Global Ambulance Stretchers Market Research Report, Analysis, Forecast And Outlook To 2026
The global ambulance stretchers market size is expected to reach USD 823.9 million by 2026, registering a 3.3% CAGR over the forecast period, according to a new report by Radiant Insights, Inc. Rising number of road accidents, increasing prevalence of cardiovascular diseases, and favorable reimbursement policies are expected to propel the ambulance stretchers market growth.
Rising medical tourism in countries, such as India, Thailand, Malaysia, Singapore, and Mexico, are among major factors driving the market growth. Aspects that contribute to form a growing medical tourism are, better infrastructure and cheaper treatment costs. A heart bypass surgery costs around USD 113,000 in U.S. However, the same procedure costs USD 10,000 in India, USD 13,000 in Thailand, USD 20,000 in Singapore, USD 9,000 in Malaysia, and USD 3,250 in Mexico. Other procedures such as heart valve replacement, angioplasty, hip replacement, and knee replacement, have significant price differences. Thus, patients from developed countries prefer availing treatments in developing countries like India, Singapore, and Thailand. Hence, rising medical tourism is anticipated to boost the demand for ambulance stretchers, thereby, driving the market growth.
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Favorable reimbursement policies in developed countries are also anticipated to boost the market growth. For instance, in the U.S., Medicare Part B always covers and emergency ambulance services. In some cases, it also covers non-emergency ambulance services. Such favorable policies are expected to increase adoption of ambulance services, thereby boosting the ambulance stretchers market’s growth.
Further key findings from the report suggest:
• In terms of revenue, emergency ambulance stretchers segment held the largest share in 2018 owing to rising number of road accidents across the globe.
• Electric powered stretchers segment is anticipated to witness the fastest growth over the forecast period. Electric powered stretchers segment have observed a significant growth attributable to increasing initiatives taken by key companies to launch technologically advanced products.
• North America ambulance stretchers market held the largest share in 2018 due to presence of favorable reimbursement policies, rising prevalence of cardiovascular diseases, and presence of key players in the region.
• Few prominent players operating in the ambulance stretchers market are Stryker Corporation, Hill-Rom Services Inc., Medline Industries, Inc., Fu Shun Hsing Technology Co. Ltd., Ferno-Washington, Inc., Zhangjiagang New Fellow Med Co., Ltd., Narang Medical Limited, and ROYAX. Key players are adopting strategies such as mergers, acquisitions, and product launches to strengthen their foothold in the market.
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Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.1.1 Estimates and forecast timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased database:
1.3.2 Radiant Insights internal database
1.3.3 Secondary sources
1.3.4 Primary research
1.3.5 Details of primary research
1.4 Information or Data Analysis
1.4.1 Data analysis models
1.5 Market Product & Validation
1.6 List of Secondary Sources
1.7 Objectives
1.7.1 Objective 1: Understanding market dynamics in the given countries.
1.7.2 Objective 2: Understanding market estimates and forecasts
1.7.3 Objective 3: Understanding attributes to provide elaborate details on the market structure & strategic undertakings & their impact.
1.7.4 Objective 4: Understanding key Product, type, and end use scopes to conclude on the market size.
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
Chapter 3 Ambulance Stretchers Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.1.2 Ancillary market outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Rising number of road accidents
3.3.1.2 Increasing prevalence of cardiovascular diseases
3.3.1.3 Favorable reimbursement policies
3.3.1.4 Rising medical tourism
3.3.1.5 Increasing bariatric & geriatric population
3.3.2 Market restraint analysis
3.3.2.1 Lack of skilled professionals in emergency care
3.3.2.2 High cost, unavailability, and remote factors of indigenous environments in under developed countries
3.4 Ambulance Stretchers Market: Analysis Tools
3.4.1 Industry analysis - Porter’s
3.4.2 PESTLE analysis
Chapter 4 Ambulance Stretchers Market: Segment Analysis, By Product, 2015 - 2026 (USD Million)
4.1 Definition and Scope
4.2 Product Market Share Analysis, 2018 & 2026
4.3 Segment Dashboard
4.4 Ambulance Stretchers Market, by Product, 2015 to 2026
4.5 Market Size & Forecasts and Trend Analyses, 2015 to 2026
4.5.1 Emergency Stretchers
4.5.1.1 Emergency stretchers market, 2015 - 2026 (USD Million)
4.5.2 Transport Stretchers
4.5.2.1 Transport stretchers market, 2015 - 2026 (USD Million)
Continued…
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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
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