Over the forecast period, the worldwide hospital stretchers market is expected to grow at a CAGR of 5.8%. Technological developments in hospital stretchers, as well as the rising frequency of chronic diseases and hospitalization, are the key drivers of market expansion. According to the United Nations' World Population Ageing, the global population of people aged 60 and more was predicted to be 962 million in 2017, up from 80 million in 1980.
The world's rapidly aging population is driving up the need for more hospitals and medical equipment, which in turn is driving up demand for hospital stretchers. Increased government and healthcare provider investment in healthcare infrastructure in developing and developed nations is expected to drive market expansion over the forecast period. Furthermore, hospital stretchers market growth is likely to be boosted by technology developments and the introduction of specialty stretchers for improved healthcare.
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