Stethoscopes Market size was valued at US$ 503.70 Mn. in 2022 and the total revenue is expected to grow at 5.8% through 2023 to 2029, reaching nearly US$ 747.43 Mn.Stethoscopes Market Overview:
A stethoscope is a medical tool used to listening organ sounds or breathing sounds, or heartbeat. A stethoscope is a tool having a small disc-shaped resonator that is placed against the chest, and two tubes connected to earpieces.To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2017 to forecast the market through 2029. 2020 is considered a base year however 2020's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Stethoscopes Market Dynamics:
The Stethoscopes market is estimated to grow at a high pace in the market due to the rise in health care expenditure, technological advancement, like Bluetooth connectivity with wireless connectivity and digital hearing aid. Numerous healthcare industries are approving telehealth and telemedicine systems, and wearable devices, to permit remote patient monitoring throughout the COVID-19 pandemic. For example, Thinklabs One, an electronic stethoscope, was recently launched to keep healthcare professionals safe during this pandemic. Further, various companies are investing a huge amount in digital stethoscopes and the introduction of new devices due to favorable rules and regulations passed by the government authorities. This factor is estimate to increase the market growth in the forecast period. For example, in 2014, FDA projected the exemptions to medical devices' premarket approval, and this approval eliminated the other device applications like stethoscopes, hearing aid, fertility diagnostics, first aid kits, and exercise equipment from premarket submission requirements. In addition, market players are investing a huge amount in product portfolios as an expansion strategy to increase the attraction of consumers in product variations. For example, in 2019, Hill-Rom acquired Breath Technology, Inc. - manufactures medical equipments like wearable noninvasive ventilation technology. This acquisition further boosted the market expansion of respiratory care products.Stethoscopes Market Segment Analysis:
The Manual Stethoscope is dominating the Technology segment of the Global Stethoscopes Market: The manual Stethoscope segment is estimated to dominate the market growth in the forecast period. The key factors attributing to the growth of the market are increasing no. of target patient pool and the availability of advanced stethoscope effective treatment. Further, increasing no. of cardiovascular diseases and rising mortality associated with cardiovascular diseases is likely to boost the growth of the market in the forecast period. Manual Stethoscopes are used to identify the irregular rhythm of the heart and to identify the internal organ sounds to diagnose various health conditions. Further, improvement in convenience and ease in handling the tool with durability is likely to boost the market growth. Further, the launching of new products with variation is likely to fuel the market expansion. For instance, in 2021, Eko Devices launched a new educational app on mobile phones called Eko Academy for medical students and the healthcare industry to motivate and strengthen their stethoscope skills and auscultation knowledge from home during the COVID-19 outbreak. addition companies are investing a huge amount in launching new products for example, in 2020, 3M and Eko launched 3M Littmann CORE Digital Stethoscope for clinics this factor is likely to boost the market expansion in the forecast period. The Hospitals segment is considered to supplement the growth of the Global Stethoscopes Market. The Hospital segment accounted for the largest market share of 40.6% in 2020 and is anticipated to grow at a high pace with a CAGR of 6.7% during the forecast period. The key factors associated with the market growth are rising usage of medical tools as a very basic need in the hospital. The physicians use a stethoscope as per the need and the cause of identification like basic stethoscope pick up the sound of lungs, heart, and bowel movement. Further, a cardiologist needs a greater range of frequencies to identify the organ sounds. Further, increasing chronic disease illness is boosting hospital admission rates and urgent care of treatment due to life-threatening disease infections like COVID-19. Further, COVID-19 has contributed a huge amount of market share and has boosted the adoption of various technologies and advance medical tools in hospitals and healthcare units. Hence this factor is likely to boost the market growth in the coming future.Stethoscopes Market Regional Insights:
North America is dominating the Global Stethoscopes Market Regional with the largest market share of 34.6%. The growth is dominated by the increasing rules and regulations imposed by the regulatory authorities together with the increasing presence of market players, advanced technology, and the introduction of the latest equipment with innovations. This factor is likely to boost the market. Moreover, growing infrastructure in the healthcare industry and the adoption of high-end medical facilities are likely to fuel the growth of the market in the coming future. Asia Pacific is estimated to grow at a high pace in the market with the highest CAGR of xx% during the forecast period. Owing to the key factors like development and awareness in medical tools and medical facilities. As the healthcare industry in the Asia Pacific is growing with a rising population, and demand for advancement is projected to boost the market growth in the region. Moreover, market players are investing a huge amount in the healthcare industry to bring up medical tools with advanced technology and easy handling process with low-cost consumption. The objective of the report is to present a comprehensive analysis of the Global Stethoscopes Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Stethoscopes Market dynamics, structure by analyzing the market segments and project the Global Stethoscopes Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Global Stethoscopes Market make the report investor’s guide.Stethoscopes Market Scope: Inquire before buying
Stethoscopes Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 503.70 Mn. Forecast Period 2023 to 2029 CAGR: 5.8% Market Size in 2029: US $ 747.43 Mn. Segments Covered: by Product • Hospital • Ambulatory Surgical Centers • Other by Technology • Manual Stethoscope • Electronic Stethoscope Stethoscopes Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Stethoscopes Market Key Player
• QIAGEN • 3M • Medline Industries, Inc. • Welch Allyn • GF Health Products, Inc. • Rudolf Riester GmbH • American Diagnostic Corp. • Cardionics • Heine Optotechnik GmbH & Co. KG • Smiths MedicalFAQs:
1. What is the global Stethoscopes market share in 2022? Ans: Global Stethoscopes market share in 2022 was estimated at 503.70 Million USD. 2. What is the global Stethoscopes market growth? Ans: The global Stethoscopes market is anticipated to grow with a CAGR of 5.8% in the forecast period and is likely to reach USD 747.43 Million by the end of 2029. 3. Which Region is expected to dominate the global Stethoscopes market during the forecast period? Ans: North America dominated the stethoscope market in 2022. This is attributable to the rise in chronic diseases such as cardiovascular and respiratory disorders, owing to the unhealthy lifestyle coupled with the presence of the sophisticated healthcare infrastructure. 4. Who are the key players in the Stethoscopes market for food safety testing? Ans: Some of the key players operating in the stethoscope market include 3M, Medline Industries Inc, Welch Allyn (Hill-rom Holdings, Inc.), Eko Devices Inc, GF Health Products, Inc, Rudolf Riester GmbH, (Halma Plc), American Diagnostics Corporation, Cardionics, Heine Optotechnik GmbH & Co. KG. 5. What is the key driving factor for the growth of the global Stethoscopes market? Ans: Key factors that are driving the market growth include the increasing prevalence of cardiovascular and respiratory diseases, the increasing application of digital stethoscopes in the diagnosis of chronic conditions, and rapid technological advancements in the stethoscope
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Stethoscopes Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Stethoscopes Market 3.4. Geographical Snapshot of the Stethoscopes Market, By Manufacturer share 4. Global Stethoscopes Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. The threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. The threat of Substitute Grades 4.1.6.5. The intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Stethoscopes Market 5. Supply Side and Demand Side Indicators 6. Global Stethoscopes Market Analysis and Forecast, 2022-2029 6.1. Global Stethoscopes Market Size & Y-o-Y Growth Analysis. 7. Global Stethoscopes Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Specimen, 2022-2029 7.1.1. Manual Stethoscope 7.1.2. Electronic Stethoscope 7.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 7.2.1. Hospital 7.2.2. Ambulatory Surgical Centers 7.2.3. Other 8. Global Stethoscopes Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Stethoscopes Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Specimen, 2022-2029 9.1.1. Manual Stethoscope 9.1.2. Electronic Stethoscope 9.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 9.2.1. Hospital 9.2.2. Ambulatory Surgical Centers 9.2.3. Other 10. North America Stethoscopes Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Stethoscopes Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 12. Canada Stethoscopes Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 13. Mexico Stethoscopes Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 14. Europe Stethoscopes Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 15. Europe Stethoscopes Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K Stethoscopes Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 17. France Stethoscopes Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 18. Germany Stethoscopes Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 19. Italy Stethoscopes Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 20. Spain Stethoscopes Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 21. Sweden Stethoscopes Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 22. CIS Countries Stethoscopes Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 23. Rest of Europe Stethoscopes Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 24. Asia Pacific Stethoscopes Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 25. Asia Pacific Stethoscopes Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Stethoscopes Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 27. India Stethoscopes Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 28. Japan Stethoscopes Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 29. South Korea Stethoscopes Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 30. Australia Stethoscopes Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 31. ASEAN Stethoscopes Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 32. Rest of Asia Pacific Stethoscopes Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 33. Middle East Africa Stethoscopes Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 34. Middle East Africa Stethoscopes Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Stethoscopes Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 36. GCC Countries Stethoscopes Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 37. Egypt Textile Reinforced Concrete e-Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 38. Nigeria Stethoscopes Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 39. Rest of ME&A Stethoscopes Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 40. South America Stethoscopes Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 41. South America Stethoscopes Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Stethoscopes Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 43. Argentina Stethoscopes Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 44. Rest of South America Stethoscopes Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Stethoscopes Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Grades, and R&D Investment 45.2.2. New Grade Launches and Grade Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Pfizer 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Grade Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Development 45.3.2. 3M 45.3.3. Medline Industries, Inc. 45.3.4. Welch Allyn 45.3.5. GF Health Products, Inc. 45.3.6. Rudolf Riester GmbH 45.3.7. American Diagnostic Corp. 45.3.8. Cardionics 45.3.9. Heine Optotechnik GmbH & Co. KG 45.3.10. Smiths Medical 45.3.11. Others 46. Primary Key Insights