Aging Population and Rise of Chronic Illness Drive Wheelchair Demand
Friday, 1 November 2024, 04:45
Aging population and rise of chronic illness are profoundly influencing the healthcare landscape, particularly regarding wheelchair demand. Recent private equity transactions underscore this shift, revealing the heightened need for mobility solutions.
Key Wheelchair Industry Trends
- Increase in chronic illnesses among older adults.
- Surge in demand for innovative mobility aids.
- Private equity interest in mobility equipment sectors.
PE-Backed Transactions Overview
- MobilityWorks acquisition of ParaQuad Mobility.
- Investment in Advanced Healthcare Solutions.
- Collaboration between Flexpoint Ford and leading manufacturers.
- Expansion of adaptive technology for elderly users.
- Strategic partnerships to enhance service offerings.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.