Increase in Air Ambulances to Drive Global Ambulance Stretchers Market

The global market for ambulance stretchers is expected to be valued at USD 223.1 million in 2018 and is expected to expand at CAGR of 2.1 percent over 2018–2026, to reach USD 264.8 million by 2026 end. Based on product type, emergency stretchers segment dominated the global ambulance stretchers market, with over 59.0 percent value share in 2017. The segment is expected to grow at 2.0 percent CAGR. North America is expected to maintain its dominance in the global market due to large number of private ambulance services that offer ambulance rides at low rates. Increasing ageing population is the major factor driving the growth of the global market. Over the past few years, the market for ambulance stretchers has seen tremendous growth in the APAC region due to launch of new ambulance/emergency services and their growing fleet size. Rise in use of air ambulances in the developed regions such as the US and UK is another factor driving the growth of the market. However, high cost of ambulance rides and lack of skilled professionals are the factors limiting the growth of the global market.

Globally, emergency stretchers segment is expected to be the most attractive product type segment. Among the technologies, the manual stretchers segment is estimated to contribute 36.0 percent share in the global market. Among end users of ambulance stretchers, EMS Providers is expected to be the most lucrative end-use segment, as the number of private EMS providers is growing globally. In terms of value, the global ambulance stretchers market is expected to expand at 2.2 percent CAGR. With nearly 32.9 percent market share, North America dominated global Ambulance Stretchers market in 2017, partly due to growing number of private and air ambulances in the region. Europe is expected to be the second large market globally, with UK, Turkey, Russia, and Germany being countries with high growth rates. APEC is expected to the third large market for ambulance stretchers, primarily due to improving healthcare and medical tourism in the region. – Persistence Market Research