This market research includes a detailed segmentation of the global hospital stretchers market by technology (motorized hospital stretchers and non-motorized hospital stretchers) and by application type (fixed-height stretchers, adjustable stretchers, bariatric stretchers, radiographic stretchers, and others). It also includes an analysis of the market shares for regions like the Americas, EMEA, and APAC. The key vendors analyzed in this report are ArjoHuntleigh, Anetic Aid, Hill-Rom, and Stryker.
Technavio has released a new market research report on the global hospital stretchers market, which is expected to grow at a CAGR of 4% between 2016 and 2020. The market is witnessing a rapid transformation from traditional non-motorized stretchers to highly advanced motorized stretchers. Growing demand for advanced stretchers, rising volume of surgical procedures, and an increase in the prevalence of chronic diseases will drive the global hospital stretchers market. The Americas is the largest market for hospital stretchers, owing to the increased the prevalence of chronic diseases like obesity, gastrointestinal problems, and osteoporosis among the populace.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Advanced hospital stretchers are designed to reduce the staff injuries and provide maximum comfort for critically ill patients. Some of the advanced hospital stretchers are widely used in inter-hospital transfer of patients for therapeutic or diagnostic interventions. These stretchers have innovative features such as powered hydraulics, power loss backup, readily available battery, retractable head section, high-speed retract, and platforms that reduce the spinal load. For example, the Lifeguard series from ArjoHuntleigh has versatile features with highly advanced specification and is compatible with most conventional X-ray and C-arm imaging systems,” says Imran Mushtaq, Industry Manager, Healthcare & Lifesciences, Technavio Research
Currently, the non-motorized hospital stretchers segment dominates this market and accounts for approximately 74% of the total market share. This segment is expected to grow at a slow rate due to the decreasing demand for manual stretchers from developed countries such as the US, Japan, and some Western European countries. However, despite its decreasing demand, the non-motorized hospital stretchers segment will dominate this market in terms of sales as they are highly affordable, especially when compared to motorized stretchers.
The leading vendors in the global hospital stretchers market are ArjoHuntleigh, Anetic Aid, Hill-Rom, and Stryker. The market is highly fragmented owing to the presence of numerous global, regional, or local vendors. The high cost of hospital stretchers will increase the pressure on hospitals to move towards low-cost products or products available on a rental basis. This will force major vendors such as ArjoHuntleigh, Stryker, and Hill-Rom to reduce the average selling price of their premium products.
A more detailed analysis is available in the Technavio report, Global Hospital Stretchers Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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