Hospital Stretchers Global Market Report 2024

The hospital stretchers market has grown strongly in recent years. It will grow from $2.76 billion in 2023 to $2.93 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The expansion observed during the historical period can be attributed to the evolution of design and ergonomics, the increase in healthcare facilities, a rise in patient volume, the emergence of specialized medical needs, and a heightened focus on safety and infection control.

The hospital stretchers market is expected to see strong growth in the next few years. It will grow to $3.75 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth in the forecast period can be attributed to the influence of global health emergencies, innovations in material science, a growing demand for emergency care solutions, the evolution of regulatory standards, and an increasing emphasis on customization and specialization. Key trends expected in the forecast period encompass a focus on education and training, the integration of telehealth, modularity and adaptability in design, the use of sustainability and eco-friendly materials, as well as enhancements in ergonomic features and maneuverability.

The anticipated increase in accidents is poised to drive the growth of the hospital stretchers market in the future. Accidents, characterized by unintended and unfortunate events resulting in harm, injury, or loss, contribute to a rising number of casualties, highlighting the crucial role of hospital stretchers in patient care. These stretchers are essential for transporting individuals from one location to another. For example, a report from the National Highway Traffic Safety Administration in January 2023 revealed that in the first nine months of 2022, 31,785 individuals lost their lives in car accidents. Fatalities increased in various scenarios, including rural interstates, collisions involving large vehicles, and incidents with bikers, reflecting an overall rise of 12% compared to the first half of 2021. Consequently, the growing number of accidents is a significant factor propelling the growth of the hospital stretchers market.

The increasing number of surgical procedures is expected to contribute to the expansion of the hospital stretchers market. Surgical procedures, involving medical interventions conducted by qualified professionals, necessitate the seamless transfer of patients through different stages of preoperative preparation, surgery, and postoperative recovery. Hospital stretchers play a crucial role in facilitating these processes. For instance, a report from the Aesthetic Society in April 2022 indicated a 54% increase in surgical procedures, with plastic surgeons performing an average of 320 surgeries in 2021. The average cost of a surgical procedure also saw a 6% rise in 2021. Thus, the growing prevalence of surgical procedures is driving the growth of the hospital stretchers market.

Major companies in the hospital stretchers market are focusing on innovative product development, introducing transportation stretchers to cater to diverse customer needs, increase sales, and boost revenue. Transportation stretchers are designed for secure and comfortable patient conveyance within healthcare facilities or during medical transport. For instance, in May 2022, L I N E T spol. s r.o., a Czech Republic-based manufacturer of hospital and nursing beds, launched the Sprint 200 emergency stretcher. This innovative stretcher prioritizes caregiver well-being through enhanced maneuverability and efficiency, backed by a track record of safety derived from extensive experience with a million care beds. Sprint 200 also features avant-garde design and materials, emphasizing innovation and high-performance durability in stretcher solutions.

Advanced technologies, such as smart stretchers, are another key trend gaining prominence in the hospital stretchers market. Smart stretchers incorporate advanced technology to enhance patient care, monitoring, and operational efficiency within healthcare settings. For instance, in October 2023, Stryker Corporation, a US-based medical technology company, introduced Prime Connect, a smart, connected hospital stretcher. Prime Connect is designed to bolster fall prevention protocols by incorporating visual and audible bed exit alarms. The stretcher enables seamless communication with hospital systems, wireless transmission of vital patient information, and integration with nurse call dome lights. This innovative capability streamlines workflows, facilitates on-the-go monitoring, and enhances overall patient care and safety.

In December 2021, Baxter International Inc., a US-based medical products and services company, acquired Hillrom for $156.00 billion. This strategic acquisition is expected to strengthen Baxter's position in the global medical technology market by expanding its portfolio of medical devices and equipment, including hospital stretchers. Hillrom, a US-based developer of hospital stretchers, complements Baxter's commitment to delivering innovative therapies and solutions for various medical conditions.

Major companies operating in the hospital stretchers market report are Stryker Corporation, TransMotion Medical Inc., Advanced Instrumentations Inc., Mac Medical Inc., Narang Medical Limited, ROYAX s.r.o., Anetic Aid Ltd., LINET Group SE, Fu Shun Hsing Technology Co. Ltd., Venture Medical Technologies Inc., Zhangjiagang Xiehe Medical Instrument Co. Ltd., Advin Healthcare Pty. Ltd., Narayan Enterprises Private Limited, Joson Care Enterprise Co. Ltd., Desco Medical Limited, Medline Industries Inc., Invacare Corporation, Baxter International Inc., Carl Bennet AB, Paramount Bed Holdings Co. Ltd., Stiegelmeyer GmbH & Co. KG, Joerns Healthcare LLC, Spencer S.p.A., Midmark Corporation, Howard Wright Limited, Getinge AB, FUJIFILM Holdings Corporation, Gendron Inc., GF Health Products Inc., Hill-Rom Holdings, Inc., Ferno-Washington, Inc., Givas Srl, Hidemar S.r.l., HOSPIMETAL S.A., Haelvoet NV, Famed Zywiec Sp. z o.o.

North America was the largest region in the hospital stretchers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global hospital stretchers market report during the forecast period. The regions covered in the hospital stretchers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hospital stretchers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary products in the hospital stretchers market include fixed height stretchers, adjustable stretchers, bariatric stretchers, and others. Bariatric stretchers are designed to accommodate larger patients during transport in ambulances and within hospital premises. These stretchers are adapted to support a weight of up to 300 kg. The technologies utilized in hospital stretchers encompass motorized and non-motorized variants, catering to various healthcare settings such as intra-hospital transport, pediatric care, emergency departments, radiology departments, and others.

The hospital stretchers market research report provides hospital stretchers market statistics, including hospital stretchers industry global market size, regional shares, competitors with a hospital stretchers market share, detailed hospital stretchers market segments, market trends and opportunities, and any further data you may need to thrive in hospital stretchers industry. This hospital stretchers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hospital stretchers market consists of sales of radiographic Stretchers, ambulance stretchers, portable stretchers, basket stretchers, spine board stretchers, and stair chair stretchers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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