According to a new market report published by Lucintel, the future of the stretcher market looks promising with opportunities in hospital, clinic and ambulance facilities. The global stretcher market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $2 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025 . The major growth drivers for this market are increasing number of hospitals and ambulance facilities, increasing number of patients with disabilities, accidents, chronic diseases, and the growing geriatric population.
Browse 103 market data tables and 147 figures spread through 203 pages and in-depth TOC on “Stretcher Market”
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In this market, fixed and adjustable stretchers are the major product types used for patient handling in the hospital. On the basis of comprehensive research, Lucintel forecasts that adjustable stretchers are expected to witness significant growth over the forecast period.
By technology type, the stretcher market is segmented into motorized stretchers and non-motorized stretchers. The non-motorized stretcher segment is expected to dominate over the forecast period, as they are highly affordable and do not require skilled caregivers to handle patients as is the case with motorized stretchers.
By end use, the stretcher market is segmented into hospitals and clinic & ambulance facilities. The hospital segment is expected to remain the largest segment over the forecast period.
North America is expected to remain the largest market over the forecast period because of its well-developed healthcare infrastructure. APAC is expected to witness the highest growth rate over the forecast period due to the increasing number of hospitals and operating rooms in existing hospitals, and the continued development of various medical facilities.
Emerging trends, which have a direct impact on the dynamics of the industry, include the increasing use of advanced hospital stretchers and increasing use of motorized stretchers. Stryker Corporation, Hill-Rom Holdings Inc., Fu Shun Hsing Technology Co. Ltd. Getinge Group, and Medline Medical Equipment, Inc. are among the major suppliers of the stretcher market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the stretcher market by product, technology, application end user, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Stretcher Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the stretcher market by product, technology, application, end user, and region, as follows:
By Product Type [Value ($ Million) and Volume (Thousand Units) from 2014 to 2025]:
- Fixed Stretchers
- Adjustable Stretchers
- Stretcher Chairs
By Technology Type [Value ($ Million) from 2014 to 2025]:
- Non-Motorized Stretchers
- Motorized Stretchers
By Application [Value ($ Million) from 2014 to 2025]:
- Emergency and Transport Stretchers
- Pediatric Stretchers
- Radiology Stretchers
- Bariatric Stretchers
- Procedural Stretchers
- OB/GYN (Obstetrics and Gynecology) Stretchers
By End User [Value ($ Million) from 2014 to 2025]:
- Clinic and Ambulance Facilities
By Region [Value ($ Million) from 2014 to 2025]:
- North America
- United States
- United Kingdom
This 203-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/stretcher-market.aspx or firstname.lastname@example.org.
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
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