Stretcher Market Report: Trends, Forecast and Competitive Analysis [2022-2027]

Stretcher Market Trends and Forecast

The future of the global stretcher market looks promising with opportunities in hospital, clinic and ambulance facilities. The global stretcher market is expected to reach an estimated $2.2 billion by 2027 and is forecast to grow at a CAGR of 4.9% from 2022 to 2027. 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.

Emerging Trends in the Stretcher Market

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.

A total of 134 figures / charts and 103 tables are provided in this 227-page report to help in your business decisions. Sample figures with some insights are shown below.

Stretcher Market by Segments

In this market, emergency & transport is the largest application market, whereas adjustable wheelchair is largest market by product type. Growth in various segments of the stretcher market are given below:

The study includes a trend and forecast for the stretcher market by product type, technology type, application, end user, and region as follows:

Stretcher Market By Product Type [Value ($ Million) and Volume (Thousand Units) from 2016 to 2027]:

• Fixed Stretchers
• Adjustable Stretchers
• Stretcher Chairs

Stretcher Market By Technology Type [Value ($ Million) from 2016 to 2027]:

• Non-Motorized Stretchers
• Motorized Stretchers

Stretcher Market By Application [Value ($ Million) from 2016 to 2027]:

• Emergency and Transport Stretchers
• Pediatric Stretchers
• Radiology Stretchers
• Bariatric Stretchers
• Procedural Stretchers
• OB/GYN (Obstetrics and Gynecology) Stretchers

Stretcher Market By End User [Value ($ Million) from 2016 to 2027]:

• Hospital
• Clinic and Ambulance Facilities

Stretcher Market By Region [Value ($ Million) from 2016 to 2027]:

• North America

United States

Canada

Mexico

• Europe

Germany

United Kingdom

Italy

Spain

• APAC

China

India

Japan

• ROW

Brazil

List of Stretcher Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies stretcher companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical device companies profiled in this report includes.

• Stryker Corporation
• Baxter International
• Fu Shun Hsing Technology Co. Ltd.
• Medline Medical Equipment, Inc.
• Getinge Group

Stretcher Market Insights

• Lucintel forecasts that adjustable stretchers are expected to witness significant growth over the forecast period..
• Within the global stretcher market motorized stretchers and non-motorized stretchers are the major technology types. 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.
• 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.

Features of the Stretcher Market

• Market Size Estimates: Stretcher market size estimation in terms of value ($B).
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation Analysis: Stretcher market size by various segments, such as product type, technology type, application, and end user.
• Regional Analysis: Stretcher market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different product type, technology type, application, end user, and regions for stretcher market.
• Strategic Analysis: This includes M&A and competitive landscape for the stretcher.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the stretcher market size?

Answer:The global stretcher market is expected to reach an estimated $2.2 billion by 2027.

Q2. What is the growth forecast for stretcher market?

Answer:The stretcher market is expected to grow at a CAGR of ~4.9% from 2022 to 2027.

Q3. What are the major drivers influencing the growth of the stretcher market?

Answer: 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.

Q4. What are the major applications or end use industries for stretcher?

Answer:Hospital and clinic & ambulance facilities are the major end users for stretcher

Q5. What are the emerging trends in stretcher market?

Answer: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.

Q6. Who are the key stretcher companies?

Answer:Some of the key stretcher companies are as follows:

• Stryker Corporation
• Baxter International
• Fu Shun Hsing Technology Co. Ltd.
• Medline Medical Equipment, Inc.
• Getinge Group

Q7.Which stretcher product segment will be the largest in future?

Answer: Lucintel forecasts that adjustable stretchers are expected to witness significant growth over the forecast period.

Q8: In stretcher market, which region is expected to be the largest in next 5 years?

Answer:North America will remain the largest region and Asia Pacific expected to witness the highest growth over next 5 years.

Q9. Do we receive customization in this report?

Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1 What are some of the most promising potential, high-growth opportunities for the medical device market product (fixed stretchers, adjustable stretchers, and stretcher chairs), technology (non-motorized stretchers and motorized stretchers), application (emergency and transport stretchers, pediatric stretchers, radiology stretchers, bariatric stretchers, procedural stretchers, and OB/GYN (obstetrics and gynecology) stretchers), end user (hospital and clinic and ambulance facilities), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2 Which segments will grow at a faster pace and why?
• Q.3 Which regions will grow at a faster pace and why?
• Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the stretcher market?
• Q.5 What are the business risks and threats to the stretcher market?
• Q.6 What are emerging trends in this stretcher market and the reasons behind them?
• Q.7 What are some changing demands of customers in the stretcher market?
• Q.8 What are the new developments in the stretcher market? Which companies are leading these developments?
• Q.9 Who are the major players in the stretcher market? What strategic initiatives are being implemented by key players for business growth?
• Q.10 What are some of the competitive products and processes in the stretcher market, and how big of a threat do they pose for loss of market share via material or product substitution?
• Q.11 What M&A activities did take place in the last five years in the stretcher market?