Global Stretcher Chair Market: Snapshot
The demand in the global stretcher chair market is projected to expand at a CAGR of 4.0% during the forecast period of 2017 to 2022, gaining traction from a number of factors such as growing penetration of ecommerce, increasing disposable income among the urban population, rapidly incrementing percentage of geriatric among the world’s population, mushrooming number of specialty clinics, and recent technological advancements, which have made stretcher chairs lightweight, flexible, and a genuine aid for the transportation of the patients. On the other hand, high cost of these products continues to challenge the prosperity of the stretcher chair market in some of the underdeveloped countries.
General Stretcher Chairs Garnering Maximum Demand
Based on product type, the global stretcher chair market has been segmented into general stretcher chair and special stretcher chair. Though special stretcher chairs are customized with additional features, the consumers are currently opting for general stretcher chair, which is the segment that produced 62.6% of the demand in 2017, and is projected to be worth US$151.0 mn by 2022, representing a 60.8% of the total share of demand. The demand for this segment is projected to increment at a CAGR of 3.3% during the forecast period of 2017 to 2022, producing a revenue of US$4.6 mn annually over the said forecast period.
On the basis of end-users, the global stretcher chair market has been bifurcated into hospitals, ambulatory surgical centers (ASCs), and clinics. Presently, hospitals serve the maximum demand and are expected to sustain a strong demand for stretcher chair throughout the forecast period. Based on source type, the global stretcher chair market has been categorized into powered stretcher chair and manual stretcher chair.
North America Emerging As Highly Lucrative Region
Geographically, the report takes stock of the potential of the stretcher chair market in the regions of North America, Europe, Asia Pacific except Japan (APEJ), the Middle East and Africa, and Latin America, and in the country of Japan. In 2017, Europe accounted for 31.4% of the overall demand in the global stretcher chair market, although the region is projected for a moderate CAGR of 3.8%, which would mean it will eventually lose its prominent position to North America, which on the other hand is estimated for an above-average CAGR of 4.2% during the forecast period of 2017 to 2022. The North America stretcher chair market was worth US$51.0 mn in 2017 and is anticipated to constitute a demand worth of US$62.8 mn by 2022. High adoptability rate of new technology, availability of robust healthcare infrastructure, high buying capability of the citizens of developed countries such as the U.S., the U.K., France, and Germany, and escalating number of geriatrics are some of the key factors driving the European and North American stretcher chair market.
Asia Pacific except Japan is another substantial regional market, serving 25.8% of the total demand in 2017, and is expected to gain 20 BPS in its market share by 2022 over 2017. Revenue from the Japan stretcher chair market is anticipated to increase at a CAGR of 3.8% over 2017-2022, to reach US$ 21.5 mn by 2022.
Product Innovation to Define the Market Leader
The competitive landscape of the global stretcher chair market has a number of participants and most of them depend on differentiating themselves from their competitors by offering innovative products that ideally meet the requirement of the consumers. Some of the key companies currently operating in the global stretcher chair market are: Allengers Medical Systems Limited, Blue Chip Medical Products, Inc., Stryker Corporation, AMTAI Medical Equipment, Inc., CDR Systems, C-RAD AB, GF Health Products, Inc., Elekta AB, Getinge AB, Hill-Rom Holdings, Inc., Invacare Corp, Medtronic Plc., Leoni AG, medifa-hesse GmbH & CoKG, Novak M d.o.o, Skytron llc., Span America Medical System, Inc., OPT SurgiSystems S.R.L., STERIS, and Transmotion Medical, Inc.
Global Stretcher Chair Market: Overview
Stretcher chair makes for a market that has been evolving consistently for a number of decades, and will continue to prosper at a moderate rate for a foreseeable future. This report on the global stretcher market has been prepared by market research analysts, aspiring to serve as a credible business tool for its targeted audiences, such as original equipment manufacturers (OEMs) and hospital and healthcare vendors. The report provides forecasts for the duration of 2017 to 2022.
This report on the global stretcher chair market studies the present as well as future prospects of the market, across the globe. The stakeholders of this report include companies and intermediaries that are involved in the manufacturing and commercialization as well as the new entrants who are planning to enter this market. This report comprises a comprehensive executive summary along with a market snapshot providing brief information of different segments and their further sub-segments considered in the scope of the study. This section is also expected to reveal data analysis of the global stretcher chair market with respect to the leading market segments based on major products segment, end user, source type, and regions.
Global Stretcher Chair Market: Segmentations
Based on product type, the global stretcher chair market has been segmented into general stretcher chair and special stretcher chair, with the former producing 62.6% of the demand in 2017. Based on end-users, the global market for stretcher chair has been classified into hospitals, clinics, and ambulatory surgical centers (ASCs). On the basis of source type, the global stretcher chair market has been categorized into powered stretcher chair and manual stretcher chair.
Region- and country-wise, this report categorizes the global stretcher chair market into North America, Europe, Asia Pacific except Japan (APEJ), Latin America, and Middle East & Africa, and Japan. The current size of the market and its futuristic prospects for each of these regions has been provided for the period from 2017 to 2022, along with their respective CAGRs for the forecast period from 2017 to 2022, considering 2016 as the base year. One of the key aspect of this report is that it provides market size and forecast for major countries in the respective regions. The region of North America include the U.S. and Canada, Latin America includes Brazil, Argentina, and Mexico, Europe includes the U.K., Germany, France, Spain, Italy, and Nordic, APEJ includes China, India, Thailand, Singapore, Malaysia, and Australia, and MEA includes GCC countries, South Africa, Israel, and Nigeria.
Global Stretcher Chair Market: Research Methodologies
In order to evaluate the size of the market, an in-depth secondary research is was undertaken, which includes data points such as regional splits and market split by product type, source type, and end users have been assimilated to arrive at the market estimates. The report includes estimates and forecasts of the global revenue generated by sales of stretcher chairs. Transparency Market Research (TMR) analysts have triangulated the data via different analysis based on supply side and demand side, besides the dynamics of the stretcher chair market. TMR not only conducts forecasts in terms of value, but also projects the market based on crucial factors, for instance Year-on-Year (Y-o-Y) growth, cost structure, pricing analysis, and supplier list. This processes are expected to help the providers to recognize the future opportunities as well predictability of the market.
Global Stretcher Chair Market: Competitive Landscape
Some of the key companies currently operating in the global stretcher chair market are: Stryker Corporation, Allengers Medical Systems Limited, CDR Systems, C-RAD AB, AMTAI Medical Equipment, Inc., Invacare Corp, Leoni AG, Blue Chip Medical Products, Inc., Elekta AB, Getinge AB, GF Health Products, Inc., Hill-Rom Holdings, Inc., medifa-hesse GmbH & CoKG, Medtronic Plc., Novak M d.o.o, OPT SurgiSystems S.R.L., Skytron llc., STERIS, Span America Medical System, Inc., and Transmotion Medical, Inc.