Fact.MR – A Market Research and Competitive Intelligence Provider: The global ambulance cots market size is expected to reach US$ 273 Mn, with sales projected to increase by 1.3x from 2019 to 2029, predicts Fact.MR.
Sales of Ambulance Cots to Increase by 1.3x with Surging Number of EMS Providers
In its latest report, Fact.MR presents micro and macroeconomic factors that are affecting the development of the ambulance cots market. In addition, it offers detailed assessment across the leading segments in terms of product, technology, end-user, and region. The report also features the winning strategies of key players operating in the market.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global ambulance cots market size is expected to reach US$ 273 Mn, with sales projected to increase by 1.3x from 2019 to 2029, predicts Fact.MR. Increasing adoption of air ambulance services in developing countries such as India, China, and Japan is likely to drive the growth in the market.
Ambulance cots, also known as stretchers, are used to carry patients during emergency and non-emergency cases. These are primarily used by search and rescue personnel, military, and Emergency Medical Services (EMS) in some acute out-of-hospital care situations.
As per Fact.MR, rising prevalence of dementia, diabetes, Chronic Obstructive Pulmonary Disease (COPD), osteoporosis, and cancer across the globe is likely to drive the demand for ambulance cots.
According to the World Health Organization (WHO), in 2019, approximately 17.9 million people died worldwide owing to cardiovascular diseases. Out of these, about 85% deaths occurred because of strokes and heart attacks.
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Non-availability of these ambulance cots during the time of stroke has increased the mortality rate in emerging economies. Hence, demand across countries such as Brazil, Indonesia, India, and South Korea is increasing. Thereby, accelerating the sales of ambulance cots.
“Increasing mortality rates due to the high prevalence of cardiovascular diseases and non-availability of paramedics and apparatus such as ambulance cots across low-and middle-income economies have increased the demand in ambulance cots market. Besides, rising healthcare expenditure across the globe is expected to bolster the demand for ambulance cots in the near future,” says a Fact.MR analyst.
Key Takeaways:
- Based on region, Asia Pacific is expected to dominate the market in terms of share owing to the increasing number of unauthorized ambulance services.
- North America is likely to generate the second-largest market share because of the presence of favorable reimbursement policies and a well-established healthcare infrastructure across the U.S.
- Europe is anticipated to remain in the third position on the back of the rising prevalence of cardiovascular diseases across Germany and the U.K.
- In terms of end-user, the EMS service providers segment is set to account for the largest share stoked by the increasing number of bariatric patients.
- By technology, the manual cots segment is projected to remain at the forefront as these cots are lightweight and easy to carry in remote areas.
- Based on product, the transport cots segment is expected to lead in terms of the market share owing to the increasing launch of innovative hydraulic transport cots.
Growth Drivers:
- Increasing investments by governments in the enhancement of the response time of ambulances and paramedics during emergencies is expected to boost the growth.
- Rising usage of public and private ambulances owing to the expansion of medical tourism in various countries worldwide is set to propel the growth.
- Increasing initiatives by governments to create awareness campaigns regarding emergency services among the general population is projected to augment the growth.
Restraints:
- Lack of skilled personnel and insufficient number of ambulances as per the WHO standards in emerging economies may hamper the growth.
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Competitive Landscape
The global ambulance cots market houses a large number of key players that are striving to gain a competitive edge by engaging in various strategies, such as partnerships, joint ventures, and acquisitions.
Meanwhile, a few other players are focusing on introducing innovative products and gaining government support to develop state-of-the-art cots at low cost.
For instance,
- December 2021: Tata Motors, an India-based automotive manufacturer, introduced its first compact ambulance named Magic Express. It can seat five attendants and is compliant with AIS 125 government norms. It also includes essential equipment, such as fire extinguisher, auto-loading stretcher, doctor’s seat, and medical cabinet.
- June 2020: GF Health Products, Inc., a leading manufacturer of medical products based in the U.S., acquired all the assets of Gendron, Inc., which is a supplier of hospital cots and stretchers. This acquisition would enable GF Health to expand its marketing and manufacturing opportunities within the homecare, rehabilitation, long term care, and acute care markets.
- January 2020: In response to a citizen petition filed by Stryker Medical, the US Food and Drug Administration (FDA) exempted powered wheeled stretchers from premarket notification (510(k)) requirements. The organization stated that as long as certain conditions are met, it is not necessary to assure the effectiveness and safety of the device.
Key Players in the Ambulance Cots Market Include:
- Hill-Rom
- Stryker Corporation
- Pedigo USA
- Hausted Patient Handling Solutions
- Spencer India Technologies Pvt Ltd
- Ferno EMS
- Fu Shun Hsing Technology Co. Ltd.
- Medline Industries, Inc.
- Narang Medical Limited
- Zhangjiagang New Fellow Med Co., Ltd.
More Valuable Insights on Ambulance Cots Market
Fact.MR provides an unbiased analysis of the ambulance cots market, presenting historical demand data (2008-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the global ambulance cots market with a detailed segmentation on the basis of:
Product
- Emergency Cots
- Transport Cots
Technology
- Manual Cots
- Pneumatic Cots
- Electric Cots
End-user
- EMS Service Providers
- Hospitals
- Ambulatory Service Centers
- Other Facilities
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
Key Questions Covered in Ambulance Cots Market Report
- The report offers insight into the ambulance cots market demand outlook for 2019-2029.
- The market study also highlights projected sales growth for ambulance cots market between 2019 and 2029.
- Ambulance cots market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
- Ambulance cots market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
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