Data Bridge Market Research recently completed an extensive market intelligence study, conducting a thorough analysis of the Stretchers Market. The newly released report showcases an appealing layout, effectively presenting crucial data through visually engaging tables, graphs, charts, and figures.

This Stretchers market report provides a comprehensive background analysis of the industry, including an assessment of the parental market. It offers estimations on market status, share, growth rates, future trends, drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors, and incorporates Porter's Five Forces Analysis. This global report identifies and analyzes emerging trends, major drivers, challenges, and opportunities within the Stretchers industry, considering vendors, geographical regions, types, and applications. Both inhibitors and motivators of the market are thoroughly studied in quantitative and qualitative manners, ensuring users access precise information.

The report on the Stretchers market elucidates market definitions, classifications, applications, engagements, and trends within the industry. Moreover, it provides insights into market drivers and restraints, offering an understanding of fluctuations in consumer demand based on various factors. This global Stretchers market report evaluates industry capabilities across geographical regions, considering customer purchasing patterns, macroeconomic parameters, development rates, market demand, and supply dynamics. Furthermore, it assesses the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market landscape.

 

Data Bridge Market Research analyses the stretcher market growth. The expected CAGR of stretchers market is tend to be around 4.90% in the mentioned forecast period. The market was valued at USD 732.07 million in 2021, and it would grow upto USD 1073.39 million by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The stretchers market is expected to witness significant growth during the forecast period attributed to expanding progress in delivering emergency care services by hospitals and emergency care centers. In addition, technological assessment in ambulance stretchers, such as manual or hydraulic stretchers, is obtaining higher momentum in hospitals and clinics. After the COVID-19 pandemic, there has been a higher demand for medical supplies to maintain and take care of infected populations properly. It is growing and providing the growing opportunity in clinics, hospitals, and ambulance facilities.

Key Growth Drivers:

  • Increased Prevalence of Medical Conditions

The presence of a large population pool over the last 60 years, which generally has a lower immunity level and is more susceptible to multiple medical conditions such as neurological diseases, cardiac problems, cancer, and spinal injuries, is expected to be a high impact rendering driver for growth of stretchers market.

  • Rising Elderly Population

According to the World Health Organization, the number of individuals aged 65 and more is expected to rise from an estimated 524 million in 2010 to nearly 1.5 billion in 2050. Arthritis, heart attacks, strokes, osteoporosis, and obesity are all very common in the older population. Patients with severe illnesses may require both emergency and non-emergency ambulance services. As a result, the stretcher market is expected to rise as the senior population grows.

The report outlines the involvement of key players, including:

  • Stryker (U.S.)
  • Hill-Rom Services Inc. (U.S.)
  • Medline Industries, Inc. (U.S.)
  • Narang Medical Limited (India)
  • MAC Medical, Inc., (U.S.)

Key Market Segmentation

Product (Fixed Stretchers, Adjustable Stretchers, Stretcher Chairs), Technology (Non-Motorized Stretchers, Motorized Stretchers), Application (Emergency and Transport Stretchers, Pediatric Stretchers, Radiology Stretchers, Bariatric Stretcher, Procedural Stretchers, OB/GYN (Obstetrics and Gynecology) Stretchers), End-Use (Hospital and Clinic, Ambulance Facilities)

 

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