Hospital Stretchers Market Overview:
The report focuses on the top players in the Hospital Stretchers Market, including their strategic goals and expansion plans. The study examines a variety of industrial strategies, including mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand marketing, and product launches. The most recent industry Research Report provides a detailed analysis of the industry, including exact definitions, classifications, applications, and an industrial chain structure. The fair and expert opinions in this study provide valuable insights into the current industry position. It focuses on critical areas such market performance, production and consumption rates, demand and supply dynamics, and revenue projections for the forecast term.
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Estimated Revenue Growth:
The Hospital Stretchers market size was valued at US$ 2 Bn. in 2022 and the total revenue is expected to grow at CAGR 5.8 % through 2023 to 2029, reaching nearly US$ 2.98 Bn.
market Dynamics:
The rising prevalence of chronic diseases such as cancer, respiratory disease, cardiovascular disease, and other autoimmune disorders around the world is the primary driver driving market expansion. Heart disease is one of the most causing diseases in the globe. Furthermore, the rising prevalence of cancer has increased the demand for hospital stretchers. For example, the International Agency for Research on Cancer (IARC) anticipates (reported in GLOBOCAN 2021) that the cancer burden would rise to 19.3 million cases and 10 million deaths by 2021. The rise in chronic diseases is regarded as the primary reason driving the growth of the Hospital Stretchers Market.
Hospital Stretchers Market Scope and Methodology:
The study gives a comprehensive review of the Hospital Stretcherss industry. The study provides a complete analysis of market trends and highlights to assist firms in identifying opportunities and developing effective market strategies. Primary and secondary data sources were employed to gather complete qualitative and quantitative information.The analysis focuses on the Hospital Stretchers market’s drivers, challenges, key restraints, and opportunities. The market size was established by a bottom-up approach and segmentation. This segmentation allows for the analysis of various aspects that affect market growth, either positively or negatively. The study identifies growing regions that are projected to develop into significant markets for Hospital Stretchers. In addition, a PESTLE analysis was used to assess the possible impact.
Hospital Stretchers Market Segmentation
by Product
Fixed height
Bariatric
Adjustable Height
Radiographic
The Hospital Stretchers Market is divided into four product types: fixed height, bariatric, adjustable height, and radiographic. In 2021, the bariatric category dominated the market, accounting for 37.6% of the total. The bariatric stretcher has a huge frame, an outer wheel, a winch attachment, and a pull and push handle. The wheels are easy to transfer and transport. Adjustable height is the market’s second largest segment.
by Application
Daycare/Inpatient
Surgery
Emergency/Trauma
Ambulatory/Transport
The Hospital Stretchers Market is divided into four segments based on application: daycare/inpatient, surgery, emergency/trauma, and ambulatory. In 2021, the Emergency/Trauma segment held the greatest market share, accounting for 32.9%. The increasing frequency of road traffic accidents and emergency trauma patients has contributed to the segment’s rise. Eurostat estimates that in 2021, the rate of people killed in road accidents in the EU will be 51.2 per million inhabitants. The ambulatory/transportation segment is expected to expand at the fastest CAGR throughout the projection period. This is widely utilised in emergency service centres around the world. This stretcher is more commonly utilised and popular during emergencies.
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Hospital Stretchers Market Key Players:
1. Hill-Rom Holdings
2. Stryker
3. Mac Medical
4. TransMotion Medical Inc.
5. Fu Shun Hsing Technology
6. Narang Medical Limited
7. ROYAX
8. Advanced Instrumentations
9. North Star Imaging Inc
10. SCANCO Medical AG
11. Canon Medical Systems Corporation)
12. Hitachi Ltd.
13. Koninklijke Philips N.V.
14. NeuroLogica Corporation
15. Neusoft Medical Systems Co., Ltd.
16. Shenzhen Anke High-tech Co., Ltd.
17. Siemens Healthineers
18. TESCAN
Hospital Stretchers Market Regional Perspectives:
The Hospital Stretchers market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis provides the Hospital Stretchers market status of various countries included in the report.
Key questions answered in the Hospital Stretchers Market are:
- What is Hospital Stretchers?
- What was the Hospital Stretchers market size in 2024?
- What is the growth rate of the Hospital Stretchers Market?
- Which are the factors expected to drive the Hospital Stretchers market growth?
- What are the different segments of the Hospital Stretchers Market?
- What growth strategies are the players considering to increase their presence in Hospital Stretchers?
- What are the upcoming industry applications and trends for the Hospital Stretchers Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Hospital Stretchers Market?
- What major challenges could the Hospital Stretchers Market face in the future?
- What segments are covered in the Hospital Stretchers Market?
- Who are the leading companies and what are their portfolios in Hospital Stretchers Market?
- What segments are covered in the Hospital Stretchers Market?
- Who are the key players in the Hospital Stretchers market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2021 to 2023)
- Past Pricing and price curve by region (2021 to 2023)
- Market Size, Share, Size Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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