The healthcare industry has witnessed a key development with the advancements in stretcher chairs. These advancements enable clinicians to serve patients in emergencies. The increasing automation in the stretcher chairs market is boosting the industry demand. These automated chairs are convenient to use in the healthcare industry. So the combination of different technologies is increasing the rate of production, and it fuels opportunities in the stretcher chairs market.
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The stretcher chairs generally find application in shifting of patients from outside and within a healthcare center. This factor is fueling demand in the stretcher chairs market in the forthcoming years. Constant technological innovations have also fueled demand for this equipment in the medical industry. The players from the stretcher chairs market are investing time and a handsome amount of money to develop more efficient products.
The growing geriatric population requires advanced stretchers in case of a medical emergency. However, high maintenance, complex engineering, and comparatively costly stretcher chairs are curtailing growth in the stretcher chairs market. Based on end-user, the stretcher chairs market is segmented into ambulatory surgical centers, hospitals and clinics, and others. The safety while shifting the patients via stretcher chairs further boost growth in the market.
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Different types of illness such as neurological disorders, diabetes, and cancer are increasing at a rapid pace. These diseases and illnesses require effective treatment for a speedy recovery. The changing lifestyle and rising geriatric population are responsible for the increasing rate of prevailing diseases. These growing diseases may result in emergency visits to hospitals and this factor boosts demand opportunities in the stretcher chairs market.
The stretcher chairs market was valued at US$ 215.30 Mn in the year 2017. Further, it is estimated to rise at compound annual growth rate of 4.1% during the forecast period from 2018 to 2026.
General Stretcher Chair to Dominant in Stretcher Chairs Market
The market research on stretcher chairs market has studied different industry segments. The division is based on region, technology, and product type. General stretcher chairs are one of the types available in the market. There are multipurpose usage of stretcher chairs and it contributes to a larger portion in the market. This feature serves as a vital characteristic to transfer patients through ambulance, during medical surgeries, and some other medical adjustments.
The purchase of a general stretcher chair may be an economical investment in different multispecialty hospitals. The special stretcher chairs assist to meet the specific requirements of patients. Even in extreme emergencies such as pregnancy, these chairs help in ensuring a quick turnaround time. These factors accelerate growth opportunities in the stretcher chairs market. The continuous advancements in operation, design, size, and shape of stretcher chairs are bolstering demand in the market.
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On the basis of technology, the stretcher chairs market is divided into manual stretcher chairs and powered stretcher chairs. Of them, the powered stretcher chairs segment is witnessing tremendous growth in the industry. Super-specialty and multispecialty hospitals are in constant need of technologically advanced stretcher chairs.
Some of the key players in the stretcher chairs market include GF Health Products, Inc., Winco Mfg.,NovyMed International BV, IBIOM Instruments Ltée, Hill-Rom Holdings, Inc., and Stryker Corporation.
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North America to Dominate Stretcher Chairs Market
Based on geographical aspects, the North America is a dominating region of the stretcher chairs market. Growing awareness about the benefits of stretcher chairs create opportunities for the market players. The North American market is witnessing technological advancements in health care industry to ensure safe mobility and handling of the patients.
The Europe market also share a major portion of revenue in the stretcher chairs industry. The rising government initiatives to boost development in stretcher chairs will increase its applications. Further, the growing population create lucrative opportunities in the regional market.
Different companies have adopted mergers and acquisitions for growth in the stretcher chairs market. This market strategy poses a challenge for niche suppliers and market leaders. But the continuous advancements in the functioning of stretcher chairs may help the stretcher chairs market to expand. Further, boosting demand from multispecialty hospitals and healthcare centers may create lucrative opportunities in the industry in the near future.
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