Hospital Stretchers Market is projected to reach US$ 4.8 billion by 2032, at a CAGR of 5.7%

According to a recent market assessment conducted by Future Market Insights (FMI), the global Hospital Stretchers market size is currently valued more than US$ 2.8 billion and is predicted to reach US$ 4.8 billion by 2032. According to the report’s findings, hospitals will continue to be critical for the market, as they will create the majority of revenue, with a CAGR of 18.4%. Throughout the analysis period, the US market is expected to account for more than 30% of global revenue.

The prevalence of chronic diseases is linked to the prevalence of sedentary lifestyles, as well as the prevalence of alcohol and smoking intake. Cardiovascular disease is one of the leading causes of death worldwide. CVDs claim the lives of around 17.9 million people each year, according to the WHO. According to the Centres for Disease Control and Prevention, roughly 0.8 million Americans experience a heart attack each year, with approximately 0.6 million dying as a result.

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The increased cancer incidence is increasing the demand for stretchers in hospital settings. According to the International Agency for Research on Cancer (IARC), the cancer burden would increase to 19.3 million cases and 10 million deaths by 2020. As a result, one of the primary elements driving growth is the demand for chronic diseases.

Increased funding for emergency medical services has resulted from increased fatalities and traffic accidents. According to the WHO, over 1.35 million traffic-related deaths occur worldwide each year (2021). Fatalities are most common among people under the age of 29, and they are especially widespread in low- and middle-income nations.

Competitive Landscape

Product commercialization and partnership tactics are expected to be profitable for the hospital stretchers market in the forthcoming years. Market players are concentrating on various business strategies such as mergers and acquisitions, partnerships, and new product launches to strengthen their market position

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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The recent developments in hospital stretchers markets are:

• Stryker will deliver the ProCuity Wireless Bed in October 2020, with the goal of assisting hospitals in lowering costs, reducing the amount of patient falls, and improving nurses’ productivity.
• An Indian kid designed a stretcher with shock absorbers in September 2021. Unlike traditional stretchers, this stretcher is meant to manage the patient’s gravity point using the patient’s own weight. This is balanced on the middle wheels during moving on ramps, slopes, or uneven surfaces.
• The Neonatal Stretcher System from Technimount won the EMS World Innovation Award 2021 in December 2021. The Neonatal Stretcher System, which consists of a support stretcher structure and modified mounts that allow the installation of different medical instruments, gives neonatal transport teams safety and autonomy.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Hospital Stretchers market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.

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Market Segments Covered in Hospital Stretchers Industry Analysis

By Product Type:

• Adjustable Height
• Fixed Height
• Bariatric
• Radiographic

By Technology:

• Motorized
• Non-Motorized

By Application:

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

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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