Hospital Stretchers Market Growth & Trends
The global hospital stretchers market size is expected to reach USD 3.60 billion by 2028, registering a CAGR of 5.7% over the forecast period, according to a new report by Grand View Research, Inc. An increasing number of daycare surgeries, a rising number of road accidents & trauma cases, and increasing cases of COVID-19 are some of the key factors driving the growth of this market.
Hospital stretchers have a well-established market across the globe, as they are a basic necessity for any healthcare facility. An upsurge in the number of ambulance facilities is projected to stimulate market growth. Large-scale hospital facilities require intra-hospital transport for patients, this, in turn, creates a highly favorable environment for market growth. Furthermore, the rapid growth of the global healthcare sector is contributing to the increasing product demand. As per the WHO report 2020, global healthcare expenditure reached USD 8.3 trillion or 10% of global GDP in 2018.
In addition, the COVID-19 pandemic has led to a rise in demand for ambulance services. Therefore, the introduction of novel transport ambulances for better accessibility will stimulate market growth. For instance, in February 2021, Ford announced plans to re-establish its presence in the U.K. ambulance market, with an inventive novel Transit ambulance, under project Siren. It is intended to enhance patient treatment and ease of use for paramedics. Such developments will accelerate market growth.
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Hospital Stretchers Market Report Highlights
- In terms of product type, the bariatric segment accounted for the largest revenue share in 2020 due to the increased cases of obesity
- The motorized technology type segment held the largest revenue share of the global market in 2020
- This growth was credited to the high investments by key players to launch cutting-edge and innovative products in this segment
- Emergency/trauma application was the largest segment in 2020 and will expand further at a steady CAGR from 2021 to 2028 owing to the increasing cases of road accidents and workplace injuries
- North America was the largest regional market in 2020 owing to the increased prevalence of chronic diseases and high aging population
Access Press Release@ https://www.grandviewresearch.com/press-release/global-hospital-stretchers-market
Hospital Stretchers Market Segmentation
Grand View Research has segmented the global hospital stretchers market on the basis of product type, technology type, application, and region:
Hospital Stretchers Product Type Outlook (Revenue, USD Million, 2016 - 2028)
- Fixed Height
- Bariatric
- Adjustable Height
- Radiographic
Hospital Stretchers Technology Type Outlook (Revenue, USD Million, 2016 - 2028)
- Motorized
- Non-motorized
Hospital Stretchers Application Outlook (Revenue, USD Million, 2016 - 2028)
- Daycare/Inpatient
- Surgery
- Emergency/Trauma
- Ambulatory/Transport
Hospital Stretchers Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- US.
- Canada
- Europe
- UK.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- MEA
- South Africa
- Saudi Arabia
- UAE
List of Key Players of Hospital Stretchers Market
- Hill-Rom Holdings
- Stryker
- Mac Medical
- TransMotion Medical Inc.
- Fu Shun Hsing Technology
- Narang Medical Limited
- ROYAX
- Advanced Instrumentations
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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