The global Hospital Stretchers Market size is expected to reach USD 3.60 billion by 2028, registering a CAGR of 5.7% over the forecast period, according to a new report by Grand View Research, Inc. An increasing number of daycare surgeries, a rising number of road accidents & trauma cases, and increasing cases of COVID-19 are some of the key factors driving the growth of this market.
Hospital stretchers have a well-established market
across the globe, as they are a basic necessity for any healthcare facility. An
upsurge in the number of ambulance facilities is projected to stimulate market
growth. Large-scale hospital facilities require intra-hospital transport for
patients, this, in turn, creates a highly favorable environment for market
growth. Furthermore, the rapid growth of the global healthcare sector is
contributing to the increasing product demand. As per the WHO report 2020,
global healthcare expenditure reached USD 8.3 trillion or 10% of global GDP in 2018.
In addition, the COVID-19 pandemic has led to a rise
in demand for ambulance services. Therefore, the introduction of novel
transport ambulances for better accessibility will stimulate market growth. For
instance, in February 2021, Ford announced plans to re-establish its presence
in the U.K. ambulance market, with an inventive novel Transit ambulance, under
project Siren. It is intended to enhance patient treatment and ease of use for
paramedics. Such developments will accelerate market growth.
Related Press Release@ Hospital Stretchers Market Report
Hospital Stretchers Market Report
Highlights
- In terms of product type, the bariatric segment accounted for the
largest revenue share in 2020 due to the increased cases of obesity
- The motorized technology type segment held the largest revenue
share of the global market in 2020
- This growth was credited to the high investments by key players to
launch cutting-edge and innovative products in this segment
- Emergency/trauma application was the largest segment in 2020 and
will expand further at a steady CAGR from 2021 to 2028 owing to the
increasing cases of road accidents and workplace injuries
- North America was the largest regional market in 2020 owing to the
increased prevalence of chronic diseases and high aging population
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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