Hospital stretchers Market Global Research, Demand and Top Leading Player By 2026

The global hospital stretchers market was estimated at USD 2,318 million in 2018, with a compound annual growth rate (CAGR) of 5.7 percent predicted from 2018 to 2026.


The global hospital stretchers market was estimated at USD 2,318 million in 2018, with a compound annual growth rate (CAGR) of 5.7 percent predicted from 2018 to 2026. Chronic disease incidence is rising, as is the senior population, hospitalization rates are rising, and technology improvements are propelling the industry forward. Furthermore, over the projection period, an increase in surgical and medical operations is expected to fuel product demand. Chronic diseases such as diabetes, cardiovascular disorders, cancer, respiratory disease, and other autoimmune diseases are on the rise around the world, which is fueling market expansion.

Chronic disease prevalence is influenced by factors such as the adoption of unhealthy and sedentary lifestyles, rising obesity rates, and increased alcohol and smoking intake. Heart disease is one of the leading causes of death around the world. According to the WHO, roughly 17.9 million people die each year as a result of CVDs. According to the CDC, 805,000 Americans have a heart attack each year, and 655,000 die from heart disease.

In addition, the increased incidence of cancer is pushing up demand for hospital stretchers. According to predictions released by the International Agency for Research on Cancer (IARC) in GLOBOCAN 2020, the cancer burden will have increased to 19.3 million cases and 10 million cancer deaths by 2020. As a result, an increase in chronic diseases is considered to be a major driver of market expansion.

The hospital stretchers market in the United States will be driven by the large senior population, which has a weakened immune system and is more prone to chronic illnesses. According to the WHO, the worldwide population of people aged 60 and more will reach 2 billion by 2050. Furthermore, by 2050, 80 percent of the world's elderly will reside in low- and middle-income countries. Furthermore, roughly 727 million individuals over the age of 65 lived in the world in 2020, with the World Bank projecting that this figure will double by 2050.

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