Market Analysis: Patient Transport is a Key Market
From stretchers to wheelchairs to slings that hang down from the ceiling, patient transport and positioning is an important part of health care around the world. Product development and an increased awareness and focus on caregiver safety and injury prevention are among factors fueling the patient transport market in the heath care sector of the world economy.
Transparency Market Research recently reported on a portion of this growing market.
“Hospital stretchers are apparatus used to transport a patient from one location to another, inside or outside of medical infrastructure premises. In addition to patient transportation, hospital stretchers are also used for several specialized functions such as hospital beds, surgical platforms, and diagnostic and emergency platforms,” according to Transparency Market Research.
“Rapidly aging population, increasing prevalence of chronic disorders, growing number of ambulatory care centers/day care surgeries are some of the factors that are likely to drive the growth of the market,” Transparency Market Research reports. “According to the Heart Foundation in Australia, cardiovascular diseases were major cause of hospitalizations (482,000) in 2009 and 2010. Moreover, the number of hospitalizations in the U.S. in 2010 was 38.6 million and respiratory and circulatory disorders accounted for 15 percent of these total admissions. Additionally, continuous increase in number of ambulatory surgical centers (ASCs) due to growing demand of day care surgeries is also a major factor anticipated to fuel the market of hospital stretchers.”
Technavio, a global technology research and advisory company, recently reported on the global hospital stretchers market for the period of 2016-2020. Technavio sees emerging trends, something that has potential for significant impact on the market and contributes to its growth or decline, that it expects to impact the overall market.
“In 2015, the global hospital stretchers market was dominated by the Americas, which accounted for a share of 46.18 percent. The U.S. was the largest revenue contributor to this region. One of the major factors that contributed to the growth of the market was the rise in older population that increased the prevalence of chronic diseases including cardiac and gastrointestinal diseases, osteoporosis, and obesity,” said Barath Palada, one of Technavio’s lead industry analysts for orthopedics and medical devices research.
“Advances in technology (in product design, structure, and usage) and shift from non-motorized to motorized hospital stretchers have also contributed to the growth of the market in the Americas. Vendors in the U.S. market are adopting new strategies such as technology innovation and development of lightweight models with better ergonomics for hospital stretchers,” added Barath.
Technavio’s market research study identifies the three emerging trends expected to propel the growth of the global hospital stretchers market. These trends are the growing importance of advanced hospital stretchers, a shift from conventional non-motorized stretchers to motorized hospital stretchers, and an increase in medical tourism.