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Pharmacy benefit management market
EMERGENCY STRETCHERS MARKET REPORT OVERVIEW
The global emergency stretchers market size was USD 1218.5 million in 2022. As per our research, the market is expected to reach USD 1596.9 million by 2028, exhibiting a CAGR of 4.6% during the forecast period.
Emergency stretchers are vital medical devices designed for the safe and efficient transfer of patients during critical situations. Crafted from lightweight yet robust materials, these stretchers prioritize patient comfort while ensuring secure immobilization. They feature adjustable height, collapsible frames, and advanced mobility features, catering to diverse medical scenarios. Widely utilized in hospitals, ambulances, and emergency response settings, these stretchers facilitate swift and stable patient transportation. The incorporation of ergonomic designs, such as foldable mechanisms and easy-glide wheels, further enhances usability. Emergency stretchers play a crucial role in providing seamless care and support in high-pressure medical environments, contributing to improved healthcare outcomes.
The burgeoning growth in the emergency stretchers market size is propelled by a confluence of factors. Increasing awareness of the critical role played by efficient patient transfer in healthcare, coupled with rising incidences of emergencies and accidents, is fueling demand. Healthcare facilities globally are prioritizing upgrades to their equipment, opting for state-of-the-art stretchers with advanced features to enhance patient care. Moreover, the ongoing emphasis on pre-hospital emergency care and the expansion of healthcare infrastructure in developing regions contribute significantly to the escalating demand. As a result, the market is witnessing a robust upswing driven by the imperative need for reliable, technologically advanced emergency stretchers.
COVID-19 Impact: Pandemic Caused Unprecedented Demand for Medical Equipment Heightened Procurement of Stretchers
The COVID-19 pandemic has been unprecedented and staggering, with emergency stretchers market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.
The surge in coronavirus cases worldwide has prompted an unprecedented demand for medical equipment, including stretchers, to support patient care and transportation. Hospitals and emergency response units faced an urgent need to expand their capacity and enhance preparedness, leading to a substantial increase in the procurement of emergency stretchers. Additionally, manufacturers responded by ramping up production to meet the heightened demand. The pandemic has underscored the critical role of these stretchers in efficiently managing patient flow and ensuring optimal care during health crises. As a result, the market experienced a surge in growth amid the unprecedented challenges posed by the global health crisis.
LATEST TRENDS
"Integration of Smart Technologies Prominent Trend in Emergency Stretchers Industry"
One prominent trend in the emergency stretchers industry is the integration of smart technologies for enhanced patient care and monitoring. Leading players are introducing innovative features such as IoT connectivity, real-time tracking, and electronic health record integration in their stretchers. These advancements aim to improve communication between healthcare providers, ensuring seamless data transfer and timely decision-making. Additionally, new products are incorporating ergonomic designs, incorporating materials that prioritize infection control, and focusing on sustainability. Major players are investing in research and development to introduce cutting-edge solutions that address evolving healthcare needs. This trend reflects the industry's commitment to harnessing technology to elevate patient outcomes and streamline emergency medical services.
EMERGENCY STRETCHERS MARKET SEGMENTATION
- By type
Depending on emergency stretchers market given are types: Wheeled Stretcher (Except Ambulance Stretcher), Folding & Basket Stretcher, Ambulance Stretcher & Other. The Wheeled Stretcher (Except Ambulance Stretcher) type will capture the maximum market share through 2028.
The market encompasses diverse segments catering to specific needs within the medical transport landscape. Wheeled stretchers, versatile in various healthcare settings, provide mobility and ease of use. Folding and basket stretchers offer portability and efficient storage, ideal for emergency response scenarios. Ambulance stretchers are designed for seamless integration into ambulances, optimizing patient transfer. The "Other" category signifies a range of specialized stretchers tailored to unique requirements. This segmentation reflects the industry's commitment to providing tailored solutions, addressing the varied demands of modern healthcare and emergency services.
- By Application
The market is divided into Community First Aid, Hospitals & Other based on application. The global emergency stretchers market players in cover segment like Community First Aid will dominate the market share during 2022-2028.
The market is segmented based on application, with distinct categories including Community First Aid, Hospitals, and Other. Community First Aid stretchers are designed for swift response in public spaces, catering to immediate medical needs. Hospital stretchers are tailored for in-facility patient transfer, emphasizing comfort and clinical utility. The "Other" category encompasses specialized applications in settings like clinics or long-term care facilities. This segmentation reflects the adaptability of emergency stretchers to diverse healthcare environments, ensuring optimal patient care across various medical scenarios.
DRIVING FACTORS
"Increasing Emphasis on Pre-hospital Emergency Care Pivotal Driving Factor"
A pivotal driving factor behind the burgeoning growth of the market is the increasing emphasis on pre-hospital emergency care. With a rising awareness of the critical role played during the golden hour of medical emergencies, there's a growing demand for advanced stretchers that facilitate swift and secure patient transportation. Governments, healthcare organizations, and emergency response units are investing in upgrading their equipment to ensure rapid and efficient pre-hospital care. This focus on improving emergency medical services, coupled with the need for optimal patient outcomes, propels the demand for technologically advanced and ergonomic emergency stretchers, thereby fostering market expansion.
"Global Expansion and Modernization of Healthcare Infrastructure Significant Market Growth Driver"
Another significant driving factor fueling the emergency stretchers market growth is the global expansion and modernization of healthcare infrastructure. As countries invest in upgrading and expanding their medical facilities, there is a parallel demand for state-of-the-art equipment, including advanced stretchers. Hospitals, clinics, and ambulatory care centers seek to enhance patient care by adopting innovative technologies in patient transfer and transportation. The need for efficient, durable, and patient-friendly stretchers has become paramount in these developments. Consequently, the continuous evolution and expansion of healthcare infrastructure worldwide contribute substantially to the increasing demand for advanced emergency stretchers, driving market growth.
RESTRAINING FACTORS
"Economic Constraints in Healthcare Institutions Notable Restraining Factor"
A notable restraining factor influencing the market is the economic constraints faced by healthcare institutions, particularly in developing regions. Limited financial resources may hinder the widespread adoption of advanced and technologically sophisticated stretchers. Budget constraints could lead to delayed or deferred procurement decisions, impacting market growth. Additionally, the high initial costs associated with acquiring modern stretchers may pose challenges for smaller healthcare facilities. As economic considerations play a crucial role in healthcare expenditure, addressing these financial barriers becomes essential to ensure broader accessibility and sustained market expansion for emergency stretchers.
EMERGENCY STRETCHERS MARKET REGIONAL INSIGHTS
"The market is primarily segregated into Europe, Latin America, Asia Pacific, North America and Middle East & Africa."
"North America to Lead the Market owing to Increasing Investments In Advanced Medical Equipment"
The leading region in the market is North America, showcasing a robust presence in terms of market share and anticipated growth. The region's dominance is attributed to well-established healthcare infrastructure, increasing investments in advanced medical equipment, and a strong focus on improving emergency medical services. The presence of key market players, coupled with a high awareness of the importance of pre-hospital emergency care, contributes to the region's leadership. Moreover, ongoing advancements in technology and a proactive approach to healthcare modernization position North America as a significant contributor to the continuous evolution and expansion of the emergency stretchers market share.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
The emergency stretchers market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.
List of Market Players Profiled
- Ferno (U.S.)
- ZhangJiaGang RongChang Machinery Manufacture (China)
- Hebei Pukang Medical (China)
- GIVAS (Italy)
- Byron (U.K.)
- Zhangjiagang New Fellow Med (China)
- Junkin Safety (U.S.)
- MeBer (Italy)
- Stryker (U.S.)
- Sidhil (U.K.)
- Zhangjiagang Xiehe Medical Apparatus & Instruments (China)
- PVS SpA (Italy)
- Pelican Manufacturing (Australia)
- BE SAFE (Norway)
- BESCO (China)
INDUSTRIAL DEVELOPMENT
March 2022: Stryker, a global leader in medical technology, has introduced the pioneering Power-PRO 2 powered ambulance cot, heralded as the industry's inaugural connected ambulance cot. This innovation builds upon its predecessor's success, delivering enhanced maneuverability, heightened safety measures, and advanced connectivity tools. Designed to streamline the workflow of first responders, the Power-PRO 2 prioritizes ease of use. The integration of cutting-edge connectivity features sets it apart as the first of its kind in the industry. This connected cot aims to optimize both time and budget for emergency medical services, presenting a comprehensive solution that aligns with the evolving demands of the healthcare sector while prioritizing patient care.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1218.5 Million in 2022 |
Market Size Value By |
US$ 1596.9 Million by 2028 |
Growth Rate |
CAGR of 4.6% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the emergency stretchers market expected to touch by 2028?
The global emergency stretchers market size is expected to reach USD 1596.9 million by 2028.
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What CAGR is the emergency stretchers market expected to exhibit by 2028?
The emergency stretchers market is expected to exhibit a CAGR of 4.6% by 2028.
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Which are the driving factors of the Emergency Stretchers market?
The driving factors of the Emergency Stretchers market are increasing emphasis on pre-hospital emergency care and expansion and modernization of healthcare infrastructure.
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What are the key emergency stretchers market segments?
The key Emergency Stretchers market segmentation that you should be aware of, which include, based on type the emergency stretchers market is classified as wheeled stretcher (except ambulance stretcher), folding & basket stretcher, ambulance stretcher & other. Based on application the emergency stretchers market is classified as community first aid, hospitals & other.