Stretcher Industry to depict appreciable growth prospects over 2020-2028

 The future of the global stretcher market looks promising with opportunities in hospital, clinic and ambulance facilities. The global stretcher market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $2 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025 . The major growth drivers for this market are increasing number of hospitals and ambulance facilities, increasing number of patients with disabilities, accidents, chronic diseases, and the growing geriatric population.

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Emerging trends, which have a direct impact on the dynamics of the stretcher industry, include the increasing use of advanced hospital stretchers and increasing use of motorized stretchers.

Some of the stretcher companies profiled in this report include Stryker Corporation, Hill-Rom Holdings Inc., Fu Shun Hsing Technology Co. Ltd. Getinge Group, and Medline Medical Equipment, Inc. and others.

On the basis of comprehensive research, Publisher forecasts that adjustable stretchers are expected to witness significant growth over the forecast period.

By technology type, the global stretcher market is segmented into motorized stretchers and non-motorized stretchers. The non-motorized stretcher segment is expected to dominate over the forecast period, as they are highly affordable and do not require skilled caregivers to handle patients as is the case with motorized stretchers.