Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.94 Billion | USD 4.94 Billion | 6.05% | 2023 |
The global Hospital Stretchers market size accrued earnings worth approximately USD 2.94 Billion in 2023 and is predicted to gain revenue of about USD 4.94 Billion by 2032, is set to record a CAGR of nearly 6.05% over the period from 2024 to 2032.
Hospital stretchers are medical equipment designed especially to transport patients safely within or outside a healthcare center. Hospital stretchers are utilized in emergency cases such as rescue services during accidents and general medical services. Apart from patient transportation, hospital stretchers are also used for several specialized functions such as hospital beds, surgical platforms, and inspection or examination desks. The majority of the stretcher is simple, lightweight, and made up of metal or other synthetic materials.
Hospital stretcher is a well-established market across the globe. Rising incidences of chronic disease are the prime factor to stimulate the growth of the hospital stretchers market. Additionally, an increasing geriatric population is expected to fuel the growth of this market in the near future. Furthermore, the rise in demand for stretchers that are technically advanced, and increasing surgical procedures is predicted to fuel the hospital stretchers market. However, the high cost associated with specialized stretchers can affect the hospital stretchers market
Report Attributes | Report Details |
---|---|
Report Name | Hospital Stretchers Market |
Market Size in 2023 | USD 2.94 Billion |
Market Forecast in 2032 | USD 4.94 Billion |
Growth Rate | CAGR of 6.05% |
Number of Pages | 199 |
Key Companies Covered | Hill-Rom, Stryker, ArjoHuntleigh, Anetic Aid, BI Healthcare, GF Health Products, Kenmark and BMB Medical, among others |
Segments Covered | By Type, By Technology, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The hospital stretcher market is segmented on the basis of product types, applications, technology, and geography. On the basis of product types, the market is divided into fixed height, adjustable, bariatric, radiographic, and other types of stretchers. Depending on the technology, hospital stretchers can be segmented into two types namely, motorized and non-motorized. Presently, the non-motorized hospital stretchers segment dominates this market.
This segment is developing at a moderate rate due to the declining demand for manual stretchers from developed countries. Still, the non-motorized hospital stretchers segment is expected to dominate the overall market in terms of sales as they are very affordable compared to motorized stretchers. Further, intra-hospital transport, emergency department, daycare surgery department, pediatric surgery department, and radiology department hospital stretchers are different key applications of this market.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Based on regions, the global Hospital Stretchers market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The hospital stretcher market is undergoing constant development and would keep up this trend in the near future. North America was the largest market for hospital stretchers in 2019 which mainly contributed to a rise in the geriatric population, and increased prevalence of chronic diseases like obesity, gastrointestinal problems, and osteoporosis. Europe is the second leading market for hospital stretchers due to the increasing aging population. Promising medical tourism and low-cost surgical procedure in the developing countries of Asia-Pacific is expected to drive the hospital stretchers market. A large population and increasing road accidents in developing countries such as India and China are the other major drivers for the hospital stretchers market in the Asia Pacific region.
Some most important players in the global Hospital Stretchers market are
By Product Type
By Technology
By Application
Hospital Stretchers Market: Regional Segment Analysis
FrequentlyAsked Questions
Rising incidences of chronic disease are the prime factor to stimulate the growth of the hospital stretchers market. Additionally, an increasing geriatric population is expected to fuel the growth of this market in the near future. Furthermore, the rise in demand for stretchers that are technically advanced, and increasing surgical procedures is predicted to fuel the hospital stretchers market.
According to Zion Market Research, Global Hospital Stretchers market size earned around $2.94 Billion in 2023 and is expected to reach $4.94 Billion by 2032, with a projected CAGR of 6.05%.
North America was the largest market for hospital stretchers in 2019 which was mainly contributed by a rise in the geriatric population, increased the prevalence of chronic diseases like obesity, gastrointestinal problems, and osteoporosis. Europe is the second leading market for hospital stretchers due to the increasing aging population.
Some main participants of the Hospital Stretchers market are Hill-Rom, Stryker, ArjoHuntleigh, Anetic Aid, BI Healthcare, GF Health Products, Kenmark and BMB Medical, among others.
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