What is the key driver of the Global Hospital Stretchers Market Market?

The widespread use of home automation and smart devices is driving the demand for digital Hospital Stretcherss. Additionally, a rising standard of living encourages the introduction of technologically improved products, which is anticipated to drive the growth of the worldwide digital Hospital Stretchers market.

Global Hospital Stretchers Market Size, Share, Growth Analysis, By Product(Fixed Height, Bariatric), By Technology(Motorized, and Non-Motorized), By Application(Daycare/Inpatient, Surgery) - Industry Forecast 2024-2031

Report ID: SQMIG35A2294 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 91 | Figures: 76

Global Hospital Stretchers Market Dynamics

Drivers

Increasing Healthcare Expenditure

The rising healthcare expenditure, particularly in emerging economies, is driving the demand for hospital stretchers. As healthcare facilities invest in modernizing their infrastructure and equipment, the need for efficient patient transportation and mobility solutions, such as stretchers, increases.

Restraints

High Cost of Advanced Stretchers

Technologically advanced hospital stretchers can be costly, limiting their adoption, particularly in resource-constrained healthcare settings. The high cost of acquisition and maintenance of sophisticated stretchers may pose a restraint on the market, especially in developing regions with budgetary constraints.

Global Hospital Stretchers Market Report Snapshots

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FAQs

Global Hospital Stretchers Market size was valued at USD 2451.18 million in 2021 and is poised to grow from USD 2590.9 million in 2022 to USD 4036.92 million by 2030, at a CAGR of 5.7% during the forecast period (2023-2030).

To strengthen their position in the market, key players are concentrating on several business tactics like mergers and acquisitions, collaborations, and the development of new products. For instance, Stryker introduced the ProCuity wireless hospital bed. The smart bed is intended to decrease in-hospital patient falls, improve nurse safety and workflow efficiency, and assist hospitals in cost-cutting. 'Hill-Rom Holdings, Inc.', 'Stryker Corporation', 'Getinge AB', 'Arjo AB', 'Ferno-Washington, Inc.', 'Invacare Corporation', 'Gendron, Inc.', 'GF Health Products, Inc. (Graham-Field)', 'Span-America Medical Systems, Inc.', 'TransMotion Medical, Inc.', 'Junkin Safety Appliance Company', 'Novak M d.o.o.', 'Sidhil Ltd.', 'Zhangjiagang New Fellow Med Co., Ltd.', 'PROMEK Medical', 'Mega Andalan Kalasan (MAK)', 'Linet spol. s r.o.', 'Besco Medical Co., Ltd.', 'Pelican Manufacturing Pty Ltd.', 'Favero Health Projects S.p.A.'

The rising healthcare expenditure, particularly in emerging economies, is driving the demand for hospital stretchers. As healthcare facilities invest in modernizing their infrastructure and equipment, the need for efficient patient transportation and mobility solutions, such as stretchers, increases.

Increasing Demand for Specialized Stretchers: There is a growing demand for specialized stretchers designed to meet specific healthcare needs. These include bariatric stretchers for obese patients, pediatric stretchers for children, and neonatal stretchers for newborns. The customization and development of specialized stretchers cater to the diverse requirements of patients across different age groups and medical conditions.

North America had the greatest revenue share, accounting for 41.4% of the market's overall sales in 2022. The population's aging is a key factor in this market's expansion. According to projections from the U.S. Census Bureau, there will be 95 million fewer Americans 65 and older in 2060 than there are now, or a difference of 52 million. Furthermore, it is anticipated that the proportion of adults 65 and older as a whole would rise from 16% to 23%.

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Global Hospital Stretchers Market Size, Share, Growth Analysis, By Product(Fixed Height, Bariatric), By Technology(Motorized, and Non-Motorized), By Application(Daycare/Inpatient, Surgery) - Industry Forecast 2024-2031

Global Hospital Stretchers Market Dynamics

Global Hospital Stretchers Market Report Snapshots

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