South Korea Hospital Stretchers Market to accumulate US$ 88 Billion by 2032

According to forecasts, the Hospital Stretchers Market in South Korea is projected to reach US$ 88 Million by 2032.  South Korea’s hospital stretcher market is expected to grow at a CAGR of 6.1% during the forecast period. The global hospital stretcher market is experiencing continuous growth and is expected to maintain this trend for the foreseeable future. Stretchers compatible with X-rays are extremely useful, allowing staff to take x-rays without moving the patient.

As hospitals are becoming more prevalent in this region and the demand for maternity/birthing beds continues to increase, the global market for emergency hospital stretchers is also expected to grow at a rapid rate due to the increasing number of hospitals.

In addition, hospitals can create seamless patient experiences within and beyond hospital walls by leveraging the power of data, AI, and IoT. A continuing increase in the demand for FDA-approved hospital stretchers is expected to drive further growth in this market. A rise in demand for portable stretches is expected to significantly increase the growth of the market in this region.

A growing awareness of the benefits of early diagnosis and treatment has also led to a greater demand for hospital stretchers. This market is expected to grow at an impressive rate over the next few years. Furthermore, the increasing investment in healthcare, as well as the development of healthcare infrastructure, are driving the market for hospital stretchers. Both developing and developed economies have been experiencing an increase in healthcare expenditures, which has led to an increased need for hospital stretchers to be integrated into their healthcare systems.

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As hospitals become more multi-specialty and super-specialty, the demand for hospital stretchers is also expected to increase significantly. The use of motorized stretchers and the use of technologically advanced stretchers are expected to increase in the future.

Key Takeaways

• Over the period 2022-2032, the market is expected to generate US$ 39 million in absolute dollar opportunities.
• Health tourism is expected to gain considerable demand in the coming years due to improved reimbursement amounts and increasing medical tourism.
• Additionally, the number of surgeries is expected to increase, increasing the demand for hospital stretchers.
• A growing need for home care in the region will further grow the medical stretcher market.

Competitive Landscape

Market competition is fierce among a number of players. Multi-specialty hospitals are making it possible for advanced hospital stretcher owners to license their products for profit and sales.  New competitors are expected to enter the market, which will result in increased competition.

Several top-notch companies are experimenting with novel methods of reducing production costs in the hospital stretcher sector. Global market participants use cutting-edge technology to provide immersive experiences and gain a competitive advantage.

The key vendors in the global Hospital Stretchers market are Hill-Rom Holdings, Stryker, Mac Medical, TransMotion Medical Inc., Fu Shun Hsing Technology, Narang Medical Limited, ROYAX, and Advanced Instrumentations.

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Recent Developments

• Aging populations and the absence of enough personnel to care for the patients have contributed to the growing demand for hospital beds. As a result of using LINAK actuator solutions, caregivers are able to move around more efficiently and connect to hospital information facilities and digital services – all of which have the effect of increasing caregiver productivity.
• The ability to move and function in a variety of ways can assist caregivers in relieving the strain on their bodies. In addition to multi-adjustable backrests, leg rests, and knee rests, LINAK® offers an adjustable height option as well. By providing caregivers with optimal working heights and easy bed positioning, the powerful movement options improve caregiver ergonomics. Electric LINAK actuators support a movement that contributes to job satisfaction. In addition to smooth and low-noise movement, LINAK electric actuator solutions provide a wide range of benefits.

Patient transport systems are medical devices used to transport patients within a hospital or healthcare facility. They are designed to provide a safe, comfortable and secure platform for patients who need to be moved from one location to another, such as from a patient’s room to an operating room or imaging center.

Market Segments Covered in Hospital Stretchers Industry Analysis

By Product Type:

• Adjustable Height
• Fixed Height
• Bariatric
• Radiographic

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By Technology:

• Motorized
• Non-Motorized

By Application:

• Ambulatory/Transport
• Day-care/Inpatient
• Surgery
• Emergency/Trauma

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