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The global stethoscope market is anticipated to witness a growth of steady CAGR in the forecast period, 2023-2027. This can be ascribed to increasing incidences of various communicable and non-communicable diseases wherein a stethoscope is used by healthcare professionals for diagnosis purposes. Additionally, a growing geriatric population that is susceptible to various diseases and injuries has significantly increased the demand for diagnosis and treatment, thereby increasing the demand for stethoscopes in healthcare settings. According to the United Nations Department of Economic and Social Affairs, Population Division, the number of persons aged 65 years or above in 2019 was about 702.9 million, and this number is expected to increase to 1548.9 million by 2050.Speak directly to the analyst to clarify any post sales queries you may have.
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Stethoscopes offer several advantages, such as listening to sounds produced by the lungs, heart, intestinal tract, blood flow in peripheral vessels, and the heart sounds of developing foetuses in pregnant women, among others. Hence, the above advantages associated with stethoscopes contribute to their regular demand, thereby supporting market growth. Besides, technological advancements such as the advent of digital/ electronic stethoscopes and stethoscopes with Bluetooth connectivity, among others, are expected to create lucrative opportunities for market growth in the coming years.
Increasing prevalence of Cardiovascular and Pulmonary Diseases
An increasing number of people suffering from different cardiovascular disorders and pulmonary diseases will boost the demand for stethoscopes in the forecast period. According to the Centers for Disease Control and Prevention (CDC), heart diseases are the leading cause of death in the United States. One person dies every 34 seconds in the United States from cardiovascular disease. In 2020, about 697,000 people died of heart disease in the United States, which is equivalent to 1 in 5 deaths. The majority of cardiovascular diseases are associated with the type of sound the heart produces, thereby increasing the demand for stethoscopes. The advent of technologically advanced stethoscopes has paved the way for accurate and immediate diagnosis, thereby driving market growth.Increasing Number of Healthcare Professionals
The improving healthcare infrastructure and increasing number of professionals adopting different healthcare services as a profession is expected to support the growth of the global stethoscope market. Every healthcare professional use stethoscope to examine the patient. The increasing number of healthcare professionals is expected to increase the demand for stethoscopes thereby fuelling the market growth. In 2022, the total number of professionally active physicians in the United States was around 1,073,616. Not only in the United States, but this number is also increasing worldwide and creating demand for stethoscopes.Market Segmentation
Global Stethoscope market can be segmented by type, distribution channel, end-user, by region. Based on type, the market can be categorized into electronic/digital, smart, traditional acoustic, and others. Based on distribution channels, the market can be differentiated into direct sales, distributors/suppliers, and online. Based on end-user, the market can be fragmented into hospitals & clinics, ambulatory care centers, and others. Regionally, North America dominated the market among Europe, Asia Pacific, Middle East & Africa, and South America. Among the different countries, the United States dominated the global stethoscope market on account of the growing adoption of digital stethoscopes.Market Players
3M Company, Heine Optotechnik GmbH & Co. KG., Hill-Rom Holdings, Inc., Medline Industries Inc, Eko Devices Inc., GF Health Products, Inc., Rudolf Riester GmbH (Halma Plc), American Diagnostics Corporation, Contec Medical Systems Co., Ltd., Think Labs Medical LLC are some of the leading players operating in the global stethoscope market.Report Scope:
In this report, global stethoscope market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:Stethoscope Market, By type:
- Electronic/Digital
- Smart
- Traditional Acoustic
- Others
Stethoscope Market, By Distribution Channel:
- Direct Sales
- Distributors/Suppliers
- Online
Stethoscope Market, By End User:
- Hospital & Clinics
- Ambulatory Care Centers
- Others
Stethoscope Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Malaysia
- Vietnam
- Indonesia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Global Stethoscope Market.This product will be delivered within 1-3 business days.
Table of Contents
1. Product Overview2. Research Methodology3. Executive Summary4. Impact of COVID-19 on Global Stethoscope Market13. Market Trends & Developments15. Strategic Recommendations
5. Voice of Customer
6. Global Stethoscope Market Outlook
7. North America Stethoscope Market Outlook
8. Europe Stethoscope Market Outlook
9. Asia-Pacific Stethoscope Market Outlook
10. South America Stethoscope Market Outlook
11. Middle East and Africa Stethoscope Market Outlook
12. Market Dynamics
14. Competitive Landscape (Inclusive of SWOT Analysis)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M Company
- Heine Optotechnik GmbH & Co. KG.
- Hill-Rom Holdings, Inc.
- Medline Industries Inc
- Eko Devices Inc.
- GF Health Products, Inc.
- Rudolf Riester GmbH (Halma Plc)
- American Diagnostics Corporation
- Contec Medical Systems Co., Ltd.
- Think Labs Medical LLC
