Status : Published Published On : Jan, 2020 Report Code : VRHC1218 Industry : Healthcare Available Format : Page : 140

Global Ambulance Stretchers Market - Analysis and Forecast (2019-2024)

Analysis and Forecast (2018-2024) - Industry Insights by Product Type (Emergency Stretcher, Transportable Stretcher), by Technology (Manual, Electric Powered, Pneumatic), by End User (Hospital & Clinic, Ambulatory Surgical Centers, Emergency Service Provider)

Industry Overview

The global ambulance stretchers market was valued at USD 640.0 million in 2018. The global ambulance stretchers market is growing at a significant rate, due to increasing accidental cases, mounting prevalence of cardiovascular diseases, and surge healthcare expenditure. Different types such as into emergency stretchers and transportable stretchers contributed to the ambulance stretchers market size. The market has witnessed a high demand for transportable stretchers in the coming years due to schemes undertaken by major players for the introduction of technologically advanced products.

Ambulance Stretchers Market Highlights

Market Segmentation

Insight by Product Type

On the basis of product type, the market is subdivided into emergency stretchers and transportable stretchers. Of all product types, the emergency stretcher segment is expected to grow at a faster rate in the market, owing to the escalating number of road accidents. 

In addition, the transportable stretchers segment accounted for the larger share in the market, owing to the mounting prevalence of cardiovascular diseases, escalating bariatric and geriatric population, and surge in medical tourism. Moreover, the segment is expected to perceive substantial growth owing to the launch of technologically advanced products such as pneumatic stretchers and hydraulic transport stretchers.

Insight by Technology

On the basis of technology, the market is subdivided into pneumatic, manual, and electric powered. Of all the technologies, the manual accounted for a foremost share in the ambulance stretchers market, owing to the existence of various products offered by the major players in the market and the characteristics of the stretchers such as lightweight and easy to carry in the remote location.

Moreover, of all technologies, the electrical segment is expected to grow at the fastest rate in the market, owing to mounting investment by major players in the innovation and launch of technologically advanced products.

Insight by End User

On the basis of end-user, the market is subdivided into hospitals and clinics, ambulatory surgical centers and emergency service providers. Of all the end-users, the hospitals and clinics accounted for a foremost share in the ambulance stretchers market, owing to the surge in the number of bariatric population, escalating prevalence of the cardiovascular disorder, and surge in patient volume in hospitals.

Industry Dynamics

Growth Drivers

The increasing trauma and accidental cases, escalating geriatric population, a surge in medical tourism, increasing healthcare expenditure, a surge in alertness among the general public about emergency services, and improving healthcare infrastructure in developing countries are the primary growth drivers for the ambulance stretchers market. 

An upsurge in sports injury, surge government schemes to enhance healthcare infrastructure, promising reimbursement scenario, and an upsurge in injury at the workplace is also facilitating the growth for the ambulance stretchers market. Mounting prevalence of cardiovascular diseases and the bariatric population is propelling the growth of the ambulance stretchers market. For instance, according to WHO in 2016 approximately 17.9 million people died from cardiovascular diseases, globally.

Restraints

Lack of skilled professionals and elevated cost of ambulance services are the major restraints for the growth of the global ambulance stretchers market.

Opportunities

The technological advancement in new transportable stretchers is the opportunity for the global ambulance stretchers market.

Geographic Overview

Geographically, North America is the largest ambulance stretcher market as in the region, owing to the presence of a large number of key players, promising reimbursement scenario, and escalating geriatric population. In addition, a surge in the prevalence of cardiovascular diseases and a mounting need for high-quality healthcare services are also up surging the growth of the North American ambulance stretchers market.

Asia-Pacific is observed to witness the fastest growth in the market, due to the surge in medical tourism, a surge in road traffic accidents, and increasing healthcare expenditure. In addition, a surge in the geriatric population and improving healthcare infrastructure are also creating a positive impact on the ambulance stretchers market growth in the region. 

Competitive Insight

Key players in the ambulance stretchers market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In November 2018, Ontario signed an agreement with HeliMod, for the equipment of an improved stretcher system in the Ornge fleet of AW139 helicopters. Hill-Rom Holdings, Inc., Getting Group, Stryker Corporation, Omega Surgical Industries, Dragon Industry (ZJG) Co., Ltd., Medline Medical Equipment, Inc., Fu Shun Hsing Technology Co., Ltd., Zhangjiagang New Fellow Med Co., Ltd., and Ferno-Washington, Inc. are the key players offering ambulance stretchers.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry include CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end-user surveys comprising of consumers are also conducted to understand consumer behavior.

Ambulance Stretchers Market Size

Source: VynZ Research

Ambulance Stretchers Market Analysis

Source: VynZ Research

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle
Ambulance Stretchers Market