Ambulance Stretchers Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.20 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Ambulance Stretchers Market Analysis
Over the next few years, the market for ambulance stretchers is expected to grow at a CAGR of about 3.2%.
The impact of the COVID-19 pandemic on the ambulance stretcher market was minimal. With the surge of COVID-19 cases worldwide, healthcare services were diverted toward emergency cases. Thus, this led to an increase in demand for ambulance services for the emergency transport of COVID-19 patients. In June 2021, the Indian Ministry of Health and Family Welfare published guidelines on the operationalization of COVID care services that indicated that a basic life support ambulance should be equipped with the basic equipment and drugs, including a stretcher trolley with IV stands for the transfer of suspected and affected COVID-19 patients. The demand for ambulance services during the pandemic ensured the optimum supply of stretchers. Furthermore, COVID-19 provided the opportunity for companies to capitalize through ambulance services. In August 2021, HTX launched a motorized stretcher to aid the Singapore Civil Defence Force's Emergency Medical Services (SCDF EMS) officers in lifting the patients onto the ambulance. Moreover, the rise in the number of people with chronic diseases requiring emergency care and innovation in the ambulance with smart technology may drive the growth of the ambulance stretcher market globally. Thus, the ambulance stretcher market had significant growth during the COVID-19 pandemic.
An increase in chronic diseases is considered the key factor behind the growth of the ambulance stretcher market. The rise in the aging population is associated with a higher chance of developing health disorders, such as cardiovascular diseases, chronic kidney diseases, and respiratory diseases, requiring non-emergency and emergency services. Moreover, an increase in road accidents may require immediate attention and ambulance services. According to a World Health Organization article on road traffic injuries published in June 2022, road accidents are the leading cause of injuries for the population aged 5-29 years. Between 20 and 50 million people suffer from non-fatal injuries, with many incurring a disability as a result of their injury. Developing countries have a high rate of traffic injuries, with a majority of road accidents occurring in low- and middle-income countries. This creates a demand for ambulance stretchers in these regions, which may contribute to market growth.
The most recent development observed in the ambulance market is the introduction of air ambulances. For instance, in May 2021, Blade India launched Blade Care services in response to the increasing demand for air ambulances amid the COVID-19 pandemic. The company partnered with MyHealthcare to provide a seamless medical evacuation and bed-to-bed transfer. Such activities improve the demand for the specially designed stretchers, which can be used in the air ambulances. Thus, it is expected to boost the market's growth.
However, the rising cost of air ambulances and the possibility of adverse events associated with adverse events may limit market growth.
Ambulance Stretchers Market Trends
This section covers the major market trends shaping the Ambulance Stretchers Market according to our research experts:
Transport Stretchers are Expected to Occupy Significant Share of Market over the Forecast Period
Due to the COVID-19 pandemic, all elective procedures were postponed, with services prioritizing COVID-19 patients. The rising number of COVID-19 patients resulted in a state of emergency requiring the immediate transfer of patients to hospitals. The rising demand for ambulance services to offer emergency care to patients may have a minimal impact on the ambulance stretcher market.
Transport stretchers are the most frequently used ambulance stretchers. Aging is an important factor in the development of cardiovascular and metabolic diseases. Due to this, the elderly population is more likely to develop recurring ailments. Therefore, increasing chronic conditions, such as ischemic heart disease, stroke, chronic obstructive pulmonary disease, and chronic kidney disease, in geriatric patients may require more care. According to the GLOBOCAN report, the total number of people in the world affected by cancer is estimated to reach 28,887,940 cases by 2040. The rising number of people affected by chronic diseases who require immediate transport for hospital admissions is expected to add to the segment's growth.
Moreover, there has been the introduction of new transport ambulances to increase accessibility. In February 2021, Ford launched transit ambulances for the United Kingdom under Project Siren. Such activities are expected to add to the transport stretchers market segment.
So, the growing number of older people with more chronic conditions and the rise in the number of ambulance services are likely to increase the demand for emergency ambulance services, which will lead to a larger market share over the next few years.
North America is Expected to Hold the Significant Share in the Ambulance Stretchers Market
There was a rise in the demand for ambulance stretchers in the North American region during the COVID-19 pandemic. The healthcare services had to be directed toward COVID-19 patient management and treatment development. Guiding committees and regulatory bodies provided guidelines to be followed by patients and physicians. Elective procedures were postponed, and only emergency procedures got high priority. Recovery of these backlog procedures may take place gradually, considering the pandemic and resurgence of the disease.
North America is expected to witness notable growth in the ambulance stretchers market over the forecast period, due to the rise in the geriatric population and increasing health expenditure. The Center for Disease Control and Prevention, in its data published in September 2022 on older adults' health in the United States, estimated a rise in the population of adults 65 and older to 80.8 million by 2040 and 94.7 million in 2060, representing nearly 25% of the overall population.
Moreover, the rise in the number of people affected by chronic diseases is likely to boost market growth. For instance, as per the report published in May 2021 by the Canadian Primary Care Sentinel Surveillance Network, around 65% of the adults in Canada were living with at least one chronic disease condition, and over 37% of the adults had two or more chronic conditions. The higher prevalence of chronic diseases in the country will drive the demand for ambulance stretchers. In addition, favorable reimbursement policies in the United States and Canada covering emergency and non-emergency ambulance services are likely to contribute to the ambulance stretcher market.
Ambulance Stretchers Industry Overview
The ambulance stretcher market remains moderately competitive with the presence of regional players. However, with the rise in the number of road accidents and injuries, the market is expected to create opportunities for companies to capitalize. Major players include Stryker Corporation, Hill-Rom Services Inc. (Baxter), Fu Shun Hsing Technology Co. Ltd., Ferno-Washington Inc., and Narang Medical Limited, among others.
Ambulance Stretchers Market Leaders
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Stryker Corporation
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Ferno-Washington Inc.
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Narang Medical Limited
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Fu Shun Hsing Technology Co. Ltd
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Hill-Rom Services Inc. (Baxter)
*Disclaimer: Major Players sorted in no particular order
Ambulance Stretchers Market News
- May 2022: Sprint launched its new premium emergency and transportation stretcher, the Sprint 200, as part of the new generation of stretchers for taking patient transportation and patient care to the next level with its innovative solutions.
- March 2022: Stryker Corporation launched the Power-PRO 2 powered ambulance cot, which offers improved maneuverability, increased safety, and connectivity tools to help optimize time and budget.
Ambulance Stretchers Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increase in Chronic Diseases with Age
- 4.2.2 Rising Number of Road Accidents
- 4.2.3 Rise in Number of Advanced Ambulances
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4.3 Market Restraints
- 4.3.1 Adverse Events Associated with Ambulance Stretchers
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4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers/Consumers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - in USD Millions)
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5.1 By Product
- 5.1.1 Transport Stretchers
- 5.1.2 Emergency Stretchers
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5.2 By Technology
- 5.2.1 Manual Stretchers
- 5.2.2 Electric Powered Stretchers
- 5.2.3 Pneumatic Stretchers
- 5.2.4 Other Technologies
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5.3 By End-User
- 5.3.1 Clinics/Hospitals
- 5.3.2 Ambulatory Surgical Centers
- 5.3.3 Other End-Users
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Arjo
- 6.1.2 Dragon Industry (ZJG) Co. Ltd
- 6.1.3 Ferno-Washington Inc.
- 6.1.4 Fu Shun Hsing Technology Co. Ltd
- 6.1.5 GF Health Product Inc.
- 6.1.6 Hill-Rom Services Inc. (Baxter)
- 6.1.7 Jiangsu Rixin Medical Equipment Co. Ltd
- 6.1.8 Medline Industries
- 6.1.9 Narang Medical Limited
- 6.1.10 ROYAX
- 6.1.11 Stryker Corporation
- 6.1.12 Zhangjiagang New Fellow Med Co., Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Ambulance Stretchers Industry Segmentation
As per the scope of this report, ambulatory stretchers are collapsible wheeled stretches that are used for moving patients. Moreover, emergency medical services use these stretchers for mobilizing out-of-hospital patients. Therefore, stretchers used in ambulances need to be light, strong, and compatible to assist personnel in carefully handling patients. The ambulance stretchers market is segmented by product (transport stretchers and emergency stretchers), technology (manual stretchers, electric powered stretchers, pneumatic stretchers, and other technologies), end user (clinics and hospitals, ambulatory surgical centers, and other end users), and geography (North America, Europe, Asia-Pacific, the Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments. The report offers the value (in USD billion) for the above segments.
| By Product | Transport Stretchers | |
| Emergency Stretchers | ||
| By Technology | Manual Stretchers | |
| Electric Powered Stretchers | ||
| Pneumatic Stretchers | ||
| Other Technologies | ||
| By End-User | Clinics/Hospitals | |
| Ambulatory Surgical Centers | ||
| Other End-Users | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Ambulance Stretchers Market Research FAQs
What is the current Ambulance Stretchers Market size?
The Ambulance Stretchers Market is projected to register a CAGR of 3.20% during the forecast period (2024-2029)
Who are the key players in Ambulance Stretchers Market?
Stryker Corporation, Ferno-Washington Inc., Narang Medical Limited, Fu Shun Hsing Technology Co. Ltd and Hill-Rom Services Inc. (Baxter) are the major companies operating in the Ambulance Stretchers Market.
Which is the fastest growing region in Ambulance Stretchers Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Ambulance Stretchers Market?
In 2024, the North America accounts for the largest market share in Ambulance Stretchers Market.
What years does this Ambulance Stretchers Market cover?
The report covers the Ambulance Stretchers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ambulance Stretchers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ambulance Stretchers Industry Report
Statistics for the 2024 Ambulance Stretchers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ambulance Stretchers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
