The global Hospital Stretchers Market size is expected to reach USD 3.60 billion by 2028, registering a CAGR of 5.7% over the forecast period, according to a new report by Grand View Research, Inc. Hill-Rom Holdings, Stryker, Mac Medical, TransMotion Medical Inc., Fu Shun Hsing Technology are some of the key players in this industry. An increasing number of daycare surgeries, a rising number of road accidents & trauma cases, and increasing cases of COVID-19 are some of the key factors driving the growth of this market.
Hospital stretchers have a well-established market across the globe, as they are a basic necessity for any healthcare facility. An upsurge in the number of ambulance facilities is projected to stimulate market growth. Large-scale hospital facilities require intra-hospital transport for patients, this, in turn, creates a highly favorable environment for market growth. Furthermore, the rapid growth of the global healthcare sector is contributing to the increasing product demand. As per the WHO report 2020, global healthcare expenditure reached USD 8.3 trillion or 10% of global GDP in 2018.In addition, the COVID-19 pandemic has led to a rise in demand for ambulance services. Therefore, the introduction of novel transport ambulances for better accessibility will stimulate market growth. For instance, in February 2021, Ford announced plans to re-establish its presence in the U.K. ambulance market, with an inventive novel Transit ambulance, under project Siren. It is intended to enhance patient treatment and ease of use for paramedics. Such developments will accelerate market growth.
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