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

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.