NEW YORK, Jan. 20, 2020 (GLOBE NEWSWIRE) -- The global ambulance stretchers market was valued at USD 640.0 million in 2018 and is expected to grow at a CAGR of 3.5% during the forecast period. Globally, key players in the ambulance stretchers market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In November 2018, Ontario signed an agreement with HeliMod, for the equipment of an improved stretcher system in the Ornge fleet of AW139 helicopters.
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The increasing trauma and accidental cases, escalating geriatric population, a surge in medical tourism, increasing healthcare expenditure, a surge in alertness among the general public about emergency services, and improving healthcare infrastructure in developing countries are the primary growth drivers for the ambulance stretchers market.
Electrical segment are expected to grow at a faster rate in the ambulance stretchers market in 2018
On the basis of technology, the market is subdivided into pneumatic, manual, and electric powered. Of all technologies, the electrical segment is expected to grow at the fastest rate in the market, owing to mounting investment by major players in the innovation and launch of technologically advanced products.
Geography Insight
Geographically, North America is the largest ambulance stretcher market as in the region, owing to presence of a large number of key players, promising reimbursement scenario, and escalating geriatric population. In addition, a surge in the prevalence of cardiovascular diseases and a mounting need for high-quality healthcare services are also up surging the growth of the North American ambulance stretchers market.
Competitive Insight
Some of the key players operating in the global ambulance stretchers market are Hill-Rom Holdings, Inc., Getting Group, Stryker Corporation, Omega Surgical Industries, Dragon Industry (ZJG) Co., Ltd., Medline Medical Equipment, Inc., Fu Shun Hsing Technology Co., Ltd., Zhangjiagang New Fellow Med Co., Ltd., and Ferno-Washington, Inc.
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Key Takeaway from the Report:
- Among all the product types, the emergency stretcher segment is expected to grow at a faster rate in the market.
- Among all the technologies, the manual accounted for a foremost share in the ambulance stretchers market.
- Of all the end-users, the hospitals and clinics accounted for a foremost share in the ambulance stretchers market.
The Report Offers:
- Historical market estimate for the years 2014–2018 and forecast for the years 2019–2024
- Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
- Market insights by in-depth segmentation with industry dynamics.
- Competitive analysis and benchmarking of the industry leaders and their product offerings
- Profiles of leading players and innovators, their financial overview and product portfolio
- Analysis of key industry trends and recent developments
- Value chain analysis and distribution channel analysis with opportunity assessment
- Market share analysis of major players
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The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million). The report segments the global ambulance stretchers market on the basis of product type, technology, end user, and region.
Global Ambulance Stretchers Market Coverage
Product Type Insight and Forecast 2014-2024
- Emergency Stretcher
- Transportable Stretcher
Technology Insight and Forecast 2014-2024
- Manual
- Electric Powered
- Pneumatic
End User Insight and Forecast 2014-2024
- Hospital & Clinic
- Ambulatory Surgical Centers
- Emergency Service Provider
Geographical Segmentation
Ambulance Stretchers Market by Region
North America
- By Product Type
- By Technology
- By End User
- By Country – U.S., Canada, and Mexico
Europe
- By Product Type
- By Technology
- By End User
- By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe
Asia-Pacific (APAC)
- By Product Type
- By Technology
- By End User
- By Country – China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific
Rest of the World (RoW)
- By Product Type
- By Technology
- By End User
- By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
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