Rising Number of Road Accident to Boost Hospital Stretchers Market Growth


Hospital Stretcher Market by Product Type (Fixed Hight Stretchers, Adjustable Stretchers, Bariatric Stretchers, and Other Product Types), Technology (Motorized Stretchers, Non-Motorized Stretchers), Application (Intra-Hospital, Pediatric Care, Emergency Department, Radiology Department, and Other Applications), and Geography (North America, Europe, Asia-Pacific, and Rest of the World) Size, Share, Outlook, and Opportunity Analysis, 2023-2030

According to Coherent Market Insights the Hospital Stretchers Market Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028. As highlighted in a new report published by Coherent Market Insights.

Market Overview:

Hospital Stretchers are precarious devices employed in healthcare centers and operation rooms. They are usually ignored, however they need daily sterilization to assure their working and protection for individuals. The increasing elderly populace and the rising number of chronic disorders are leading to the rise of hospital stretchers. The individuals are joined to healthcare centers very often compared younger individuals and may need additional stays in the clinics.

Competitive Landscape:

Key players involved in the growth of global hospital stretchers market are Invacare Corporation, Stryker Corporation, Baxter International Inc., Medline Industries Inc., Hill Rom Holdings Inc., Carl Bennet AB and Arjohuntleigh AB.

Market Key Drivers:

Rising number of road accident cases and spot deaths is expected to augment the growth of the global hospital stretchers market. For instance, as per WHO, over 1.35 million individuals die in road accidents annually.

The rise in geriatric population is known to be admitted in the hospitals compared to young people is projected to propel the growth of global hospital stretchers market. For instance, as per WHO, the geriatric population aged above 65 years is expected to increase from 1 billion in 2020 to 1.4 billion in 2030.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of global hospital stretches market due to the rise in pandemic cases. The surge in pandemic cases has led to the shortage of stretchers in hospitals. The lack of healthcare providers and medical staff has decreased the hospital visits and there was a delay in treatment of other diseases. All these factors impeded the market growth.

Key Takeaways:

The global hospital stretches market is anticipated to exhibit a CAGR of 5.8 % during the forecast period due to rise in bariatric stretches to transfer obese people. For instance, in March 2022, the NCMP observed that 14.4% of 4 to 5 years aged children were suffering from obesity.

Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the global hospital stretches market due to rising prevalence of diseases, road accidents, and rising investments in healthcare and increasing mergers and acquisitions and the rise in geriatric people. For instance, as per US Census Bureau, there are around 52 million elders who are aged above 65 years and the count is projected to increase and reach up to 95 million by 2060.

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