Hospital Stretchers Market Size to Worth Around USD 8.30 Bn by 2030
The global Hospital Stretchers market size is expected to reach USD 8.30 billion by 2030, registering a CAGR of 6.7% over the forecast period 2021 – 2030.
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Growth Factors
An increasing number of daycare surgeries, a rising number of road accidents & trauma cases, and increasing cases of COVID-19 are some of the key factors driving the growth of this market.
Hospital stretchers have a well-established market across the globe, as they are a basic necessity for any healthcare facility. An upsurge in the number of ambulance facilities is projected to stimulate market growth. Large-scale hospital facilities require intra-hospital transport for patients, this, in turn, creates a highly favorable environment for market growth. Furthermore, the rapid growth of the global healthcare sector is contributing to the increasing product demand.
Report Coverage
Report Scope | Details |
Market Size | USD 8.30 billion by 2030 |
Growth Rate | CAGR of 6.7% From 2021 to 2030 |
Base Year | 2021 |
Forecast Period | 2021 to 2030 |
Segments Covered | Product type, Technology type, Application |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Mentioned | Hill-Rom Holdings; Stryker; Mac Medical; TransMotion Medical Inc.; Fu Shun Hsing Technology; Narang Medical Ltd.; ROYAX; Advanced Instrumentations |
By Product Type Analysis
On the basis of product type, the market has been segmented into fixed height, bariatric, adjustable height, and radiographic. In 2020, the bariatric segment accounted for the largest revenue share of 38.6%. Bariatric stretchers include larger frames, outsized wheels, winch attachments, and pull & push handles for safe transporting.
The market for adjustable stretchers is also expected to grow significantly in the coming years owing to the increasing demand for innovative and automated hospital stretchers by multi-specialty and super-specialty hospitals. Adjustable stretchers are motorized and technologically advanced.
By Application Analysis
On the basis of application, the market has been segmented into daycare/inpatient, surgery, emergency/trauma, and ambulatory/transport. The emergency/trauma segment held the highest revenue share of 33.9% of the global market in 2020.
The ambulatory/transport segment is expected to witness the fastest CAGR during the forecast period. Ambulatory stretchers are gaining popularity across the globe and are majorly used at emergency service centers. Cost-effective services, easy-to-use ambulance stretchers, a high level of comfort, safety, and patient-centered care are likely to boost the segment growth.
By Technology Type Analysis
On the basis of technology type, the market has been segmented into motorized and non-motorized. Motorized segment held the largest revenue share of more than 65% in 2020 and is expected to grow at the fastest CAGR over the forecast period.
Electric-powered and hydraulic stretchers are gaining more traction amongst hospitals and emergency service providers. For instance, the Prime Series stretchers by Stryker features innovative mobility alternatives, such as zoom motorized drive or big wheel system, electric-powered base & lift, and chaperone stretcher alarm system with incorporated scale.
By Regional Analysis
North America held the largest revenue share of 42.4% of the global market in 2020. A rise in the geriatric population is a key factor responsible for market growth in this region. According to the U.S. Census Bureau, population projections, the number of Americans aged 65 years and above is estimated to reach nearly 95 million by 2060 from 52 million in 2018.
The Asia Pacific regional market is majorly driven by China, India Japan, South Korea, and Australia. An increasing number of hospitals and escalating hospital admission for emergency care are key factors fueling the market growth in this region.
Key Players
- Hill-Rom Holdings
- Stryker
- Mac Medical
- TransMotion Medical Inc.
- Fu Shun Hsing Technology
- Narang Medical Limited
- ROYAX
- Advanced Instrumentations
Market Segmentation
- By Product Type
- Fixed Height
- Bariatric
- Adjustable Height
- Radiographic
- By Technology Type
- Motorized
- Non-Motorized
- By Application
- Daycare/Inpatient
- Surgery
- Emergency/Trauma
- Ambulatory/Transport
- Regional
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- North America
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Reasons to Purchase this Report:– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Hospital Stretchers Market, By Product
7.1. Hospital Stretchers Market, by Product, 2021-2030
7.1.1. Fixed Height
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Bariatric
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Adjustable Height
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Radiographic
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Hospital Stretchers Market, By Technology Type
8.1. Hospital Stretchers Market, by Technology Type, 2021-2030
8.1.1. Motorized
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Non-Motorized
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Hospital Stretchers Market, By Application
9.1. Hospital Stretchers Market, by Application, 2021-2030
9.1.1. Daycare/Inpatient
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Surgery
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Emergency/Trauma
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Ambulatory/Transport
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Hospital Stretchers Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.1.3. Market Revenue and Forecast, by Application (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Application (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Application (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.2.3. Market Revenue and Forecast, by Application (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Application (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Application (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Application (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Application (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.3.3. Market Revenue and Forecast, by Application (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Application (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Application (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Application (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Application (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.4.3. Market Revenue and Forecast, by Application (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Application (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Application (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Application (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Application (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.5.3. Market Revenue and Forecast, by Application (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Application (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Technology Type (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Application (2017-2030)
Chapter 11. Company Profiles
11.1. Hill-Rom Holdings
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Stryker
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Mac Medical
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. TransMotion Medical Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Fu Shun Hsing Technology
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Narang Medical Limited
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. ROYAX
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Advanced Instrumentations
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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