Europe Hospital Stretchers Market Report and Forecast 2024-2032

Europe Hospital Stretchers Market Outlook

The global hospital stretchers market size was valued at USD 2.9 billion in 2023, with Europe holding a significant market share. The market is driven by the growing demand for technologically advanced stretchers. It is expected to grow at a CAGR of 5.37% during the forecast period of 2024-2032, with the values likely to attain USD 4.6 billion by 2032.

Key Takeaways

• According to recent data, 1 out of 3 adults in the European Union (EU) are estimated to have a chronic disease. Further, multi-morbidity is reported most in older patients. The rising prevalence of chronic diseases coupled with an increasing elderly population drives market demand.

• One of the major Europe hospital stretchers market trends is the rising product launches of technologically advanced transport solutions. In September 2023, Stryker Corporation introduced Prime Connect Smart Stretcher, a connected, smart hospital stretcher that can prevent patient falls in hospitals.

• In Europe, the prevalence of obesity is increasing sharply, with the United Kingdom having one of the highest obesity rates, affecting nearly 27.8% of the population. This is expected to increase the demand for bariatric stretchers in the region.

Europe Hospital Stretchers Market Analysis

Hospital stretchers find their application in healthcare facilities, mainly for transporting patients requiring medical attention. Efficient transport solutions are crucial in hospitals to minimize delays and improve patient outcomes. The rising adoption of advanced stretcher designs such as specialty stretchers and bariatric stretchers to accommodate diverse patient populations and medical needs is expected to drive the Europe hospital stretchers market growth.

The increased prevalence of various chronic diseases in the region is leading to a greater patient influx in the healthcare settings, which is fuelling the demand for healthcare services including hospital stretchers. According to recent data, 1 out of 3 adults in the European Union (EU) are estimated to have a chronic disease. Further, the growing aging population also influences the market dynamics, with multi-morbidity (having two or more chronic diseases) reported most commonly in older patients. Thus, the rising prevalence of chronic diseases coupled with an increasing elderly population are likely to augment the Europe hospital stretchers market demand.

The presence of key market players actively engaged in the development of innovative products also propels market growth in the region. Stryker Corporation is one such leading medical technology company, with 16 manufacturing, and research and development facilities in Europe. In September 2023, the company launched its Prime Connect Smart Stretcher, the smart and connected hospital stretcher that can prevent patient falls in hospitals at the Emergency Nursing 2023 event. The stretcher features visual and audible bed exit alarms and also enables wireless real-time communication of vital patient information with the healthcare staff through a protocol management dashboard called Vision. The launch of such technologically advanced transport devices is anticipated to elevate Europe hospital stretchers market value in coming years.

In Europe, the prevalence of obesity is increasing sharply, with the United Kingdom having one of the highest obesity rates, affecting nearly 27.8% of the population. Bariatric stretchers are needed for the transportation of obese individuals in ambulances and hospitals. Some of these medical stretchers can even carry a patient of 750 pounds, indicating their ability to transport patients of all sizes. The rising prevalence of obesity is expected to increase the demand for bariatric stretchers, thereby influencing the market dynamics.

Europe Hospital Stretchers Market Segmentation

The report offers a detailed analysis of the market based on the following segments:

Europe Hospital Stretchers Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Stryker

• HILLROM & WELCH ALLYN

• Royax

• Advanced Instruments Holdings Ltd.

• AneticAid

• Arjo

• Guldmann UK

• LINET

• Earlybird Venture GmbH

• MAC’s MEDICAL GROUP

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report