Hospital Stretchers Market Size Worth $4.50 Billion By 2032 | CAGR: 5.6%

The global hospital stretchers market size is expected to reach USD 4.50 billion by 2032, according to a new study by Polaris Market Research. The report “Hospital Stretchers Market Share, Size, Trends, Industry Analysis Report, By Product Type (Fixed Height, Bariatric, Adjustable Height, Radiographic); By Technology; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising prevalence of chronic illnesses such as cancer, neurological disorders, and chronic obstructive pulmonary disease (COPD), particularly among the aging population, is boosting the market growth. Also, more people would need emergency medical services and medical help due to the rising incidence of fatalities and traffic accidents.

In addition, the increased use of bariatric stretchers, which include larger wheels, broader frames, winch attachments, and pull and push handles for the safe transfer of obese patients, is contributing to the market's expansion. Apart from that, the rising number of traffic accidents requiring immediate medical attention, as well as a considerable increase in healthcare infrastructure, are expected to propel the market forward.

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The large senior population worldwide, which has a weakened immune system and is more prone to chronic diseases, will be the market's main driver. The WHO predicts that there will be 2 billion people in the world who are 60 years of age or older by the year 2050. Furthermore, by 2050, low- to middle-income countries will be home to 80% of the world's old population. Additionally, the World Bank predicts that by the year 2050, there will be twice as many persons over 65 worldwide as there were in 2020, or around 727 million people.

Also, more people would need emergency medical services and medical help due to the rising incidence of fatalities and traffic accidents. These traffic accident victims require emergency medical care as well as ambulance assistance to bring them to hospitals. Patients who have been traumatized or injured are frequently handled in a stretcher that has attachments such as a footboard, shoulder harness, lifting harness, wrist rest, toe clamp, lifting bridles, and floating accessories.

Hospital Stretchers Market Report Highlights

• Bariatric segment is anticipated to grow rapidly over the forecast period owing to the increasing number of obese patients who need hospitalization due to chronic diseases.
• Motorized segment sector is expected to hold a significant market share over the forecast period due to the increase in the need for hydraulic and pneumatic stretchers in developed nations.
• Emergency/ Trauma segment sector is expected to hold a significant market share over the forecast period due to the increasing prevalence of road traffic accidents and emergency trauma patients.
• Asia Pacific is expected to grow at a high CAGR over the projected period on account of the growing elderly population who are susceptible to chronic diseases.
• The global players include Stryker, TransMotion Medical, Narang Medical Limited, ROYAX, Advanced Instrumentations, Gendron, Hill-Rom Holdings, Mac Medical, Joerns Healthcare LLC, Medline Industries, GF Health Products, and Anetic Aid Limited.

Polaris Market Research has segmented the hospital stretchers market report based on product type, technology, application, and region:

Hospital Stretchers, Product Type Outlook (Revenue, USD Billion, 2019 - 2032)

• Fixed Height
• Bariatric
• Adjustable Height
• Radiographic

Hospital Stretchers, Technology Type Outlook (Revenue, USD Billion, 2019 - 2032)

• Motorized
• Non-Motorized

Hospital Stretchers, Application Outlook (Revenue, USD Billion, 2019 - 2032)

• Daycare/Inpatient
• Surgery
• Emergency/Trauma
• Ambulatory/Transport

Hospital Stretchers, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa