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Hospital Stretchers Industry Overview
The global hospital stretchers market size is expected to reach USD 3.60 billion by 2028, registering a CAGR of 5.7% over the forecast period, according to a new report by Grand View Research, Inc. 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 Market Segmentation
Grand View Research has segmented the global hospital stretchers market on the basis of product type, technology type, application, and region:
Based on the Product Type Insights, the market is segmented into Fixed Height, Bariatric, Adjustable Height, Radiographic.
- In 2020, the bariatric segment accounted for the highest revenue share of 37.6%. Bariatric stretchers include larger frames, outsized wheels, winch attachments, and pull push handles for safe transporting. Stretchers of this sort are typically used to carry obese patients.
- Obesity is a major health concern that leads to numerous related chronic diseases or complications, such as diabetes, cardiovascular diseases, and cancer. Thus, the increasing prevalence of obesity leading to hospitalization is increasing the demand for bariatric stretchers.
- Bariatric stretchers can withstand weight up to 700 pounds. Moreover, the use of powered hi/low stretchers might be advantageous to enable patient transfer and positioning.
- 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.
Based on the Application Insights, the market is segmented into Daycare/Inpatient, Surgery, Emergency/Trauma, Ambulatory/Transport.
- The emergency/trauma segment held the largest revenue share of 32.9% of the global market in 2020. The segment growth is credited to the rising number of road traffic crashes or emergency trauma cases.
- Moreover, according to the U.S. Bureau of Labor Statistics, in 2019, a total of 5,333 workers in the U.S. died from a work-associated injury. Work-related injuries are prevalent in emergency services. As the number of patients increases, the demand for hospital stretchers for emergency cases is expected to grow at a rapid pace.
- 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.
- Furthermore, the market is experiencing a novel trend of renting out stretchers for a small duration that helps hospitals to easily operate received funding through the year.
Based on the Technology Type Insights, the market is segmented into Motorized, 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. The segment’s growth is owing to the growing investment by key players to launch cutting-edge and innovative products.
- 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.
Hospital Stretchers Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa (MEA)
Key Companies Profile Market Share Insights
Key players are focusing on various business strategies, such as mergers acquisitions, partnerships, and new product launches to strengthen their foothold in the market.
Some prominent players in the global hospital stretchers market include
- Hill-Rom Holdings
- Stryker
- Mac Medical
- TransMotion Medical Inc.
- Fu Shun Hsing Technology
- Narang Medical Limited
- ROYAX
- Advanced Instrumentations
Order a free sample PDF of the Hospital Stretchers Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
