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Stethoscope Market - Growth, Trends, and Forecasts (2020 - 2025)

  • ID: 5176366
  • Report
  • August 2020
  • Region: Global
  • 117 pages
  • Mordor Intelligence
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until Dec 31st 2020

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FEATURED COMPANIES

  • 3M
  • Cardionics
  • GF Health Products Inc.
  • Medline Industries Inc.
  • Rudolf Riester GmbH
  • Smiths Medical
  • MORE
The stethoscope market is expected to register a CAGR of 4.5% during the forecast period. This is due to the growing burden of cardiovascular and pulmonary diseases and increasing R&D expenditure and technological advancements associated with the instruments.
  • Stethoscopes are being used mostly among the geriatric population, as these populations are more prone to develop chronic disorders. These instruments help in the diagnosis of several chronic conditions. The increasing geriatric population worldwide is creating a lucrative opportunity for the stethoscope market. Moreover, the majority of cardiovascular and pulmonary diseases are associated with the type of sound the heart produces, and the heart auscultation has been a vital technique for early diagnosis of cardiac dysfunction. Thus, the advent of technologically advanced stethoscope has paved the way for accurate and immediate diagnosis, thus, propelling the market growth.
Key Market Trends

Manual Stethoscope is Estimated to Witness a Healthy Growth in the Future

Manual Stethoscope is estimated to witness healthy growth in the future, owing to an increasing number of targeted patient pool and the availability of advanced stethoscope for effective diagnosis. As cardiovascular disease is the leading cause of mortality in several countries around the world, early diagnosis of the diseases through stethoscope results in proper treatment, and further, it drives the segment growth. These manual stethoscopes are used for listening to specific sounds of internal organs to diagnose various health conditions. Moreover, ease of use and convenience are some more factors driving the demand for manual stethoscopes and boosting revenue growth.

North America is Expected to Hold a Significant Share in the Market and is Expected to do Same in the Forecast Period

North America is expected to hold a significant market share in the global stethoscope market, due to the increasing aging population, the rising burden of chronic diseases, the presence of major market players, and an increasing number of hospitals. As per the Centers for Disease Control and Prevention (CDC), heart disease is the leading cause of death in the United States. Hence, the early diagnosis of these diseases results in early treatment and boosts the demand for stethoscope in this region and drives the market. Furthermore, the increasing healthcare expenditure and the presence of well-established healthcare infrastructure are also fueling the growth of the overall regional market to a large extent.

Competitive Landscape

The stethoscope market is fragmented and competitive, and it consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are 3M, Welch Allyn, GF Health Products Inc., Medline Industries Inc., American Diagnostic Corporation, Rudolf Riester GmbH, Cardionics, Smiths Medical, and Heine Optotechnik GmbH & Co. KG.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M
  • Cardionics
  • GF Health Products Inc.
  • Medline Industries Inc.
  • Rudolf Riester GmbH
  • Smiths Medical
  • MORE
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Burden of Cardiovascular and Pulmonary Diseases
4.2.2 Increasing R&D Expenditure
4.2.3 Technological Advancements
4.3 Market Restraints
4.3.1 High Product Cost
4.3.2 Lack of Skilled Healthcare Professionals
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Manual Stethoscope
5.1.2 Electronic Stethoscope
5.2 By End User
5.2.1 Hospitals
5.2.2 Ambulatory Surgical Centers
5.2.3 Other End Users
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M
6.1.2 Welch Allyn
6.1.3 GF Health Products Inc.
6.1.4 Medline Industries Inc.
6.1.5 American Diagnostic Corporation
6.1.6 Rudolf Riester GmbH
6.1.7 Cardionics
6.1.8 Smiths Medical
6.1.9 Heine Optotechnik GmbH & Co. KG

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown

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  • 3M
  • Welch Allyn
  • GF Health Products Inc.
  • Medline Industries Inc.
  • American Diagnostic Corporation
  • Rudolf Riester GmbH
  • Cardionics
  • Smiths Medical
  • Heine Optotechnik GmbH & Co. KG
Note: Product cover images may vary from those shown

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