax may constrain margins
  • Private health coverage has helped sustain demand
  • Revenue is vulnerable to the performance and regulatory standing of a few key players
  • Industry Report - Industry Analysis Chapter

    The Wheelchair Manufacturing industry has experienced a consistent decline over the five years to 2017. While an aging population and substantial private and public health spending have supported demand for wheelchairs by downstream users, the industry has still declined. There are two key factors limiting revenue in the five-year period. First, a sharp decline in production from major player Invacare, due to Food and Drug Administration (FDA) scrutiny, acted to significantly drag on performance. Second, regulations dictating the bidding process for durable medical goods has drastically reduced the number of wheelchair dealers. This consolidation acted to limit demand for industry goods. Overall, IBISWorld anticipates revenue to decline at an annualized rate of 3.1% to $467.4 mi...purchase to read more.

    Additional Insights for the Wheelchair Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wheelchair Manufacturing Industry are

  • Having contacts within key markets
  • Economies of scale
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 65 and older and Total health expenditure in the Wheelchair Manufacturing industry impact industry performance..

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    Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of adults aged 65 and older
  • Total health expenditure
  • Healthy eating index
  • Number of people with private health insurance
  • Trade-weighted index

  • Current Performance
  • Drags on industry revenue
  • Positive demand factors
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Reversal of key problems
  • Strong underlying demand
  • Industry shifts
  • Table: Wheelchair Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wheelchair Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Medical Supplies Wholesaling
  • Airport Operations
  • Primary Care Doctors
  • Hospitals
  • Natural Disaster & Emergency Relief Services

  • Key Selling Industries
  • Aluminum Manufacturing
  • Electrical Equipment Manufacturing
  • Hose & Belt Manufacturing
  • Plastic Pipe & Parts Manufacturing
  • Rubber Product Manufacturing

  • Products & Services
  • Parts and accessories
  • Manual wheelchairs
  • Powered wheelchairs
  • Powered scooters
  • Chart: Wheelchair Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individuals aged 65 and older
  • Individuals aged 18 to 64
  • Exports
  • Individuals aged under 18
  • Chart: Major Market Segmentation for the Wheelchair Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Wheelchair Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wheelchair Manufacturing Industry

  • Industry Globalization
    Invacare Corporation, Pride Mobility Product Corporation, Sunrise Medical Inc.,
  • Table: Invacare Corporation - financial performance
  • Table: Pride Mobility Product Corporation - financial performance
  • Table: Sunrise Medical Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Wheelchair Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Wheelchair Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total health expenditure (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    510(K)
  • Premarket notification for most devices; named for the section of the law that requires these submissions.
  • End-User
  • Consumers that use the product for its purpose rather than resell it for a profit.
  • Trade Surplus
  • An economic measure of a positive balance of trade, where a country's exports exceeds its imports.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Wheelchair Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wheelchair Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wheelchair Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wheelchair Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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