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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Hospital Stretchers Market Analysis
Hospital stretchers are patient transport devices that are designed to facilitate efficient patient movement to different areas in the hospital. Some hospital stretchers, such as bariatric stretchers for heavier patients and pediatric stretchers for pediatric patients are equipped with specialized features, intended to accommodate certain patient populations. Moreover, the rising emphasis on patient comfort and safety is likely to increase investments in innovative stretchers, which is expected to drive the Latin America hospital stretchers market growth in the forecast period.
Latin American countries are experiencing an increased demand for hospital stretchers due to factors such as the high prevalence of chronic diseases and a substantial rise in the aging and bariatric population, resulting in more patients requiring medical care. In October 2023, the Brazilian Institute of Geography and Statistics (IBGE) revealed that the proportion of Brazilians aged 65 or above has risen to 10.9% in 2022. Additionally, the 2023 United Nations report states that the obesity and overweight rates in Latin American and Caribbean countries have tripled in the last 50 years. Thus, the growing volume of aging and obese patients is anticipated to boost the Latin America hospital stretchers market demand in the coming years.
The market share is also impacted by the rising healthcare expenditure in the region. For instance, a study published in Cureus in May 2023 reported that per capita healthcare spending in Brazil is projected to increase from USD 848 in 2020 to USD 1165 by 2030. Moroever, the Brazilian government is actively investing in improving healthcare infrastructure including hospitals, clinics, and emergency care facilities, and expanding access to healthcare services, especially in underserved areas. Such developments are likely to augment the adoption of technologically advanced hospital stretchers such as motorized stretchers or specialty stretchers with integrated monitoring capabilities in healthcare settings, thereby elevating the market value.
Latin America Hospital Stretchers Market Report Snapshots
Latin America Hospital Stretchers Market Size
Latin America Hospital Stretchers Market Regional Analysis
Latin America Hospital Stretchers Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Latin America hospital stretchers market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 5.37% during the forecast period of 2025-2034 and is likely to reach a market value of USD 4.6 billion by 2034.
The high prevalence of chronic diseases and a substantial rise in the aging and bariatric population is fuelling the demand for the market.
One of the significant trends in the market is the rising healthcare expenditures by the government and private healthcare providers to upgrade medical facilities. For instance, a study published in Cureus in May 2023 reported that per capita healthcare spending in Brazil is projected to increase from USD 848 in 2020 to USD 1165 by 2030.
Based on the product type, the market is segmented into adjustable stretchers, fixed height stretchers, bariatric stretchers, and radiographic stretchers, among others.
By technology, the market is divided into motorized stretchers and non-motorized Stretchers.
Major applications of hospital stretchers include intra-hospital, pediatric care, emergency department, radiology department, and other applications.
The market segmentation by countries includes Brazil, Argentina, and Mexico, among others.
The key players in the market are Stryker, Hillrom & Welch Allyn, Paramount Bed Co., Ltd., Invacare Corporation, Gendron Inc., Fazzini S.r.l., Medline Industries, Inc., Arjo, Royax, and Ferno.
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