Stretcher Chairs Market – Snapshot
Stretcher chairs, used to carry patients from one place to another within and outside of a health care center conveniently, are witnessing a constant increase in demand. Continuous innovation has helped drive uptake of these equipment. Players in the market have been spending money and time on developing better products. Hence, the market has evolved consistently for a number of decades. The global stretcher chairs market was valued at US$ 215.30 Mn in 2017 and is anticipated to expand at a CAGR of 4.1% from 2018 to 2026. The general stretcher chairs segment dominates the global market. Advancements in stretcher chairs has led to development of a wide range of products that have enabled clinicians to provide proper emergency assistance to patients. The concept of automation has extended to stretcher chairs as well, which is less labor intensive, rapid, and easy-to-use. Combination of various technologies has increased the yield and productivity. This technological revolution in stretcher chairs is expected to drive the market from 2018 to 2026. Prevalence of numerous diseases such as cancer, diabetes, and neurological disorders has increased due to rise in geriatric population and changing lifestyles in developing economies. For instance, data released by the WHO suggested that the global geriatric population is expected to increase from 524 million in 2010 to 1.5 billion by 2050.
The global stretcher chairs market has been segmented based on product type, technology, and region. In terms of product type, the global market has been bifurcated into general stretcher chairs and special stretcher chairs. General stretcher chairs are the most commonly used products in the market. The segment is expected to continue to dominate the market during the forecast period due to their multipurpose usage feature. This feature plays a vital role during medical surgeries, patient transfers via ambulance, and other medical conditions requiring adjustments. Moreover, purchasing a general stretcher chair often proves to be an economically better investment in multispecialty hospitals that provide various specialty services. Special stretcher chairs help in meeting the particular demand of patients and also offer quick turnaround time during emergency. These factors in turn accelerate the growth of the market. Constant advancements in shape, size, design, and operation of stretcher chairs drive demand for special stretcher chairs. Based on technology, the global stretcher chairs market has been segmented into powered stretcher chairs and manual stretcher chairs. Powered stretcher chairs is an emerging segment of the market. The segment is driven by key factors such as increase in demand for technologically advanced stretcher chairs in multispecialty and super-specialty hospitals, and rise in bariatric population whose transport via non-motorized stretchers might be a challenge. However, high cost of powered stretcher chairs, complex engineering, and high maintenance are the major restraints of the segment. In terms of end-user, the global stretcher chairs market has been divided into hospitals & clinics, ambulatory surgical centers, and others. Growth of the hospitals & clinics segment can be attributed to the increase in adoption of stretcher chairs in hospitals & clinics to shift patients safely.
Geographically, North America dominated the global stretcher chairs market in 2017 owing to a highly developed health care sector, increase in awareness among health care provides about safe patient handling and mobility, and continuous evolution of patient handling technology. The region presents significant opportunities in the stretcher chairs market. Europe is also an attractive market in term of revenue. Rise in government initiatives and laws and increase in population drive the stretcher chairs market in the region. Moreover, surge in the prevalence of degenerative diseases such as dementia, Alzheimer’s, Parkinson’s, and their associated symptoms adversely affects the quality of life and functioning of the patients. Increase in awareness about safe patient handling and mobility and growth of the health care sector in developing countries augment the market in Europe. Technological advancements and increase in adoption of stretcher chairs are expected to propel the stretcher chairs market in Asia Pacific, Latin America, and MEA during the forecast period.
Key players in the global stretcher chairs market include GF Health Products, Inc., medifa GmbH & Co. KG, Winco Mfg., LLC, Stryker Corporation, Hill-Rom Holdings, Inc., Wy'East Medical Corporation, IBIOM Instruments Ltée, AMTAI Medical Equipment, Inc., Productos Metálicos del Bages, S.L. (Promeba), NovyMed International BV, and UFSK-International OSYS GmbH. The future presents challenges for the market leaders and niche suppliers due to continuous expansion through acquisitions and increase in the number of customers. Major technological trends have been observed among the leading players in the global stretcher chairs market. For instance, in June 2015, Winco Mfg., LLC acquired the assets of TransMotion Medical, Inc. This acquisition helped the company to expand presence in the specialty medical treatment stretcher chairs segment.
Stretcher Chairs Market - Overview
Stretcher chairs are all purpose chairs that can be used as both patient transport system and treatment chairs for various small procedures. Stretcher chairs are also considered ideal for medical facilities with small or compact spaces. These chairs can be adjustable, electrical, hydraulic, or pneumatic. These maximize patient throughput by providing a single surface for critical patients for transport, examination, procedure, and discharge. Special stretcher chairs are specially designed patient transport chairs that are used for specific medical procedures such as imaging, eye surgery, gynecology examination, and bariatric procedures. For instance, Hausted Video Imaging Chair (VIC) is intended for modified barium swallow studies for AP and lateral imaging with detachable back extensions.
The global stretcher chairs market has been extensively analyzed based on product type, technology, end-user, and region. In terms of product type, the market has been bifurcated into general stretcher chairs and special stretcher chairs. Based on technology, the global stretcher chairs market has been classified into powered stretcher chairs and manual stretcher chairs. Based on end-user, the global stretcher chairs market has been categorized into hospitals & clinics, ambulatory surgical centers, and others. Each of the segments has been analyzed in detail for market trends, recent developments, outlook, and opportunities. The report provides current and future market size for each segment and sub-segment for the period from 2018 to 2026, in terms of revenue in US$ Mn, considering 2016 and 2017 as the base years. The compound annual growth rate (%CAGR) for each market segment has been provided for the forecast period from 2018 to 2026 along with the estimations of market size.
Geographically, the global stretcher chairs market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been further segmented by major countries and sub-regions. The current and future market sizes in terms of revenue (US$ Mn) of these regional markets and their major countries have been provided in the report for the period from 2016 to 2026, with their growth rate (%) for the period from 2018 to 2026. The study also offers a list of recommendations and highlights of the market for new companies willing to enter the market and for existing companies to increase market shares, which is likely to help in the decision-making process.
The market overview section of the report demonstrates the market dynamics and market trends such as drivers, restraints, opportunities, and key trends that influence the current and future status of the stretcher chairs industry. The report also covers market attractiveness analysis and key market share analysis in the market overview section in order to provide a thorough analysis of the overall competitive scenario in the global stretcher chairs market.
The report concludes with the company profiles section that includes key information about the major players in the market. Key players profiled in this report include GF Health Products, Inc., medifa GmbH & Co. KG, Winco Mfg., LLC, Stryker Corporation, Hill-Rom Holdings, Inc., Wy'East Medical Corporation, IBIOM Instruments Ltée, AMTAI Medical Equipment, Inc., Productos Metálicos del Bages, S.L. (Promeba), NovyMed International BV, and UFSK-International OSYS GmbH. Each of these players has been profiled in the report considering parameters such as company overview, financial overview, business strategies, product portfolio, and recent developments.
The global stretcher chairs market is segmented as follows:
Global Stretcher Chairs Market, by Product Type
- General Stretcher Chairs
- Special Stretcher Chairs
Global Stretcher Chairs Market, by Technology
- Powered Stretcher Chairs
- Manual Stretcher Chairs
Global Stretcher Chairs Market, by End-user
- Hospitals & Clinics
- Ambulatory Surgical Centers (ASCs)
Global Stretcher Chairs Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa