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Hospital Stretchers Market by Technology, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR71057
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The hospital stretchers market has the potential to grow by USD 742.02 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.70%.

This hospital stretchers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by technology (non-motorized stretchers and motorized stretchers), application (fixed-stretchers, adjustable stretchers, bariatric stretchers, radiographic stretchers, and others), and geography (North America, Europe, Asia, and ROW). The hospital stretchers market report also offers information on several market vendors, including Advanced Instrumentations Inc., Anetic Aid Ltd., Arjo AB, Bicakcilar Medical Devices, BMB Medical LLC, Favero Health Projects Spa, Ferno Group Co., Hill-Rom Holdings Inc., Stryker Corp., and Zhangjiagang Braun Industry Co. Ltd. among others.

What will the Hospital Stretchers Market Size be in 2021?

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Hospital Stretchers Market: Key Drivers and Trends

The increased incidence of chronic diseases is notably driving the hospital stretchers market growth, although factors such as the high cost of specialized hospital stretchers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hospital stretchers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the hospital stretchers market is the increased incidence of chronic diseases.
  • Sedentary lifestyles, along with unhealthy eating habits, negatively affect the homeostasis of the body and make people susceptible to many chronic disorders that require proper medical care.
  • Treatment of chronic diseases has become critical, leading to hospitalization.
  • Most of the people affected with chronic illnesses will seek medical care in hospitals, which, in turn, would fuel the demand for hospital stretchers to ensure the safe transportation of patients.
  • The growing demand for bariatric surgeries is another major factor supporting the hospital stretchers market share growth.
  • The rapid increase in obesity is directly proportional to the number of bariatric surgeries.
  • The growing number of bariatric surgeries will raise the demand for supporting equipment such as hospital stretchers used in this procedure.
  • Global vendors such as Stryker and Hill-Rom have developed specialized OB/GYN stretchers for fast and easy patient positioning with advanced mobility features.

This hospital stretchers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Hospital Stretchers Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Advanced Instrumentations Inc.
  • Anetic Aid Ltd.
  • Arjo AB
  • Bicakcilar Medical Devices
  • BMB Medical LLC
  • Favero Health Projects Spa
  • Ferno Group Co.
  • Hill-Rom Holdings Inc.
  • Stryker Corp.
  • Zhangjiagang Braun Industry Co. Ltd.

 

This statistical study of the hospital stretchers market encompasses successful business strategies deployed by the key vendors. The hospital stretchers market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hospital stretchers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Hospital Stretchers Market?

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37% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for hospital stretchers in North America. Market growth in this region will be faster than the growth of the market in the European and ROW regions.

The advanced healthcare facilities are expected to boost the adoption of advanced healthcare equipment, including advanced electric hospital beds, which, in turn, will facilitate the hospital stretchers market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Hospital Stretchers Market?

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The hospital stretchers market share growth by the non-motorized stretchers segment will be significant during the forecast period. The demand for non-motorized hospital stretchers is high in some developing and emerging markets, including Eastern Europe, APAC, and Latin America. The presence of a large population base in these markets will drive the global non-motorized stretchers market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the hospital stretchers market size and actionable market insights on post COVID-19 impact on each segment.

 

Hospital Stretchers Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.70%

Market growth 2021-2025

$ 742.02 million

Market structure

Fragmented

YoY growth (%)

5.11

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 37%

Key consumer countries

US, Germany, Canada, China, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Advanced Instrumentations Inc., Anetic Aid Ltd., Arjo AB, Bicakcilar Medical Devices, BMB Medical LLC, Favero Health Projects Spa, Ferno Group Co., Hill-Rom Holdings Inc., Stryker Corp., and Zhangjiagang Braun Industry Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Hospital Stretchers Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive hospital stretchers market growth during the next five years
  • Precise estimation of the hospital stretchers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hospital stretchers industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hospital stretchers market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Fixed-stretchers - Market size and forecast 2020-2025
    • Adjustable stretchers - Market size and forecast 2020-2025
    • Bariatric stretchers - Market size and forecast 2020-2025
    • Radiographic stretchers - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • Non-motorized stretchers - Market size and forecast 2020-2025
    • Motorized stretchers - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • Asia - Market size and forecast 2020-2025
      • ROW - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Advanced Instrumentations Inc.
      • Anetic Aid Ltd.
      • Arjo AB
      • Bicakcilar Medical Devices
      • BMB Medical LLC
      • Favero Health Projects Spa
      • Ferno Group Co.
      • Hill-Rom Holdings Inc.
      • Stryker Corp.
      • Zhangjiagang Braun Industry Co. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The hospital stretchers market growth will increase by $742.02 million during 2020-2025.
      The hospital stretchers market is expected to grow at a CAGR of 6.7% during 2020-2025.
      Technavio has segmented the hospital stretchers market by technology (Non-motorized stretchers and Motorized stretchers) ,application (Fixed-stretchers, Adjustable stretchers, Bariatric stretchers, Radiographic stretchers, and Others) , and geographic (North America, Europe, Asia, and ROW).
      Advanced Instrumentations Inc., Anetic Aid Ltd., Arjo AB, Bicakcilar Medical Devices, BMB Medical LLC, Favero Health Projects Spa, Ferno Group Co., Hill-Rom Holdings Inc., Stryker Corp., Zhangjiagang Braun Industry Co. Ltd. are a few of the key vendors in the hospital stretchers market.
      North America will register the highest growth rate of 36.54% among the other regions. Therefore, the hospital stretchers market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the hospital stretchers market growth are:
      • Increased incidence of chronic diseases
      The hospital stretchers market vendors should focus on grabbing business opportunities from the non-motorized stretchers segment as it accounted for the largest market share in the base year.
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