The global hospital stretchers market size is expected to be worth around US$ 8.30 billion by 2030, according to a new report by Vision Research Reports.
The global hospital stretchers market size was valued at US$ 3,330.0 million in 2020 and is anticipated to grow at a CAGR of 6.7% during forecast period 2021 to 2030.
|Market Size||USD 8.30 billion by 2030|
|Growth Rate||CAGR of 6.7% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product type, Technology type, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Hill-Rom Holdings; Stryker; Mac Medical; TransMotion Medical Inc.; Fu Shun Hsing Technology; Narang Medical Ltd.; ROYAX; Advanced Instrumentations|
An increasing number of daycare surgeries, a rising number of road accidents & trauma cases, and increasing cases of COVID-19 are some of the key factors driving the growth of this market.
Hospital stretchers have a well-established market across the globe, as they are a basic necessity for any healthcare facility. An upsurge in the number of ambulance facilities is projected to stimulate market growth. Large-scale hospital facilities require intra-hospital transport for patients, this, in turn, creates a highly favorable environment for market growth. Furthermore, the rapid growth of the global healthcare sector is contributing to the increasing product demand.
By Product Type Analysis
On the basis of product type, the market has been segmented into fixed height, bariatric, adjustable height, and radiographic. In 2020, the bariatric segment accounted for the largest revenue share of 38.6%. Bariatric stretchers include larger frames, outsized wheels, winch attachments, and pull & push handles for safe transporting.
The market for adjustable stretchers is also expected to grow significantly in the coming years owing to the increasing demand for innovative and automated hospital stretchers by multi-specialty and super-specialty hospitals. Adjustable stretchers are motorized and technologically advanced.
By Application Analysis
On the basis of application, the market has been segmented into daycare/inpatient, surgery, emergency/trauma, and ambulatory/transport. The emergency/trauma segment held the highest revenue share of 33.9% of the global market in 2020.
The ambulatory/transport segment is expected to witness the fastest CAGR during the forecast period. Ambulatory stretchers are gaining popularity across the globe and are majorly used at emergency service centers. Cost-effective services, easy-to-use ambulance stretchers, a high level of comfort, safety, and patient-centered care are likely to boost the segment growth.
By Technology Type Analysis
On the basis of technology type, the market has been segmented into motorized and non-motorized. Motorized segment held the largest revenue share of more than 65% in 2020 and is expected to grow at the fastest CAGR over the forecast period.
Electric-powered and hydraulic stretchers are gaining more traction amongst hospitals and emergency service providers. For instance, the Prime Series stretchers by Stryker features innovative mobility alternatives, such as zoom motorized drive or big wheel system, electric-powered base & lift, and chaperone stretcher alarm system with incorporated scale.
By Regional Analysis
North America held the largest revenue share of 42.4% of the global market in 2020. A rise in the geriatric population is a key factor responsible for market growth in this region. According to the U.S. Census Bureau, population projections, the number of Americans aged 65 years and above is estimated to reach nearly 95 million by 2060 from 52 million in 2018.
The Asia Pacific regional market is majorly driven by China, India Japan, South Korea, and Australia. An increasing number of hospitals and escalating hospital admission for emergency care are key factors fueling the market growth in this region.
TransMotion Medical Inc.
Fu Shun Hsing Technology
Narang Medical Limited
By Product Type
By Technology Type
Middle East & Africa
The Hospital Stretchers market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Hospital Stretchers market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Hospital Stretchers market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Hospital Stretchers market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Hospital Stretchers market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Hospital Stretchers capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Hospital Stretchers by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Hospital Stretchers market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Hospital Stretchers market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Hospital Stretchers market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Hospital Stretchers industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Hospital Stretchers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Hospital Stretchers market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Hospital Stretchers market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Hospital Stretchers market. These factors have benefited the growth of the global market for Hospital Stretchers. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Hospital Stretchers. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Hospital Stretchers are as follows:
Reasons to Purchase this Report:- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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