US demand for wheelchairs and other personal mobility devices is projected to increase more than five percent per year through 2010 to approximately $3.6 billion.
April 27, 2007 (Press Release) --
Wheelchairs & Other Personal Mobility Devices forecasts to 2010 & 2015
US demand to grow over 5% annually through 2010
US demand for wheelchairs and other personal mobility devices is projected to increase more than five percent per year through 2010 to approximately $3.6 billion. Demand growth through 2010 will be similar for the two major product segments: devices designed primarily for disabled persons (wheelchairs, powered scooters, lifts, and specialty elevators) and other personal mobility devices (e.g., golf cars, in-plant personnel carriers, commercial vehicles, trams, and man lifts), although different factors will be driving these gains.
Wheelchairs to be hampered by Medicare/Medicaid rules
Demand for wheelchairs and related products will benefit from the continued aging of the American population, which will foster gains in the size of the wheelchair-using population. However, advances will be constrained through 2010 by difficulties in the reimbursement environment, including more restrictive Medicare reimbursement protocols, reduced reimbursement rates, and the introduction of competitive bidding in 2007 by the Centers for Medicare & Medicaid Services. In addition, further penetration of low-cost imports, especially for standard powered wheelchairs, will limit value gains. Products with the fastest growth in demand through 2010 will be those either tailored to niche markets or not typically reimbursed by Medicare or Medicaid, including bariatric wheelchairs for extremely overweight persons, sports (or ultralight) wheelchairs, and motorized scooters.
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=25113
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
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Wheelchairs & Other Personal Mobility Devices forecasts to 2010 & 2015
US demand to grow over 5% annually through 2010
US demand for wheelchairs and other personal mobility devices is projected to increase more than five percent per year through 2010 to approximately $3.6 billion. Demand growth through 2010 will be similar for the two major product segments: devices designed primarily for disabled persons (wheelchairs, powered scooters, lifts, and specialty elevators) and other personal mobility devices (e.g., golf cars, in-plant personnel carriers, commercial vehicles, trams, and man lifts), although different factors will be driving these gains.
Wheelchairs to be hampered by Medicare/Medicaid rules
Demand for wheelchairs and related products will benefit from the continued aging of the American population, which will foster gains in the size of the wheelchair-using population. However, advances will be constrained through 2010 by difficulties in the reimbursement environment, including more restrictive Medicare reimbursement protocols, reduced reimbursement rates, and the introduction of competitive bidding in 2007 by the Centers for Medicare & Medicaid Services. In addition, further penetration of low-cost imports, especially for standard powered wheelchairs, will limit value gains. Products with the fastest growth in demand through 2010 will be those either tailored to niche markets or not typically reimbursed by Medicare or Medicaid, including bariatric wheelchairs for extremely overweight persons, sports (or ultralight) wheelchairs, and motorized scooters.
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=25113
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
For searching our huge collection of reports, Please visit :
http://www.bharatbook.com/general/customresearch.asp
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