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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Hospital stretcher is an apparatus used for moving patients who require medical care. Hospital stretcher have evolved in healthcare industry as a multipurpose device. These are still transforming to provide better comfort to patients and convenience and ease for caregivers. They are primarily used in acute hospital care situations such as in emergency, military, general medical services, and rescue services during accidents, also other than patient transportation, hospital stretchers are used as hospital bed, surgical platform and for inspection or examination desk. Most hospital stretchers are simple, lightweight, made of metal or other synthetic materials.

Hospital stretcher has a well-established market worldwide, as hospital stretcher is a basic necessity for any healthcare facilities. Increase in number of ambulance facilities is expected to support the market for hospital stretchers. Large hospital facilities need intra-hospital transport for patients, in turn creating a highly conducive environment for the hospital stretcher market, on the backdrop of burgeoning growth of the healthcare sector. Furthermore, motorized stretchers and hydraulic stretchers are also designed to reduce patient fall during transportation. However, the healthcare service providers face challenge in transporting bariatric patient so hospital stretcher is anticipated to grow rapidly due to rise in obese population.     

Hospital Stretchers Market Taxonomy

By Product Type

  • Fixed Height Hospital Stretchers
  • Adjustable Hospital Stretchers
  • Bariatric Hospital Stretchers
  • Radiographic Hospital Stretchers

By Application

  • Intra-Hospital
  • Emergency Department
  • Day Care Surgery Department
  • Pediatric Surgery Department
  • Radiology Department

By Technology

  • Motorized Hospital Stretchers
  • Non-motorized Hospital Stretchers

By End User

  • Hospital
  • Clinic
  • Ambulance Facilities

Rising number of bariatric patient expected to fuel the growth of hospital stretchers market in the near future:

Bariatric stretchers have been assumed as the fastest growing segment, due to increase in obese population. According to Centre for Diseases Control and Prevention (CDC), 34.9% of the population was obese and annual medical cost of obesity treatment was around US$ 147 billion in 2008. Worldwide bariatric procedures performed in 2013 was pegged at 468,609. Additionally, 40% of U.S. population was categorized as obese in 2015 as per an article published by Johns Hopkins Bloomberg School of Public Health. This inadvertently creates a highly conducive environment for growth of the bariatric hospital stretchers.

Furthermore, driving factors for hospital market as increase in number of road accidents, also increase in number of ambulance facilities according to WHO, around 1.25 million people die each year as a result of road traffic crashes. Additionally rising aged population is also expected to fuel the growth of hospital stretchers market in the near future, as aging population is associated to increases in hospitalization to 1.03 million in Hong Kong in 2012, according to International Journal of Health Policy and Management.

Regional growth engines of hospital stretchers market

Evolution of medical tourism industry in countries such as India, Thailand, and Singapore create boosted the hospital stretcher market. Similarly increase in number of road accident in Asia Pacific region which is approximately 316,000 people each year according to W.H.O in South-East Asia in 2016.

Whereas North America is also fueling the growth of hospital stretchers market due to increase in number of surgeries as 70.7% of adults age 20 years and over with overweight, including obesity in U.S in 2013-2014. Europe is also boosting the market of hospital stretchers due to its increased aged population, according to W.H.O. the number of people aged 85 years and older are projected to rise to 19 million by 2020 and to 40 million by 2050.

Key players operating in hospital stretchers market

To provide effective healthcare services and to capitalize on lucrative growth opportunities in the market, manufacturers are collaborating with each other to develop and promote communication solutions to support clinical and nursing efficiencies for leading hospitals. For example, Premise Corporation and Stryker Medical Announced Strategic Alliance in Collaboration with Microsoft to Release Next Generation Patient Safety Solution such as bed and stretchers for the comfort and security of patients. The market is characterized by the presence of a large number of regional players, making it a highly fragments market. Key players in the global hospital stretchers market include TransMotion Medical Inc., Gendron Inc., Hill-Rom Holdings Inc., GF Health Products Ltd., TransMotion Medical, ArjoHuntleigh Inc., Stryker Corporation, Fu Shun Hsing Technology Co. Ltd., Mac Medical, Inc. Spencer Italia S.r.l. and Anetic Aid Limited.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users