The global hospital stretchers market size is expected to reach USD 4.50 billion by 2032, according to a new study by Polaris Market Research. The report “Hospital Stretchers Market Share, Size, Trends, Industry Analysis Report, By Product Type (Fixed Height, Bariatric, Adjustable Height, Radiographic); By Technology; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising prevalence of chronic illnesses such as cancer, neurological disorders, and chronic obstructive pulmonary disease (COPD), particularly among the aging population, is boosting the market growth. Also, more people would need emergency medical services and medical help due to the rising incidence of fatalities and traffic accidents.
In addition, the increased use of bariatric stretchers, which include larger wheels, broader frames, winch attachments, and pull and push handles for the safe transfer of obese patients, is contributing to the market's expansion. Apart from that, the rising number of traffic accidents requiring immediate medical attention, as well as a considerable increase in healthcare infrastructure, are expected to propel the market forward.
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The large senior population worldwide, which has a weakened immune system and is more prone to chronic diseases, will be the market's main driver. The WHO predicts that there will be 2 billion people in the world who are 60 years of age or older by the year 2050. Furthermore, by 2050, low- to middle-income countries will be home to 80% of the world's old population. Additionally, the World Bank predicts that by the year 2050, there will be twice as many persons over 65 worldwide as there were in 2020, or around 727 million people.
Also, more people would need emergency medical services and medical help due to the rising incidence of fatalities and traffic accidents. These traffic accident victims require emergency medical care as well as ambulance assistance to bring them to hospitals. Patients who have been traumatized or injured are frequently handled in a stretcher that has attachments such as a footboard, shoulder harness, lifting harness, wrist rest, toe clamp, lifting bridles, and floating accessories.
Hospital Stretchers Market Report Highlights
Polaris Market Research has segmented the hospital stretchers market report based on product type, technology, application, and region:
Hospital Stretchers, Product Type Outlook (Revenue, USD Billion, 2019 - 2032)
Hospital Stretchers, Technology Type Outlook (Revenue, USD Billion, 2019 - 2032)
Hospital Stretchers, Application Outlook (Revenue, USD Billion, 2019 - 2032)
Hospital Stretchers, Regional Outlook (Revenue - USD Billion, 2019 - 2032)