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Worldwide Power Wheelchair, Scooter, and All Terrain Vehicle Market Opportunities, Strategies, and Forecasts, 2006 to 2012
WinterGreen Research, Inc., Dec 2006, Pages: 476
Worldwide power wheelchair and scooter all terrain and regular personal vehicle
markets have shifted dramatically in the last year. Vehicles are useful as personal
vehicles in controlled settings, going beyond medical necessity to personal transport.
Most vehicles are paid for by Medicare or private insurance as users are usually not
as mobile as they wished.
There is a small proportion of the market that is not paid for by public or private
insurance. Scooter and power wheelchair vehicles are used in shopping settings,
airports, in gated communities, and for local transport. Scooters and power
wheelchairs are evolving a market presence that goes beyond handicapped transport
to personal transport.
Forecasts for 2006-2012 indicate the start of fuel cell personal vehicles and electric
vehicles with longer lasting travel capability. There is a measurable sub segment of
the market that addresses all terrain vehicles.
Power wheelchair and scooter markets are expected to grow as the baby boomers age.
The aging of the population is expected to change markets. Older people need more
support for continued mobility through disability. Rehabilitation becomes more
prevalent.
Power wheelchair, scooter, and all terrain market forecasts indicate strong growth
based on new technology and demand from people wanting a vehicle in between a
heavy expensive to drive car and a manual wheelchair.
Wheelchair and scooter markets at $1.7 billion in 2005 are expected to grow to $5.3
billion by 2012. Power wheelchairs and scooters provide mobility and move the
healthcare delivery system toward the lower cost homecare.
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