USD 2451.18 million
Hospital Stretchers Market Size, Share, Growth Analysis, By Product(Fixed Height, Bariatric, Adjustable Height, and Radiographic), By Technology(Motorized, and Non-Motorized), By Application(Daycare/Inpatient, Surgery, Emergency/Trauma, and Ambulatory/Transport), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2294 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
91
|Figures:
76
Hospital Stretchers Market Insights
Hospital Stretchers Market size was valued at USD 2590.9 million in 2022 and is poised to grow from USD 2738.58 million in 2023 to USD 4267.03 million by 2031, at a CAGR of 5.7% during the forecast period (2024-2031).
The global hospital stretcher market is projected to witness rapid growth rate as a result of the rising prevalence of chronic diseases, the aging population, rising hospitalization, and technological advancements. Additionally, a growth in the number of surgical and medical operations is anticipated to fuel product demand throughout the projection period. Globally, the prevalence of chronic diseases such as diabetes, heart disease, cancer, respiratory diseases, and other autoimmune conditions is on the rise, which is a major driver in the market's expansion.
The prevalence of chronic diseases is influenced by a number of factors, including the adoption of unhealthy and sedentary lifestyles, an increase in obesity cases, increasing alcohol intake, and increased smoking. Heart disease is one of the biggest killers worldwide. For instance, the WHO estimates that 17.9 million people worldwide pass away each year as a result of CVDs. Additionally, according to the CDC, 655,000 Americans die from heart disease each year, and 805,000 Americans have heart attacks.
The market in the United States will be driven by the high senior population, which has a lowered immune system and is more prone to chronic ailments. The WHO projects that there will be 2 billion people in the world who are 60 years of age or older by the year 2050. By 2050, 80% of the world's senior population will reside in low- to middle-income countries. In addition, the World Bank predicts that by 2050, there will be twice as many individuals over 65 in the world as there were in 2021, or about 727 million people.
Additionally, a spike in the incidence of traffic accidents and fatalities may call for the need for emergency medical services. According to the WHO (2021), about 1.35 million people die in traffic accidents every year. This is more widespread in nations with middle and low incomes and is more common in people under the age of 29. Low- and middle-income nations, which account for 60% of all automobiles worldwide, account for 93% of all traffic deaths. Moreover, over 1.35 million people each year die in traffic accidents, while 20 to 50 million suffer injuries or disabilities, according to the Association for Safe International Roads Travel (ASIRT).
Automobile accident victims require immediate medical care & ambulance services to take them to hospitals. Additionally, these injured/traumatized patients are frequently handled in a stretcher that includes attachments like a footboard, lifting bridles, toe clamps, wrist rests, lifting harnesses, shoulder harnesses, and even floatation accessories. Thus, it is projected that over the indicated study period, the rising frequency of traffic accidents will fuel market expansion.
Additionally, stretchers offer a trustworthy yet affordable substitute in a number of nations where patient bedding is in short supply because of the terrible effects of the COVID-19 pandemic. By adding attachments including operating table extensions, ventilator and additional device support expansions, patient harnesses, remote monitoring of patient’s accessories, and others, stretchers may prove to be a temporary substitute for hospital beds. This element is anticipated to encourage market expansion.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Motorized
Fastest Growth
Motorized
Growth Rate
5.7% CAGR
Global Hospital Stretchers Market ($ Bn)
Country Share for North America Region (%)
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Hospital Stretchers Market Segmental Analysis
The global hospital stretchers market is grouped on the basis of product, technology, application, and region. Based on product, the market is segmented into Fixed Height, Bariatric, Adjustable Height, and Radiographic. Based on technology, the market is segmented into Motorized, and Non-Motorized. Based on application the market is segmented into Daycare/Inpatient, Surgery, Emergency/Trauma, and Ambulatory/Transport. Based on region, the global Hospital Stretchers Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Product
The bariatric category outperformed all other market segments with a sales share of 37.6%. Bariatric stretchers have wider frames, bigger wheels, rope attachments, and pull and push handles for safety during transport. Obese people are regularly transported using these types of stretchers. The risk of several chronic diseases or their complications, such as diabetes, heart disease, and cancer, is increased by obesity, which is a severe health problem. So, as hospitalizations for obesity are increasing, there is a growing need for bariatric stretchers. Weights up to 700 pounds can be supported by bariatric stretchers. Powered hi/low stretchers may also be used to make patient placement and transportation easier. As a result, the rising obesity rate supports an environment that is perfect for category growth.
Due to the rising demand from multi-specialty & super-specialty hospitals for innovative & automated hospital stretchers, the market for variable stretchers is also anticipated to expand significantly in the upcoming years. Stretchers with adjustable lengths are powered by cutting-edge technology. The ease of usage for medical experts is another benefit of these stretchers. They have a sturdy, adjustable backrest and a crank mechanism. Stretchers with a fixed height are often simpler and lighter than stretchers with an adjustable height. However, stretchers that may be adjusted can match the rise of other ground levels, making patient transfers simpler and safer.
Analysis by Technology
The motorized sector had a revenue share of more than 65% and is predicted to expand at the fastest CAGR during the projection period. The leading companies' increasing investments in the development of cutting-edge and novel products are responsible for the segment's rise. The appraisal of new technology for hydraulic and pneumatic stretchers is driving up demand in developed nations.
Hospitals and emergency care providers are increasingly using electric- and hydraulic-powered stretchers. Stryker's Prime Series stretchers, for instance, offer cutting-edge mobility options including a zoom motorized drive or huge wheel system, an electric base & lift, and a chaperone stretcher alarm system with an integrated scale. Additionally, compared to non-motorized stretchers, motorized stretchers are simple to transport within isolated areas.
Global Hospital Stretchers Market By Technology
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Hospital Stretchers Market Regional Insights
North America had the greatest revenue share, accounting for 41.4% of the market's overall sales in 2022. The population's aging is a key factor in this market's expansion. According to projections from the U.S. Census Bureau, there will be 95 million fewer Americans 65 and older in 2060 than there are now, or a difference of 52 million. Furthermore, it is anticipated that the proportion of adults 65 and older as a whole would rise from 16% to 23%.
In the Asia Pacific region, India, China, Japan, South Korea, Japan, & Australia are the main market developers. A growth in hospitals and an increase in hospital admissions for emergency care are two factors that are mostly responsible for the market expansion in this area. The increase in patients as a result of an increase in traffic accident incidents is another crucial element for market expansion. For instance, according to a World Bank analysis, India accounts for 11% of all traffic-related fatalities worldwide. In the country, there are more than 4.5 lakh road accidents annually, and 1.5 lakh of these are fatal.
Road accident victims demand urgent medical attention and hospital services. As a result, it is likely that the rise in traffic accidents will spur market growth in the years to come. Over the next few years, the market in Asia Pacific is anticipated to grow significantly as a result of a variety of reasons, such as evolving healthcare infrastructure, supportive governmental efforts, and growing public awareness of the need for early detection and treatment.
Global Hospital Stretchers Market By Geography
- Largest
- Fastest
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Hospital Stretchers Market Dynamics
Drivers
Increasing Healthcare Expenditure
- The rising healthcare expenditure, particularly in emerging economies, is driving the demand for hospital stretchers. As healthcare facilities invest in modernizing their infrastructure and equipment, the need for efficient patient transportation and mobility solutions, such as stretchers, increases.
Restraints
High Cost of Advanced Stretchers
- Technologically advanced hospital stretchers can be costly, limiting their adoption, particularly in resource-constrained healthcare settings. The high cost of acquisition and maintenance of sophisticated stretchers may pose a restraint on the market, especially in developing regions with budgetary constraints.
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Hospital Stretchers Market Competitive Landscape
To strengthen their position in the market, key players are concentrating on several business tactics like mergers and acquisitions, collaborations, and the development of new products. For instance, Stryker introduced the ProCuity wireless hospital bed. The smart bed is intended to decrease in-hospital patient falls, improve nurse safety and workflow efficiency, and assist hospitals in cost-cutting.
Top Player’s Company Profiles
- Hill-Rom Holdings, Inc.
- Getinge AB
- Invacare Corporation
- Gendron, Inc.
- GF Health Products, Inc. (Graham-Field)
- Span-America Medical Systems, Inc.
- TransMotion Medical, Inc.
- Junkin Safety Appliance Company
- Novak M d.o.o.
- Sidhil Ltd.
- Zhangjiagang New Fellow Med Co., Ltd.
- PROMEK Medical
- Mega Andalan Kalasan (MAK)
- Linet spol. s r.o.
- Besco Medical Co., Ltd.
- Pelican Manufacturing Pty Ltd.
- Favero Health Projects S.p.A.
Recent Developments
- In July 2022, A patient is safely and securely wrapped in an inflatable stretcher created by Shih Chien University student Yu-Hsin Wu to prevent patient falls while they are transported to the ambulance. Unlike the traditional stretchers now used in healthcare facilities, this inflatable stretcher is small, lightweight, and simple to install and operate.
- In May 2022, as their best emergency and transportation stretcher, the "Sprint 200" from Linet was unveiled. It belongs to a new generation of stretchers that uses cutting-edge techniques to elevate patient care and transportation.
Hospital Stretchers Key Market Trends
- Increasing Demand for Specialized Stretchers: There is a growing demand for specialized stretchers designed to meet specific healthcare needs. These include bariatric stretchers for obese patients, pediatric stretchers for children, and neonatal stretchers for newborns. The customization and development of specialized stretchers cater to the diverse requirements of patients across different age groups and medical conditions.
- Focus on Patient Comfort and Safety: Patient comfort and safety are paramount in healthcare settings. Manufacturers are focusing on developing stretchers with ergonomic designs, advanced padding and cushioning materials, and enhanced safety features such as side rails, locking mechanisms, and fall prevention systems. These features aim to enhance patient comfort and reduce the risk of injuries during transportation.
- Integration of Advanced Technologies: The integration of advanced technologies is a significant trend in the hospital stretchers market. This includes the incorporation of electronic controls, automated height adjustment, digital displays for vital sign monitoring, integrated weighing scales, and connectivity features for seamless data transfer to electronic health records (EHR) systems. These technological advancements improve efficiency, data accuracy, and workflow in patient transportation.
- Growing Adoption of Powered Stretchers: Powered or electric stretchers are gaining popularity due to their ease of use and enhanced functionality. Powered stretchers eliminate the need for manual pushing or pulling, reducing the strain on healthcare providers. These stretchers often come equipped with electric motors for height adjustment, Trendelenburg/reverse Trendelenburg positioning, and battery-powered mobility, improving ergonomics and efficiency in patient transportation.
- Rise in Demand for Mobile and Versatile Stretchers: Hospitals and healthcare facilities are increasingly adopting mobile and versatile stretchers that can be easily maneuvered through different departments and settings. These stretchers feature swivel casters, steering systems, and compact designs to navigate tight spaces and facilitate seamless movement between various healthcare areas, including emergency rooms, operating rooms, and imaging departments.
Hospital Stretchers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global hospital stretchers market analysis, the rising prevalence of chronic diseases, the aging population, rising hospitalization, and technological advancements are the key growth drivers. Additionally, a growth in the number of surgical and medical operations is anticipated to fuel product demand throughout the projection period. Globally, the prevalence of chronic diseases such as diabetes, heart disease, cancer, respiratory diseases, and other autoimmune conditions is on the rise, which is a major driver in the market's expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2590.9 million |
| Market size value in 2031 | USD 4267.03 million |
| Growth Rate | 5.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Hospital Stretchers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Hospital Stretchers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Hospital Stretchers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hospital Stretchers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hospital Stretchers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hospital Stretchers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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