Hospital Stretchers Market Overview:
The increasing prevalence of chronic disorder, growing geriatric population, hospitalization and technological advancement are the driving factor of these market. Hospital Stretchers is the medical equipment that are used to transport patient within and outside of healthcare facility.
Hospital Stretchers Market Witnesses a Valuation of US$ 2 Billion in 2022, Expected to Reach US$ 2.98 Billion by 2029
Hospital Stretchers 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. One of the leading causes of death worldwide is heart disease. 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.
Report Scope:
The Hospital Stretchers Market report provides a detailed analysis of the market size, growth trends, drivers, restraints, segmentation, and regional insights. It covers the period from 2018 to 2022 as the historical data and forecasts the market size from 2023 to 2029, with a CAGR of 5.8%.
Research Methodology:
The report utilizes a combination of primary and secondary research methods to gather and analyze data. Primary research involves interviews with industry experts, while secondary research includes data from company websites, annual reports, press releases, and government databases.
Hospital Stretchers Market Segmentation:
by Product
Fixed height
Bariatric
Adjustable Height
Radiographic
by Application
Daycare/Inpatient
Surgery
Emergency/Trauma
Ambulatory/Transport
The Hospital Stretchers Market is segmented based on product type and application.
Product Type Segmentation: The market is segmented into fixed height, bariatric, adjustable height, and radiographic stretchers. The bariatric segment dominated the market in 2021, accounting for 37.6% of the market share.
Application Segmentation: Based on application, the market is segmented into daycare/inpatient, surgery, emergency/trauma, and ambulatory/transport. The emergency/trauma segment held the largest market share of 32.9% in 2021.
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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
Regional Insights:
North America dominated the Hospital Stretchers Market with a market share of 41.4% in 2021, driven by the increasing geriatric population and rising healthcare expenditure. The market is also expected to witness significant growth in the Asia Pacific region, particularly in countries like China, Japan, and India, due to the increasing number of hospitals and rising hospital admissions for emergency care.
Key Questions Addressed in This Report:
How has the Hospital Stretchers market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Hospital Stretchers market?
What is the regional breakup of the global Hospital Stretchers market?
What are the price trends of various feedstocks in the Hospital Stretchers industry?
What is the structure of the Hospital Stretchers industry and who are the key players?
What are the various unit operations involved in a Hospital Stretchers processing plant?
What is the total size of land required for setting up a Hospital Stretchers processing plant?
What is the layout of a Hospital Stretchers processing plant?
What are the machinery requirements for setting up a Hospital Stretchers processing plant?
What are the raw material requirements for setting up a Hospital Stretchers processing plant?
What are the packaging requirements for setting up a Hospital Stretchers processing plant?
What are the transportation requirements for setting up a Hospital Stretchers processing plant?
What are the utility requirements for setting up a Hospital Stretchers processing plant?
What are the human resource requirements for setting up a Hospital Stretchers processing plant?
What are the infrastructure costs for setting up a Hospital Stretchers processing plant?
What are the capital costs for setting up a Hospital Stretchers processing plant?
What are the operating costs for setting up a Hospital Stretchers processing plant?
What should be the pricing mechanism of the final product?
What will be the income and expenditures for a Hospital Stretchers processing plant?
What is the time required to break even?
What are the profit projections for setting up a Hospital Stretchers processing plant?
What are the key success and risk factors in the Hospital Stretchers industry?
What are the key regulatory procedures and requirements for setting up a Hospital Stretchers processing plant?
What are the key certifications required for setting up a Hospital Stretchers processing plant?
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Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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