What is the Historic and Current Scenario of the Hospital Stretchers Market?
The hospital stretchers market has seen considerable growth due to a variety of factors.
•The market size for hospital stretchers has significantly expanded in the past few years. The growth is projected to rise from $2.86 billion in 2024 to $3.01 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%.
The growth during the historic period was due to factors such as advancements in design and ergonomics, increase in healthcare establishments, a rise in patient numbers, specific medical requirements, and control of safety and infection.
What are the Forecasted Growth and Key Factors of the Hospital Stretchers Market?
The hospital stretchers market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for hospital stretchers is projected to experience substantial growth. It is set to reach "$4.04 billion by 2029, with an annual compound growth rate (CAGR) of 7.6%.
Factors such as global health emergencies, innovations in material science, the increasing need for emergency care services, evolution in regulatory standards, and personalization and specialization contribute to the predicted growth. Key trends for the forecast period encompass the importance of education and training, the integration of telehealth, modularity and adaptability, use of sustainable and eco-friendly materials, and improvements in ergonomic and maneuverability.
What Main Forces Are Fueling Expansion In The Hospital Stretchers Market?
The hospital stretchers market is projected to grow with the increase in the number of accidents. Accidents, defined as unwanted or unfortunate incidents causing unintentional harm, damage or loss, often lead to casualties. The escalating casualty count is one of the key reasons propelling the expansion of the hospital stretcher market, given its critical role in patient care. Stretchers are primarily used to relocate people from one point to another. As per a report issued by the National Highway Traffic Safety Administration, a US government agency, in January 2023, a total of 31,785 individuals perished in motor accidents during the first three quarters of 2022. This included an increase in fatalities across 25 states, with a 12% rise on rural highways, a 10% increase in large vehicle involved accidents, and an 8% uptick among bikers and in other areas, when compared to the first half of 2021. Consequently, the escalating accident rates have been fuelling the hospital stretcher market's expansion.
What Are The Primary Segments In The Global Hospital Stretchers Market?
The hospital stretchers market covered in this report is segmented –
1) By Product Type: Fixed Height Stretchers, Adjustable Stretchers, Bariatric Stretchers, Other Product Types
2) By Technology: Motorized Stretchers, Non-Motorized Stretchers
3) By Application: Intra-Hospital, Pediatric Care, Emergency Department, Radiology Department, Other Applications
Subsegments:
1) By Fixed Height Stretchers: Standard Fixed Height Stretchers, Foldable Fixed Height Stretchers
2) By Adjustable Stretchers: Manual Adjustable Stretchers, Electric Adjustable Stretchers
3) By Bariatric Stretchers: Heavy-Duty Bariatric Stretchers, Wider Bariatric Stretchers
4) By Other Product Types: Stretcher Chairs, Neonatal Stretchers, Emergency Transport Stretchers
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Which Key Trends Are Driving Changes In The Hospital Stretchers Market?
Leading entities in the hospital stretcher market are creating novel items such as transport stretchers to cater to wider clientele, boost sales, and augment revenue stream. Transport stretchers are medical contrivances designed for safe and easy transfer of patients within medical facilities or during medical transit. For instance, in May 2022, L I N E T spol. s r.o., a Czech Republic-based hospital and nursing bed manufacturer, unveiled the Sprint 200 emergency stretcher. The core mission of Sprint 200 is reducing musculoskeletal disorders (MSDs) among healthcare providers worldwide while at the same time increasing patient throughput efficiency and curtailing overall care expenses. Sprint 200's unique features are encapsulated in three main value propositions. Firstly, it has an ergonomic drive that balances caregiver’s comfort and efficiency, ensuring unparalleled maneuverability. Secondly, its Safety Proven in a Million Care Beds, Brought to a Stretcher, underscores its safety credentials garnered from a vast experience with a million care beds, fortifying patient transport's reliability and security. Lastly, Sprint 200 integrates cutting-edge design and materials, demonstrating forward-thinking design with superior materials, reinforcing its pledge to innovation and a high-performing durable stretcher solution.
Who Are the Key Players in the Hospital Stretchers Market?
Major companies operating in the hospital stretchers market include:
• Stryker Corporation
• TransMotion Medical Inc.
• Advanced Instrumentations Inc.
• Mac Medical Inc.
• Narang Medical Limited
• ROYAX s.r.o.
• Anetic Aid Ltd.
• LINET Group SE
• Fu Shun Hsing Technology Co. Ltd.
• Venture Medical Technologies Inc.
• Zhangjiagang Xiehe Medical Instrument Co. Ltd.
• Advin Healthcare Pty. Ltd.
• Narayan Enterprises Private Limited
• Joson Care Enterprise Co. Ltd.
• Desco Medical Limited
• Medline Industries Inc.
• Invacare Corporation
• Baxter International Inc.
• Carl Bennet AB
• Paramount Bed Holdings Co. Ltd.
• Stiegelmeyer GmbH & Co. KG
• Joerns Healthcare LLC
• Spencer S.p.A.
• Midmark Corporation
• Howard Wright Limited
• Getinge AB
• FUJIFILM Holdings Corporation
• Gendron Inc.
• GF Health Products Inc.
• Hill-Rom Holdings
• Inc.
• Ferno-Washington
• Inc.
• Givas Srl
• Hidemar S.r.l.
• HOSPIMETAL S.A.
• Haelvoet NV
• Famed Zywiec Sp. z o.o.
What Is The Most Dominant Region In The Hospital Stretchers Market?
North America was the largest region in the hospital stretchers market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global hospital stretchers market report during the forecast period. The regions covered in the hospital stretchers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
