Global Stretcher Chair Market to Grow at 4% CAGR Through 2022, Improving Healthcare Budgets Fuelling Demand

General stretcher chair, which is the segment that produced 62.6% of the demand in 2017, and is projected to be worth US$151.0 mn by 2022, representing a 60.8% of the total share of demand.


Albany, NY -- (SBWIRE) -- 10/27/2017 --  The global stretcher chair market is impacted by a number of factors, such as increase in the incidences of accidents that leave people immobile, innovation in terms of better access, and upgrade of healthcare services in Asia Pacific excluding Japan (APEJ). According to a recent report titled "Stretcher Chair Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022", the global stretcher market is likely to grow at a CAGR of 4% through 2022. The report has been added to the vast database of Market Research Reports Search Engine (MRRSE).

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According to the report, the global stretcher chair market is likely to reach a value of nearly US$ 250 Mn by the end of 2022. Manufacturers are analyzing the needs of end-users and are making innovation in their products. The modern stretcher chairs can be easily cleaned, which helps in maintaining the hygiene levels. Also, to offer end-users with increased mobility, the modern stretcher chairs are equipped with additions that make it easier for healthcare providers to carry patients over staircases and corridors.

The rising focus on healthcare infrastructure in developing countries is likely to create opportunities for manufacturers. Many countries in Asia Pacific are focusing on upgrading their healthcare facilities and provide more amenities to their citizens. In many hospitals and clinics in developing regions, lack of availability of stretcher chairs remained a challenge; however, with improvements in healthcare budgets, opportunities for stretcher chair manufacturers have increased.

The report on global stretcher chair market offers detailed segmentation on the basis of various parameters. On the basis of product, the report has segmented the market into general stretcher chairs and special stretcher chairs. Currently, demand for general stretcher chairs is high, and it is likely that the trend will continue throughout the forecast period. The general stretcher chairs segment accounts for over 60% revenue share of the market, and although it will witness a slight decline in its revenue share, it will still continue to account for the majority revenue share throughout the forecast period.

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Europe Remains Attractive Market Globally

North America and Europe are among the leading markets for stretcher chairs globally. These regions, in addition to high sales, are also at the forefront in terms of research and innovation. The strong demand for stretcher chairs in Europe is likely to continue throughout the forecast period.

The leading companies profiled in the report include Novak M d.o.o, GF Health Products, Inc., CDR Systems, C-RAD AB, Medtronic Plc., Leoni AG, Hill-Rom Holdings, medifa-hesse GmbH & CoKG, AMTAI Medical Equipment, Inc., Getinge AB, Blue Chip Medical Products, Inc., Span America Medical System, Inc., Allengers Medical Systems Limited, Elekta AB, Inc., Invacare Corp, Stryker Corporation, Skytron llc., OPT SurgiSystems S.R.L., STERIS, and Transmotion Medical, Inc.

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