A new study on Manual Wheelchair Market Shares and Forecasts, Worldwide, 2012-2018. The 2012 study has 365 pages, 110 tables and figures. Manual wheelchair markets at $1.8 billion in 2011 are expected to reach $2.9 billion by 2018. Growth is expected to be a result of vendor achievement of marked improvements in the technology that provide patients and care givers with better wheelchairs. Improved efficiency is anticipated.
Reimbursement drives manual wheelchair markets. People pay for medical insurance and medical insurance pays for wheelchairs. The government provides people over age 65 with medical insurance in the US. New initiatives provide for universal healthcare coverage. In many parts of the developed world, there is complete medical coverage provided by the government, though working people tend to supplement government coverage with medical insurance.
As the population ages, people are more frail and need assistance for mobility. Hospital and homecare wheelchair technology is evolving to give people with disabilities more mobility. Mobility depends on a wheelchair that is fit to purpose. Are people going to move themselves? Are they going to be pushed around? Is the wheelchair used for sports? Many issues impact the choice of a wheelchair, including cost and reimbursement availability.
Markets are poised to create the ability for people to get more exercise and impact the healthcare delivery industry by encouraging mobility of people who were previously bed ridden. Wheelchairs impact care delivery, permitting the patient to control mobility for the rehabilitation efforts. Lightweight wheel chairs give patients the ability to control movement. Transport wheelchairs are used for moving patients from the bed to another place. Patients and family gain more control over the care delivery with the availability of transport wheelchairs. Care can be delivered in familiar settings.
Invacare is an industry leader in the market for manual wheelchairs, power wheelchairs, and home medical products. The leadership position is bolstered by the ability to offer quality products and an enviable distribution network. Invacare is very happy to take care of its distribution network, not competing with it by selling directly. Invacare is very good about supporting the dealers in every way, including helping with financing.
Invacare's manual wheelchairs are for use inside and outside the home, institutional settings, or public places. People who are chronically or temporarily disabled and require basic mobility can buy chairs with no frame modification. Invacare manual wheelchair lines include a range of light weight, ultra-lightweight, and sport product lines. These lines offer wheelchairs that accommodate diverse capabilities and unique needs of the individual from petite to bariatric sizes.
Invacare offers bundled wheelchair, respiratory, and patient care homecare products to the distribution network. This offering is positioned to have appeal to home medical equipment providers. Invacare has a very strong distribution network because of attention to bundling of best of breed products.
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Invacare increased its lead in the wheelchair markets achieving 49% market share in 2011, increasing its share by several percent in the total market as a result of good marketing, execution of sales strategy, and growing revenue while there was a decline in the overall market size.
Sunrise Medical offers the extra lightweight and titanium wheelchairs Quickie 2. The Quickie 2 from Sunrise Medical has features and options. The folding chair has 64,000 configurations to customize the chair. It's versatility and well-established track record has made the Quickie 2 the premier choice of manual folding ultralight wheelchairs for over 25 years.
Standard wheelchair markets are forecast to grow modestly as new materials and more lightweight chairs increase efficiency in hospitals and nursing homes. Units are being manufactured more inexpensively in Asia, providing higher quality as less cost. Modular systems permit efficiencies of scale.
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