Global Stretchers Market, By Product (Fixed Stretchers, Adjustable Stretchers, Stretcher Chairs), Technology (Non-Motorized Stretchers, Motorized Stretchers), Application (Emergency and Transport Stretchers, Pediatric Stretchers, Radiology Stretchers, Bariatric Stretcher, Procedural Stretchers, OB/GYN (Obstetrics and Gynecology) Stretchers), End-Use (Hospital and Clinic, Ambulance Facilities) – Industry Trends and Forecast to 2029.
Stretchers Market Analysis and Size
The stretchers market is expected to witness significant growth during the forecast period attributed to expanding progress in delivering emergency care services by hospitals and emergency care centers. In addition, technological assessment in ambulance stretchers, such as manual or hydraulic stretchers, is obtaining higher momentum in hospitals and clinics. After the COVID-19 pandemic, there has been a higher demand for medical supplies to maintain and take care of infected populations properly. It is growing and providing the growing opportunity in clinics, hospitals, and ambulance facilities.
Data Bridge Market Research analyses the stretcher market's growth. The expected CAGR of stretchers market is tend to be around 4.90% in the mentioned forecast period. The market was valued at USD 732.07 million in 2021, and it would grow upto USD 1073.39 million by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Fixed Stretchers, Adjustable Stretchers, Stretcher Chairs), Technology (Non-Motorized Stretchers, Motorized Stretchers), Application (Emergency and Transport Stretchers, Pediatric Stretchers, Radiology Stretchers, Bariatric Stretcher, Procedural Stretchers, OB/GYN (Obstetrics and Gynecology) Stretchers), End-Use (Hospital and Clinic, Ambulance Facilities)
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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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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 to transport patients in an ambulance for non-emergency or emergency transportation. Electric, manual, or pneumatic stretchers are available in the market. A paramedic is required to operate and manage a manual stretcher, which includes mechanical auto-loading stretchers that are not powered. Pneumatic stretchers are sometimes known as hydraulic stretchers. It has a hydraulic mechanism that controls the movement of the stretchers. Thus, it is in great demand and is of great market value.
Global Stretchers Market Dynamics
Drivers
- Increased Prevalence of Medical Conditions
The presence of a large population pool over the last 60 years, which generally has a lower immunity level and is more susceptible to multiple medical conditions such as neurological diseases, cardiac problems, cancer, and spinal injuries, is expected to be a high impact rendering driver for growth of stretchers market.
- Rising Elderly Population
According to the World Health Organization, the number of individuals aged 65 and more is expected to rise from an estimated 524 million in 2010 to nearly 1.5 billion in 2050. Arthritis, heart attacks, strokes, osteoporosis, and obesity are all very common in the older population. Patients with severe illnesses may require both emergency and non-emergency ambulance services. As a result, the stretcher market is expected to rise as the senior population grows.
Opportunities
- Increased Road Accidents
Accidents on the road are becoming more common, necessitating prompt medical attention and ambulance assistance. According to the Association for Safe International Road Travel (ASIRT), 1.3 million people die in car accidents yearly, with another 20-50 million injured or incapacitated. Road traffic accidents are the ninth greatest cause of death in the globe. According to ASIRT, over 37,000 people die in road accidents in the United States each year, with an additional 2.35 million injured or handicapped. Thus, it creates more opportunities for the expansion of stretchers market.
- Medical Tourism
The increasing medical tourism is also a major factor that is prompting the growth of the global stretchers market. Insights from multiple medical communication companies allow the readers to understand the dynamics of the global stretchers market. All these information also assist businesses to get the broader picture of the market. This allows the market players to make better decisions that will help them grow substantially in the stretchers market.
Restraints/Challenges
- Lack of skilled professionals
The lack of efficient personnel who cannot make quick use of these stretchers could curb the growth of the global stretchers market over a forecast period.
- High Cost
The high cost of stretchers or ambulances can hinder the growth of the global stretchers market even though the prevalence of the diseases are high.
This global 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 global 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.
COVID-19 Impact on Global Stretchers Market
The COVID-19 has left an unprecedented global public health crisis that has impacted practically every business. Its long-term repercussions are expected to influence industry growth during the forecast period.
Even after post COVID-19 situation, the market is set to flourish as it is independent of the pandemic situation. Rising diseased conditions are set to increase as per the statistics, and so is the stretchers market.
Global Stretchers Market Scope
The global stretchers market is segmented on the basis of product, technology, application, and end-use. 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.
Product
- Fixed Stretchers
- Adjustable Stretchers
- Stretcher Chairs
Technology
- Non-Motorized Stretchers
- Motorized Stretchers
Application
- Emergency and Transport Stretchers
- Pediatric Stretchers
- Radiology Stretchers
- Bariatric Stretcher
- Procedural Stretchers
- OB/GYN (Obstetrics and Gynecology) Stretchers
End User
- Hospitals and Clinics
- Ambulance Facilities
Stretchers Market Regional Analysis/Insights
The stretchers market is analyzed and market size insights and trends are provided by country, product, technology, application, and end-useas referenced above.
The major countries covered in the stretchers market report are the 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 stretchers market due to the largest market size, because of its well developed healthcare infrastructure.
Europe is anticipated to witness a significant growth over the forecast period of 2022 to 2029 due to high prevalence of Cardiovascular Disease (CVD) in the region, 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. 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.
Competitive Landscape and Global Stretchers Market Share Analysis
The 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 stretchers market.
Key players operating in the stretchers market include:
- 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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