The global ambulance stretchers market was valued at USD 680.0 million in 2020 and is expected to grow at a CAGR of 6.1% during the forecast period. Globally, key players in the ambulance stretchers market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In November 2018, Ontario signed an agreement with HeliMod, for the equipment of an improved stretcher system in the Ornge fleet of AW139 helicopters.

The increasing trauma and accidental cases, escalating geriatric population, a surge in medical tourism, increasing healthcare expenditure, a surge in alertness among the general public about emergency services, and improving healthcare infrastructure in developing countries are the primary growth drivers for the ambulance stretchers market.

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On the basis of technology, the market is subdivided into pneumatic, manual, and electric powered. Of all technologies, the electrical segment is expected to grow at the fastest rate in the market, owing to mounting investment by major players in the innovation and launch of technologically advanced products.

Geographically, North America is the largest ambulance stretcher market as in the region, owing to presence of a large number of key players, promising reimbursement scenario, and escalating geriatric population. In addition, a surge in the prevalence of cardiovascular diseases and a mounting need for high-quality healthcare services are also up surging the growth of the North American ambulance stretchers market.

Some of the key players operating in the global ambulance stretchers market are Hill-Rom Holdings, Inc., Getting Group, Stryker Corporation, Omega Surgical Industries, Dragon Industry (ZJG) Co., Ltd., Medline Medical Equipment, Inc., Fu Shun Hsing Technology Co., Ltd., Zhangjiagang New Fellow Med Co., Ltd., and Ferno-Washington, Inc.

Source: VynZ Research