Hospital And Medical Stretchers Market 2022-2030 Competitive Analysis

A latest report from Absolute Markets Insights covers insights into the global Hospital And Medical Stretchers market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Hospital And Medical Stretchers market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Hospital And Medical Stretchers report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Hospital And Medical Stretchers report also shows a new uptrend that includes market conditions and market forecast 2022-2030.

Some of the major players operating in the global Hospital And Medical Stretchers market include: AmbulanceMed, Arjo, Ferno (UK) Limited, Formed, Fu Shun Hsing Technology Co., Ltd., Hebei Pukang Medical instruments Co., Ltd., Hill-Rom Services Inc., Howard Wright Europe Limited, Jiangsu Saikang Medical Equipment Co., Ltd., LINET, Medi Waves Inc., Medline Industries, Inc., Pedigo Products, ROYAX, s.r.o, Savion, Spencer, Stryker and Wy’East Medical amongst others.

In terms of revenue, global hospital and medical stretchers market was valued at US$ 5196.21 million in 2022 and is anticipated to grow at a CAGR of 6.2% over the forecast period.

The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.

Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Hospital And Medical Stretchers Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.

Key insights from the report:

  • The report provides key statistics on the market status of Hospital And Medical Stretchers Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
  • The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
  • The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
  • The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
  • The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
  • Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
  • The report makes some important proposals for a new project of Hospital And Medical Stretchers Market before evaluating its feasibility.

Covid-19 cumulative impact:

This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Hospital And Medical Stretchers Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Hospital And Medical Stretchers Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.

Key questions answered in this report:

  • What will the market size and growth rate be in 2030?
  • What are the key drivers of the global market?
  • What are the key market trends impacting the growth of the global market?
  • What are the market growth challenges?
  • Who are the key vendors in the global market?
  • What are the global market opportunities and challenges for sellers?
  • What are the key findings of the global five-point analysis of the Hospital And Medical Stretchers market?

The rise in number of medical emergencies around the globe creates demand for rapid delivery of care and transportation of patients from the site to emergency to nearest healthcare facility. These emergencies have inflated the growth of global hospital and medical stretchers market.

The prevalence of chronic illnesses such as cardiovascular diseases, respiratory diseases, cancer and many others is expanding rapidly. United Nations states that by 2030 the global burden of chronic diseases is expected to reach 56% and account for 70% of all the deaths. These chronic diseases are leading to a high number of medical emergencies such as strokes, heart attacks, trauma, seizures and others. Also, the number of accidents in developing as well as developed countries is growing speedily. For instance, World Health Organization stated in their statistics of February 2020 that approximately 1.35 million people die in road accidents every year and about 20 to 30 million people suffer non-fatal injuries. These growing number of medical emergencies due to increasing prevalence of chronic diseases, rise in number of road accidents and other such factors is creating demand for hospital and medical stretchers to carefully handle the patients and transfer them from site of emergency to point of care. These stretchers are devices consisting of a platform either hand carried or mounted on wheeled frame for transportation of patients across various points of treatment. Thus, the rise in medical emergencies, owing to the growing number of chronically ill populations and accidents, is driving the demand in hospital and medical stretchers market across the globe.

The difficulties in the handling of traditional stretcher systems is creating demand for innovative support solutions which ensure patient safety. The injuries associated with the stretcher operation due to adverse events such as stretcher collapse, malfunctioning part or others is creating demand for safety measures and accessories for increasing the stretcher’s usefulness. Market players such as Lyon Equipment Limited., VIKING Life-Saving Equipment A/S, Ferno (UK) Limited and others are providing equipment and accessories such as harnesses, wheel cups and recessed post cups for securing stretchers during transportation and handling. Thus, the innovative support solutions to minimize stretcher associated injuries and provide optimum level of care to patients is driving the global hospital and medical stretchers market.

Companies manufacturing hospital and medical stretchers are focusing on research and development activities to capitalize on integration of advanced technologies in their product offerings. Medical equipment manufacturers are automating most of the activities such as loading and unloading patients, lifting the platforms and other activities. For instance, the stretcher of Zhangjiagang Medi works on remote hand controller to automatically transfer patients from stretcher to beds or operation tables and vice versa. Whereas, the Alto stretcher of Spencer uses a hydraulic system to automatically raise the patient up to one metre in height. Australian Department of Defence is also testing feasibility of incorporation of wireless sensors on the stretchers to monitor vitals of the patients during transfer and alarm the medical professionals in case of any emergency. Companies are also developing modular stretchers for ease of storage and maximum utilization of space in ambulance and other space-restricted areas. For instance, TAGS GROUP has developed a roll up modular stretcher which is suitable for rescue operations. Thus, the on-going technological advancements in the stretcher offerings are anticipated to propel the growth of global hospital and medical stretchers market in forecast years.

The recent outbreak of COVID-19 pandemic has infected more than 37 million people across the globe with a total death count of 1.07 million. The healthcare facilities and ambulance service providers are witnessing heavy traffic of severely ill COVID-19 patients with breathing problems and other conditions. Government organisation are building additional care facilities dedicated for COVID-19 patients. These high traffic of acute COVID-19 patients and newly developed medical facilities have heightened the demand for hospital and medical stretchers. As the hospitals and other healthcare facilities are facing severe shortage of stretchers, new players are anticipated to enter the market. Thus, the COVID-19 pandemic is expected to positively impact the demand in hospital and medical stretchers market across the globe.

Global Hospital And Medical Stretchers Market Segmentation:

Global Hospital And Medical Stretchers Market By Technology (Motorized, Non-Motorised); By Product (Foldable Stretcher, Patient Stretcher, Surgical Seating, Transport Stretcher, Stoop Stretcher, Ambulance Stretcher, Multifunctional Rescue Stretcher, Folding Canvas Stretcher, Basket Stretcher, Others); By Procedures (Ophthalmologic, Bariatric, OB/GYN, Pediatric, Others); By Type (New, Refurbished); By Departments (Operating Room, Emergency Department, Intensive Care Unit, Transport, Imaging, Maternity, Others); By End Users (Hospitals, Clinics, Private Practices, Trauma Centers, Others); By Region (U.S., Canada, Mexico, Rest Of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa, Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030

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