Stretcher Chairs Market by Product and Geography - Forecast and Analysis 2022-2026

The stretcher chairs market share is expected to increase by USD 62.48 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.25%.

This stretcher chairs 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 stretcher chairs market segmentation by product (manual chairs and powered chairs) and geography (North America, Europe, Asia, and Rest of World (ROW)). The stretcher chairs market report also offers information on several market vendors, including Acime UK Ltd., GF Health Products Inc., GPC Medical Ltd., HILL ROM HOLDINGS Inc., IBIOM Instruments Ltd., Jiangsu Rixin Medical Equipment Co. Ltd., LINET Group SE, Midmark Corp., NovyMed International BV, Productos Metelicos del Bages SL, Safety First Aid Group Ltd., SCHMITZ and Sohne GmbH and Co. KG, Standard Steel, STOLLENWERK and CIE. GMBH, Stryker Corp., Suzhou Fabio Medical Equipment Co. Ltd., UFSK-International OSYS GmbH, Winco Mfg. LLC, and WyEast Medical Corp. among others.

What will the Stretcher Chairs Market Size be During the Forecast Period?

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Stretcher Chairs Market: Key Drivers, Trends, and Challenges

The growth in number of dentists and dental practices is notably driving the stretcher chairs market growth, although factors such as presence of stringent regulatory standards 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 stretcher chairs industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Stretcher Chairs Market Driver

One of the key factors driving growth in the stretcher chairs market is the growth in number of dentists and dental practices. Dental chairs are commonly used in dental care establishments. Hence, many hospitals and dental clinics are acquiring technologically advanced dental chairs to increase the efficiency and safety of their dental procedures and services. Hospitals and dental clinics are adopting dental chairs due to technological advancements, increasing healthcare expenditure in developing countries, and the increasing prevalence of dental diseases. The growth of the global dental chairs market is driven by the increase in the number of dentists and dental practices. Dentists in many countries prefer establishing their own dental clinics. In Canada, most dentists practice privately, either alone or through partnerships. In Australia, dental services are offered in private clinics and public healthcare facilities. Most dentists in Australia work in the private sector. Hence, the growth in the number of dentists and dental practices will drive the growth of the market.

Key Stretcher Chairs Market Trend

The improved medical infrastructure is a stretcher chairs market trend that is expected to have a positive impact in the coming years. Healthcare facilities, comprising diagnostics and clinical and hospital-based services, are witnessing a paradigm shift from a supply-based system to a demand-based system. The change is driven by the growing demand from individuals willing to increase their spending on medical facilities such as disease diagnosis, hospital-based treatment, and patient care services during the post-treatment phase. With the rising demand from patients and continuous technological advances in medical equipment, healthcare providers are equipping their facilities with sophisticated laboratories, patient wards, and advanced medical furniture such as stretcher chairs. The growth of healthcare facilities in emerging markets has created a supply-demand gap in these regions. Hence, manufacturers and suppliers are increasing product penetration through efficient distribution networks and providing advanced products. Increasing investments in the healthcare sector by governments will improve the healthcare infrastructure and increase the number of hospitals and diagnostic centers. Hence, the growth of sophisticated healthcare facilities is driving the growth of the global stretcher chairs market.

Key Stretcher Chairs Market Challenge

The presence of stringent regulatory standards will be a major challenge for the stretcher chairs market during the forecast period. Manufacturers are hampered by the stringent government regulations that control the manufacturing, distribution, marketing, and sales of stretcher chairs. These regulations vary from country to country, making it difficult for global market players to operate in international markets. Maintaining the required level of quality in manufacturing stretcher chairs leads to additional costs for manufacturers and increases the overall production cost of stretcher chairs. The increased production cost poses a challenge to manufacturers and suppliers operating in the existing market and prevents them from entering new markets. Hence, the presence of stringent regulatory standards is the major challenge faced by the global stretcher chairs market.

This stretcher chairs 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global stretcher chairs market in North America as a part of the global healthcare supplies market that primarily covers manufacturers of medical products, including all categories of supplies such as consumables and disposables like safety needles, syringes, and catheters. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the stretcher chairs market during the forecast period.

Who are the Major Stretcher Chairs Market Vendors?

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

 

• Acime UK Ltd.
• GF Health Products Inc.
• GPC Medical Ltd.
• HILL ROM HOLDINGS Inc.
• IBIOM Instruments Ltd.
• Jiangsu Rixin Medical Equipment Co. Ltd.
• LINET Group SE
• Midmark Corp.
• NovyMed International BV
• Productos Metelicos del Bages SL
• Safety First Aid Group Ltd.
• SCHMITZ and Sohne GmbH and Co. KG
• Standard Steel
• STOLLENWERK and CIE. GMBH
• Stryker Corp.
• Suzhou Fabio Medical Equipment Co. Ltd.
• UFSK-International OSYS GmbH
• Winco Mfg. LLC
• WyEast Medical Corp.

 

This statistical study of the stretcher chairs market encompasses successful business strategies deployed by the key vendors. The stretcher chairs market is fragmented and the vendors are deploying growth strategies such as reducing the price of their products to compete in the market.

Product Insights and News

• HILL ROM HOLDINGS Inc. - HILL ROM HOLDINGS Inc. is a public company headquartered in US. It is a global company generating $3,018.7 million in revenues and has around 10,000 employees. Its revenue from the global stretcher chairs market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.

• HILL ROM HOLDINGS Inc. - The company offers Barton Transfer Chair that work together to help perform routine tasks more efficiently and provide a comfortable experience for both patients and their families.

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 stretcher chairs 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.

Stretcher Chairs Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the stretcher chairs market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Stretcher Chairs Market?

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51% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for stretcher chairs in North America. Market growth in this region will be faster than the growth of the market in other regions.

The increased healthcare investments by countries such as the US and Canada will facilitate the stretcher chairs 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.

COVID Impact and Recovery Analysis

The stretcher chairs market in North America witnessed slow growth, especially in 2020, due to the outbreak of COVID-19. Countries across North America have been severely affected by the disease. The rise in the incidence of COVID-19 in countries across the region compelled governments to introduce emergency legislation, which included restrictions on several business activities. However, since the first half of 2021, all healthcare services in hospitals and clinics were resumed in countries across North America, which is expected to drive the demand for stretcher chairs. Hence, the increase in the demand for stretcher chairs is expected to boost the growth of the market in North America during the forecast period.

What are the Revenue-generating Product Segments in the Stretcher Chairs Market?

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The stretcher chairs market share growth by the manual chair segment will be significant during the forecast period. There are various advantages of manual chairs, such as they are easy to transport and they are easier to navigate in tighter spaces. Manual chairs offer fewer parts than that of powered chairs and, thus, require less maintenance and care. Moreover, manual chairs do not rely on batteries or placing the chair next to a power source to charge. However, the person requires a level of strength and balance to propel in the chair. The continuous use of manual chairs can cause shoulder wear and tear; therefore, people require medical advice before purchasing.

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

 

Stretcher Chairs Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.25%
Market growth 2022-2026	$ 62.48 million
Market structure	Fragmented
YoY growth (%)	4.0
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 51%
Key consumer countries	US, Canada, Germany, UK, China, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Acime UK Ltd., GF Health Products Inc., GPC Medical Ltd., HILL ROM HOLDINGS Inc., IBIOM Instruments Ltd., Jiangsu Rixin Medical Equipment Co. Ltd., LINET Group SE, Midmark Corp., NovyMed International BV, Productos Metelicos del Bages SL, Safety First Aid Group Ltd., SCHMITZ and Sohne GmbH and Co. KG, Standard Steel, STOLLENWERK and CIE. GMBH, Stryker Corp., Suzhou Fabio Medical Equipment Co. Ltd., UFSK-International OSYS GmbH, Winco Mfg. LLC, and WyEast Medical Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Stretcher Chairs Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive stretcher chairs market growth during the next five years
• Precise estimation of the stretcher chairs market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the stretcher chairs industry across North America, Europe, Asia, and Rest of World (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 stretcher chairs market vendors

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