With CAGR of 5.7%, the Hospital Stretchers Market is Set to hit US$ 4.8 Bn Revenue Growth during 2022 - 2032 is Expected to be Significantly Higher than the Historical Growth - Future Market Insights, Inc.

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Nov 28, 2022, 09:30 ET

Throughout the analysis period the United States will generate nearly 1/3^rd of the global Hospital Stretchers Market Revenue, U.K. Hospital Stretchers Market Analysis to reach a valuation of US$ 236 Mn by 2032.

NEWARK, Del., Nov. 28, 2022 /PRNewswire/ -- The Global Hospital Stretchers Market was valued at US$ 2.6 Bn in 2021 and is expected to reach US$ 4.8 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, hospitals will remain pivotal for the market as the bulk of revenue will be generated through this category, with a forecasted CAGR of 18.4%. The market in the U.S. is projected to account for over 30% of the global revenue, throughout the analysis period.

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, CVDs take 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.

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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.

Competitive Landscape

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

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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
Advanced Instrumentations.

The recent developments in hospital stretchers markets are:

In October 2020, Stryker released the ProCuity Wireless Bed, which is intended to help hospitals reduce costs, reduce the number of patients' falls, and improve nurses' workflow.
In September 2021, an Indian teen invented a stretcher with shock absorbers. Unlike its conventional counterparts, this stretcher is designed in such a way that the patient's gravity point is managed using the patient's own weight. During movement on ramps, slopes, or uneven surfaces, this is balanced on the central wheels.
In December 2021, the Neonatal Stretcher System from Technimount won the EMS World Innovation Award 2021. The Neonatal Stretcher System which consists of a support stretcher structure and adapted mounts that allow the attachment of multiple medical devices, provides safety and autonomy to neonatal transport teams.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Hospital Stretchers market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

Market Segments Covered in Hospital Stretchers Industry Analysis

By Product Type:

Adjustable Height
Fixed Height
Bariatric
Radiographic

By Technology:

Motorized
Non-Motorized

By Application:

Ambulatory/Transport
Day-care/Inpatient
Surgery
Emergency/Trauma

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

3.1. Risk Assessment

3.1.1. COVID-19 Crisis and Impact on Demand

3.1.2. COVID-19 Impact Benchmark with Previous Crisis

3.1.3. Impact on Market Value (US$ Mn)

3.1.4. Assessment by Key Countries

3.1.5. Assessment by Key Market Segments

3.1.6. Action Points and Recommendation for Suppliers

3.2. Key Trends Impacting the Market

3.3. Formulation and Product Development Trends

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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SOURCE Future Market Insights