Ambulance Stretchers Market
Number of pages: 100 | Report Format: PDF | Published date: April 03, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 721 million |
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Revenue Forecast in 2031 |
US$ 974 million |
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CAGR |
3.4% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023-2031 |
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Historical Year |
2021 |
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Segments Covered |
Product, Technology, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global ambulance stretchers market was valued at US$ 721 million in 2022 and is expected to register a revenue CAGR of 3.4% to reach US$ 974 million by 2031.
Ambulance Stretchers Market Fundamentals
An ambulance stretcher is a medical device to transport patients who cannot move or walk independently due to injury, illness, or other medical conditions. It is designed to provide a safe and comfortable way to transport patients from one location to another, such as from a home to a hospital or between medical facilities. Ambulance stretchers typically consist of a flat, rigid frame made of metal or plastic, with a mattress or padding to provide comfort to the patient. They may also include side rails or straps to help secure the patient during transport and to prevent them from falling off the stretcher. Many ambulance stretchers are also designed to be collapsible or foldable, allowing them to be stored more easily when not in use.
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Ambulance Stretchers Market Dynamics
The growing demand for EMS services worldwide is a significant driver of market revenue growth of the ambulance stretcher. As emergency calls and patient transports increase, the need for high-quality ambulance stretchers that provide safe and comfortable transportation also increases. Technological advancements in ambulance stretchers are proving advantageous, especially with the introduction of powered stretchers with advanced features such as integrated monitoring systems and adjustable height. These developments enhance patient safety and comfort during transportation and empower EMS personnel to offer more efficient and effective care. The growing geriatric population has resulted in a rise in chronic health conditions and an increased demand for medical transportation services, boosting the market revenue growth of ambulance stretchers.
Consequently, there is an increasing need for specialized ambulance stretchers that can cater to the requirements of elderly patients suffering from mobility issues or chronic disorders. Moreover, road accidents remain a significant cause of injury and fatality, resulting in a surge in demand for emergency medical services, fueling the revenue growth of the ambulance stretchers market. According to the WHO, approximately 1.3 million people die yearly due to road traffic accidents, and between 20 and 30 million people suffer from non-fatal injuries in road accidents worldwide yearly.
Ambulance stretchers are increasingly integrated with other ambulance technology, such as patient monitoring systems and electronic patient care reporting (ePCR) systems. This integration enables EMS personnel to provide more comprehensive patient care during transport.
The global ambulance stretcher market revenue is steadily grown in recent years, owing to rising demand for emergency medical services, an aging population, and technological advancements in stretcher design and functionality. As a result of an increase in patient admissions at hospitals and healthcare facilities, the COVID-19 pandemic has also increased the demand for ambulance stretchers.
Based on region, North America currently accounts for the largest market revenue share for ambulance stretchers, followed by Europe and Asia Pacific. The market is highly competitive, with several major players competing based on product quality, innovation, pricing, and distribution network. Major ambulance stretcher market players include Stryker Corporation, Hill-Rom Holdings, Inc., Spencer Italia S.r.l., and Ferno-Washington, Inc. These companies compete based on product quality, innovation, pricing, and distribution network.
However, the high cost related to ambulance stretchers is restricting the revenue growth of the ambulance stretcher market. The ambulance stretchers market is competitive, with many established players and new entrants vying for market share, hindering the growth of the ambulance stretchers market.
Ambulance Stretchers Market Ecosystem
The global ambulance stretchers market is analyzed from four perspectives: product, technology, end-user, and region.
Ambulance Stretchers Market by Product
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Based on the product, the global ambulance stretchers market is segmented into transport stretchers and emergency stretchers.
The transport stretchers segment dominates the global ambulance stretchers market with the largest revenue share. The transport stretchers are highly sought after due to their versatility and flexibility, enabling them to be utilized for various patient transport situations, from the ambulance to the hospital or within hospital departments. Additionally, these stretchers are lightweight and portable, making them easy to maneuver and transport, resulting in efficient and effective patient care, contributing to the segment's revenue growth. They are also built to withstand frequent use, providing a cost-effective and durable long-term investment for healthcare facilities. Moreover, transport stretchers are more economical than other stretcher types, making them a preferred choice for healthcare facilities or ambulance services that operate within a limited budget. With numerous manufacturers and suppliers, healthcare providers can readily find a transport stretcher that fits their unique requirements.
Ambulance Stretchers Market by Technology
Based on technology, the global ambulance stretchers market is segmented into manual stretchers, electric-powered stretchers, and pneumatic stretchers.
The manual stretchers segment accounts for a significant revenue share of the ambulance stretchers market. Manual stretchers are a popular choice among healthcare providers due to their affordability, making them an excellent option for smaller healthcare facilities or ambulance services with limited budgets. Additionally, they are simple to use, without complicated controls or electricity, which is beneficial in emergencies where time is critical. These stretchers are built to be durable and can withstand frequent use, which makes them a cost-effective long-term investment for healthcare facilities. Furthermore, manual stretchers are often lightweight and portable, making them easy to transport and maneuver, even in tight spaces, and potentially boosting the segment's revenue share. Several manufacturers and suppliers of manual stretchers are in the market, providing healthcare providers with a broad range of options based on their unique requirements.
The electric-powered stretchers are expected to account for lucrative revenue growth during the forecast period. Electric-powered stretchers are more user-friendly, reducing the physical strain on healthcare workers and improving patient safety. Moreover, they offer various comfort features, such as adjustable height, angle, and cushioning, which can enhance patient comfort during transportation. Additionally, electric-powered stretchers are quicker and more efficient, reducing transfer time and allowing healthcare providers to focus more on patient care. Technological advancement has increased the popularity of electric-powered stretchers, with features like automatic locking systems, a patient weighing scales, and integrated patient monitoring systems, improving patient transport's safety and efficiency. The rising demand for efficient and comfortable patient transportation, driven by an increasing elderly population, rising prevalence of chronic diseases, and a growing number of emergencies, contributes to the revenue growth of the electric-powered stretchers segment.
Ambulance Stretchers Market by End User
Based on the end user, the global Ambulance Stretchers market is segmented into hospitals, EMS service providers, ambulatory service centers, and others.
The hospital's segment accounts for a prominent Ambulance Stretchers market revenue share. Hospitals cater to many patients, both in-patients and out-patients, leading to a high demand for ambulance stretchers. Additionally, hospitals provide a wide range of medical services, such as emergency care, surgery, diagnostic imaging, and rehabilitation, which require ambulance stretchers for patient transportation. As patient safety and comfort are paramount, hospitals require ambulance stretchers that meet high-quality standards. Furthermore, hospitals have a larger budget allocation for healthcare equipment procurement, enabling them to invest in high-end ambulance stretchers. The increasing healthcare infrastructure, with a rise in the number of hospitals and healthcare facilities, is fueling the demand and revenue growth of the hospital segment.
The EMS service providers segment is expected to experience an effective revenue growth rate during the forecast periods. The increasing incidence of accidents and emergencies drives the demand for EMS services and the need for ambulance stretchers. Additionally, many governments are investing in developing emergency medical services infrastructure, further driving the revenue growth of the EMS service providers segment. EMS providers are also adopting new technologies to provide better and more efficient emergency care, including advanced ambulance stretchers. The general public also has growing awareness about the importance of timely medical assistance, leading to an increase in demand for EMS services and ambulance stretchers. With the increasing elderly population, there is a higher likelihood of health emergencies, resulting in an increased demand for EMS services and ambulance stretchers.
Ambulance Stretchers Market by Region
Based on region, the global ambulance stretchers market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North American region dominated the ambulance stretchers market with the largest revenue share in 2022. The healthcare system in North America is well-developed, with many hospitals, clinics, and emergency medical service providers. As a result, there is a greater need for ambulance stretchers because more patients are being moved within the region. Because of the region's high technological advancement, more sophisticated and creative ambulance stretchers have been created. The demand for these modern stretchers among healthcare professionals is high since they give superior patient comfort and safety features.
Moreover, with the region's substantial healthcare spending, medical facilities can purchase premium ambulance stretchers. Because of this, there is a greater need for more expensive, higher-end stretchers. As a result of the region's large and aging population, chronic diseases and medical emergencies are more likely to occur. As a result, there is an increase in demand for medical supplies such as ambulance stretchers.
Competitive Landscape of Ambulance Stretchers Market
The prominent players operating in the global ambulance stretchers market are:
Strategic Developments in Ambulance Stretchers Market
The expected total market size of the global ambulance stretchers market in 2031 is US$ 974 million.
During the forecast period, the revenue CAGR of the global Ambulance stretchers market is expected to be 3.4%.
The prominent players operating in the global ambulance stretchers market are Stryker Corporation, Hill-Rom Services Inc., Spencer Italia S.r.l, Ferno-Washington, Inc., and Medline Industries, Inc.
North America accounts for the largest market revenue share in terms of revenue. Asia Pacific accounts for the fastest revenue growth rate, which can be considered the key growth region due to the rapid market developments.
The hospital's segment leads the global ambulance stretchers market with the largest revenue share.
*Insights on financial performance are subject to the availability of information in the public domain