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Global Hospital and Medical Stretchers Market is expected to grow at a CAGR of 6.2% over the Forecast Period, Owing to Regulatory Guidelines for Emergency Care

Published On 14 Oct 2020 05:19 PM


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The rise in demand for providing emergency healthcare support at various public places is fuelling the growth of hospital and medical stretchers market across the globe. Various regulatory authorities have imposed strict guidelines related to emergency preparedness at public places such as sports centers, shopping malls, cinema theatres, auditoriums and many others. These guidelines mandate the authorities of these venues to ensure sufficient availability of resources to respond to any emergency medical situation. The emergency response resources include paramedics, ambulances, first aid kits and stretchers. For instance, the Guide to Safety at Sports Grounds issued by the U.K Department for Culture, Media and Sport and also guidelines provided by The Football Association mandate provision of stretchers at sports ground. Even commercial airline operators are incorporating stock of stretchers on-board for convenience of passengers who cannot remain in a sitting position for long durations. For instance, Japan Airlines is using stretchers in their every aircraft for their passengers who cannot sit and need to lie down due to medical conditions. Thus, the rise in demand for providing emergency healthcare to the patients at various places is driving the demand in global hospital and medical stretchers market.

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The recent outbreak of COVID-19 pandemic has inflated the inflow of severely ill patients at hospitals and ambulance service providers, thus, creating demand for stretchers to transport these patients to healthcare facilities and across various departments.

In terms of revenue, global hospital and medical stretchers market was valued at US$ 5196.21 million in 2019 and is anticipated to grow at a CAGR OF 6.2% over the forecast period. The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

The detailed research study provides qualitative and quantitative analysis of hospital and medical stretchers market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Key Findings of the Report:

  • Based on the technology, non-motorized stretchers held dominant share of global hospital and medical stretchers market in 2018 owing to their cost efficiency and ease of operation.
  • The transport stretchers are witnessing high demand owing to their multiple applications in various departments and introduction of advanced systems.
  • North America held the highest market share in global hospital and medical stretchers market in 2018. Asia Pacific is expected to register the highest compound annual growth rate over the period of next eight years owing to the rising investment in the healthcare infrastructure and flourishing medical tourism.
  • Some of the players operating in the hospital and medical stretchers market are 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.

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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
  • North America
    • U.S
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
  • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

 

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Press Release Provided By: Absolute Markets Insights