
Asia Pacific Hospital Stretchers Market Report and Forecast 2024-2032
Description
Asia Pacific Hospital Stretchers Market Report and Forecast 2024-2032
Asia Pacific Hospital Stretchers Market Report and Forecast 2024-2032
Asia Pacific Hospital Stretchers Market Outlook
The global hospital stretchers market size was valued at USD 2.9 billion in 2023, with Asia Pacific holding a significant market share. It is expected to grow at a CAGR of 5.37% during the forecast period of 2024-2032. The market is poised to secure a value of USD 4.6 billion by 2032, driven by increasing advancements and geriatric population across the region.
Key Takeaways
- Increasing focus on designing ergonomic hospital stretchers that reduce the physical strain on healthcare workers are poised to propell the Asia Pacific hospital strechers market growth in the forecast period. Ergonomic features include adjustable height, lightweight materials, and easy-to-maneuver wheels help in preventing work-related injuries among medical staff.
- In May 2022, the Chinese government provided funds for upgrading medical facilities nationwide which may include increased demand for hospital stretchers. Such investments are estimated to impact the market value positively.
- The market is driven by multiple drivers such as the increasing geriatric population, and technological advancements.
Hospital stretchers are designed to ensure the safety and comfort of the patient during their move from one place to another in a medical situation. They are equipped with appropriate padding and support systems to prevent injury and are maneuverable enough to navigate through the corridors and elevators of a medical facility.
The Asia Pacific hospital stretchers market growth is anticipated to be driven by factors such as the government taking initiatives to upgrade the infrastructure of hospitals in countries including medical equipment. For instance, the Chinese government has taken mutiple initiatives to upgrade the infrastructure of public medical facilities. In May 2022, guidelines were rolled out by the State Council to enhance the healthcare infrastructure development in the region including public medical facilities. The government also allocated funds towards the same target. With 17,294 hospitals across the nation, upgrading medical facilities is expected to significantly drive the hospital stretchers market. Such investments and initiatives are anticipated to boost the demand for improved and advanced hospital stretchers in the region. The advancements also include improved ergonomics, adjustable heights, and technology-integrated medical equipment.
Increasing geriatric population, technological advancements, growing healthcare infrastructure, government initiatives, along with funding activities are one of the major Asia Pacific hospital stretchers market trends. The region consists of countries such as South Korea, China, and Japan. These countries are witnessing a significantly increase in their geriatric population requiring comparatively advanced medical care. Consequenlty, it contributes to rising demand for hospital stretchers in the region. The market is further influenced by rising health awareness, medical tourism, and increasing surgical procedures, among others.
The Asia Pacific hospital stretchers market share is also impacted by increasing medical tourism in the region. This can be attributed to lower cost of medical treatments in comparison to Western countries such as the United States of America, and Canada among others. The market is witnessing an escalation in Emergency Medical Services (EMS) in countries with large rural populations like India and China which require reliable hospital stretchers for effective and improved patient handling with transport in emergencies. In addition, increasing obesity rates may lead to increased demand for bariatric stretchers. Such factors are expected to aid market growth for hospital stretchers in the forecast period.
Asia Pacific Hospital Stretchers Market Segmentation
Market Breakup by Product Type
- Adjustable Stretchers
- Fixed Height Stretchers
- Bariatric Stretchers
- Radiographic Stretcher
- Others
- Motorized Stretchers
- Non-Motorized Stretchers
- Intra-Hospital
- Pediatric Care
- Emergency Department
- Radiology Department
- Other Applications
- China
- Japan
- ASEAN
- Australia
- India
- Others
The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Stryker Corporation
- Getinge AB
- Invacare Corporation
- Hill-Rom Holdings, Inc.
- Ferno-Washington, Inc.
- Medline Industries, Inc.
- AMTAI Medical Equipment, Inc.
- Savion Industries Ltd.
- MTAI Medical Equipment, Inc.
- LINET Group SE
FAQs
- What was the Asia Pacific hospital stretchers market forecast outlook for 2024-2032?
- What are the major factors aiding the Asia Pacific hospital stretchers market demand?
- What are the major Asia Pacific hospital stretchers market trends?
- What are the various product types in the market?
- What are the various technologies in the market?
- Where do hospital stretchers find applications?
- What is the market segmentation by country?
- Who are the key players involved in the Asia Pacific hospital stretchers market?
Hill-Rom Holdings, Inc., Ferno-Washington, Inc., Medline Industries, Inc., AMTAI Medical Equipment, Inc., Savion Industries Ltd., MTAI Medical Equipment, Inc., and LINET Group SE.
Meta description
The Asia Pacific hospital stretchers market size is poised for growth, driven by the expansion of the global market, which was valued at USD 2.9 billion in 2023 and is projected to grow at a CAGR of 5.37% during the forecast period of 2024-2032.
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Table of Contents
140 Pages
- 1 Preface
- 1.1 Objectives of the Study
- 1.2 Key Assumptions
- 1.3 Report Coverage – Key Segmentation and Scope
- 1.4 Research Methodology
- 2 Executive Summary
- 3 Asia Pacific Hospital Stretchers Market Overview
- 3.1 Asia Pacific Hospital Stretchers Market Historical Value (2017-2023)
- 3.2 Asia Pacific Hospital Stretchers Market Forecast Value (2024-2032)
- 4 Asia Pacific Hospital Stretchers Market Landscape*
- 4.1 Asia Pacific Hospital Stretchers: Developers Landscape
- 4.1.1 Analysis by Year of Establishment
- 4.1.2 Analysis by Company Size
- 4.1.3 Analysis by Region
- 4.2 Asia Pacific Hospital Stretchers: Product Landscape
- 4.2.1 Analysis by Product Type
- 4.2.2 Analysis by Technology
- 5 Asia Pacific Hospital Stretchers Market Dynamics
- 5.1 Market Drivers and Constraints
- 5.2 SWOT Analysis
- 5.2.1 Strengths
- 5.2.2 Weaknesses
- 5.2.3 Opportunities
- 5.2.4 Threats
- 5.3 Porter’s Five Forces Model
- 5.3.1 Bargaining Power of Suppliers
- 5.3.2 Bargaining Power of Buyers
- 5.3.3 Threat of New Entrants
- 5.3.4 Threat of Substitutes
- 5.3.5 Degree of Rivalry
- 5.4 Key Demand Indicators
- 5.5 Key Price Indicators
- 5.6 Industry Events, Initiatives, and Trends
- 5.7 Value Chain Analysis
- 6 Asia Pacific Hospital Stretchers Market Segmentation (2017-2032)
- 6.1 Asia Pacific Hospital Stretchers Market (2017-2032) by Product Type
- 6.1.1 Market Overview
- 6.1.2 Adjustable Stretchers
- 6.1.3 Fixed Height Stretchers
- 6.1.4 Bariatric Stretchers
- 6.1.5 Radiographic Stretchers
- 6.1.6 Others
- 6.2 Asia Pacific Hospital Stretchers Market (2017-2032) by Technology
- 6.2.1 Market Overview
- 6.2.2 Motorized Stretchers
- 6.2.3 Non-Motorized Stretchers
- 6.3 Asia Pacific Hospital Stretchers Market (2017-2032) by Application
- 6.3.1 Market Overview
- 6.3.2 Intra-Hospital
- 6.3.3 Pediatric Care
- 6.3.4 Emergency Department
- 6.3.5 Radiology Department
- 6.3.6 Other Applications
- 6.4 Asia Pacific Hospital Stretchers Market (2017-2032) by Country
- 6.4.1 Market Overview
- 6.4.2 China
- 6.4.3 Japan
- 6.4.4 India
- 6.4.5 ASEAN
- 6.4.6 Australia
- 6.4.7 Others
- 7 China Hospital Stretchers Market (2017-2032)
- 7.1 China Hospital Stretchers Market (2017-2032) by Product Type
- 7.1.1 Market Overview
- 7.1.2 Adjustable Stretchers
- 7.1.3 Fixed Height Stretchers
- 7.1.4 Bariatric Stretchers
- 7.1.5 Radiographic Stretchers
- 7.1.6 Others
- 7.2 China Hospital Stretchers Market (2017-2032) by Technology
- 7.2.1 Market Overview
- 7.2.2 Motorized Stretchers
- 7.2.3 Non-Motorized Stretchers
- 7.3 China Hospital Stretchers Market (2017-2032) by Application
- 7.3.1 Market Overview
- 7.3.2 Intra-Hospital
- 7.3.3 Pediatric Care
- 7.3.4 Emergency Department
- 7.3.5 Radiology Department
- 7.3.6 Other Applications
- 8 Japan Hospital Stretchers Market (2017-2032)
- 8.1 Japan Hospital Stretchers Market (2017-2032) by Product Type
- 8.1.1 Market Overview
- 8.1.2 Adjustable Stretchers
- 8.1.3 Fixed Height Stretchers
- 8.1.4 Bariatric Stretchers
- 8.1.5 Radiographic Stretchers
- 8.1.6 Others
- 8.2 Japan Hospital Stretchers Market (2017-2032) by Technology
- 8.2.1 Market Overview
- 8.2.2 Motorized Stretchers
- 8.2.3 Non-Motorized Stretchers
- 8.3 Japan Hospital Stretchers Market (2017-2032) by Application
- 8.3.1 Market Overview
- 8.3.2 Intra-Hospital
- 8.3.3 Pediatric Care
- 8.3.4 Emergency Department
- 8.3.5 Radiology Department
- 8.3.6 Other Applications
- 9 India Hospital Stretchers Market (2017-2032)
- 9.1 India Hospital Stretchers Market (2017-2032) by Product Type
- 9.1.1 Market Overview
- 9.1.2 Adjustable Stretchers
- 9.1.3 Fixed Height Stretchers
- 9.1.4 Bariatric Stretchers
- 9.1.5 Radiographic Stretchers
- 9.1.6 Others
- 9.2 India Hospital Stretchers Market (2017-2032) by Technology
- 9.2.1 Market Overview
- 9.2.2 Motorized Stretchers
- 9.2.3 Non-Motorized Stretchers
- 9.3 India Hospital Stretchers Market (2017-2032) by Application
- 9.3.1 Market Overview
- 9.3.2 Intra-Hospital
- 9.3.3 Pediatric Care
- 9.3.4 Emergency Department
- 9.3.5 Radiology Department
- 9.3.6 Other Applications
- 10 ASEAN Hospital Stretchers Market (2017-2032)
- 10.1 ASEAN Hospital Stretchers Market (2017-2032) by Product Type
- 10.1.1 Market Overview
- 10.1.2 Adjustable Stretchers
- 10.1.3 Fixed Height Stretchers
- 10.1.4 Bariatric Stretchers
- 10.1.5 Radiographic Stretchers
- 10.1.6 Others
- 10.2 ASEAN Hospital Stretchers Market (2017-2032) by Technology
- 10.2.1 Market Overview
- 10.2.2 Motorized Stretchers
- 10.2.3 Non-Motorized Stretchers
- 10.3 ASEAN Hospital Stretchers Market (2017-2032) by Application
- 10.3.1 Market Overview
- 10.3.2 Intra-Hospital
- 10.3.3 Pediatric Care
- 10.3.4 Emergency Department
- 10.3.5 Radiology Department
- 10.3.6 Other Applications
- 11 Australia Hospital Stretchers Market (2017-2032)
- 11.1 Australia Hospital Stretchers Market (2017-2032) by Product Type
- 11.1.1 Market Overview
- 11.1.2 Adjustable Stretchers
- 11.1.3 Fixed Height Stretchers
- 11.1.4 Bariatric Stretchers
- 11.1.5 Radiographic Stretchers
- 11.1.6 Others
- 11.2 Australia Hospital Stretchers Market (2017-2032) by Technology
- 11.2.1 Market Overview
- 11.2.2 Motorized Stretchers
- 11.2.3 Non-Motorized Stretchers
- 11.3 Australia Hospital Stretchers Market (2017-2032) by Application
- 11.3.1 Market Overview
- 11.3.2 Intra-Hospital
- 11.3.3 Pediatric Care
- 11.3.4 Emergency Department
- 11.3.5 Radiology Department
- 11.3.6 Other Applications
- 12 Regulatory Framework
- 13 Patent Analysis
- 13.1 Analysis by Type of Patent
- 13.2 Analysis by Publication Year
- 13.3 Analysis by Issuing Authority
- 13.4 Analysis by Patent Age
- 13.5 Analysis by CPC Analysis
- 13.6 Analysis by Patent Valuation
- 13.7 Analysis by Key Players
- 14 Grants Analysis
- 14.1 Analysis by Year
- 14.2 Analysis by Amount Awarded
- 14.3 Analysis by Issuing Authority
- 14.4 Analysis by Grant Application
- 14.5 Analysis by Funding Institute
- 14.6 Analysis by Departments
- 14.7 Analysis by Recipient Organization
- 15 Funding and Investment Analysis
- 15.1 Analysis by Funding Instances
- 15.2 Analysis by Type of Funding
- 15.3 Analysis by Funding Amount
- 15.4 Analysis by Leading Players
- 15.5 Analysis by Leading Investors
- 15.6 Analysis by Geography
- 16 Partnership and Collaborations Analysis
- 16.1 Analysis by Partnership Instances
- 16.2 Analysis by Type of Partnership
- 16.3 Analysis by Leading Players
- 16.4 Analysis by Geography
- 17 Supplier Landscape
- 17.1 Market Share by Top 5 Companies
- 17.2 Stryker Corporation
- 17.2.1 Financial Analysis
- 17.2.2 Product Portfolio
- 17.2.3 Demographic Reach and Achievements
- 17.2.4 Mergers and Acquisitions
- 17.2.5 Certifications
- 17.3 Getinge AB
- 17.3.1 Financial Analysis
- 17.3.2 Product Portfolio
- 17.3.3 Demographic Reach and Achievements
- 17.3.4 Mergers and Acquisitions
- 17.3.5 Certifications
- 17.4 Invacare Corporation
- 17.4.1 Financial Analysis
- 17.4.2 Product Portfolio
- 17.4.3 Demographic Reach and Achievements
- 17.4.4 Mergers and Acquisitions
- 17.4.5 Certifications
- 17.5 Hill-Rom Holdings, Inc.
- 17.5.1 Financial Analysis
- 17.5.2 Product Portfolio
- 17.5.3 Demographic Reach and Achievements
- 17.5.4 Mergers and Acquisitions
- 17.5.5 Certifications
- 17.6 Ferno-Washington, Inc.
- 17.6.1 Financial Analysis
- 17.6.2 Product Portfolio
- 17.6.3 Demographic Reach and Achievements
- 17.6.4 Mergers and Acquisitions
- 17.6.5 Certifications
- 17.7 Medline Industries, Inc.
- 17.7.1 Financial Analysis
- 17.7.2 Product Portfolio
- 17.7.3 Demographic Reach and Achievements
- 17.7.4 Mergers and Acquisitions
- 17.7.5 Certifications
- 17.8 AMTAI Medical Equipment, Inc.
- 17.8.1 Financial Analysis
- 17.8.2 Product Portfolio
- 17.8.3 Demographic Reach and Achievements
- 17.8.4 Mergers and Acquisitions
- 17.8.5 Certifications
- 17.9 Savion Industries Ltd.
- 17.9.1 Financial Analysis
- 17.9.2 Product Portfolio
- 17.9.3 Demographic Reach and Achievements
- 17.9.4 Mergers and Acquisitions
- 17.9.5 Certifications
- 17.10 MTAI Medical Equipment, Inc.
- 17.10.1 Financial Analysis
- 17.10.2 Product Portfolio
- 17.10.3 Demographic
- 17.10.4 Mergers and Acquisitions
- 17.10.5 Certifications
- 17.11 LINET Group SE
- 17.11.1 Financial Analysis
- 17.11.2 Product Portfolio
- 17.11.3 Demographic Reach and Achievements
- 17.11.4 Mergers and Acquisitions
- 17.11.5 Certifications
- 18 Asia Pacific Hospital Stretchers Market – Distribution Model (Additional Insight)
- 18.1 Overview
- 18.2 Potential Distributors
- 18.3 Key Parameters for Distribution Partner Assessment
- 19 Key Opinion Leaders (KOL) Insights (Additional Insight)
- 20 Company Competitiveness Analysis (Additional Insight)
- 20.1 Very Small Companies
- 20.2 Small Companies
- 20.3 Mid-Sized Companies
- 20.4 Large Companies
- 20.5 Very Large Companies
- 21 Payment Methods (Additional Insight)
- 21.1 Government Funded
- 21.2 Private Insurance
- 21.3 Out-of-Pocket
- *Additional insights provided are customisable as per client requirements.
- The coverage of the Market Landscape section depends on the data availability and may cover a minimum of 80% of the total market. The EMR team strives to make this section as comprehensive as possible.
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