Wheelchair Manufacturing in the US - Industry Market Research Report

Wheelchair Manufacturing in the US - Industry Market Research Report

Wheelchair Manufacturing in the US

Wheelchair manufacturers have enjoyed solid growth over the past five years, though revenue dipped in 2020 as the COVID-19 pandemic stifled foot traffic from the industry's largest base of consumers. Strong federal funding for healthcare has helped hospitals and consumers afford wheelchairs. The average age of the US population continues to rise as healthcare improves, expanding demand for wheelchairs. Exports have yet to rebound from COVID-era drops, but strong, reliable demand has kept the industry on an upward trajectory. Industry-wide revenue has been growing at a CAGR of 1.9% over the past five years and is expected to total $734.3 million in 2023, when revenue will jump an estimated 3.3%.

Operators in this industry manufacture manual and powered wheelchairs and powered scooters.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.