Acute Market Reports announces that it has published a new study Power Wheelchairs and Personal Mobility: Market Shares, Strategy, and Forecasts, Worldwide, 2016 to 2022. The 2016 study has 627 pages, 350 tables and figures. Worldwide Power Wheelchairs and Personal Mobility markets are poised to achieve significant growth because the devices provide mobility and significant health benefits for users.
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The power wheelchair mobile platform is modular, integrating various components. Modular systems are developed in the context of consideration of probable specifications for the interaction of system components. Power wheelchairs are used to make people who have difficulty walking independently mobile.
The power wheelchair systems are characterized by front wheel drive, center wheel drive, and rear wheel drive, accommodating demand for different driving handling characteristics under different conditions. Vendors provide power wheelchairs that are used in indoor and outdoor environments. Designs take into consideration users with mild, moderate, and severe mobility restrictions. Users come from both the disabled and older age groups.
The core of a mobile platform is an integration system that supports adapting to numerous requirements. Modules implement payload, safety, and automatic docking. A power wheelchair platform is a combination of existing technology and autonomous robotic software. Mid IR sensor systems provide new monitoring capability. Movement sensor systems depend on microprocessor technology and specialized operating systems. Real time software is providing increased functionality for power wheelchairs.
According to Susan Eustis, lead author of the study, “Reimbursement drives power wheelchair markets.” As people and governments pay for medical insurance more money is available for medical treatment and equipment.
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Reimbursement pressures persist in the U.S. market. Some customers are beginning to directly source select lifestyle products to secure a low-cost advantage. Increasing market share has been achieved by providing value to the customers. Suspension systems, skin protection, quality, performance, durability, and clinical benefits are issues for patients.
The technical expertise of the sales force, the effectiveness of the distribution system, the strength of the dealers, and the availability of prompt and reliable service for products are issues that need to be addressed to achieve competitive advantage.
Invacare leads the market
The government provides people over age 65 with medical insurance in the US. 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. Power wheelchair users may be eligible to receive a power chair at little to no cost. Vendors research the qualifications and negotiate the payments for many potential power wheelchair users.
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 inside or outside? Is the wheelchair used for traveling by car? Many issues impact the choice of a wheelchair, including cost and reimbursement availability.
Power wheelchair 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, the quality of life rises significantly. Wheelchairs impact care delivery, permitting the patient to control mobility for the rehabilitation efforts. Power wheel chairs give patients the ability to control movement.
Transport power wheelchairs are used for permitting patients to go from home by auto to another place. Patients and family gain more control over care delivery with the availability of rehabilitation and travel with power transport wheelchairs. Care can be delivered in familiar settings.
Power wheelchair markets at $1.5 billion in 2015 are anticipated to reach $2.4 billion in 2022. Market growth comes in large part from demand for mobility from people who might otherwise be bedridden. The aging of the population is creating a growing pool of people that need power wheelchairs.
Power Wheelchairs Executive Summary 31
Power Wheelchair Market Driving Forces 31
CMS Will Lessen Proposed Reimbursement Rate Reductions
for Medicare Beneficiaries’ Power Wheelchairs 34
Reimbursement Drives Power Wheelchair Markets 34
Power Wheelchair Encourage Mobility Of People Who
Were Previously Bed Ridden 35
Power Wheelchair Market Trends 36
Power Wheelchair Market Shares 38
Power Wheelchair Market Forecasts 41
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1. Power Wheelchairs: Market Description and Market Dynamics 42
1.1 Power Wheelchair Mobile Platform 42
1.2 Power Wheelchair Measuring Guide 45
1.3 Benefits of Home Care 46
1.3.1 Home Health Saves Medicare Billions 47
1.4 Demographic Trends Driving Home Care 48
1.5 Power Wheelchair vs. Manual Wheelchair 50
1.5.1 Medicare and Insurance for Wheelchairs 51
1.5.2 Health Care Cost Containment Trends 51
1.5.3 Home Health Care And Home Medical Equipment 52
1.5.4 Changing Home Health Care Market Distribution Channels 52
1.5.5 Mainstreaming of People with Disabilities 53
1.5.6 Recovery And Active Lifestyles Of Disabled 54
1.6 Heavy-Duty Power Wheelchairs – Custom Rehab 57
1.6.1 Custom Power Wheelchairs 57
1.7 Healthcare Equipment Industry 58
1.7.1 Reimbursement Drives Healthcare Equipment Industry 58
1.7.2 Prospective Payment System (PPS) 59
1.7.3 Obamacare Market-Driven Reforms 60
1.7.4 Home Medical Equipment Industry Segments 61
1.8 Marketing Globally 62
1.8.1 U.S. Healthcare Delivery Industry 64
1.8.2 Competition Forms Basis of U.S. Medical Care Services Delivery 65
1.8.3 European Homecare Market Trends 66
1.9 Power Wheel Chair Distribution Channels 67
2. Power Wheelchairs Market Shares and Forecasts 68
2.1 Power Wheelchair Market Driving Forces 68
2.1.1 CMS Will Lessen Proposed Reimbursement Rate Reductions for Medicare Beneficiaries’ Power Wheelchairs 71
2.1.2 Reimbursement Drives Power Wheelchair Markets 71
2.1.3 Power Wheelchair Encourage Mobility Of People Who Were Previously Bed Ridden 72
2.1.4 Power Wheelchair Market Trends 73
2.2 Power Wheelchair Market Shares 75
2.2.1 Invacare Power Wheelchair Strategy 80
2.2.2 Sunrise 85
2.2.3 Permobil 86
2.2.4 Pride 87
2.2.5 Pride Mobility 89
2.2.6 Hoveround 89
2.2.7 Golden Technologies 89
Table ES-1 31
Power Wheelchair Market Driving Forces: Patients 31
Table ES-2 32
Power Wheelchair Market Driving Forces: DME 32
Table ES-3 33
Power Wheelchair Market Diving Forces: Demographics 33
Table ES-4 36
Wheelchair Market Home Health Care Patient Treatment Trends 36
Table ES-5 37
Power Wheelchair Market Technology Aspects 37
Figure ES-6 40
Power Wheelchair Market Shares, Dollars, 2015 40
Power Wheelchair Market Forecasts 41
Figure ES-7 41
Power Wheelchairs Forecasts, Dollars, Worldwide, 2016-2022 41
Table 1-1 43
Core of A Mobile Power Wheelchair Platform 43
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