Stretcher Chair Market Will Escalate Rapidly in the Near Future

Posted by Sakshi Mishra on December 27th, 2019

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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Demand to Increment at CAGR 4.0% During 2017 to 2022

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 US4.6 mn in 2017, which will reach a valuation of US8.5 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 US8.1 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 US1.0 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.