The article cited AMA's Global Hospital Stretcher Market Study explored substantial growth with CAGR of 5.8%. According the report, Development of Technologically Advanced Stretchers and Increasing Surgical Procedure is one of the primary growth factors for the market. Increasing Incidences of Chronic Diseases and Growing Geriatric Population Globally
is also expected to contribute significantly to the Hospital Stretcher market. Overall, Intra-Hospital
applications of Hospital Stretcher, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Anetic Aid Limited (United Kingdom), TransMotion Medical Inc. (United States), Gendron Inc. (United States), Medline Industries, Inc. (United States), Stryker Corporation (United States), Hill Rom Holdings, Inc. (United States), M.T. Medical Technology S.r.l. (Italy), Fu Shun Hsing Technology Co. Ltd. (Taiwan), Spencer Italia S.r.l. (Italy), GF Health Products Ltd. (United States), ArjoHuntleigh Inc. (United States) and Mac Medical, Inc. (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Technology Type, such as Motorized, is boosting the Hospital Stretcher market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Hospital Stretcher market identified that the demand is rising in many different parts of the world as "The Growth in the Investments in Healthcare Infrastructural Development in Developing Nations
". Furthermore, some recent industry insights like "In September 2023, Stryker one of the world’s leading medical technology companies, introduced Prime Connect—the first smart, connected hospital stretcher designed to support fall prevention protocols from anywhere in a facility—at the Emergency Nursing 2023 event in San Diego," is constantly making the industry dynamic. One of the challenges that industry facing is "Availability of Substitute and Limited Adoption Rate in Underdeveloped Nations"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Hospital Stretcher market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Hospital Stretcher market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Hospital Stretcher market tight? Which application/end-user category or Product Type [Fixed-height, Bariatric, Adjustable and Radiographic Stretchers] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Hospital Stretcher market and other related sub-markets covered in the study.
o Key & emerging players in the Hospital Stretcher market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Hospital Stretcher market size is calculated using market estimation process, the Hospital Stretcher market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Hospital Stretcher market size has been validated using both top-down and bottom-up approaches.