What is 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 | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
CAGR | % |
The market study is broken down by Type (Scoop Stretchers, Stretcher Trolley, Ambulance Stretcher, Folding Stretcher, Spine Stretcher and Basket Stretcher), by Application (Hospitals, Clinics and Nursing Homes) and major geographies with country level break-up.
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. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Hospital Stretchers- market throughout the predicted 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
AdvanceMarketAnalytics has segmented the market of Global Hospital Stretchers- market by Type, Application 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.
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. and On 15 June 2020 GF Health Products, Inc. announced that it has acquired substantially all of the assets of Gendron, Inc. Gendron is one of the USA’s leading designers and manufacturers of mobile patient management, specializing in bariatric beds, mobility, seating, transfer and transport for long term care, home care, rehabilitation and acute care.
Market Trend
- Development Of Technologically Advanced Stretchers And Increasing Surgical Procedure
Market Drivers
- The Growing Geriatric Population Is Expected To Accelerate The Demand For Hospital Stretchers
Opportunities
- Increasing Investment In Infrastructure In Healthcare Systems By The Government And Healthcare Providers
- Growing Number Of Hospitals And Healthcare Providers Across World Due To The Increasing Disease Is Fuels Market
Restraints
- Rising Competition Among Key Players In The Market Acts As A Barrier For The Entrance Of New Players
Challenges
- High Cost Of Specialized Stretchers
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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as 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) etc.
2. Can we have customized study for Hospital Stretchers- Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Hospital Stretchers- Market by 2027?
Analysts at AMA estimates Hospital Stretchers- Market to reach USD Million by 2027.