The global stretcher accessories market is expected to grow at a CAGR of 5.8% during the period 2022-2032. The market is valued at US$ 1.43 billion as on 2022, and by 2032, the market is expected to reach a valuation of US$ 2.51 billion.
Attributes
Value
Stretcher Accessories Market Value (2022)
US$ 1.43 billion
Stretcher Accessories Market Forecast Value (2032)
US$ 2.51 billion
Stretcher Accessories Market Expected CAGR (2022 to 2032)
5.8%
A stretcher is a device used for moving patients who require some kind of medical care or assistance and are unable to walk themselves for any reason. They are used by hospitals and nursing homes primarily. There are several types of stretchers like cots and litters which are carried by two people or wheeled ones known as gurneys, trolleys or beds.
The stretcher accessories market includes everything which aid the medical staff to assist the patient like different kinds of incubators, cot handles to bend the cot over when at its lowest position, poles to keep the stretcher upright and mattresses to make the patient comfortable while also minimizing their movement while transporting.
There is a recent trend to rent out slings or lifts for a short duration to patients (typically 4 to 6 months) along with flexible rent payment options which enable hospitals to easily manage their cash flows year round. This would also be expected to drive the demand for the stretcher accessories market forward.
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Market Dynamics
Market Drivers
An increase in the prevalence of chronic diseases, like cancer, neurological disorders, etc., is expected to surge the demand for stretcher accessories during the forecast period.
Additionally, there have been various kinds of product innovations that have been shaping up the stretchers market as a whole. This can be seen in the form of introduction of medical equipment, like head immobilizer, toe clamp, etc. This as well might surge the sales of stretcher accessories during the forecast period.
One of the most important factors which is touted to have a positive influence on the stretcher accessories adoption trends is the increase in the number of accidents. Based on the statistics released by ILO, there are nearly 340 million occupational accidents each year. Such accidents have led to an increase in the number of disabilities worldwide, which might further surge the market share.
Furthermore, the current generation hospital bed accessories help in the customization of stretchers, which give a variety of options to the end users. For example, there are certain stretchers which are used in the hospitals that come with wheels for making transportation easier. On the other hand, there are stretchers which do not come with a wheel, and are carried by people.
Moreover, an increase in the geriatric population is also expected to surge the adoption of stretcher accessories. As people become older, even minor accidents can lead to certain kinds of complications. Moreover, a surge in the number of disabilities is also expected to surge the stretcher accessories market.
Market Restraints
One of the biggest challenges encountered by the market is the high cost associated with the stretchers. Additionally, owing to consistent technological innovations that are shaping up the healthcare sector, the current generation stretchers might not match the expectations. This as well might hamper the market growth going ahead.
Additionally, lack of awareness regarding the availability of stretchers and hospital beds in certain parts of the world is also expected to hamper the market growth. This is particularly seen in a lot of developing and underdeveloped nations.
Regional Analysis
As per the market research conducted by FMI, North America is currently the largest market. The availability of technologically advanced healthcare sector coupled with an increase in the geriatric population is driving the market growth. Apart from that, the high disposable income of people residing in this region makes such services affordable.
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Stretcher Accessories market Key Market Players
The main players in the stretcher accessories market are Stryker Corporation, Invacare Corporation, Invacare Corporation, ArjoHuntleigh (Getinge Group), Etac AB, Hill-Rom Holdings, Hill-Rom Holdings, Inc, Patterson Medical Holdings, Inc., Permobil AB, Stiegelmeyer & Co. GMBH, DJO Global and Sunrise Medical LLC.
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Market Size
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Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
