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The Global Hospital And Medical Stretchers Market Report is a compilation of comprehensive research studies of various aspects of the Hospital And Medical Stretchers Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Hospital And Medical Stretchers market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Hospital And Medical Stretchers market and how they will evolve in the years to come.
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In terms of revenue, global hospital and medical stretchers market was valued at US$ 5196.21 million in 2022 and is anticipated to grow at a CAGR of 6.2% over the forecast period.. 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.
The rise in number of medical emergencies around the globe creates demand for rapid delivery of care and transportation of patients from the site to emergency to nearest healthcare facility. These emergencies have inflated the growth of global hospital and medical stretchers market.
The prevalence of chronic illnesses such as cardiovascular diseases, respiratory diseases, cancer and many others is expanding rapidly. United Nations states that by 2030 the global burden of chronic diseases is expected to reach 56% and account for 70% of all the deaths. These chronic diseases are leading to a high number of medical emergencies such as strokes, heart attacks, trauma, seizures and others. Also, the number of accidents in developing as well as developed countries is growing speedily. For instance, World Health Organization stated in their statistics of February 2020 that approximately 1.35 million people die in road accidents every year and about 20 to 30 million people suffer non-fatal injuries. These growing number of medical emergencies due to increasing prevalence of chronic diseases, rise in number of road accidents and other such factors is creating demand for hospital and medical stretchers to carefully handle the patients and transfer them from site of emergency to point of care. These stretchers are devices consisting of a platform either hand carried or mounted on wheeled frame for transportation of patients across various points of treatment. Thus, the rise in medical emergencies, owing to the growing number of chronically ill populations and accidents, is driving the demand in hospital and medical stretchers market across the globe.
The difficulties in the handling of traditional stretcher systems is creating demand for innovative support solutions which ensure patient safety. The injuries associated with the stretcher operation due to adverse events such as stretcher collapse, malfunctioning part or others is creating demand for safety measures and accessories for increasing the stretcher’s usefulness. Market players such as Lyon Equipment Limited., VIKING Life-Saving Equipment A/S, Ferno (UK) Limited and others are providing equipment and accessories such as harnesses, wheel cups and recessed post cups for securing stretchers during transportation and handling. Thus, the innovative support solutions to minimize stretcher associated injuries and provide optimum level of care to patients is driving the global hospital and medical stretchers market.
Companies manufacturing hospital and medical stretchers are focusing on research and development activities to capitalize on integration of advanced technologies in their product offerings. Medical equipment manufacturers are automating most of the activities such as loading and unloading patients, lifting the platforms and other activities. For instance, the stretcher of Zhangjiagang Medi works on remote hand controller to automatically transfer patients from stretcher to beds or operation tables and vice versa. Whereas, the Alto stretcher of Spencer uses a hydraulic system to automatically raise the patient up to one metre in height. Australian Department of Defence is also testing feasibility of incorporation of wireless sensors on the stretchers to monitor vitals of the patients during transfer and alarm the medical professionals in case of any emergency. Companies are also developing modular stretchers for ease of storage and maximum utilization of space in ambulance and other space-restricted areas. For instance, TAGS GROUP has developed a roll up modular stretcher which is suitable for rescue operations. Thus, the on-going technological advancements in the stretcher offerings are anticipated to propel the growth of global hospital and medical stretchers market in forecast years.
The recent outbreak of COVID-19 pandemic has infected more than 37 million people across the globe with a total death count of 1.07 million. The healthcare facilities and ambulance service providers are witnessing heavy traffic of severely ill COVID-19 patients with breathing problems and other conditions. Government organisation are building additional care facilities dedicated for COVID-19 patients. These high traffic of acute COVID-19 patients and newly developed medical facilities have heightened the demand for hospital and medical stretchers. As the hospitals and other healthcare facilities are facing severe shortage of stretchers, new players are anticipated to enter the market. Thus, the COVID-19 pandemic is expected to positively impact the demand in hospital and medical stretchers market across the globe.
Global Hospital and Medical Stretchers Market:
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