Stretcher Chairs Market Size, Trends and Insights By Product (General Stretcher Chairs, Special Stretcher Chairs), By Technology (Powered Stretcher Chairs, Manual Stretcher Chairs), By End User (Hospitals and Clinics, Ambulatory Surgical Centers, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- GF Health Products Inc.
- medifa GmbH & Co. KG
- Winco Mfg. LLC
- Stryker Corporation
- Hill-Rom Holdings Inc.
- Others
Reports Description
Global Stretcher Chairs Market was valued at USD 243.5 Million in 2024 and is expected to reach USD 365.6 Million by 2033, at a CAGR of 5.3% during the forecast period 2024 – 2033.
Stretcher chairs are medical gadgets that function as both chairs to provide patient seating and a stretcher for transfer inside healthcare facilities. These adaptable gadgets include movable backrests, footrests, and armrests to keep patients comfortable and supported throughout transit.
Stretcher Chairs Market: Growth Factors
Rising geriatric population
The growing geriatric population is a major driver of the Stretcher Chairs market, owing to the rising incidence of chronic diseases and age-associated mobility difficulties among the elderly. As the population ages, there is an increased demand for medical technology that allows for safe and pleasant patient transportation, especially in medical facilities like nursing homes, hospitals, and ambulatory care centres.
Stretcher chairs are versatile and useful, acting as both a chair for comfort for patients and a stretcher for movement. Furthermore, innovations in stretcher chair design, such as customisable features, ergonomic support, and increased manoeuvrability, address the special demands of older patients, assuring maximum comfort and safety throughout travel.
Therefore, the increasing elderly population pushes the development of stretcher chairs as healthcare institutions attempt to meet the evolving demands of aging demographics and provide high-quality care for elderly patients.
For instance, as per World Population Prospects 2022, the population above those over the age of 65 is expanding faster than the population under that age. This implies that the percentage of the world population aged 65 and beyond is predicted to climb from 10% in 2022 to 16% in 2050.
It is anticipated that by 2050, the global population of people aged 65 and more will be double that of children under the age of five, and nearly equal to that of kids under the age of twelve.
Growing accident cases and the need for emergency medical services
The rising number of accidents and a growing need for immediate emergency medical services are important drivers of the Stretcher Chairs industry. As accidents cause numerous injuries and medical crises, such as trauma, fractures, and cardiac events, the need for rapid and secure medical transport solutions grows.
Stretcher chairs have diverse and ergonomic designs that allow for simple movement of patients from accident sites to medical facilities, resulting in prompt and pleasant treatment delivery. Furthermore, with an emphasis on minimising turnaround times and enhancing patient outcomes in medical emergencies, stretcher chairs with features such as adjustable heights, lock mechanisms, and patient comfort upgrades are high in demand.
In addition, advances in Stretcher Chairs technology, such as lightweight materials, foldable designs, and incorporated medical equipment, add to market growth by enhancing portability, manoeuvrability, and overall usability in emergency care settings. For instance, the potential of an accident, particularly a road crash, is unavoidable, therefore managing and limiting them becomes vital.
Because the majority of data connected to collisions and their impacts is spatial, the Geospatial Information System (GIS) may be utilised effectively and efficiently to regulate and minimise traffic incidents. GIS technology can help emergency services respond more quickly and effectively by providing information and location assistance.
Stretcher Chairs Market: Restraints
High cost and competition
The high cost is a key impediment to the Stretcher Chairs industry for a variety of reasons. Healthcare institutions, particularly in poor countries, sometimes operate on short budgets, making it difficult to acquire costly medical supplies such as stretcher chairs. Furthermore, the initial cost of acquiring stretcher chairs, as well as associated costs such as upkeep, training, and infrastructure improvements, might be too expensive for smaller healthcare institutions.
In addition, compensation limits and restricted healthcare budgets restrict hospitals and clinics’ ability to buy, adding to a hesitation to make investments in costly Stretcher Chairs solutions. Moreover, rivalry from lower-cost alternatives or used equipment makes it more difficult to get into the market, especially for manufacturers supplying high-end stretcher chairs.
Stretcher Chairs Market: Opportunities
Innovation in motorized adjustments and ergonomic designs
Innovation in motorised adjustments and ergonomic designs is critical to moving the Stretcher Chairs business ahead. Motorised adjustments allow healthcare practitioners to effectively customise the positioning and arrangement of stretcher chairs to fit patients’ specific demands, improving comfort and safety during transportation and rehabilitation.
Furthermore, ergonomic designs prioritise user comfort and utility, lowering the risk of strain or injury for healthcare staff responsible for manoeuvring stretcher chairs. These improvements not only enhance patient outcomes by allowing for optimal placement and support, but they also help improve hospital efficiency by improving workflow and decreasing physical effort on carers.
In addition, creativity supports market expansion by developing solutions that satisfy changing healthcare expectations, such as higher patient comfort, enhanced accessibility, and better infection control methods, positioning Stretcher Chairs manufacturers at the forefront of healthcare innovation and improvement.
For instance, VNG Medical Innovation System Pvt. Ltd. in India manufactures the EH155 – Chair Ambulance Stretcher, which is a flexible and space-saving solution for effective patient transfer in ambulances and hospitals. This unique stretcher cum chair is particularly designed to maximise space utilisation while providing maximum convenience and security to patients.
Stretcher Chairs Market: Segmentation Analysis
The Global Stretcher Chairs market is segmented by product, technology, end user, and region. Based on type, the market is classified into general stretcher chairs and special Stretcher Chairs. General Stretcher Chairs dominated the market in 2023 with a market share of 75.6% and is expected to keep its dominance during the forecast period 2024-2033.
General Stretcher Chairs serve a major part in driving the Stretcher Chairs market owing to their flexibility and wide applicability in various healthcare settings.
These chairs are multifunctional medical equipment that may carry patients within clinics, hospitals, and ambulatory care facilities while also facilitating exams, treatments, and diagnostic procedures. Furthermore, common stretcher chairs have features such as adjustable backrests, height modifications, and tilting capacity, which provide patients with comfort and support throughout transportation and treatments.
In addition, advances in design and technology, such as lightweight construction, ergonomics attributes, and improved manoeuvrability, have increased the appeal and use of general stretcher chairs in medical facilities across the world.
Based on technology, the market is classified into powered stretcher chairs and manual stretcher chairs. Powered Stretcher Chairs dominated the market in 2023 with a market share of 68.5% and are expected to keep their dominance during the forecast period 2024-2033.
Powered stretcher chairs are transforming the Stretcher chair industry with their creative design and increased utility. These chairs have powered systems such as motors and hydraulics for easy patient transport and placement.
Powered variants improve operational efficiency and lessen the risk of musculoskeletal injuries among healthcare personnel by allowing carers to effortlessly alter the stretcher chairs height, tilt, and recline with minimum physical effort.
Furthermore, motorised stretcher chairs provide greater comfort and support to patients during transit throughout healthcare institutions, enhancing the overall patient experience and satisfaction. In addition, motorised stretcher chairs are versatile enough to be employed in a variety of healthcare settings, such as hospitals, emergency vehicles, and elderly care institutions, broadening their market appeal.
Based on end user, the market is classified into hospitals and clinics, ambulatory surgical center and others. Hospitals and Clinics dominated the market in 2023 with a market share of 46.5% and is expected to keep its dominance during the forecast period 2024-2033.
Hospitals and clinics are important drivers of the Stretcher Chairs industry because of their critical role in patient care and mobility within healthcare facilities. Chairs offer various options for patient transportation, examination, and therapy, with ergonomic design elements and configurable functionality to meet a variety of medical demands.
These facilities prioritise patient comfort, safety, and effective workflow administration, making stretcher chairs an essential investment in improving healthcare delivery. Furthermore, with an increased emphasis on infection control and caring for patients, hospitals and clinics are looking for stretcher chairs with easy-to-clean surfaces and infection-resistant materials.
In addition, advances in Stretcher Chairs technology, like as electrically driven modifications and integrated surveillance systems, address the changing needs of modern healthcare environments.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 243.5 Million |
| Projected Market Size in 2033 | USD 365.6 Million |
| Market Size in 2023 | USD 240.1 Million |
| CAGR Growth Rate | 5.3% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product, Technology, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Stretcher Chairs Market: Regional Analysis
By region, Stretcher Chairs market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Stretcher Chairs market in 2023 with a market share of 37.5% and is expected to keep its dominance during the forecast period 2024-2033.
North America has a widely recognised health system, including clinics, hospitals, and ambulatory healthcare centres, in which stretcher chairs are used for patient transportation and medical emergencies.
Furthermore, North America has an elevated incidence of chronic illnesses and an ageing population, resulting in an increased need for medical equipment such as stretcher chairs to meet patient mobility requirements. In addition, strict safety laws and quality standards in the healthcare industry guarantee that stretcher chairs satisfy high criteria for comfort for patients, safety, and durability, which drives market expansion.
Additionally, technical advances and improvements in stretcher chair design, including ergonomic features and sophisticated monitoring of patients, address the changing demands of medical facilities and help to grow the stretcher chair industry in North America.
Stretcher Chairs Market: Recent Developments
- In March 2021, Winco Manufacturing, LLC was acquired by Champion Manufacturing Inc., producing a broad provider of medical seating remedies promoting caretakers across the medical care continuum from residential care to therapy and specialty procedural care environments.
- In May 2022, LINET developed the premium emergency and transportation stretcher “Sprint 200” to drastically minimise musculoskeletal diseases among carers worldwide.
- In May 2020, IBIOM announced a USD 1.9 million investment in the New Facility in Sherbrooke. The firm provides a variety of distinctive medical items, including therapy chairs, ergonomic ultrasonography stretchers, and laboratory furniture.
List of the prominent players in the Stretcher Chairs Market:
- GF Health Products Inc.
- medifa GmbH & Co. KG
- Winco Mfg. LLC
- Stryker Corporation
- Hill-Rom Holdings Inc.
- Wy’East Medical Corporation
- IBIOM Instruments Ltée
- AMTAI Medical Equipment Inc.
- Productos Metálicos del Bages S.L.
- NovyMed International BV
- UFSK-International OSYS GmbH
- NovyMed International BV
- Blue Chip Medical Products Inc.
- CDR Systems
- C-Rad AB
- Elekta AB
- Getinge AB
- Leoni AG
- Medtronic PLC
- Savaria Corporation
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Stretcher Chairs Market is segmented as follows:
By Product
- General Stretcher Chairs
- Special Stretcher Chairs
By Technology
- Powered Stretcher Chairs
- Manual Stretcher Chairs
By End User
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Stretcher Chairs Market, (2024 – 2033) (USD Million)
- 2.2 Global Stretcher Chairs Market: snapshot
- Chapter 3. Global Stretcher Chairs Market – Industry Analysis
- 3.1 Stretcher Chairs Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising geriatric population
- 3.2.2 Growing accident cases and need for emergency medical services
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product
- 3.7.2 Market Attractiveness Analysis By Technology
- 3.7.3 Market Attractiveness Analysis By End User
- Chapter 4. Global Stretcher Chairs Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Stretcher Chairs Market: company market share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Stretcher Chairs Market – Product Analysis
- 5.1 Global Stretcher Chairs Market Overview: By Product
- 5.1.1 Global Stretcher Chairs Market Share, By Product, 2023 and 2033
- 5.2 General Stretcher Chairs
- 5.2.1 Global Stretcher Chairs Market by General Stretcher Chairs, 2024 – 2033 (USD Million)
- 5.3 Special Stretcher Chairs
- 5.3.1 Global Stretcher Chairs Market by Special Stretcher Chairs, 2024 – 2033 (USD Million)
- 5.1 Global Stretcher Chairs Market Overview: By Product
- Chapter 6. Global Stretcher Chairs Market – Technology Analysis
- 6.1 Global Stretcher Chairs Market Overview: By Technology
- 6.1.1 Global Stretcher Chairs Market Share, By Technology, 2023 and 2033
- 6.2 Powered Stretcher Chairs
- 6.2.1 Global Stretcher Chairs Market by Powered Stretcher Chairs, 2024 – 2033 (USD Million)
- 6.3 Manual Stretcher Chairs
- 6.3.1 Global Stretcher Chairs Market by Manual Stretcher Chairs, 2024 – 2033 (USD Million)
- 6.1 Global Stretcher Chairs Market Overview: By Technology
- Chapter 7. Global Stretcher Chairs Market – End User Analysis
- 7.1 Global Stretcher Chairs Market Overview: By End User
- 7.1.1 Global Stretcher Chairs Market Share, By End User, 2023 and 2033
- 7.2 Hospitals and Clinics
- 7.2.1 Global Stretcher Chairs Market by Hospitals and Clinics, 2024 – 2033 (USD Million)
- 7.3 Ambulatory Surgical Centers
- 7.3.1 Global Stretcher Chairs Market by Ambulatory Surgical Centers, 2024 – 2033 (USD Million)
- 7.4 Others
- 7.4.1 Global Stretcher Chairs Market by Others, 2024 – 2033 (USD Million)
- 7.1 Global Stretcher Chairs Market Overview: By End User
- Chapter 8. Stretcher Chairs Market – Regional Analysis
- 8.1 Global Stretcher Chairs Market Regional Overview
- 8.2 Global Stretcher Chairs Market Share, by Region, 2023 & 2033 (USD Million)
- 8.3. North America
- 8.3.1 North America Stretcher Chairs Market, 2024 – 2033 (USD Million)
- 8.3.1.1 North America Stretcher Chairs Market, by Country, 2024 – 2033 (USD Million)
- 8.3.1 North America Stretcher Chairs Market, 2024 – 2033 (USD Million)
- 8.4 North America Stretcher Chairs Market, by Product, 2024 – 2033
- 8.4.1 North America Stretcher Chairs Market, by Product, 2024 – 2033 (USD Million)
- 8.5 North America Stretcher Chairs Market, by Technology, 2024 – 2033
- 8.5.1 North America Stretcher Chairs Market, by Technology, 2024 – 2033 (USD Million)
- 8.6 North America Stretcher Chairs Market, by End User, 2024 – 2033
- 8.6.1 North America Stretcher Chairs Market, by End User, 2024 – 2033 (USD Million)
- 8.7. Europe
- 8.7.1 Europe Stretcher Chairs Market, 2024 – 2033 (USD Million)
- 8.7.1.1 Europe Stretcher Chairs Market, by Country, 2024 – 2033 (USD Million)
- 8.7.1 Europe Stretcher Chairs Market, 2024 – 2033 (USD Million)
- 8.8 Europe Stretcher Chairs Market, by Product, 2024 – 2033
- 8.8.1 Europe Stretcher Chairs Market, by Product, 2024 – 2033 (USD Million)
- 8.9 Europe Stretcher Chairs Market, by Technology, 2024 – 2033
- 8.9.1 Europe Stretcher Chairs Market, by Technology, 2024 – 2033 (USD Million)
- 8.10 Europe Stretcher Chairs Market, by End User, 2024 – 2033
- 8.10.1 Europe Stretcher Chairs Market, by End User, 2024 – 2033 (USD Million)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Stretcher Chairs Market, 2024 – 2033 (USD Million)
- 8.11.1.1 Asia Pacific Stretcher Chairs Market, by Country, 2024 – 2033 (USD Million)
- 8.11.1 Asia Pacific Stretcher Chairs Market, 2024 – 2033 (USD Million)
- 8.12 Asia Pacific Stretcher Chairs Market, by Product, 2024 – 2033
- 8.12.1 Asia Pacific Stretcher Chairs Market, by Product, 2024 – 2033 (USD Million)
- 8.13 Asia Pacific Stretcher Chairs Market, by Technology, 2024 – 2033
- 8.13.1 Asia Pacific Stretcher Chairs Market, by Technology, 2024 – 2033 (USD Million)
- 8.14 Asia Pacific Stretcher Chairs Market, by End User, 2024 – 2033
- 8.14.1 Asia Pacific Stretcher Chairs Market, by End User, 2024 – 2033 (USD Million)
- 8.15. Latin America
- 8.15.1 Latin America Stretcher Chairs Market, 2024 – 2033 (USD Million)
- 8.15.1.1 Latin America Stretcher Chairs Market, by Country, 2024 – 2033 (USD Million)
- 8.15.1 Latin America Stretcher Chairs Market, 2024 – 2033 (USD Million)
- 8.16 Latin America Stretcher Chairs Market, by Product, 2024 – 2033
- 8.16.1 Latin America Stretcher Chairs Market, by Product, 2024 – 2033 (USD Million)
- 8.17 Latin America Stretcher Chairs Market, by Technology, 2024 – 2033
- 8.17.1 Latin America Stretcher Chairs Market, by Technology, 2024 – 2033 (USD Million)
- 8.18 Latin America Stretcher Chairs Market, by End User, 2024 – 2033
- 8.18.1 Latin America Stretcher Chairs Market, by End User, 2024 – 2033 (USD Million)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Stretcher Chairs Market, 2024 – 2033 (USD Million)
- 8.19.1.1 The Middle-East and Africa Stretcher Chairs Market, by Country, 2024 – 2033 (USD Million)
- 8.19.1 The Middle-East and Africa Stretcher Chairs Market, 2024 – 2033 (USD Million)
- 8.20 The Middle-East and Africa Stretcher Chairs Market, by Product, 2024 – 2033
- 8.20.1 The Middle-East and Africa Stretcher Chairs Market, by Product, 2024 – 2033 (USD Million)
- 8.21 The Middle-East and Africa Stretcher Chairs Market, by Technology, 2024 – 2033
- 8.21.1 The Middle-East and Africa Stretcher Chairs Market, by Technology, 2024 – 2033 (USD Million)
- 8.22 The Middle-East and Africa Stretcher Chairs Market, by End User, 2024 – 2033
- 8.22.1 The Middle-East and Africa Stretcher Chairs Market, by End User, 2024 – 2033 (USD Million)
- Chapter 9. Company Profiles
- 9.1 GF Health Products Inc.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 medifa GmbH & Co. KG
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Winco Mfg. LLC
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Stryker Corporation
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Hill-Rom Holdings Inc.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Wy’East Medical Corporation
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 IBIOM Instruments Ltée
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 AMTAI Medical Equipment Inc.
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Productos Metálicos del Bages S.L.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 NovyMed International BV
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 UFSK-International OSYS GmbH
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 NovyMed International BV
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Blue Chip Medical Products Inc.
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 CDR Systems
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 C-Rad AB
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Elekta AB
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Getinge AB
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Leoni AG
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Medtronic PLC
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Savaria Corporation
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Others.
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.1 GF Health Products Inc.
List Of Figures
Figures No 1 to 23
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- GF Health Products Inc.
- medifa GmbH & Co. KG
- Winco Mfg. LLC
- Stryker Corporation
- Hill-Rom Holdings Inc.
- Wy’East Medical Corporation
- IBIOM Instruments Ltée
- AMTAI Medical Equipment Inc.
- Productos Metálicos del Bages S.L.
- NovyMed International BV
- UFSK-International OSYS GmbH
- NovyMed International BV
- Blue Chip Medical Products Inc.
- CDR Systems
- C-Rad AB
- Elekta AB
- Getinge AB
- Leoni AG
- Medtronic PLC
- Savaria Corporation
- Others
FAQs
The restraints of the Stretcher Chairs market is high cost and competition.
The major driver for the Stretcher Chairs market is rising geriatric population and growing accidents cases and need for emergency medical services.
The “General Stretcher Chairs” category dominated the market in 2023.
The key players in the market are GF Health Products Inc., medifa GmbH & Co. KG, Winco Mfg. LLC, Stryker Corporation, Hill-Rom Holdings Inc., Wy’East Medical Corporation, IBIOM Instruments Ltée, AMTAI Medical Equipment Inc., Productos Metálicos del Bages S.L. , NovyMed International BV, UFSK-International OSYS GmbH, NovyMed International BV, Blue Chip Medical Products Inc., CDR Systems, C-Rad AB, Elekta AB, Getinge AB, Leoni AG, Medtronic PLC, Savaria Corporation, Others.
“North America” had the largest share in the Stretcher Chairs Market.
The global market is projected to grow at a CAGR of 5.3% during the forecast period, 2024-2033.
The Stretcher Chairs Market size was valued at USD 243.5 Million in 2024.