The hospital stretchers market is estimated to experience significant growth opportunities in the upcoming years. This market growth is on the back of the increasing technological advancements and rising hospitalization. In addition to this, increased smoking and alcohol consumption, growing cases of obesity, and adoption of a sedentary and unhealthy lifestyle are some of the other factors driving growth impetus in the market.
The rising medical and surgical procedures are likely to boost expansion opportunities in the hospital stretchers market during the forecast period. Further, the growing incidence of chronic diseases, for example, respiratory disease, cancer, cardiovascular disorders, diabetes, and other autoimmune diseases are also working as the key factors to boost growth opportunities in the market.
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The growing geriatric population due to their weaker immune system is at a higher risk to develop neurological disorders, cancer, diabetes, chronic obstructive pulmonary disease, heart disease, and some other chronic conditions.
Hospital Stretchers Market: Key Trends
Factors, such as the adoption of unhealthy & sedentary lifestyles, rising cases of obesity, and increased alcohol consumption and smoking, contribute to the prevalence of chronic diseases. Heart disease is one of the foremost causes of death worldwide. The patients encountering these health disorders require non-emergency as well as emergency services. Thus, the growing geriatric population is likely to fuel growth opportunities in the hospital stretchers market.
The increasing number of fatalities and road accidents are estimated to require emergency medical services and medical assistance. The victims of these road accidents necessitate immediate medical attention and also require ambulance services for the transportation of casualties to the hospitals. These traumatized or injured patients are commonly handled in the stretcher that includes accessories, such as footboard, shoulder harness, lifting harness, wrist rest, toe clamp, lifting bridles, spine/head immobilizer, and floatation accessories. Thus, on the back of these medical requirements, the hospital stretchers market is estimated to experience significant growth opportunities in the near future.
The sudden outbreak of the COVID-19 pandemic is anticipated to boost growth opportunities in the hospital stretchers market directly or indirectly. The rapid increase in the cases of coronavirus is necessitating the rapid transportation of patients to the hospitals. Owing to these factors, the hospital stretchers market is likely to gain significant growth opportunities in the forthcoming years.
Hospital Stretchers Market: Competitive Dynamics and Key Developments
The key players operating in the hospital stretchers market have been adopting innumerable strategies to boost growth avenues in the upcoming years. New product launches, partnerships, mergers, and acquisitions are some of the strategies that are likely to strengthen the foothold of the key players in the market.
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For instance, Stryker has launched the wireless hospital bed named ProCuity. This bed has been designed to reduce the in-hospital falls of the patients, assist the hospital to reduce maintenance costs, and increase efficiencies of nurse workflow.
Some prominent players in the global hospital stretcher market include:
- Hill-Rom Holdings
- Mac Medical
- Advanced Instrumentations
- TransMotion Medical Inc.
- Narang Medical Limited
- Fu Shun Hsing Technology
Hospital Stretchers Market: Regional Assessment
The hospital stretchers market has been spread across various geographical locations around the globe including North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among these regions, the North America region is projected to hold a significant share in the market revenue. The regional market growth is on the back of the increasing geriatric population in the region. In addition to this, increasing adoption of advanced healthcare services and rising healthcare expenditure are some of the prominent factors to boost growth opportunities in the market.
The Asia Pacific region is estimated to hold a significant position in the hospital stretchers market. The rising count of hospitals and the escalating hospital admissions in the emergency units are some of the key factors to boost growth opportunities in the market.
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