Market Size of Ambulance Stretchers Industry
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 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 | ||||||||
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Ambulance Stretchers Market Size Summary
The ambulance stretchers market is poised for steady growth, driven by an increasing demand for emergency medical services and advancements in stretcher technology. The market's expansion is largely attributed to the rising prevalence of chronic diseases and an aging population, which necessitate both emergency and non-emergency medical transport. The COVID-19 pandemic, while initially posing challenges, ultimately bolstered the market as it highlighted the critical need for efficient ambulance services and stretchers to transport affected patients. Innovations such as motorized stretchers and the introduction of air ambulances have further propelled market growth, offering enhanced patient transport solutions. However, the high costs associated with air ambulances and potential adverse events may pose challenges to market expansion.
Regionally, North America is expected to experience significant growth in the ambulance stretchers market, fueled by an increasing geriatric population and higher health expenditure. The prevalence of chronic diseases in countries like the United States and Canada, coupled with favorable reimbursement policies, is likely to drive demand for ambulance stretchers. The market remains moderately competitive, with key players like Stryker Corporation and Hill-Rom Services Inc. leading the charge in innovation and product development. The ongoing rise in road accidents and injuries presents further opportunities for market players to capitalize on, ensuring a robust market outlook over the coming years.
Ambulance Stretchers Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increase in Chronic Diseases with Age
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1.2.2 Rising Number of Road Accidents
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1.2.3 Rise in Number of Advanced Ambulances
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1.3 Market Restraints
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1.3.1 Adverse Events Associated with Ambulance Stretchers
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - in USD Millions)
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2.1 By Product
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2.1.1 Transport Stretchers
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2.1.2 Emergency Stretchers
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2.2 By Technology
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2.2.1 Manual Stretchers
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2.2.2 Electric Powered Stretchers
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2.2.3 Pneumatic Stretchers
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2.2.4 Other Technologies
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2.3 By End-User
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2.3.1 Clinics/Hospitals
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2.3.2 Ambulatory Surgical Centers
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2.3.3 Other End-Users
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Ambulance Stretchers Market Size 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.