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Soaring Demand Set to Propel Hospital Stretchers Market to $4.04 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Hospital Stretchers Market Through 2025?
The market size for hospital stretchers has seen robust growth recently, with projections showing an increase from $2.86 billion in 2024 to $3.01 billion in 2025. This forecasts a compound annual growth rate (CAGR) of 5.3%. This significant growth over the historic period can be linked to the progression in design and ergonomics, the expansion of healthcare amenities, the escalating number of patients, specific medical requirements, as well as safety and infection control measures.
What's the Projected Size of the Global Hospital Stretchers Market by 2029?
In the coming years, the market size of hospital stretchers is anticipated to witness substantial growth, expanding to "$4.04 billion in 2029 with a compound annual growth rate (CAGR) of 7.6%. This robust growth during the forecast timeframe comes on the back of factors such as global health crisis impacts, advancements in material science, the need for emergency care provisions, evolution of regulatory standards, and an emphasis on customization and specialization. The noteworthy trends that will dominate this period would be the emphasis on education and training, incorporation of telehealth, modularity and adaptability, focus on sustainability and eco-friendly materials, and enhancements in ergonomics and maneuverability.
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Top Growth Drivers in the Hospital Stretchers Industry: What's Accelerating the Market?
The increase in accident rates is likely to boost the expansion of the hospital stretchers market. Accidents, unintended events often resulting in harm or damage, are increasing in frequency, and the consequent rise in casualties is driving the demand for hospital stretchers - a vital aspect of patient care. Stretchers are employed to move patients from one place to another. For example, in January 2023, the National Highway Traffic Safety Administration, a government agency in the US, reported that 31,785 individuals lost their lives in car accidents in the initial nine months of 2022. Reportedly, the fatality count increased in 25 states during the first three quarters of 2022. There was a 12% increase in deaths on rural highways, a 10% increase in accidents involving a large vehicle, and an 8% rise amongst bikers and in other places, compared to the first half of 2021. As a result, the escalation in accidents is fueling the expansion of the hospital stretchers market.
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What Trends Will Shape the Hospital Stretchers Market Through 2029 and Beyond?
Companies in the hospital stretcher market are designing products to improve patient transfer efficiency and caregiver ergonomics. In May 2022, Czech Republic-based L I N E T spol. s r.o. introduced the Sprint 200 emergency stretcher, featuring ergonomic design, proven safety, and advanced materials to minimize caregiver strain and streamline patient transport.
What Are the Main Segments in the Hospital Stretchers Market?
The hospital stretchers market covered in this report is segmented -
1) By Product Type: Fixed Height Stretchers, Adjustable Stretchers, Bariatric Stretchers, Other Product Types
2) By Technology: Motorized Stretchers, Non-Motorized Stretchers
3) By Application: Intra-Hospital, Pediatric Care, Emergency Department, Radiology Department, Other Applications
Subsegments:
1) By Fixed Height Stretchers: Standard Fixed Height Stretchers, Foldable Fixed Height Stretchers
2) By Adjustable Stretchers: Manual Adjustable Stretchers, Electric Adjustable Stretchers
3) By Bariatric Stretchers: Heavy-Duty Bariatric Stretchers, Wider Bariatric Stretchers
4) By Other Product Types: Stretcher Chairs, Neonatal Stretchers, Emergency Transport Stretchers
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Which Top Companies are Driving Growth in the Hospital Stretchers Market?
Major companies operating in the hospital stretchers market include Stryker Corporation, TransMotion Medical Inc., Advanced Instrumentations Inc., Mac Medical Inc., Narang Medical Limited, ROYAX s.r.o., Anetic Aid Ltd., LINET Group SE, Fu Shun Hsing Technology Co. Ltd., Venture Medical Technologies Inc., Zhangjiagang Xiehe Medical Instrument Co. Ltd., Advin Healthcare Pty. Ltd., Narayan Enterprises Private Limited, Joson Care Enterprise Co. Ltd., Desco Medical Limited, Medline Industries Inc., Invacare Corporation, Baxter International Inc., Carl Bennet AB, Paramount Bed Holdings Co. Ltd., Stiegelmeyer GmbH & Co. KG, Joerns Healthcare LLC, Spencer S.p.A., Midmark Corporation, Howard Wright Limited, Getinge AB, FUJIFILM Holdings Corporation, Gendron Inc., GF Health Products Inc., Hill-Rom Holdings, Inc., Ferno-Washington, Inc., Givas Srl, Hidemar S.r.l., HOSPIMETAL S.A., Haelvoet NV, Famed Zywiec Sp. z o.o.
Which Regions Will Dominate the Hospital Stretchers Market Through 2029?
North America was the largest region in the hospital stretchers market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global hospital stretchers market report during the forecast period. The regions covered in the hospital stretchers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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