Hospital Stretchers Market size was valued at US$ 2 Bn. in 2022 and the total revenue is expected to grow at CAGR 5.8 % through 2023 to 2029, reaching nearly US$ 2.98 Bn.Hospital Stretchers Market Overview:
The increasing prevalence of chronic disorder, growing geriatric population, hospitalization and technological advancement are the driving factor of these market. Hospital Stretchers is the medical equipment that are used to transport patient within and outside of healthcare facility. Most of the stretchers are simple, lightweight, made of metal or other synthetic materials, and suspended between two tubular frames. These are widely used in radiology, and as surgical platforms, examination desks, and hospital beds, apart from patient transportation. These Stretcher are used in both condition Chronic as well as acute condition.To know about the Research Methodology :- Request Free Sample Report
Hospital Stretchers Market Dynamics:
The increasing incidence of chronic diseases such as Cancer, Respiratory disease, Cardiovascular disorder, and other autoimmune disease across the globe is the key factor driving the market growth. Heart disease is one of the most causing diseases in the world. Additionally, the rising prevalence of cancer has been increasing the demand for Hospital Stretchers. For example, according to the International Agency for Research on Cancer (IARC) estimates (published GLOBOCAN 2021), the cancer burden has increased to 19.3 million cases and 10 million cancer deaths in 2021. Upsurge in chronic disease is considered as the major factor driving the growth of the Hospital Stretchers Market. According to the Centers for Disease Control and Prevention (CDS), 34.9% of the population was obese and the annual medical cost of obesity treatment was around US$ 147Bn in 2021. Technological development in the counties such as China, Japan, and India are contributing to the market. An increase in the number of occurrences of road accidents and fatalities may need the use of emergency medical services and support. According to the WHO, about 1.35 million people die each year in traffic accidents (2021). This is more common among people under the age of 29, and it is more common in countries with a low or middle income. Low- and middle-income nations account for 93 percent of worldwide road fatalities and 60 percent of global car ownership. Furthermore, the Association for Safe International Road Travel (ASIRT) estimates that 1.35 million people die each year in road accidents, with another 20-50 million injured or incapacitated.Hospital Stretchers Market Segment Analysis:
The Hospital Stretchers Market is segmented By Product Type, By Application Based on the Product Type, The Hospital Stretchers Market is segmented into fixed height, Bariatric, Adjustable Height, and Radiographic. The bariatric segment dominates the market and held the largest market share of 37.6% in the year 2021. Bariatric stretcher includes large frame, outside wheel, winch attachment, and pull and push handle with the easy-to-move wheels in the Bariatric stretcher and transporting. The adjustable height segment is the second largest segment in this market. Based on the Application, The Hospital Stretchers Market is segmented into Daycare/Inpatient, Surgery, Emergency/Trauma, Ambulatory/Transport. The Emergency/Trauma segment held the largest market share of 32.9% in the year 2021. The segment growth is credited to the rising number of road traffic crashes and emergency trauma cases. According to Eurostat, in 2021, the rate of persons killed in road accidents in the EU has been estimated at 51.2 per million inhabitants. The ambulatory/Transport segment is witnessed to grow with the fastest CAGR during the forecast period. This is majorly used in emergency service centers across the globe. This stretcher is more used and popular during an emergency.Hospital Stretchers Market Regional Insights:
North America dominated the Hospital Stretchers Market with the largest market share of 41.4 % in 2021. It is also expected to register a CAGR of 8.6 % during the forecast period. A rise in the geriatric population is a key factor responsible for market growth. According to population predictions from the United States Census Bureau, the number of Americans aged 65 and more will increase to approximately 95 million by 2060, up from 52 million in 2021. Furthermore, the total share of people aged 65 and up is expected to climb from 16% to 23% during the forecast period. The market is being driven by rising healthcare expenditure and the adoption of modern healthcare facilities. For example, according to CMS.gov, healthcare spending in the United States increased by 4.6 percent in 2019, reaching USD 3.8 trillion per person, accounting for 17.7 percent of the country's GDP. Furthermore, favorable reimbursement policies for emergency and non-emergency medical services in the United States and Canada are expected to contribute to market growth. China and India are the main drivers of the Asia Pacific regional market. Japan, South Korea, and Australia are three of the most populous countries in the world. The growth of the market in this region is being fueled by an increase in the number of hospitals and an increase in hospital admissions for emergency care. Furthermore, an increase in the number of road traffic accidents, resulting in an increase in the patient population, is a major driver of market expansion. The objective of the report is to present a comprehensive analysis of the Hospital Stretchers Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Hospital Stretchers Market dynamic, structure by analyzing the market segments and project the Hospital Stretchers Market size. Clear representation of competitive analysis of key players by Product, price, financial position, Product portfolio, growth strategies, and regional presence in the Hospital Stretchers Market make the report investor’s guide.Hospital Stretchers Market Scope: Inquire before buying
Hospital Stretchers Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 2 Bn. Forecast Period 2023 to 2029 CAGR: 5.8% Market Size in 2029: US $ 2.98 Bn. Segments Covered: by Product Fixed height Bariatric Adjustable Height Radiographic by Application Daycare/Inpatient Surgery Emergency/Trauma Ambulatory/Transport Hospital Stretchers Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Hospital Stretchers Market Key Players:
1. Hill-Rom Holdings 2. Stryker 3. Mac Medical 4. TransMotion Medical Inc. 5. Fu Shun Hsing Technology 6. Narang Medical Limited 7. ROYAX 8. Advanced Instrumentations 9. North Star Imaging Inc 10. SCANCO Medical AG 11. Canon Medical Systems Corporation) 12. Hitachi Ltd. 13. Koninklijke Philips N.V. 14. NeuroLogica Corporation 15. Neusoft Medical Systems Co., Ltd. 16. Shenzhen Anke High-tech Co., Ltd. 17. Siemens Healthineers 18. TESCANFrequently Asked Questions:
1] Which segments are covered in Hospital Stretchers Market report? Ans. The segments covered in Hospital Stretchers Market report are based By Product Type and Application 2] Which region is expected to hold the highest share in the Hospital Stretchers Market? Ans. North America is expected to hold the highest share in the Hospital Stretchers Market 3] What is the market size of Hospital Stretchers Market by 2029? Ans. The market size of Hospital Stretchers Market by 2029 is US $ 2.98 Bn. 4] Who are the top key players in the Hospital Stretchers Market? Ans. ROYAX, Advanced Instrumentations, North Star Imaging Inc, SCANCO Medical AG, Canon Medical Systems Corporation), Hitachi Ltd., Koninklijke Philips N.V. , NeuroLogica Corporation, Neusoft Medical Systems Co., Ltd. Shenzhen Anke High-tech Co., Ltd 5] What was the market size of Hospital Stretchers Market in 2022? Ans. The market size of Hospital Stretchers Market in 2022 was US $ 2 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Hospital Stretchers Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Hospital Stretchers Market 3.4. Geographical Snapshot of the Hospital Stretchers Market , By Manufacturer share 4. Hospital Stretchers Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Hospital Stretchers Market 5. Supply Side and Demand Side Indicators 6. Hospital Stretchers Market Analysis and Forecast, 2022-2029 6.1. Hospital Stretchers Market Size & Y-o-Y Growth Analysis. 7. Hospital Stretchers Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 7.1.1. Fixed height 7.1.2. Bariatric 7.1.3. Adjustable Height 7.1.4. Radiographic 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Daycare/Inpatient 7.2.2. Surgery 7.2.3. Emergency/Trauma 7.2.4. Ambulatory/Transport 8. Hospital Stretchers Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Hospital Stretchers Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 9.1.1. Fixed height 9.1.2. Bariatric 9.1.3. Adjustable Height 9.1.4. Radiographic 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Daycare/Inpatient 9.2.2. Surgery 9.2.3. Emergency/Trauma 9.2.4. Ambulatory/Transport 10. North America Hospital Stretchers Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Hospital Stretchers Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Hospital Stretchers Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Hospital Stretchers Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Hospital Stretchers Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Hospital Stretchers Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Hospital Stretchers Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Hospital Stretchers Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Hospital Stretchers Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Hospital Stretchers Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Hospital Stretchers Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Hospital Stretchers Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Hospital Stretchers Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Hospital Stretchers Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Hospital Stretchers Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Hospital Stretchers Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates &Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Hospital Stretchers Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Hospital Stretchers Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Hospital Stretchers Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Hospital Stretchers Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Hospital Stretchers Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Hospital Stretchers Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Hospital Stretchers Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Hospital Stretchers Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Hospital Stretchers Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Hospital Stretchers Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Hospital Stretchers Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Hospital Stretchers Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Hospital Stretchers Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Hospital Stretchers Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Hospital Stretchers Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Hospital Stretchers Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Hospital Stretchers Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 44. Rest of South America Hospital Stretchers Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Hospital Stretchers Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Stryker 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Mac Medical 45.3.3. TransMotion Medical Inc. 45.3.4. Fu Shun Hsing Technology 45.3.5. Narang Medical Limited 45.3.6. ROYAX 45.3.7. Advanced Instrumentations 45.3.8. North Star Imaging Inc 45.3.9. SCANCO Medical AG 45.3.10. Canon Medical Systems Corporation) 45.3.11. Hitachi Ltd. 45.3.12. Koninklijke Philips N.V. 45.3.13. NeuroLogica Corporation 45.3.14. Neusoft Medical Systems Co., Ltd. 45.3.15. Shenzhen Anke High-tech Co., Ltd. 46. Primary Key Insights