The global hospital stretchers market size is expected to be worth around US$ 8.30 billion by 2030, according to a new report by Vision Research Reports.
The global hospital stretchers market size was valued at US$ 3,330.0 million in 2020 and is anticipated to grow at a CAGR of 6.7% during forecast period 2021 to 2030.
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Hospital Stretchers Market (By Product: Fixed Height, Bariatric, Adjustable Height, Radiographic; By Technology Type: Motorized, Non-Motorized; By Application: Daycare/Inpatient, Surgery, Emergency/Trauma, Ambulatory/Transport) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
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 |
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.
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
Market Segmentation
The study objectives of this report are:
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