Hospital Stretchers Market to Touch Valuation of US$ 8.30 Bn by 2030

SHARE THIS ARTICLE

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.

Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/38689

Hospital Stretchers Market (By Product: Fixed Height, Bariatric, Adjustable Height, Radiographic; By Technology Type: Motorized, Non-Motorized; By Application: Daycare/Inpatient, Surgery, Emergency/Trauma, Ambulatory/Transport) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope Details
Market Size USD 8.30 billion by 2030
Growth Rate CAGR of 6.7% From 2021 to 2030
Base Year 2021
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

Growth Factors

 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.

Key Players

  • Hill-Rom Holdings
  • Stryker
  • Mac Medical
  • TransMotion Medical Inc.
  • Fu Shun Hsing Technology
  • Narang Medical Limited
  • ROYAX
  • Advanced Instrumentations

Market Segmentation

  • By Product Type
    • Fixed Height
    • Bariatric
    • Adjustable Height
    • Radiographic
  • By Technology Type
    • Motorized
    • Non-Motorized
  • By Application
    • Daycare/Inpatient
    • Surgery
    • Emergency/Trauma
    • Ambulatory/Transport
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • Japan
      • China
      • India
      • Australia
      • South Korea
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/38689 or call: +1 9197 992 333

Daksh

Daksh is an SEO Analyst having 3 years of experienced. we can quickly understand and support initiatives that will contribute to the goals and success of client campaigns. and also Perform keyword research in coordination with client business objectives to optimize existing content and uncover new opportunities.

View all posts by Daksh →

Leave a Reply

Your email address will not be published. Required fields are marked *