Asia Pacific Hospital Stretchers Market Report and Forecast 2024-2032

The global hospital stretchers market size was valued at USD 2.9 billion in 2023, with Asia Pacific holding a significant market share. It is expected to grow at a CAGR of 5.37% during the forecast period of 2024-2032. The market is poised to secure a value of USD 4.6 billion by 2032, driven by increasing advancements and geriatric population across the region.

Key Takeaways

• Increasing focus on designing ergonomic hospital stretchers that reduce the physical strain on healthcare workers are poised to propell the Asia Pacific hospital strechers market growth in the forecast period. Ergonomic features include adjustable height, lightweight materials, and easy-to-maneuver wheels help in preventing work-related injuries among medical staff.
• In May 2022, the Chinese government provided funds for upgrading medical facilities nationwide which may include increased demand for hospital stretchers. Such investments are estimated to impact the market value positively.
• The market is driven by multiple drivers such as the increasing geriatric population, and technological advancements.

Asia Pacific Hospital Stretchers Market Analysis

Hospital stretchers are designed to ensure the safety and comfort of the patient during their move from one place to another in a medical situation. They are equipped with appropriate padding and support systems to prevent injury and are maneuverable enough to navigate through the corridors and elevators of a medical facility.

The Asia Pacific hospital stretchers market growth is anticipated to be driven by factors such as the government taking initiatives to upgrade the infrastructure of hospitals in countries including medical equipment. For instance, the Chinese government has taken mutiple initiatives to upgrade the infrastructure of public medical facilities. In May 2022, guidelines were rolled out by the State Council to enhance the healthcare infrastructure development in the region including public medical facilities. The government also allocated funds towards the same target. With 17,294 hospitals across the nation, upgrading medical facilities is expected to significantly drive the hospital stretchers market. Such investments and initiatives are anticipated to boost the demand for improved and advanced hospital stretchers in the region. The advancements also include improved ergonomics, adjustable heights, and technology-integrated medical equipment.

Increasing geriatric population, technological advancements, growing healthcare infrastructure, government initiatives, along with funding activities are one of the major Asia Pacific hospital stretchers market trends. The region consists of countries such as South Korea, China, and Japan. These countries are witnessing a significantly increase in their geriatric population requiring comparatively advanced medical care. Consequenlty, it contributes to rising demand for hospital stretchers in the region. The market is further influenced by rising health awareness, medical tourism, and increasing surgical procedures, among others.

The Asia Pacific hospital stretchers market share is also impacted by increasing medical tourism in the region. This can be attributed to lower cost of medical treatments in comparison to Western countries such as the United States of America, and Canada among others. The market is witnessing an escalation in Emergency Medical Services (EMS) in countries with large rural populations like India and China which require reliable hospital stretchers for effective and improved patient handling with transport in emergencies. In addition, increasing obesity rates may lead to increased demand for bariatric stretchers. Such factors are expected to aid market growth for hospital stretchers in the forecast period.

Asia Pacific Hospital Stretchers Market Segmentation

Market Breakup by Product Type

• Adjustable Stretchers
• Fixed Height Stretchers
• Bariatric Stretchers
• Radiographic Stretcher
• Others

Market Breakup by Technology

• Motorized Stretchers
• Non-Motorized Stretchers

Market Breakup by Application

• Intra-Hospital
• Pediatric Care
• Emergency Department
• Radiology Department
• Other Applications

Market Breakup by Country

• China
• Japan
• ASEAN
• Australia
• India
• Others

Asia Pacific Hospital Stretchers Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Stryker Corporation
• Getinge AB
• Invacare Corporation
• Hill-Rom Holdings, Inc.
• Ferno-Washington, Inc.
• Medline Industries, Inc.
• AMTAI Medical Equipment, Inc.
• Savion Industries Ltd.
• MTAI Medical Equipment, Inc.
• LINET Group SE

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

FAQs

What was the Asia Pacific hospital stretchers market forecast outlook for 2024-2032?
The Asia Pacific hospital stretchers market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 5.37% during the forecast period of 2024-2032 and is likely to reach a market value of USD 4.6 billion by 2032.

What are the major factors aiding the Asia Pacific hospital stretchers market demand?
Factors such as the growing geriatric population and increasing demand for technologically advanced hospital stretchers are aiding the market demand.

What are the major Asia Pacific hospital stretchers market trends?
Major market trends include increasing funding activities by the government. For instance, in May 2022, China allocated funds for upgrading hospital equipment in nationwide hospitals.

What are the various product types in the market?
Products in the market include adjustable stretchers, fixed-height stretchers, bariatric stretchers, radiographic stretchers, and others.

What are the various technologies in the market?
Various technologies used in hospital stretchers are motorized stretchers and non-motorized stretchers.

Where do hospital stretchers find applications?
Application areas includes intra-hospital, pediatric care, emergency department, radiology department, and other applications.

What is the market segmentation by country?
The market segmentation by countries includes China, Japan, ASEAN, Australia, India, and others.

Who are the key players involved in the Asia Pacific hospital stretchers market?

The key players in the market are Stryker Corporation, Getinge AB, Invacare Corporation

Hill-Rom Holdings, Inc., Ferno-Washington, Inc., Medline Industries, Inc., AMTAI Medical Equipment, Inc., Savion Industries Ltd., MTAI Medical Equipment, Inc., and LINET Group SE.


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