Newly-released Hospital Stretchers market analysis report by Future Market Insights shows that global sales of the Hospital Stretchers market in 2021 were held at USD 2.6 Billion. With 5.7%, the projected market growth from 2022 to 2032 is expected to be significantly higher than the historical growth. The absolute dollar opportunity for the Hospital Stretchers market will be witnessing USD 2.1 Billion overall growth due to the surge rising of chronic diseases, a growing geriatric population, and rising hospitalization, which are all major driving factors for the market's expansion.
| Attribute | Details |
|---|---|
| Global Hospital Stretchers Market (2022) | USD 2.8 Billion |
| Global Hospital Stretchers Market (2032) | USD 4.8 Billion |
| Global Hospital Stretchers Market CAGR (2022 to 2032) | 5.7% |
| USA Hospital Stretchers Market (2022) | USD 975.5 Million |
| Key Companies Profiled | Hill-Rom Holdings; Stryker; Mac Medical; TransMotion Medical Inc.; Fu Shun Hsing Technology; Narang Medical Limited; ROYAX; Advanced Instrumentations |
As per the Hospital Stretchers market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the market increased at around 4.8% CAGR, wherein, the region North America held a significant share in the global market.
The overall increases in chronic ailments such as diabetes, cardiovascular disease, cancer, respiratory disease, and autoimmune diseases are driving industry growth. A growing number of surgical and medical procedure demands will boost product sales during the forecast.
Apart from this, the WHO (World Health Organization) estimated that the global population of people aged sixty or above would reach 1.4 billion by 2030. The growing elderly population also plays an important role in driving the market. Thus, the Hospital Stretchers market is expected to witness a CAGR of 5.7% over the next ten years.
The prevalence, the sedentary lifestyles, and the prevalence of alcohol and smoking consumption are all linked to the probability of people suffering from chronic diseases. One of the chief causes of death globally is cardiovascular disease. According to the WHO, CVD takes the lives of approximately 17.9 million people every year. According to the Centers for Disease Control and Prevention, 0.8 million Americans have a heart attack per year, and approximately 0.6 million die because of this.
The rising incidence of cancer is leading to the demand for stretchers in hospital settings. The International Agency for Research on Cancer (IARC) projects the growth of the cancer burden will reach 19.3 million cases by 2020, with 10 million deaths. Consequently, the demand for chronic diseases is among the key factors driving growth.
More fatalities and traffic accidents have motivated increased funding for emergency medical services. The WHO estimates that each year, close to 1.35 million traffic-related deaths occur worldwide (2021). By age group, fatalities occur most commonly among people under 29 and are particularly common in low- and middle-income countries.
Countries with relatively low and average amounts of social welfare tend to have the largest number of traffic fatalities, which account for around two-thirds of the worldwide toll. Furthermore, the International Association for Safe Travel estimates that 1.35 million individuals die each year in traffic accidents, with as many as 20 million becoming disabled.
Victims of traffic accidents require emergency medical care and transportation to hospitals. In addition, these injured patients are commonly transported in stretchers which are outfitted with accessories such as a head spine immobilizer, lifting bridles, toe clamp, wrist rest, lifting harness, shoulder harness, footboard, and also flotation devices. As a result, rising traffic accidents are expected to drive market growth over the projected study period.
The USA dominated the North American Hospital Stretchers market, which is expected to reach USD 1.78 billion by 2032. Growing numbers of elderly Americans are a primary driver of the economic climate in this field. According to data from the Census Bureau, the number of Americans aged 65 and up in 2018 is expected to increase from 52 million to nearly 95 million in 2060. Similarly, the share of people aged 65 and up is expected to increase from 16% to 23% over the same period.
Rising healthcare spending and the increased use of advanced healthcare facilities are driving the growth of the medical tourism business. According to CMS data, 4.6% more federal spending was reported by the USA government in 2019 than in the previous year, which grew from USD 3.8 trillion to USD 3.9 trillion.
Additional advantages for services and procedures covered by the Part A and Part B Medicare programs in the United States are to encourage market growth. In the Part B section of Medicare, for example, the range of medical services subsidized is 80% of the Medicare-authorized amount for medically necessary emergency ambulance services and non-emergency ambulance services.
The hospital stretchers market in the United Kingdom grew from USD 110 Million in 2021 to reach a valuation of USD 236 Million by 2032, growing at a CAGR of USD 7.5% from 2022 to 2032. The market during the forecast period is expected to witness an absolute dollar opportunity of USD 120 Million.
The market in Japan is likely to reach a valuation of USD 152 Million by 2032, growing at a CAGR of 7.4% during the forecast period. The market from 2022 to 2032 is expected to witness an absolute dollar opportunity of USD 77 Million.
The hospital stretchers market in South Korea is expected to reach USD 88 Million by 2032, growing at a CAGR of 6.1%. The market from 2022 to 2032 is expected to witness an absolute dollar opportunity of USD 39 Million.
Hospital Stretchers market revenue is expected to grow at the fastest rate in APAC (Asia Pacific), between 2022 and 2032, with over 7.5% and 7.4% projected growth rates in China and Japan, respectively. Some of the key businesses that manufacture medical devices in several Asian-Pacific locations have announced that they will expedite the distribution of their products to these regions to expand their market share. This will mean a decrease in diversification in global locations, and this shift could present an opportunity for the market.
Public funding for technological advancement, rising investment, improved reimbursement amounts, and increasing medical tourism are anticipated to generate considerable demand for health tourism in the upcoming years. Furthermore, the medical tourism industry growth in Asia Pacific is predicted to be encouraged by a rising population of citizens in older age levels and a growing middle class.
According to an evaluation by the United Nations Population Fund, the traditional population in the Asia Pacific region is growing at a record pace, and by the year 2050, over 200 million people in the region will be over 60, upping the total population to roughly 1.3 billion.
The bariatric segment produced the highest rate of revenue and is anticipated to witness a 5.4% CAGR over the projected timeframe. Larger stretcher frames, large wheels, winch attachments, and pull and push handles are all features of bariatric stretchers that facilitate safe transport.
Patients who are obese are oftentimes carried by stretchers of this kind. Obesity is one of the most critical public health matters that can lead to a range of health complications, such as diabetes, heart disease, and cancer.
Obesity is increasing the need for bariatric stretchers, which leads to hospitalization. According to the World Health Organization, approximately 1.9 billion adults were overweight in 2016, with over 650 million suffering from obesity. Bariatric stretchers can hold weights of up to 700 pounds. Furthermore, powered high-low stretchers for patient transfer and positioning can be beneficial. As a result, the ever-increasing number of obese patients makes an ideal environment for optimal growth.
Motorized hospital stretchers have a market share of over 65% in 2020 and are projected to witness the highest CAGR during the forecast period. This is due to the increased investment of major players in developing state-of-the-art and advanced products. Demand for hydraulic and pneumatic stretchers is increasing in developed regions as new technology is evaluated.
The demand for adjustable stretchers is also expected to grow significantly in the coming years as multi-specialty and super-specialty hospitals demand more innovative and automated hospital stretchers. Stretchers that are motorized and technologically advanced are available. These stretchers are also useful for medical professionals. They have an arm mechanism and a curved backrest that can be adjusted for elevation. The height of an adjustable stretcher can be greater than a fixed-height stretcher.
Product commercialization and partnership tactics are expected to be profitable for the hospital stretchers market in the forthcoming years. Market players are concentrating on various business strategies such as mergers and acquisitions, partnerships, and new product launches to strengthen their market position
The key vendors in the global Hospital Stretchers market are Hill-Rom Holdings, Stryker, Mac Medical, TransMotion Medical Inc., Fu Shun Hsing Technology, Narang Medical Limited, ROYAX, and Advanced Instrumentations.
The recent developments in hospital stretchers markets are:
Table 1: Global Market Value (US$ Million), By Product Type, 2017 to 2021
Table 2: Global Market Value (US$ Million), By Product Type, 2022 to 2032
Table 3: Global Market Value (US$ Million), By Application, 2017 to 2021
Table 4: Global Market Value (US$ Million), By Application, 2022 to 2032
Table 5: Global Market Value (US$ Million), By Technology, 2017 to 2021
Table 6: Global Market Value (US$ Million), By Technology, 2022 to 2032
Table 7: Global Market, By Region, 2017 to 2021
Table 8: Global Market, By Region, 2022 to 2032
Table 9: North America Market Value (US$ Million), By Product Type, 2017 to 2021
Table 10: North America Market Value (US$ Million), By Product Type, 2022 to 2032
Table 11: North America Market Value (US$ Million), By Application, 2017 to 2021
Table 12: North America Market Value (US$ Million), By Application, 2022 to 2032
Table 13: North America Market Value (US$ Million), By Technology, 2017 to 2021
Table 14: North America Market Value (US$ Million), By Technology, 2022 to 2032
Table 15: North America Market, By Country, 2017 to 2021
Table 16: North America Market, By Country, 2022 to 2032
Table 17: Latin America Market Value (US$ Million), By Product Type, 2017 to 2021
Table 18: Latin America Market Value (US$ Million), By Product Type, 2022 to 2032
Table 19: Latin America Market Value (US$ Million), By Application, 2017 to 2021
Table 20: Latin America Market Value (US$ Million), By Application, 2022 to 2032
Table 21: Latin America Market Value (US$ Million), By Technology, 2017 to 2021
Table 22: Latin America Market Value (US$ Million), By Technology, 2022 to 2032
Table 23: Latin America Market, By Country, 2017 to 2021
Table 24: Latin America Market, By Country, 2022 to 2032
Table 25: Europe Market Value (US$ Million), By Product Type, 2017 to 2021
Table 26: Europe Market Value (US$ Million), By Product Type, 2022 to 2032
Table 27: Europe Market Value (US$ Million), By Application, 2017 to 2021
Table 28: Europe Market Value (US$ Million), By Application, 2022 to 2032
Table 29: Europe Market Value (US$ Million), By Technology, 2017 to 2021
Table 30: Europe Market Value (US$ Million), By Technology, 2022 to 2032
Table 31: Europe Market, By Country, 2017 to 2021
Table 32: Europe Market, By Country, 2022 to 2032
Table 33: Asia Pacific Market Value (US$ Million), By Product Type, 2017 to 2021
Table 34: Asia Pacific Market Value (US$ Million), By Product Type, 2022 to 2032
Table 35: Asia Pacific Market Value (US$ Million), By Application, 2017 to 2021
Table 36: Asia Pacific Market Value (US$ Million), By Application, 2022 to 2032
Table 37: Asia Pacific Market Value (US$ Million), By Technology, 2017 to 2021
Table 38: Asia Pacific Market Value (US$ Million), By Technology, 2022 to 2032
Table 39: Asia Pacific Market, By Country, 2017 to 2021
Table 40: Asia Pacific Market, By Country, 2022 to 2032
Table 41: MEA Market Value (US$ Million), By Product Type, 2017 to 2021
Table 42: MEA Market Value (US$ Million), By Product Type, 2022 to 2032
Table 43: MEA Market Value (US$ Million), By Application, 2017 to 2021
Table 44: MEA Market Value (US$ Million), By Application, 2022 to 2032
Table 45: MEA Market Value (US$ Million), By Technology, 2017 to 2021
Table 46: MEA Market Value (US$ Million), By Technology, 2022 to 2032
Table 47: MEA Market, By Country, 2017 to 2021
Table 48: MEA Market, By Country, 2022 to 2032
Table 49: Global Market Incremental $ Opportunity, By Product Type, 2017 to 2021
Table 50: Global Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 51: Global Market Incremental $ Opportunity, By Technology, 2017 to 2021
Table 52: Global Market Incremental $ Opportunity, By Region, 2022 to 2032
Table 53: North America Market Incremental $ Opportunity, By Product Type, 2017 to 2021
Table 54: North America Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 55: North America Market Incremental $ Opportunity, By Technology, 2017 to 2021
Table 56: North America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 57: Latin America Market Incremental $ Opportunity, By Product Type, 2017 to 2021
Table 58: Latin America Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 59: Latin America Market Incremental $ Opportunity, By Technology, 2017 to 2021
Table 60: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 61: Europe Market Incremental $ Opportunity, By Product Type, 2017 to 2021
Table 62: Europe Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 63: Europe Market Incremental $ Opportunity, By Technology, 2017 to 2021
Table 64: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 65: Asia Pacific Market Incremental $ Opportunity, By Product Type, 2017 to 2021
Table 66: Asia Pacific Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 67: Asia Pacific Market Incremental $ Opportunity, By Technology, 2017 to 2021
Table 68: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 69: MEA Market Incremental $ Opportunity, By Product Type, 2017 to 2021
Table 70: MEA Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 71: MEA Market Incremental $ Opportunity, By Technology, 2017 to 2021
Table 72: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032
Figure 1: Global Market Value (US$ Million) and Year-on-Year Growth, 2017 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2017 to 2021) and Opportunity (2022 to 2032), US$ Million
Figure 3: Global Market Share, By Product Type, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Product Type – 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Product Type – 2022 to 2032
Figure 6: Global Market Share, By Application, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Application – 2022 to 2032
Figure 9: Global Market Share, By Technology, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Technology – 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Technology – 2022 to 2032
Figure 12: Global Market Share, By Region, 2022 & 2032
Figure 13: Global Market Y-o-Y Growth Projections, By Region – 2022 to 2032
Figure 14: Global Market Attractiveness Index, By Region – 2022 to 2032
Figure 15: North America Market Value (US$ Million) and Year-on-Year Growth, 2017 to 2032
Figure 16: North America Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 17: North America Market Share, By Product Type, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Projections, By Product Type – 2022 to 2032
Figure 19: North America Market Attractiveness Index, By Product Type – 2022 to 2032
Figure 20: North America Market Share, By Application, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Application – 2022 to 2032
Figure 23: North America Market Share, By Technology, 2022 & 2032
Figure 24: North America Market Y-o-Y Growth Projections, By Technology – 2022 to 2032
Figure 25: North America Market Attractiveness Index, By Technology – 2022 to 2032
Figure 26: North America Market Share, By Country, 2022 & 2032
Figure 27: North America Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 28: North America Market Attractiveness Index, By Country – 2022 to 2032
Figure 29: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2017 to 2032
Figure 30: Latin America Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 31: Latin America Market Share, By Product Type, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Projections, By Product Type – 2022 to 2032
Figure 33: Latin America Market Attractiveness Index, By Product Type – 2022 to 2032
Figure 34: Latin America Market Share, By Application, 2022 & 2032
Figure 35: Latin America Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 36: Latin America Market Attractiveness Index, By Application – 2022 to 2032
Figure 37: Latin America Market Share, By Technology, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projections, By Technology – 2022 to 2032
Figure 39: Latin America Market Attractiveness Index, By Technology – 2022 to 2032
Figure 40: Latin America Market Share, By Country, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 42: Latin America Market Attractiveness Index, By Country – 2022 to 2032
Figure 43: Europe Market Value (US$ Million) and Year-on-Year Growth, 2017 to 2032
Figure 44: Europe Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 45: Europe Market Share, By Product Type, 2022 & 2032
Figure 46: Europe Market Y-o-Y Growth Projections, By Product Type – 2022 to 2032
Figure 47: Europe Market Attractiveness Index, By Product Type – 2022 to 2032
Figure 48: Europe Market Share, By Application, 2022 & 2032
Figure 49: Europe Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 50: Europe Market Attractiveness Index, By Application – 2022 to 2032
Figure 51: Europe Market Share, By Technology, 2022 & 2032
Figure 52: Europe Market Y-o-Y Growth Projections, By Technology – 2022 to 2032
Figure 53: Europe Market Attractiveness Index, By Technology – 2022 to 2032
Figure 54: Europe Market Share, By Country, 2022 & 2032
Figure 55: Europe Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 56: Europe Market Attractiveness Index, By Country – 2022 to 2032
Figure 57: MEA Market Value (US$ Million) and Year-on-Year Growth, 2017 to 2032
Figure 58: MEA Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 59: MEA Market Share, By Product Type, 2022 & 2032
Figure 60: MEA Market Y-o-Y Growth Projections, By Product Type – 2022 to 2032
Figure 61: MEA Market Attractiveness Index, By Product Type – 2022 to 2032
Figure 62: MEA Market Share, By Application, 2022 & 2032
Figure 63: MEA Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 64: MEA Market Attractiveness Index, By Application – 2022 to 2032
Figure 65: MEA Market Share, By Technology, 2022 & 2032
Figure 66: MEA Market Y-o-Y Growth Projections, By Technology – 2022 to 2032
Figure 67: MEA Market Attractiveness Index, By Technology – 2022 to 2032
Figure 68: MEA Market Share, By Country, 2022 & 2032
Figure 69: MEA Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 70: MEA Market Attractiveness Index, By Country – 2022 to 2032
Figure 71: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2017 to 2032
Figure 72: Asia Pacific Market Absolute $ Opportunity Historical (2017 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 73: Asia Pacific Market Share, By Product Type, 2022 & 2032
Figure 74: Asia Pacific Market Y-o-Y Growth Projections, By Product Type – 2022 to 2032
Figure 75: Asia Pacific Market Attractiveness Index, By Product Type – 2022 to 2032
Figure 76: Asia Pacific Market Share, By Application, 2022 & 2032
Figure 77: Asia Pacific Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 78: Asia Pacific Market Attractiveness Index, By Application – 2022 to 2032
Figure 79: Asia Pacific Market Share, By Technology, 2022 & 2032
Figure 80: Asia Pacific Market Y-o-Y Growth Projections, By Technology – 2022 to 2032
Figure 81: Asia Pacific Market Attractiveness Index, By Technology – 2022 to 2032
Figure 82: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 83: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 84: Asia Pacific Market Attractiveness Index, By Country – 2022 to 2032
Figure 85: US Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 86: US Market Share, By Product Type, 2021
Figure 87: US Market Share, By Application, 2021
Figure 88: US Market Share, By Technology, 2021
Figure 89: Canada Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 90: Canada Market Share, By Product Type, 2021
Figure 91: Canada Market Share, By Application, 2021
Figure 92: Canada Market Share, By Technology, 2021
Figure 93: Brazil Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 94: Brazil Market Share, By Product Type, 2021
Figure 95: Brazil Market Share, By Application, 2021
Figure 96: Brazil Market Share, By Technology, 2021
Figure 97: Mexico Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 98: Mexico Market Share, By Product Type, 2021
Figure 99: Mexico Market Share, By Application, 2021
Figure 100: Mexico Market Share, By Technology, 2021
Figure 101: Germany Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 102: Germany Market Share, By Product Type, 2021
Figure 103: Germany Market Share, By Application, 2021
Figure 104: Germany Market Share, By Technology, 2021
Figure 105: U.K. Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 106: U.K. Market Share, By Product Type, 2021
Figure 107: U.K. Market Share, By Application, 2021
Figure 108: U.K. Market Share, By Technology, 2021
Figure 109: France Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 110: France Market Share, By Product Type, 2021
Figure 111: France Market Share, By Application, 2021
Figure 112: France Market Share, By Technology, 2021
Figure 113: Italy Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 114: Italy Market Share, By Product Type, 2021
Figure 115: Italy Market Share, By Application, 2021
Figure 116: Italy Market Share, By Technology, 2021
Figure 117: BENELUX Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 118: BENELUX Market Share, By Product Type, 2021
Figure 119: BENELUX Market Share, By Application, 2021
Figure 120: BENELUX Market Share, By Technology, 2021
Figure 121: Nordic Countries Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 122: Nordic Countries Market Share, By Product Type, 2021
Figure 123: Nordic Countries Market Share, By Application, 2021
Figure 124: Nordic Countries Market Share, By Technology, 2021
Figure 125: China Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 126: China Market Share, By Product Type, 2021
Figure 127: China Market Share, By Application, 2021
Figure 128: China Market Share, By Technology, 2021
Figure 129: Japan Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 130: Japan Market Share, By Product Type, 2021
Figure 131: Japan Market Share, By Application, 2021
Figure 132: Japan Market Share, By Technology, 2021
Figure 133: South Korea Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 134: South Korea Market Share, By Product Type, 2021
Figure 135: South Korea Market Share, By Application, 2021
Figure 136: South Korea Market Share, By Technology, 2021
Figure 137: GCC Countries Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 138: GCC Countries Market Share, By Product Type, 2021
Figure 139: GCC Countries Market Share, By Application, 2021
Figure 140: GCC Countries Market Share, By Technology, 2021
Figure 141: South Africa Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 142: South Africa Market Share, By Product Type, 2021
Figure 143: South Africa Market Share, By Application, 2021
Figure 144: South Africa Market Share, By Technology, 2021
Figure 145: Turkey Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 146: Turkey Market Share, By Product Type, 2021
Figure 147: Turkey Market Share, By Application, 2021
Figure 148: Turkey Market Share, By Technology, 2021
The global Hospital Stretchers market is worth more than USD 2.8 Billion at present.
The value of the Hospital Stretchers market is projected to increase at a CAGR of around 5.7% from 2022 to 2032.
The value of the Hospital Stretchers market increased at a CAGR of around 4.8% from 2017 to 2021.
The top 5 countries driving demand for the Hospital Stretchers market are the USA, China, the United Kingdom, Japan, and South Korea.
The key technology that is used and has high demand is Motorized hospital stretchers which will be accounted for 6% CAGR from 2022 to 2032.
The USA market for Hospital Stretchers is projected to expand at a CAGR of around 5.8% from 2022 to 2032.
The major companies are Hill-Rom Holdings, Stryker, Mac Medical, TransMotion Medical Inc., and Fu Shun Hsing Technology.
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