The hospital stretchers market size is expected to see strong growth in the next few years. It will grow to $3.75 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to global health emergencies influence, innovation in material science, demand for emergency care solutions, regulatory standards evolution, customization and specialization. Major trends in the forecast period include education and training emphasis, telehealth integration, modularity and adaptability, sustainability and eco-friendly materials, ergonomic and maneuverability enhancements.
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Segmentation & Regional Insights
The hospital stretchers market covered in this report is segmented –
1) By Product Type: Fixed Height Stretchers, Adjustable Stretchers, Bariatric Stretchers, Other Product Types
2) By Technology: Motorized Stretchers, Non-Motorized Stretchers
3) By Application: Intra-Hospital, Pediatric Care, Emergency Department, Radiology Department, Other Applications
North America was the largest region in the hospital stretchers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global hospital stretchers market report during the forecast period. The regions covered in the hospital stretchers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising number of accidents is expected to propel the growth of the hospital stretchers market going forward. Accidents refer to undesirable or unfortunate event that occurs unintentionally and usually results in harm, injury, damage, loss, casualty, or mishap. The rising number of casualties is one of the driving factors for the growth of the hospital stretcher market, as it is an essential aspect of patient care. A stretcher is used to transport people from one location to another. For instance, in January 2023, according to a report published by the National Highway Traffic Safety Administration, a US-based government agency, in the first nine months of 2022, 31,785 persons lost their lives in car accidents. According to the estimates, fatalities rose in 25 states during the first three quarters of 2022. Deaths rose 12% on rural interstates, 10% in collisions involving at least one large vehicle, and 8% among bikers, and other places, compared to the first half of 2021. Therefore, the rising number of accidents is driving the growth of the hospital stretcher market.
Key Industry Players
Major companies operating in the hospital stretchers market report are Stryker Corporation, TransMotion Medical Inc., Advanced Instrumentations Inc., Mac Medical Inc., Narang Medical Limited, ROYAX s.r.o., Anetic Aid Ltd., LINET Group SE, Fu Shun Hsing Technology Co. Ltd., Venture Medical Technologies Inc., Zhangjiagang Xiehe Medical Instrument Co. Ltd., Advin Healthcare Pty. Ltd., Narayan Enterprises Private Limited, Joson Care Enterprise Co. Ltd., Desco Medical Limited, Medline Industries Inc., Invacare Corporation, Baxter International Inc., Carl Bennet AB, Paramount Bed Holdings Co. Ltd., Stiegelmeyer GmbH & Co. KG, Joerns Healthcare LLC, Spencer S.p.A., Midmark Corporation, Howard Wright Limited, Getinge AB, FUJIFILM Holdings Corporation, Gendron Inc., GF Health Products Inc., Hill-Rom Holdings, Inc., Ferno-Washington, Inc., Givas Srl, Hidemar S.r.l., HOSPIMETAL S.A., Haelvoet NV, Famed Zywiec Sp. z o.o.
The hospital stretchers market report table of contents includes:
1. Executive Summary
2. Hospital Stretchers Market Characteristics
3. Hospital Stretchers Market Trends And Strategies
4. Hospital Stretchers Market - Macro Economic Scenario
5. Global Hospital Stretchers Market Size and Growth
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31. Global Hospital Stretchers Market Competitive Benchmarking
32. Global Hospital Stretchers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Hospital Stretchers Market
34. Hospital Stretchers Market Future Outlook and Potential Analysis
35. Appendix
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