Ambulance Stretchers Market Size Is Estimated To Reach $823.9 Million By 2026

The global ambulance stretchers market size is expected to reach USD 823.9 million by 2026, registering a 3.3% CAGR over the forecast period, according to a new report by Grand View Research, Inc. Rising number of road accidents, increasing prevalence of cardiovascular diseases, and favorable reimbursement policies are expected to propel the ambulance stretchers market growth.

Rising medical tourism in countries, such as India, Thailand, Malaysia, Singapore, and Mexico, are among major factors driving the market growth. Aspects that contribute to form a growing medical tourism are, better infrastructure and cheaper treatment costs. A heart bypass surgery costs around USD 113,000 in U.S. However, the same procedure costs USD 10,000 in India, USD 13,000 in Thailand, USD 20,000 in Singapore, USD 9,000 in Malaysia, and USD 3,250 in Mexico. Other procedures such as heart valve replacement, angioplasty, hip replacement, and knee replacement, have significant price differences. Thus, patients from developed countries prefer availing treatments in developing countries like India, Singapore, and Thailand. Hence, rising medical tourism is anticipated to boost the demand for ambulance stretchers, thereby, driving the market growth.

Favorable reimbursement policies in developed countries are also anticipated to boost the market growth. For instance, in the U.S., Medicare Part B always covers and emergency ambulance services. In some cases, it also covers non-emergency ambulance services. Such favorable policies are expected to increase adoption of ambulance services, thereby boosting the ambulance stretchers market’s growth.

Full Research Report On Ambulance Stretchers Market Visit Here: https://www.grandviewresearch.com/industry-analysis/ambulance-stretchers-market

Ambulance Stretchers Market Report Highlights

• In terms of revenue, emergency ambulance stretchers segment held the largest share in 2018 owing to rising number of road accidents across the globe.
• Electric powered stretchers segment is anticipated to witness the fastest growth over the forecast period. Electric powered stretchers segment have observed a significant growth attributable to increasing initiatives taken by key companies to launch technologically advanced products.
• North America ambulance stretchers market held the largest share in 2018 due to presence of favorable reimbursement policies, rising prevalence of cardiovascular diseases, and presence of key players in the region.
• Few prominent players operating in the ambulance stretchers market are Stryker Corporation, Hill-Rom Services Inc., Medline Industries, Inc., Fu Shun Hsing Technology Co. Ltd., Ferno-Washington, Inc., Zhangjiagang New Fellow Med Co., Ltd., Narang Medical Limited, and ROYAX. Key players are adopting strategies such as mergers, acquisitions, and product launches to strengthen their foothold in the market.

Request a Sample Copy of the Report @ https://www.grandviewresearch.com/industry-analysis/ambulance-stretchers-market/request/rs1

Ambulance Stretchers Market Segmentation

Grand View Research has segmented the ambulance stretchers market report based on product, end use and region:

Ambulance Stretchers Product Outlook (Revenue, USD Million; 2015 - 2026)

• Emergency Stretchers
• Transport Stretchers

Ambulance Stretchers Technology Outlook (Revenue, USD Million; 2015 - 2026)

• Manual Stretchers
• Electric Powered Stretchers
• Pneumatic Stretchers

Ambulance Stretchers End Use Outlook (Revenue, USD Million; 2015 - 2026)

• Hospitals
• EMS Service Providers
• Ambulatory Service Centers
• Others

Ambulance Stretchers Regional Outlook (Revenue, USD Million; 2015 - 2026)

• North America
• U.S.
•  Canada
• Europe
• U.K.
•  Germany
• Asia-Pacific
• Japan
•  China
• Latin America
• Brazil
•  Mexico
• MEA
• South Africa
• Saudi Arabia

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com