About Hospital Stretchers-
Hospital stretchers are items of medical equipment used to transport patients both inside and outside of a healthcare facility. The majority of the stretchers are simple, lightweight metal or synthetic materials suspended between two tubular frames. Apart from patient transportation, these are widely used in radiology and as surgical platforms, examination desks, and hospital beds. These stretchers are used in both chronic and acute conditions. The hospital stretchers market is well established; however, rising demand for technology-enabled hospital stretchers due to rising chronic disease incidences and geriatric population is expected to fuel market growth. The rise in the number of traffic accidents, which leads to an increase in the patient population, is a major driver of market expansion.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.8% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Hospital Stretchers- market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Stryker Corporation (United States), Hill-Rom Services Inc. (United States), Narang Medical Limited (United States), GF Health Products (United States), Torontech Group (Canada), Universal Medical. (United States), Avante Health Solutions (United States), Fu Shun Hsing Technology Co. Ltd, (Taiwan), Ferno-Washington Inc. (United States) and Dragon Industry (ZJG) Co. Ltd (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ROYAX (Czech Republic), Zhangjiagang New Fellow Med Co., Ltd. (China), Jiangsu Rixin Medical Equipment Co., Ltd (China), Arjo (Sweden), Fazzini Srl (Italy) and GWS SURGICALS LLP (India).
Segmentation Overview
AMA Research has segmented the market of Global Hospital Stretchers- market by Type (Scoop Stretchers, Stretcher Trolley, Ambulance Stretcher, Folding Stretcher, Spine Stretcher and Basket Stretcher), Application (Hospitals, Clinics and Nursing Homes) and Region.
On the basis of geography, the market of Hospital Stretchers- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Transport Stretchers will boost the Hospital Stretchers- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Hospital Stretchers- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Frame Material , the sub-segment i.e. Stainless Steel will boost the Hospital Stretchers- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development Of Technologically Advanced Stretchers And Increasing Surgical Procedure
Market Growth Drivers:
The Growing Geriatric Population Is Expected To Accelerate The Demand For Hospital Stretchers
Challenges:
High Cost Of Specialized Stretchers
Restraints:
Rising Competition Among Key Players In The Market Acts As A Barrier For The Entrance Of New Players
Opportunities:
Increasing Investment In Infrastructure In Healthcare Systems By The Government And Healthcare Providers and Growing Number Of Hospitals And Healthcare Providers Across World Due To The Increasing Disease Is Fuels Market
Market Leaders and their expansionary development strategies
On 23 Feb 2022 Stryker announced that it has completed the previously announced acquisition of Vocera Communications, Inc.“This acquisition provides significant opportunities to advance innovations and accelerate digital aspirations,” said Kevin Lobo, Chair and Chief Executive Officer, Stryker. Vocera team to Stryker and look forward to working together to enable safer patient care and help customers improve outcomes.
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,
Key Target Audience
Hospital Stretchers Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.