Stretcher Chairs Market Size
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Stretcher Chairs Market Analysis
The stretcher chairs market studied was projected to grow with a CAGR of nearly 4.3% over the forecast period.
COVID-19 had a significant impact on the growth of the market during the pandemic period. There was increasing demand for stretcher chairs or wheelchairs during the pandemic due to the supply chain shortage, which paved the way for developing innovative products. According to the article published in NCBI in September 2020, the dual-purpose wheelchair was designed, simulated, and animated with computer-aided design software. The ease of handling, engaging, and disengaging the wheelchair from chair mode to bed mode, coupled with comfortability and stability, has made it an excellent alternative to a hospital bed in an isolation center for COVID-19 patients. Thus, COVID-19 led to the development of innovative products, thereby contributing to the market's growth during the pandemic period.
The primary factor contributing to the market growth is the increase in the incidence of trauma and the increasing number of accidents. An article published by the Global Burden of Disease in August 2021 reported that globally, there were 178 million new fractures, 455 million prevalent cases of acute or long-term symptoms of a fracture, and 258 million years lived with disability (YLDs).
Similarly, an article published by the Ohio State University in 2021 reported that 6 million people in the United States broke a bone each year. Also, hip fractures become the most common broken bone in those over age 75. Fractures account for 16% of all musculoskeletal injuries in the United States annually. More than 40% of fractures occur at home. Therefore, the increasing incidence of bone fractures in the aging population, mainly hip fractures, requires assistance for routine activities. This is expected to boost the requirement for stretcher chairs for patients at home and in hospitals. As the number of patients increases, the demand for stretcher chairs will likely propel over the forecast period. However, the high cost of powered stretcher chairs is expected to restrain the market's growth over the forecast period.
Stretcher Chairs Market Trends
This section covers the major market trends shaping the Stretcher Chairs Market according to our research experts:
Manual Chairs Segment is Dominating the Stretcher Chairs Market Over the Forecast Period
Manual stretcher chairs are the most regularly used products in the market. Due to its multipurpose usage feature, the segment is expected to continue to dictate the market during the forecast period. This feature is crucial during medical surgeries, patient transfers via ambulance, and other medical circumstances requiring adjustments. Likewise, purchasing a manual stretcher chair often proves to be an economically better investment in multispecialty hospitals that provide various speciality services. Most countries cannot afford powered stretcher chairs, so the sales of manual chairs are maximum.
The other factors that play a crucial role in the segment's growth are the increasing incidence of accidents, trauma, and other chronic diseases, where there is an emergency, and the patients have to be transferred using stretcher chairs. The critical facts published by WHO in February 2021 reported that about 1.71 billion people have musculoskeletal conditions worldwide. Musculoskeletal conditions are the leading contributor to disability worldwide, with low back pain being the single leading cause of disability in 160 countries. Among musculoskeletal disorders, lower back pain was the highest burden, with a prevalence of 568 million people.
According to the same source, the aging population in the world is increasing, and the number of people with musculoskeletal conditions is proliferating. Musculoskeletal conditions are also the most significant contributor to years lived with disability (YLDs) worldwide, with approximately 149 million YLDS accounting for 17% of all YLDs worldwide. Thus, the increasing number of musculoskeletal disorders is expected to increase the need for external help with stretcher chairs, accelerating market growth.
North America is Expected to Dominate the Market and Expected to do Same During the Forecast Period
North America is expected to dominate the overall market, throughout the forecast period. Factors contributing to the growth of the market include the high prevalence of accidents and trauma in the region and established healthcare infrastructure and the presence of key players in this region. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase the market growth. In this region the United States has the maximum share due to supportive healthcare policies, the high number of patients, and a developed healthcare market. According to CDC data updated in March 2022, the number of emergency department visits was 130 million and the number of injury-related visits was 35 million in the United States in 2021. This number of emergency visits coupled with an increased number of injuries is expected to lead to increased adoption of stretcher chairs in the United States, thereby expected to drive the growth of the studied market.
Moreover, the American Hospital Association (AHA) statistics show that the number of active hospitals in the United States increased from 5,534 in 2016 to 6,093 in 2020. Thus, a steep rise in the volume of hospitals and increasing hospital admissions drives higher demand. Therefore, the increasing patient pool and increasing disposable revenue in this country boost the market growth of the region.
Stretcher Chairs Industry Overview
The Stretcher Chairs market is moderately competitive and consists of several major players. The prospect presents challenges for the market leaders and niche suppliers due to continuous expansion through acquisitions and an increase in the number of customers. Major technological trends have been observed among the leading global stretcher chair market players. Some companies currently dominating the market are GF Health Products, Inc, Winco Mfg LLC, Stryker Corporation, Wy'East Medical Corporation, IBIOM Instruments Ltée, AMTAI Medical Equipment, Inc, Productos Metálicos del Bages, S.L, NovyMed International BV, UFSK-International OSYS GmbH.
Stretcher Chairs Market Leaders
-
GF Health Products, Inc
-
Winco Mfg LLC
-
Stryker Corporation
-
Wy'East Medical Corporation
-
IBIOM Instruments Ltée
*Disclaimer: Major Players sorted in no particular order
Stretcher Chairs Market News
- In May 2022, LINET launched the premium emergency and transportation stretcher "Sprint 200" to significantly reduce musculoskeletal disorders of caregivers across the globe.
- In March 2021, Winco Manufacturing, LLC was acquired by Champion Manufacturing Inc, creating a broad provider of clinical seating solutions supporting caregivers across the healthcare continuum from residential care to treatment and specialty procedural care environments.
Stretcher Chairs Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Number of Accidents and Trauma
4.2.2 Rise in Geriatric Population
4.3 Market Restraints
4.3.1 High Cost of Powered Chairs
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Value in - USD Millions)
5.1 By Product
5.1.1 Powered Chairs
5.1.2 Manual Chairs
5.2 By End-User
5.2.1 Hospitals
5.2.2 Ambulatory Surgical Centers
5.2.3 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 GF Health Products, Inc
6.1.2 Winco Mfg LLC
6.1.3 Stryker Corporation
6.1.4 Wy'East Medical Corporation
6.1.5 IBIOM Instruments Ltee
6.1.6 AMTAI Medical Equipment, Inc
6.1.7 Productos Metelicos del Bages, S.L
6.1.8 NovyMed International BV
6.1.9 UFSK-International OSYS GmbH
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Stretcher Chairs Industry Segmentation
As per the scope of the report, stretcher chairs are used to conveniently carry patients from one place to another within and outside of a healthcare center. The Stretcher Chairs market is segmented by Product (Powered Chairs, Manual Chairs), by End-User (Hospitals, Ambulatory Surgical Centers, and Others), and by Geography (North America, Europe, Asia-Pacific, Middle East, Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Product | |
| Powered Chairs | |
| Manual Chairs |
| By End-User | |
| Hospitals | |
| Ambulatory Surgical Centers | |
| Others |
| Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Stretcher Chairs Market Research FAQs
What is the current Stretcher Chairs Market size?
The Stretcher Chairs Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)
Who are the key players in Stretcher Chairs Market?
GF Health Products, Inc, Winco Mfg LLC, Stryker Corporation, Wy'East Medical Corporation and IBIOM Instruments Ltée are the major companies operating in the Stretcher Chairs Market.
Which is the fastest growing region in Stretcher Chairs Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Stretcher Chairs Market?
In 2024, the North America accounts for the largest market share in Stretcher Chairs Market.
What years does this Stretcher Chairs Market cover?
The report covers the Stretcher Chairs Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Stretcher Chairs Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Stretcher Chairs Industry Report
Statistics for the 2024 Stretcher Chairs market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Stretcher Chairs analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
