The global hospital stretchers market is anticipated to register growth over the forecast period. Increasing prevalence of chronic disorders, growing geriatric population base and increasing number of day care surgeries & ambulatory care services are the major drivers for the growth of market. Hospital stretchers are the equipment designed specifically to transport patients safely outside or within the hospital premise. Increase in surgical and medical procedures are also expected to fuel demand for the hospital stretchers.
Hospital stretchers market is classified into product type, technology and application. Fixed height, bariatric, adjustable and radiographic stretchers are the sub classification of the product type segment. Fixed height stretchers occupied one of the largest market shares in the product segment followed by adjustable and bariatric stretchers. Bariatric stretcher market is anticipated to grow rapidly due to rising obese population and increasing surgical procedures such as banding operations, stomach reduction and gastric bypass. Bariatric stretchers withstanding weight up to 700 pounds are provided by the suppliers, in an attempt to gain market penetration. By technology, the market is segmented into non-motorized and motorized hospital stretcher. The sub segments of applications are day care surgery, emergency department, intra hospital transport and others.
Geographically, hospital stretchers market is studied with respect to four regions as North America, Europe, RoW and Asia Pacific. North America held one of the largest market shares followed by Europe due to the increasing aged population and hospital admission. Emerging medical tourism in the developing economies of Asia Pacific such as India and China is expected to drive the market during the forecast period due to the availability of low cost surgical procedures. Similarly, increasing road traffic accidents and large population base resulting into rising patient population are the other major drivers for the market in Asia Pacific region.
In an attempt to provide effective healthcare services and capitalize markets, manufactures are investing on R&D. Some key players of hospital stretchers market are Fu Shun Hsing Technology Co. Ltd., Gendron Inc., Hill-Rom Holdings Inc., Spencer Italia S.r.l., GF Health Products Ltd., TransMotion Medical, ArjoHuntleigh Inc., Anetic Aid Limited, TransMotion Medical Inc., Mac Medical, Inc. and Stryker Corporation.
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With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.