Stretchers Market is Set to Witness Huge Growth with a USD of 1073.39 Million During the Forecast Period 2029
Stretchers Market Analysis report covers detailed value chain analysis of the market. The value chain analysis helps to analyze major upstream raw materials, major equipment’s, manufacturing process, and downstream customer analysis and major distributor analysis are mentioned in the report along with all the drivers and restraints for the market. It presents a comparative detailed analysis of all regional and player segments, offering readers a better knowledge of the areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the market.
The stretchers market is expected to witness significant growth during the forecast period attributed to expanding progress in delivering emergency care services by hospitals and emergency care centers. In addition, technological assessment in ambulance stretchers, such as manual or hydraulic stretchers, is obtaining higher momentum in hospitals and clinics. After the COVID-19 pandemic, there has been a higher demand for medical supplies to maintain and take care of infected populations properly. It is growing and providing the growing opportunity in clinics, hospitals, and ambulance facilities.
Data Bridge Market Research analyses the stretcher market’s growth. The expected CAGR of stretchers market is tend to be around 4.90% in the mentioned forecast period. The market was valued at USD 732.07 million in 2021, and it would grow upto USD 1073.39 million by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Stretchers, also known as ambulance trolleys, are used to transport patients in an ambulance for non-emergency or emergency transportation. Electric, manual, or pneumatic stretchers are available in the market. A paramedic is required to operate and manage a manual stretcher, which includes mechanical auto-loading stretchers that are not powered. Pneumatic stretchers are sometimes known as hydraulic stretchers. It has a hydraulic mechanism that controls the movement of the stretchers. Thus, it is in great demand and is of great market value.
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Global Stretchers Market Dynamics
Drivers
Increased Prevalence of Medical Conditions
The presence of a large population pool over the last 60 years, which generally has a lower immunity level and is more susceptible to multiple medical conditions such as neurological diseases, cardiac problems, cancer, and spinal injuries, is expected to be a high impact rendering driver for growth of stretchers market.
Rising Elderly Population
According to the World Health Organization, the number of individuals aged 65 and more is expected to rise from an estimated 524 million in 2010 to nearly 1.5 billion in 2050. Arthritis, heart attacks, strokes, osteoporosis, and obesity are all very common in the older population. Patients with severe illnesses may require both emergency and non-emergency ambulance services. As a result, the stretcher market is expected to rise as the senior population grows.
Opportunities
Increased Road Accidents
Accidents on the road are becoming more common, necessitating prompt medical attention and ambulance assistance. According to the Association for Safe International Road Travel (ASIRT), 1.3 million people die in car accidents yearly, with another 20-50 million injured or incapacitated. Road traffic accidents are the ninth greatest cause of death in the globe. According to ASIRT, over 37,000 people die in road accidents in the United States each year, with an additional 2.35 million injured or handicapped. Thus, it creates more opportunities for the expansion of stretchers market.
Medical Tourism
The increasing medical tourism is also a major factor that is prompting the growth of the global stretchers market. Insights from multiple medical communication companies allow the readers to understand the dynamics of the global stretchers market. All these information also assist businesses to get the broader picture of the market. This allows the market players to make better decisions that will help them grow substantially in the stretchers market.
Global Stretchers Market Scope
The global stretchers market is segmented on the basis of product, technology, application, and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Fixed Stretchers
Adjustable Stretchers
Stretcher Chairs
Technology
Non-Motorized Stretchers
Motorized Stretchers
Application
Emergency and Transport Stretchers
Pediatric Stretchers
Radiology Stretchers
Bariatric Stretcher
Procedural Stretchers
OB/GYN (Obstetrics and Gynecology) Stretchers
End User
Hospitals and Clinics
Ambulance Facilities
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Stretchers Market Regional Analysis/Insights
The stretchers market is analyzed and market size insights and trends are provided by country, product, technology, application, and end-useas referenced above.
The major countries covered in the stretchers market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the stretchers market due to the largest market size, because of its well developed healthcare infrastructure.
Europe is anticipated to witness a significant growth over the forecast period of 2022 to 2029 due to high prevalence of Cardiovascular Disease (CVD) in the region, growing population, and increasing demand for quality healthcare services.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Stretchers Market Share Analysis
The stretchers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to stretchers market.
Key players operating in the stretchers market include:
Stryker (U.S.)
Hill-Rom Services Inc. (U.S.)
Medline Industries, Inc. (U.S.)
Narang Medical Limited (India)
MAC Medical, Inc., (U.S.)
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Research Methodology:
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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