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Hospital Stretchers Market - New Investments Expected to Boost the Demand by 2021

Zion Market Research, the market research group announced the analysis report titled 'Hospital Stretchers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2015–2021'

 

Sarasota, FL -- (SBWIRE) -- 03/19/2018 -- Hospital stretchers are medical equipment designed especially to transport patients safely within or outside a healthcare center. Hospital stretchers are basically utilized in emergency cases such as rescue services during accidents and in general medical services. Apart from patient transportation, hospital stretchers are also used for several specialized functions such as hospital beds, surgical platforms and as inspection or examination desk. The majority of the stretcher are simple, lightweight and made up of metal or other synthetic materials.

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Hospital stretcher is a well-established market across the globe. Rising incidences of chronic disease are the prime factor to stimulate the growth of hospital stretchers market. Additionally, increasing geriatric population is expected to fuel the growth of this market in the near future. Furthermore, the rise in demand for stretchers that are technically advanced and increasing surgical procedures is predicted to fuel the hospital stretchers market. However, high cost associated with specialized stretchers can affect the hospital stretchers market.

The hospital stretchers market is segmented on the basis of product types, applications, technology, and geography. On the basis of product types, the market is divided into fixed height, adjustable, bariatric, and radiographic and other types of stretchers. Depending on technology, hospital stretchers can be segmented into two types namely, motorized and non-motorized. Presently, the non-motorized hospital stretchers segment dominates this market. This segment is developing at a moderate rate due to declining demand for manual stretchers from developed countries. Still, the non-motorized hospital stretchers segment is expected to dominate the overall market in terms of sales as they are very affordable compared to motorized stretchers. Further, intra-hospital transport, emergency department, day care surgery department, pediatric surgery department, and radiology department hospital stretchers are different key applications of this market.

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Hospital stretchers market is undergoing constant development and would keep up this trend in the near future. North America was the largest market for hospital stretchers in 2015 which was mainly contributed by a rise in geriatric population, increased the prevalence of chronic diseases like obesity, gastrointestinal problems, and osteoporosis. Europe is second leading market for hospital stretchers due to increasing aging population. Promising medical tourism and low-cost surgical procedure in the developing countries of Asia-Pacific is expected to drive the hospital stretchers market. Large population and increasing road accidents in developing countries such as India and China are the other major drivers for hospital stretchers market in Asia Pacific region.

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Industry participants in the market place are focusing on continuous technological advancements. Some key players of the hospital stretchers market are Hill-Rom, Stryker, ArjoHuntleigh, Anetic Aid, BI Healthcare, GF Health Products, Kenmark and BMB Medical.

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