Hospital Stretchers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product Type (Fixed Stretchers, Adjustable Stretchers, Bariatric Stretchers and Others), Technology, Application and Geography

Market Snapshot

Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.8 %

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Market Overview

The global hospital stretchers market is expected to witness a CAGR of 5.8% over the forecast period. The primary driving factors for the growth of the market are technological advancements in hospital stretchers coupled with the increasing prevalence of chronic diseases and hospitalization. According to World Population Ageing - the United Nations, the global population aged more than 60 and above were estimated 962 million in 2017 and it is more than twice compared to 1980. The rapid increasing older population around the world is increasing the demand for more number of hospital and hospital equipment further increasing the demand for hospital stretchers. Increasing investment in infrastructure in healthcare systems by the government and healthcare providers in developing and developed countries anticipated to fuel the market growth over the forecast period. Moreover, technological advancements and the advent of specialized stretchers for better healthcare is expected to boost the market growth. However, the high cost of specialized stretchers and increasing demand for home healthcare is expected to impede the market growth.

Scope of the Report

Hospital stretchers are patient transport equipment used to transport the patients within the hospitals. Due to the advancements in technologies nowadays, hospital stretchers are also used as hospital beds, examination desks and surgical platforms.

By Product Type
Fixed Hight Stretchers
Adjustable Stretchers
Bariatric Stretchers
Others
By Technology
Motorized Stretchers
Non-Motorized Stretchers
By Application
Intra-Hospital
Pediatric Care
Emergency Department
Radiology Department
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Bariatric Stretchers to Grow at Significant Rate

  • Bariatric stretchers are used in the transportation of patients in difficult areas. These stretchers have wider frames, oversized wheels, winch attachments and pull and push handles for safe transportation. These type of stretchers are used mostly for the transportation of obese patients.
  • Increasing prevalence of obesity and chronic diseases leading to hospitalization  is increasing the demand for bariatric stretchers. According to the World Health Organization’s 2016 report, approximately 13% of the world’s population can be characterized as obese. Moreover, predictions state that these numbers are likely to increase exponentially in the near future.
  • Motorized stretchers are projected to have ample growth rate owing to the increasing investment in hospital infrastructure and advancements in motorized stretchers to improve patient care in hospitals.
  • Moreover, the growing number of hospitals and healthcare providers around the world due to the increasing disease burden is anticipated to boost the overall market growth over the forecast period.
hospital stretcher Trends

North America is Expected to have Significant Market Share

North America region is anticipated to have significant market share owing to well established healthcare infrastructure, a growing number of obese people and high investments in hospital infrastructure. The increasing prevalence of the chronic disease, favourable healthcare policies in the region are fueling the regional growth. The Asia Pacific region is expected to grow at notable growth rate owing to developing healthcare infrastructure couple with a growing prevalence of chronic diseases in the region. There is a significant gap in underdeveloped and developing countries of the region where market players are interested in expanding to gain the market advantage.

Hospital Stretchers Market -  Growth Rate by Region - Image

Competitive Landscape

Global hospital stretchers market is moderately fragmented and competitive with local and international players. Market players are focusing on product innovations, new product launches and regional expansions to increase their market share. The key market players operating in the market include Stryker Corporation, Hill Rom Holdings, Gendron Inc., Invacare Corporation and Medline Industries Inc. among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Chronic Diseases and Geriatric Population

      2. 4.2.2 Increasing Demand For Technologically Advanced Stretchers

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Specialized Stretchers

      2. 4.3.2 Growing Adoption of Home Healthcare

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Fixed Hight Stretchers

      2. 5.1.2 Adjustable Stretchers

      3. 5.1.3 Bariatric Stretchers

      4. 5.1.4 Others

    2. 5.2 By Technology

      1. 5.2.1 Motorized Stretchers

      2. 5.2.2 Non-Motorized Stretchers

    3. 5.3 By Application

      1. 5.3.1 Intra-Hospital

      2. 5.3.2 Pediatric Care

      3. 5.3.3 Emergency Department

      4. 5.3.4 Radiology Department

      5. 5.3.5 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Stryker Corporation

      2. 6.1.2 Hill Rom Holdings

      3. 6.1.3 Arjohuntleigh

      4. 6.1.4 Invacare Corporation

      5. 6.1.5 Medline Industries Inc.

      6. 6.1.6 PARAMOUNT BED CO., LTD.

      7. 6.1.7 Stiegelmeyer GmbH & Co. KG

      8. 6.1.8 Gendron, Inc.

      9. 6.1.9 LINET

      10. 6.1.10 Joerns Healthcare LLC.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Hospital Stretchers Market market is studied from 2018 - 2026.

The Hospital Stretchers Market is growing at a CAGR of 5.8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Hill Rom Holdings, Stryker Corporation, Gendron Inc., Medline Industries, Inc., Invacare Corporation are the major companies operating in Hospital Stretchers Market.

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