Global Adjustable Stretchers Market, By Technology (Non-Motorized Stretchers, Motorized Stretchers), End User (Hospital and Clinic, Ambulance Facilities), Application (Intra-Hospital, Emergency Department, Day Care Surgery Department, Pediatric Surgery Department, Radiology Department, Bariatric, Procedural, OB/GYN (Obstetrics and Gynecology)) – Industry Trends and Forecast to 2030.
Adjustable Stretchers Market Analysis and Size
The rising number of ambulatory care centres and day care surgeries, the growing volume of patients suffering from chronic disorders, rising usages of the product for specialized functions such as emergency platforms, surgical platforms, diagnostic, hospital beds and others, the increasing number of patients with disabilities, and the prevalence of the geriatric population around the world are some of the insightful factors that will likely boost the growth of the adjustable stretchers.
Data Bridge Market Research analyses that the adjustable stretchers market which was USD 0.7 billion in 2022, is expected to reach USD 1.03 billion by 2030, at a CAGR of 5% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Adjustable Stretchers Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Non-Motorized Stretchers, Motorized Stretchers), End User (Hospital and Clinic, Ambulance Facilities), Application (Intra-Hospital, Emergency Department, Day Care Surgery Department, Pediatric Surgery Department, Radiology Department, Bariatric, Procedural, OB/GYN (Obstetrics and Gynecology))
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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PARAMOUNT BED CO., LTD. (Japan), Drive DeVilbiss Healthcare (U.K.), PVS SpA (Italy), Pelican Manufacturing (Australia), Be Safe Paramedical (Pty) Ltd. (South Africa), Ferno (U.S.), GIVAS S.r.l. (Italy), Getinge AB (Sweden), JUNKIN (U.S.), Meber Srl Tutti (U.S.), Fu Shun Hsing Technology CO., LTD (Taiwan), Stryker (U.S.), Hill-Rom Services Inc. (U.S.), Medline Industries, Inc. (U.S.), Narang Medical Limited (India), MAC Medical, Inc., (U.S.)
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Market Opportunities
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Market Definition
Stretchers, also known as ambulance trolleys, are used in ambulances to transport patients for non-emergency or emergency transportation. There are electric, manual, and pneumatic stretchers on the market. A paramedic must operate and manage a manual stretcher, including non-powered mechanical auto-loading stretchers. Hydraulic stretchers are another name for pneumatic stretchers. It has a hydraulic mechanism that controls the stretcher movement. As a result, it is in high demand and has a high market value.
Adjustable Stretchers Market Dynamics
Drivers
- Rising elderly population
According to the World Health Organization, the number of people aged 65 and up is expected to increase from 524 million in 2010 to nearly 1.5 billion by 2050. Arthritis, heart disease, stroke, osteoporosis, and obesity are all common in the elderly. Patients suffering from life-threatening illnesses may require both emergency and non-emergency ambulance services. As a result, as the senior population grows, so the adjustable stretchers market also grows.
- Medical tourism
Increased medical tourism is another major factor driving the growth of the global adjustable stretchers market. Readers can understand the dynamics of the global adjustable stretchers market to insights from multiple medical communication companies. All of this information also helps businesses get a bigger picture of the market. This enables market participants to make better decisions, allowing them to significantly grow in the adjustable stretchers market.
Opportunities
- Increased road accidents
Road accidents are becoming more common, necessitating immediate medical attention and ambulance assistance. The Association for Safe International Road Travel (ASIRT) estimates that 1.3 million people are killed in car accidents each year, with another 20-50 million injured or incapacitated. Road traffic accidents are the world's ninth leading cause of death. According to ASIRT, over 37,000 people are killed or injured in road accidents in the United States each year, with an additional 2.35 million injured or disabled. As a result, it opens up more opportunities for the adjustable stretchers market to grow.
Restraints/Challenges
- Lack of skilled professionals
The lack of efficient personnel who can quickly use these stretchers may limit the growth of the adjustable stretchers market during the forecast period.
- High Cost
Despite the high prevalence of diseases, the high cost of stretchers or ambulances can impede the growth of the adjustable stretchers market.
This adjustable stretchers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the adjustable stretchers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Adjustable Stretchers Market Scope
The adjustable stretchers market is segmented on the basis of technology, application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Non-Motorized Stretchers
- Motorized Stretchers
End User
- Hospital and Clinic
- Ambulance Facilities
Application
- Intra-Hospital
- Emergency Department
- Day Care Surgery Department
- Pediatric Surgery Department
- Radiology Department
- Bariatric
- Procedural
- OB/GYN (Obstetrics and Gynecology)
Adjustable Stretchers Market Regional Analysis/Insights
The adjustable stretchers market is analyzed and market size insights and trends are provided by country, technology, application, and end user as referenced above.
The countries covered in the adjustable stretchers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the adjustable stretchers market because of its well-developed healthcare infrastructure.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of the region's high prevalence of cardiovascular Disease (CVD), growing population, and increasing demand for quality healthcare services.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The adjustable stretchers market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for adjustable stretchers market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the adjustable stretchers market. The data is available for historic period 2011-2021.
Competitive Landscape and Adjustable Stretchers Market Share Analysis
The adjustable 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 adjustable stretchers market.
Some of the major players operating in the adjustable stretchers market are:
- PARAMOUNT BED CO., LTD. (Japan)
- Drive DeVilbiss Healthcare (U.K.)
- PVS SpA (Italy)
- Pelican Manufacturing (Australia)
- Be Safe Paramedical (Pty) Ltd. (South Africa)
- Ferno (U.S.)
- GIVAS S.r.l. (Italy)
- Getinge AB (Sweden)
- JUNKIN (U.S.)
- Meber Srl Tutti (U.S.)
- Fu Shun Hsing Technology CO., LTD (Taiwan)
- Stryker (U.S.)
- Hill-Rom Services Inc. (U.S.)
- Medline Industries, Inc. (U.S.)
- Narang Medical Limited (India)
- MAC Medical, Inc., (U.S.)
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