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Stretcher Chairs Market is Expected To Demonstrate a CAGR of 4.1% by 2026
Posted: Dec 14, 2018
Stretcher Chairs Market – Snapshot
Stretcher chairs, used to carry patients from one place to another within and outside of a health care center conveniently, are witnessing a constant increase in demand. Continuous innovation has helped drive uptake of these equipment. Players in the market have been spending money and time on developing better products. Hence, the market has evolved consistently for a number of decades. The global stretcher chairs market was valued at US$ 215.30 Mn in 2017 and is anticipated to expand at a CAGR of 4.1% from 2018 to 2026. The general stretcher chairs segment dominates the global market. Advancements in stretcher chairs has led to development of a wide range of products that have enabled clinicians to provide proper emergency assistance to patients. The concept of automation has extended to stretcher chairs as well, which is less labor intensive, rapid, and easy-to-use. Combination of various technologies has increased the yield and productivity. This technological revolution in stretcher chairs is expected to drive the market from 2018 to 2026. Prevalence of numerous diseases such as cancer, diabetes, and neurological disorders has increased due to rise in geriatric population and changing lifestyles in developing economies. For instance, data released by the WHO suggested that the global geriatric population is expected to increase from 524 million in 2010 to 1.5 billion by 2050.
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The global stretcher chairs market has been segmented based on product type, technology, and region. In terms of product type, the global market has been bifurcated into general stretcher chairs and special stretcher chairs. General stretcher chairs are the most commonly used products in the market. The segment is expected to continue to dominate the market during the forecast period due to their multipurpose usage feature. This feature plays a vital role during medical surgeries, patient transfers via ambulance, and other medical conditions requiring adjustments. Moreover, purchasing a general stretcher chair often proves to be an economically better investment in multispecialty hospitals that provide various specialty services. Special stretcher chairs help in meeting the particular demand of patients and also offer quick turnaround time during emergency. These factors in turn accelerate the growth of the market. Constant advancements in shape, size, design, and operation of stretcher chairs drive demand for special stretcher chairs. Based on technology, the global stretcher chairs market has been segmented into powered stretcher chairs and manual stretcher chairs. Powered stretcher chairs is an emerging segment of the market. The segment is driven by key factors such as increase in demand for technologically advanced stretcher chairs in multispecialty and super-specialty hospitals, and rise in bariatric population whose transport via non-motorized stretchers might be a challenge. However, high cost of powered stretcher chairs, complex engineering, and high maintenance are the major restraints of the segment. In terms of end-user, the global stretcher chairs market has been divided into hospitals & clinics, ambulatory surgical centers, and others. Growth of the hospitals & clinics segment can be attributed to the increase in adoption of stretcher chairs in hospitals & clinics to shift patients safely.
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