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Hospital Stretchers Market Trends That Will Shape the Next Decade: Insights from Innovative Advancements In The Hospital Stretcher Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Hospital Stretchers Market Size By 2025?
In recent years, there has been consistent growth in the hospital stretchers market size. This market is projected to expand from a worth of $2.86 billion in 2024 to an estimated $2.98 billion in 2025, representing a compound annual growth rate (CAGR) of 4.4%. Reasons for growth in previous years include the advancement in design and ergonomics, the expansion of healthcare facilities, a higher number of patients, specific medical requirements, and a focus on safety and infection prevention.
How Big Is the Hospital Stretchers Market Size Expected to Grow by 2029?
In the ensuing years, a robust growth is projected for the hospital stretchers market, with its size expected to attain a value of $3.97 billion by 2029, progressing at a Compound Annual Growth Rate (CAGR) of 7.4%. Factors contributing to this growth during the predicted period include the impact of global health crises, advancements in material science, the rising need for emergency care solutions, progressive regulatory standards, and an emphasis on customization and specialization. The future trends that will dictate the market dynamics comprise an increased focus on education and training, the incorporation of telehealth, the enhancement of modularity and adaptability, a shift towards sustainability and eco-friendly materials, and improvements in ergonomics and maneuverability.
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Which Key Market Drivers Powering Hospital Stretchers Market Expansion and Growth?
Expectations are high for the expansion of the hospital stretcher market due to the increasing number of accidents. Accidents, often unfortunate and unintentional events, can lead to injury, damage, or loss. The growing death toll is a significant contributor to the hospital stretcher market's growth as stretchers are pivotal in patient care. They enable the transfer of patients from one place to another. According to data from the National Highway Traffic Safety Administration, a government agency based in the US, in the initial nine months of 2022, auto accidents claimed the lives of 31,785 people. Furthermore, the report from January 2023 revealed that during the first three trimesters of 2022, fatality rates increased in 25 states. There was a 12% surge in rural interstates deaths, a 10% hike in fatalities involving at least one large vehicle, and an 8% increase in biker deaths, compared to the initial six months of 2021. Thus, the escalating number of accidents stands as a prominent driving factor behind the augmentation of the hospital stretcher market.
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What Long-Term Trends Will Define the Future of the Hospital Stretchers Market?
Prominent corporations in the hospital stretcher sector are crafting novel products like transportation stretchers to expand their client base, drive sales, and boost revenue. Transportation stretchers are medical appliances designed to safely and comfortably move patients within a medical facility or during transportation. For example, in May 2022, L I N E T spol. s r.o., a firm based in the Czech Republic that manufactures hospital and nursing beds, unveiled the Sprint 200 emergency stretcher. This product reflects an exceptional commitment to substantially reduce musculoskeletal disorders (MSDs) among global healthcare providers, while also optimizing patient flow efficiency and overall healthcare costs. The standout attributes of Sprint 200 are divided into three strategic key points. Firstly, prioritizing caregiver well-being with unmatched maneuverability and efficiency through its ergonomic design. Secondly, offering a proven safety record built from experiences with over a million care beds, thereby ensuring reliability and security in patient transport. Lastly, the Sprint 200 demonstrates an innovative design and advanced materials, reinforcing the company's dedication to introducing a high-quality, long-lasting stretcher solution.
What Are the Emerging 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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Who Are the Global Leaders 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 are the Top Profitable Regional Markets for the Hospital Stretchers Industry?
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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