Latin America Hospital Stretchers Market Report and Forecast 2024-2032

The global hospital stretchers market was valued at USD 2.9 billion in 2023, with Latin America holding a significant market share. The market is driven by the rising investments in healthcare infrastructure. It is expected to grow at a CAGR of 5.37% during the forecast period of 2024-2032, with the values likely to attain USD 4.6 billion by 2032.

Latin America Hospital Stretchers Market Outlook

• The high prevalence of chronic diseases and a substantial rise in the aging and bariatric population are contributing to the growing number of hospital admissions. This drives the need for efficient transport solutions to facilitate patient movement within the hospital, thereby fuelling the market demand for hospital stretchers.
• In May 2023, a study reported that per capita healthcare spending in Brazil is projected to increase from USD 848 in 2020 to USD 1165 by 2030. The rising healthcare expenditures by the government and private healthcare providers to upgrade medical facilities and expand healthcare services are anticipated to boost the Latin America hospital stretchers market share.
• One of the major market trends is the increased adoption of technologically advanced hospital stretchers such as motorized stretchers or specialty stretchers with integrated monitoring capabilities to ensure patient comfort and safety.

Latin America Hospital Stretchers Market Analysis

Hospital stretchers are patient transport devices that are designed to facilitate efficient patient movement to different areas in the hospital. Some hospital stretchers, such as bariatric stretchers for heavier patients and pediatric stretchers for pediatric patients are equipped with specialized features, intended to accommodate certain patient populations. Moreover, the rising emphasis on patient comfort and safety is likely to increase investments in innovative stretchers, which is expected to drive the Latin America hospital stretchers market growth in the forecast period.

Latin American countries are experiencing an increased demand for hospital stretchers due to factors such as the high prevalence of chronic diseases and a substantial rise in the aging and bariatric population, resulting in more patients requiring medical care. In October 2023, the Brazilian Institute of Geography and Statistics (IBGE) revealed that the proportion of Brazilians aged 65 or above has risen to 10.9% in 2022. Additionally, the 2023 United Nations report states that the obesity and overweight rates in Latin American and Caribbean countries have tripled in the last 50 years. Thus, the growing volume of aging and obese patients is anticipated to boost the Latin America hospital stretchers market demand in the coming years.

The market share is also impacted by the rising healthcare expenditure in the region. For instance, a study published in Cureus in May 2023 reported that per capita healthcare spending in Brazil is projected to increase from USD 848 in 2020 to USD 1165 by 2030. Moroever, the Brazilian government is actively investing in improving healthcare infrastructure including hospitals, clinics, and emergency care facilities, and expanding access to healthcare services, especially in underserved areas. Such developments are likely to augment the adoption of technologically advanced hospital stretchers such as motorized stretchers or specialty stretchers with integrated monitoring capabilities in healthcare settings, thereby elevating the market value.

Latin America Hospital Stretchers Market Segmentation

The report offers a detailed analysis of the market based on the following segments:

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

• Brazil
• Argentina
• Mexico
• Others

Leading Players in the Latin America Hospital Stretchers Market

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
• Hillrom & Welch Allyn
• Paramount Bed Co., Ltd.
• Invacare Corporation
• Gendron Inc.
• Fazzini S.r.l.
• Medline Industries, Inc.
• Arjo
• Royax
• Ferno

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

FAQs

What is the Latin America hospital stretchers market forecast outlook for 2024-2032?
The Latin America 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 Latin America hospital stretchers market demand?
The high prevalence of chronic diseases and a substantial rise in the aging and bariatric population is fuelling the demand for the market.

What are the major Latin America hospital stretchers market trends?
One of the significant trends in the market is the rising healthcare expenditures by the government and private healthcare providers to upgrade medical facilities. For instance, a study published in Cureus in May 2023 reported that per capita healthcare spending in Brazil is projected to increase from USD 848 in 2020 to USD 1165 by 2030.

What is the market segmentation based on product type?
Based on the product type, the market is segmented into adjustable stretchers, fixed height stretchers, bariatric stretchers, and radiographic stretchers, among others.

What is the market breakup by technology?
By technology, the market is divided into motorized stretchers and non-motorized Stretchers.

What are the applications of hospital stretchers?
Major applications of hospital stretchers include intra-hospital, pediatric care, emergency department, radiology department, and other applications.

What is the market segmentation by countries?
The market segmentation by countries includes Brazil, Argentina, and Mexico, among others.

Who are the key players involved in the Latin America hospital stretchers market?
The key players in the market are Stryker, Hillrom & Welch Allyn, Paramount Bed Co., Ltd., Invacare Corporation, Gendron Inc., Fazzini S.r.l., Medline Industries, Inc., Arjo, Royax, and Ferno.


This product will be delivered within 5-7 business days.