Global Market Study on Ambulance Stretchers: North America to Remain Dominant Regional Market Through 2026


Ambulance Stretchers  Market
  • Published On : Jul-2018 |
  • Pages : 216 Pages |
  • Format :

Report Description

This Persistence Market Research (PMR) report examines the global ambulance stretchers market for the period 2018–2026. The primary objective of the report is to offer insights into market opportunity for the ambulance stretchers market.

The global ambulance stretchers market has seen tremendous growth in the last decade. The market for ambulance stretchers is primarily driven by expanding aging demographics, launch of new private EMS providers, adoption of ambulance services in emerging markets and improving technology of stretchers. However, high cost of ambulance rides and lack of skilled professionals are some of the prime barriers in the growth of the market.

The global ambulance stretchers market has been segmented based on:

  • Product Type
  • Technology
  • End Users
  • Regions

The report analyzes the global ambulance stretchers market in terms of value and volume (US$ Mn). The report begins with the market definition and explaining different products and technologies. The market view point section includes PMR’s analysis on key trends, drivers, opportunities, trends and macro factors influencing the global market. Some of the key inclusions are number of ambulances, pricing analysis and a list of major EMS providers.

The report analyzes the market based on regions and presents the forecast in terms of value for the next 8 years. Regions covered in the report include:

  • North America
  • Latin America
  • Europe
  • Asia Pacific except China (APEC)
  • China
  • Middle East and Africa (MEA)

Each of these sections analyze the regional market by product type, technology, end users and country. The regional introductory section provides a snapshot of the region and the segmental market shares. The representative market participants section gives the list of companies operating in every region, competitive landscape and intensity map of their presence in each region.

To arrive at the market size, we have used our in-house installed base model to estimate the size of the ambulance stretchers market. We have adopted bottom-up approach to forecast the ambulance stretchers market globally. The following parameters are used to estimate the market size for the base year 2017:

  • Country level data for number of ambulance for calculating installed base
  • Average number of stretchers in an ambulance
  • Rate of replacement and new sales
  • Average cost of the ambulance stretchers

Weighted average selling price is considered to estimate the market size of ambulance stretchers mentioned in the scope of the study. The country price is captured with the local currency. The local currency figures are then converted to USD to offer forecasts in a consistent currency standard. Furthermore, PMR has also considered the latest annual exchange rate to reflect the impact of the most recent economic conditions of a country.

The forecast presented in the report provides total revenue of currently approved ambulance stretchers over 2018–2026. In addition, we have taken into consideration the year-on-year growth to understand the predictability of the market and to identify the right growth opportunities in the global market.

In the next section of the report, the ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and to access the key differentiators among the competitor firms. The market structure analysis provides tier-wise breakdown of total market revenue. The section also provides company share analysis and brand share analysis for key market players. Brand competition analysis enables the client to identify their position in the market in comparison to their global peers. This section is primarily designed to provide clients with an objective and detailed comparative assessment of product offerings and strategies of key providers specific to the market segments. Detailed profiles of players in ambulance stretchers market are also provided in the report, which highlight company description, overview, product/segment overview, SWOT analysis, financial information, key developments related to market and strategic overview.

The next section of report analyzes the market based on product type and presents the forecast in terms of value for the next 8 years. The ambulance stretcher types covered in the report include:

  • Emergency Stretchers
  • Transport Stretchers

The next section of report analyses the market based on technology of ambulance stretchers products and provides forecast in terms of value for the next 8 years. The technologies covered in this report include:

  • Manual Stretchers
  • Pneumatic Stretchers
  • Electric Powered Stretchers

The next section of report analyses the market based on end users of ambulance stretchers products and provides forecast in terms of value for the next 8 years. The end users covered in this report include:

  • EMS Providers
  • Hospitals
  • Ambulatory Service Centers
  • Other Facilities

Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective of the products. To understand key growth segments, Persistence Market Research provides the ‘Attractiveness Index’ analysis, which helps to identify real market opportunities.

A stretcher is used to carry patients while transportation. Ambulance stretchers are used in an ambulance for the transportation of a patient; either for emergency or non-emergency transport. These stretchers are also called ambulance trolleys; they may be manual, pneumatic or electric in nature. Manual stretchers are the ones that require a paramedic to handle and operate. These include the mechanical auto loading stretchers, which are not powered. Pneumatic stretchers are also known as hydraulic stretchers. The movement of these stretchers is controlled by a hydraulic mechanism attached to it. These stretchers may also be hybrid type that have a hydraulic mechanism, which is battery powered. The electric stretchers need battery power for the functioning of the mechanics of the stretcher.

In developed regions such as the U.S., U.K., Germany and Australia, pneumatic and electric powered stretchers are rapidly replacing the manual stretchers. However, in low-income countries manual stretchers are generally used due to their low price and ease of availability.

Ambulance Stretchers Market

Market Value and Forecast

PMR estimates that the global market for ambulance stretchers is expected to surpass US$ 264.8 Mn by 2026 end, expanding at a CAGR of 2–3% over 2018–2026. The emergency stretchers is expected to be the dominant segment in the global ambulance stretchers market in 2017. Asia Pacific is expected to expand at a high CAGR of above 2% over the forecast period.

Market Dynamics

The global ambulance stretchers market is expected to be driven by increasing ageing population, increased government spending on healthcare, growing medical tourism, and rising awareness among general public about emergency services. The growing number of road accidents, especially in the APAC region, along with increasing global prevalence of cardio vascular diseases is expected to increase the adoption of emergency services. In most of the regions across the world the number of ambulances on an average is higher than the minimum required, however the distribution of ambulances geographically is highly uneven. This is the major factor driving the demand for ambulance services in rural and densely populated regions, which in turn is driving the growth of the global ambulance stretchers market. Furthermore, factors such as high cost of ambulance services and lack of skilled professionals in the emergency services are expected to hamper the growth of the global ambulance stretchers market.

Key Regions

The global market for ambulance stretchers is segmented in to six key regions viz. North America, Latin America, Europe, Asia Pacific except China (APEC), China and the Middle East and Africa (MEA).  North America accounted a leading share in 2017, followed by Europe and Asia Pacific. The North America ambulance stretchers market is foreseen to lose its share to Asia Pacific, partly due to presence of large number of local manufacturers of ambulance stretchers in the Asia Pacific region. Thus, the ambulance stretchers market in the Asia Pacific has a strong growth during the forecasted period. China, being one of the most populated regions in the world, has one of the high aged population and it is grow steadily. The increasing ageing population in the region is expected to drive the growth of the ambulance stretchers market in the region.

Key Players

Examples of some of the key players identified in the global ambulance stretchers market include Stryker Corporation, Ferno-Washington Inc., Omega Surgical, Zhangjiagang New Fellow Med Co.,Ltd., Dragon Industry(ZJG) Co., Ltd, Narang Medical Limited, Jiangsu Rixin Medical Equipment Co., Ltd. and Jiangsu Saikang Medical Equipment Co. Ltd. With over 13% value share, Stryker Corporation dominates the global market for ambulance stretchers.

Company Profiles
  • Stryker Corporation
  • Ferno-Washington, Inc.
  • Omega Surgical Industries
  • Zhangjiagang New Fellow Med Co., Ltd.
  • Dragon Industry(ZJG) Co., Ltd
  • Narang Medical Limited
  • Jiangsu Rixin Medical Equipment Co., Ltd.
  • Jiangsu Saikang Medical Equipment Co. Ltd.
  • Others.
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