Stretcher Market Trends and Forecast
Lucintel finds, the future of the global stretcher market looks promising with opportunities in the segments of hospital, clinic and ambulance facilities. The global stretcher market is expected to reach an estimated $4 billion by 2030 and is forecast to grow at a CAGR of 5% from 2024 to 2030. The major growth drivers for this market are increasing number of hospitals and ambulance facilities, increasing number of patients with disabilities, accidents, chronic diseases, and the growing geriatric population.
Stretcher construction typically involves a combination of materials to ensure strength, durability, and patient comfort. Stretcher frames are often made from lightweight metals such as aluminum or stainless steel, providing structural integrity and ease of maneuverability. The surface of the stretcher is typically upholstered with durable materials such as fabric or vinyl, which are easy to clean, resistant to fluids, and comfortable for the patient. Stretcher mobility is facilitated by wheels and casters made from materials such as rubber or plastic, designed for smooth movement and stability. Components for height adjustment and backrest positioning may include mechanisms made from metals or durable plastics, ensuring flexibility in patient positioning and ergonomic handling for healthcare providers. The price of stretchers can vary based on the type, features, and materials used. Competition in the stretcher market has driven manufacturers to offer competitive pricing strategies, including rental options and bundled service packages that may affect overall costs.
• Lucintel forecasts that adjustable stretchers are expected to witness significant growth over the forecast period.
• Within the global stretcher market motorized stretchers and non-motorized stretchers are the major technology types. The non-motorized stretcher segment is expected to dominate over the forecast period, as they are highly affordable and do not require skilled caregivers to handle patients as is the case with motorized stretchers.
• North America is expected to remain the largest market over the forecast period because of its well-developed healthcare infrastructure.
Country wise Outlook for the Stretcher Market
Below image highlights recent developments by major stretcher producers in key regions: the USA, China, India, Germany, and Brazil.
Emerging Trends in the Stretcher Market
Emerging trends in the stretcher market shaping its future applications and market dynamics:
• Technological Integration: Increasing integration of technology such as electronic controls for height adjustment, automated positioning, and patient monitoring systems directly on stretchers to enhance efficiency and patient care.
• Lightweight and Ergonomic Design: Demand for lighter weight materials and ergonomic designs to improve maneuverability and reduce strain on healthcare providers during patient transport.
• Modular and Customizable Features: Growing interest in modular stretchers that allow customization with add-on features such as IV poles, oxygen tank holders, and patient comfort accessories, adapting to diverse healthcare needs.
• Infection Control Measures: Focus on materials and designs that facilitate easy cleaning and disinfection, reducing the risk of healthcare-associated infections (HAIs).
• Sustainability: Increasing emphasis on environmentally friendly materials and manufacturing practices in stretcher production, aligning with broader healthcare industry trends towards sustainability and reduced carbon footprint.
A more than report to help in your business decisions. A sample figure with insights is shown below.
Recent Developments in the Stretcher Market
Recent developments in stretcher market which highlights ongoing innovations and advancements across different sectors:
• Technological Innovations: Introduction of advanced stretcher models equipped with electronic height adjustment, automated loading systems, and integrated patient monitoring devices, enhancing patient safety and caregiver efficiency.
• Lightweight Materials: Use of lightweight yet durable materials such as aluminum and high-strength plastics to create more maneuverable and easy-to-use stretchers, improving transport efficiency and reducing caregiver strain.
• Modular and Versatile Designs: Development of modular stretcher systems that can be easily adapted for various medical scenarios, including emergency, bariatric, and pediatric care, increasing their utility and flexibility in different healthcare settings.
• Focus on Infection Control: Incorporation of antimicrobial coatings and easy-to-clean surfaces to help prevent the spread of infections in healthcare environments, addressing growing concerns about hospital-acquired infections.
• Enhanced Ergonomics: Ergonomically designed stretchers with improved cushioning, adjustable backrests, and better support features to enhance patient comfort and reduce the risk of pressure ulcers during transport.
• Smart Technologies: Integration of smart technologies such as GPS tracking, digital documentation, and connectivity with hospital systems to streamline patient transfers and improve logistical coordination.
Strategic Growth Opportunities for Stretcher Market
By taking advantage of these strategic growth opportunities, the stretcher market can realize its full potential and transform numerous industries through strength, lightness, versatility.
Stretcher Market Driver and Challenges
Stretcher market plays a pivotal role across the healthcare industry, driving innovation and improving health outcomes globally. However, challenges such as production costs underscore the need for strategic solutions to sustain growth and innovation in the stretcher.
The key drivers for the stretcher market include:
1. Increasing Healthcare Expenditure: Rising healthcare spending globally supports the adoption of advanced medical equipment, including modern stretchers, to improve patient care and operational efficiency.
2. Growing Aging Population: An aging population leads to higher rates of chronic diseases and medical emergencies, increasing the demand for efficient and comfortable patient transport solutions.
3. Technological Advancements: Continuous innovation in stretcher design, including features like electronic height adjustment, automated loading systems, and integrated monitoring devices, enhances patient safety and caregiver efficiency, driving market growth.
4. Focus on Patient Safety and Comfort: Increasing emphasis on improving patient safety and comfort during transport has led to the development of ergonomically designed stretchers with enhanced cushioning, adjustable backrests, and better support features.
5. Rising Incidence of Medical Emergencies: The growing prevalence of accidents, natural disasters, and medical emergencies increases the need for reliable and efficient patient transport solutions, boosting demand for advanced stretchers.
6. Hospital Infrastructure Development: Expansion and modernization of hospital infrastructure, particularly in emerging markets, drive the demand for updated and efficient patient transport equipment, including stretchers.
The challenges facing the stretcher market include:
Concerns about the security and privacy of personal health data collected by wearable devices still pose a significant challenge. For this reason, regulatory compliance and robust cybersecurity measures are needed.
1. High Costs: Advanced stretchers with modern features and technology can be expensive, making it difficult for smaller healthcare facilities and those in developing regions to afford them.
2. Regulatory Compliance: Navigating complex and varying regulatory requirements across different regions can delay product launches and increase compliance costs for manufacturers.
3. Technological Integration: Incorporating new technologies into stretcher designs, such as electronic systems and smart technologies, can be technically challenging and require significant investment in research and development.
4. Market Competition: Intense competition among established and emerging players can lead to price pressures and reduced profit margins, making it challenging to sustain market growth.
The stretcher market is experiencing a surge in demand driven by increasing number of hospitals and ambulance facilities, increasing number of patients with disabilities, accidents, chronic diseases, and the growing geriatric population.
Stretcher Suppliers and their Market Shares
In this globally competitive market, several key players such as Stryker Corporation, Baxter International, Fu Shun Hsing Technology, Medline Medical Equipment, Getinge Group, etc. dominate the market and contribute to industry’s growth and innovation. These players capture maximum market share. To know the current market share of each of major players contact us.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, stretcher companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the stretcher market companies profiled in this report include-
• Stryker Corporation
• Baxter International
• Fu Shun Hsing Technology Co. Ltd.
• Medline Medical Equipment, Inc.
• Getinge Group
These companies have established themselves as leaders in the stretcher market, with extensive product portfolios, global presence, and strong research and development capabilities. They continually strive to enhance their market positions through strategic partnerships, mergers and acquisitions, and product innovations. The market share dynamics within the stretcher market are evolving, with the entry of new players and the emergence of innovative stretcher. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities.
Stretcher Market by Segment
Major segments of the stretcher market experiencing growth include emergency stretchers, driven by rising incidences of accidents and medical emergencies; ambulance stretchers, supported by expanding emergency medical response systems; bariatric stretchers, due to the increasing prevalence of obesity; military stretchers, fueled by higher defense budgets and the need for efficient casualty evacuation; and pediatric stretchers, as healthcare providers seek specialized equipment for safely transporting infants and children.
This stretcher market report provides a comprehensive analysis of the market's current trends, growth drivers, challenges, and future prospects in all major segments like above. It covers various segments, including product type, technology, end user, and application. The report offers insights into regional dynamics, highlighting the major markets for stretcher and their growth potentials. The study includes trends and forecast for the global stretcher market by product type, technology, end user, application and region as follows:
Stretcher Market by Product Type [Value ($ Million) from 2018 to 2030]:
• Fixed Stretchers
• Adjustable Stretchers
• Stretcher Chair
Stretcher Market by Technology [Value ($ Million) from 2018 to 2030]:
• Non-Motorized Stretchers
• Motorized Stretchers
Stretcher Market by Application [Value ($ Million) from 2018 to 2030]:
• Emergency and Transport Stretchers
• Pediatric Stretchers
• Radiology Stretchers
• Bariatric Stretchers
• Procedural Stretchers
• OB/GYN (Obstetrics and Gynecology) Stretchers
Stretcher Market By End User [Value ($ Million) from 2018 to 2030]:
• Hospital
• Clinic and Ambulance Facilities
Stretcher Market by Region [Value ($ million) from 2018 to 2030]:
• North America
o United States
o Canada
o Mexico
• Europe
o Germany
o United Kingdom
o Italy
o Spain
• APAC
o China
o India
o Japan
• ROW
o Brazil
Features of the Stretcher Market
• Market Size Estimates: Stretcher market size estimation in terms of value ($M).
• Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
• Segmentation Analysis: Stretcher market size by various segments, such as product type, technology type, application, and end user.
• Regional Analysis: Stretcher market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different product type, technology type, application, end user, and regions for stretcher market.
• Strategic Analysis: This includes M&A and competitive landscape for the stretcher.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in stretcher or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the stretcher market size?
Answer: The global stretcher market is expected to reach an estimated $4 billion by 2030.
Q2. What is the growth forecast for stretcher market?
Answer: The stretcher market is expected to grow at a CAGR of 6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the stretcher market?
Answer: The major growth drivers for this market are increasing number of hospitals and ambulance facilities, increasing number of patients with disabilities, accidents, chronic diseases, and the growing geriatric population.
Q4. What are the major applications or end use industries for stretcher?
Answer: Hospital and clinic & ambulance facilities are the major end users for stretcher
Q5. What are the emerging trends in stretcher market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include use of lightweight yet durable materials such as aluminum and high-strength plastics to create more maneuverable and easy-to-use stretchers, improving transport efficiency and reducing caregiver strain.
Q6. Who are the key stretcher companies?
Answer: Some of the key stretcher companies are as follows:
• Stryker Corporation
• Baxter International
• Fu Shun Hsing Technology Co. Ltd.
• Medline Medical Equipment, Inc.
• Getinge Group
Q7.Which stretcher product segment will be the largest in future?
Answer: Lucintel forecasts that adjustable stretchers are expected to witness significant growth over the forecast period.
Q8: In stretcher market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region in next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the medical device market product (fixed stretchers, adjustable stretchers, and stretcher chairs), technology (non-motorized stretchers and motorized stretchers), application (emergency and transport stretchers, pediatric stretchers, radiology stretchers, bariatric stretchers, procedural stretchers, and OB/GYN (obstetrics and gynecology) stretchers), end user (hospital and clinic and ambulance facilities), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the stretcher market?
Q.5 What are the business risks and threats to the stretcher market?
Q.6 What are emerging trends in this stretcher market and the reasons behind them?
Q.7 What are some changing demands of customers in the stretcher market?
Q.8 What are the new developments in the stretcher market? Which companies are leading these developments?
Q.9 Who are the major players in the stretcher market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the stretcher market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the stretcher market?
For any questions related to stretcher market or related to stretcher market share, stretcher market analysis, and stretcher market size, write to Lucintel analysts at helpdesk@lucintel.com. We will be glad to get back to you soon.