A fresh study by Transparency Market Research (TMR) has detected that
the global stretcher chair market is heavily dependent on innovative
products, and that a number of players are connected to its value
chain, starting from raw material suppliers to the manufacturers to
the end users. The TMR report identifies Allengers Medical Systems
Limited, AMTAI Medical Equipment, Inc., Blue Chip Medical Products,
Inc., CDR Systems, C-RAD AB, Elekta AB, Getinge AB, GF Health
Products, Inc., Hill-Rom Holdings, Inc., Invacare Corp, Leoni AG,
medifa-hesse GmbH & CoKG, Medtronic Plc., Novak M d.o.o, OPT
SurgiSystems S.R.L., Skytron llc., Span America Medical System, Inc.,
STERIS, Stryker Corporation, and Transmotion Medical, Inc. as some of
the key companies currently operating in the global stretcher chair
market.
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As per the projections of the TMR report, the demand in the global
stretcher chair market will increment at a CAGR of 4.0% during the
forecast period of 2017 to 2022. The report has evaluated that the
stretcher chair market, across the globe, had an opportunity worth
US$204.6 mn in 2017, which will reach a valuation of US$248.5 mn by
2022. In the near future, the prominent companies are expected to
indulge in strategic collaborations with local players in order to
increase their geographical presence and gain ground over the
competitors.
On the basis of product type, the TMR report rates general stretcher
chair as the leading segment of the global stretcher chair market,
yielding 62.6% of the overall demand in 2017, which was worth
US$128.1 mn. This segment is projected remain most profitable and
account for 60.8% of the total demand in the market for stretcher
chair by the end of 2022, serving revenue of US$151.0 mn.
Geographically, the developed regions of Europe and North America
currently serve maximum demand for stretcher chair, although Europe
is expected to lose its leading position to North America, which has
been estimated for an above-average CAGR of 4.2% during the forecast
period of 2017 to 2022.
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Recent improvements to the product has been the most prominent driver
of the global stretcher chair market. Now, stretcher chair are
available that are designed specifically to carry patients in places
such as corridors, stairs, and lifts, are easy to clean and
lightweight as they are now made of aluminum alloy framework, and
offer flexibility and fold-ability. Modern stretcher chairs now also
come with safety belts for elderly patients and help majorly in
transportation. As the awareness regarding the availability of these
advanced products increases, the demand in the global stretcher chair
market is expected to escalate.
The stretcher chair market is also gaining strong traction from the
late but eventual penetration of ecommerce in the region of Asia
Pacific. This is a vastly populated region, and the disposable income
is increasing among the urban population. The consumers can now
research their product and read the reviews as well as guidelines of
usage before making the purchase. Mushrooming number of specialty
clinics, increased number of accidents across the world, and
escalating percentage of geriatric population who frequently suffer
from illness that hinders their movability are some of the other
factors augmenting the demand in the global stretcher chair market.
While the high cost of these continues to obstruct the market for
stretcher chair to meet its potential in the emerging economies, the
companies are working on setting up localized manufacturing units in
order to reduce production cost and meet the consumers at a
reasonable price.
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