Market Size of Ambulance Stretchers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.20 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Ambulance Stretchers Market Analysis
Over the next few years, the market for ambulance stretchers is expected to grow at a CAGR of about 3.2%.
The impact of the COVID-19 pandemic on the ambulance stretcher market was minimal. With the surge of COVID-19 cases worldwide, healthcare services were diverted toward emergency cases. Thus, this led to an increase in demand for ambulance services for the emergency transport of COVID-19 patients. In June 2021, the Indian Ministry of Health and Family Welfare published guidelines on the operationalization of COVID care services that indicated that a basic life support ambulance should be equipped with the basic equipment and drugs, including a stretcher trolley with IV stands for the transfer of suspected and affected COVID-19 patients. The demand for ambulance services during the pandemic ensured the optimum supply of stretchers. Furthermore, COVID-19 provided the opportunity for companies to capitalize through ambulance services. In August 2021, HTX launched a motorized stretcher to aid the Singapore Civil Defence Force's Emergency Medical Services (SCDF EMS) officers in lifting the patients onto the ambulance. Moreover, the rise in the number of people with chronic diseases requiring emergency care and innovation in the ambulance with smart technology may drive the growth of the ambulance stretcher market globally. Thus, the ambulance stretcher market had significant growth during the COVID-19 pandemic.
An increase in chronic diseases is considered the key factor behind the growth of the ambulance stretcher market. The rise in the aging population is associated with a higher chance of developing health disorders, such as cardiovascular diseases, chronic kidney diseases, and respiratory diseases, requiring non-emergency and emergency services. Moreover, an increase in road accidents may require immediate attention and ambulance services. According to a World Health Organization article on road traffic injuries published in June 2022, road accidents are the leading cause of injuries for the population aged 5-29 years. Between 20 and 50 million people suffer from non-fatal injuries, with many incurring a disability as a result of their injury. Developing countries have a high rate of traffic injuries, with a majority of road accidents occurring in low- and middle-income countries. This creates a demand for ambulance stretchers in these regions, which may contribute to market growth.
The most recent development observed in the ambulance market is the introduction of air ambulances. For instance, in May 2021, Blade India launched Blade Care services in response to the increasing demand for air ambulances amid the COVID-19 pandemic. The company partnered with MyHealthcare to provide a seamless medical evacuation and bed-to-bed transfer. Such activities improve the demand for the specially designed stretchers, which can be used in the air ambulances. Thus, it is expected to boost the market's growth.
However, the rising cost of air ambulances and the possibility of adverse events associated with adverse events may limit market growth.
