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Global Stethoscopes Market – Industry Trends and Forecast to 2029

  • Medical Devices
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Stethoscopes Market, By Product Type (Acoustic Stethoscope, Electronic Stethoscope), End User (Hospitals, Clinics, Healthcare Institutes and Organizations, Home Care Settings, Ambulatory Surgical Centers, Urgent Care Centers, Others), Design (Single Head, Double Head, Triple Head), Usability (Reusable, Disposable), Tube Type (Single Tube, Double Tube), Material (Stainless Steel, Aluminum, Zinc, Acrylic Resin, Chrome-plated Brass, Chrome-plated Zinc, Molded Resin, Silicone, Wooden)– Industry Trends and Forecast to 2029

 

Stethoscopes Market

Market Analysis and Size

Medical practitioners are represented by stethoscopes. A stethoscope is commonly seen or shown around the neck of healthcare workers. Acoustic stethoscopes transfer sound from the chest piece to the listener's ears via hollow tubes filled with air. A 3D-printed stethoscope is an open-source medical device that is used for auscultation that is created using 3D printing technology.

Data Bridge Market Research analyses that the stethoscopes market which was USD 414.37 million in 2021, would rocket up to USD 623.97 million by 2029, and is expected to undergo a CAGR of 5.25% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation      

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Acoustic Stethoscope, Electronic Stethoscope), End User (Hospitals, Clinics, Healthcare Institutes and Organizations, Home Care Settings, Ambulatory Surgical Centers, Urgent Care Centers, Others), Design (Single Head, Double Head, Triple Head), Usability (Reusable, Disposable), Tube Type (Single Tube, Double Tube), Material (Stainless Steel, Aluminum, Zinc, Acrylic Resin, Chrome-plated Brass, Chrome-plated Zinc, Molded Resin, Silicone, Wooden)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Prestige Medical (U.K), Timesco Healthcare Ltd. (U.K), Ultrascope (U.S), Sklar Surgical Instruments (U.S),Rudolf Riester GmbH (Germany), Welch Allyn (China), NISCO (India), Medline Industries Inc. (US), 3M (US), Suzuken Co. Ltd. (Japan), GF Health Products Inc. (US), Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. (China), Cardionics Inc. (US), American Diagnostic Corporation (US)

Market Opportunities

  • Recent technological advancements
  • Increase in average patient visits to physicians

Market Definition

A stethoscope is a piece of acoustic medical equipment that is used to listen to the internal sounds of an animal or a human. Heart, lung, and gut noises, as well as blood flow in arteries and veins, can all be heard with stethoscopes. It's usually used in conjunction with a manual sphygmomanometer to check blood pressure.

Stethoscopes Market Dynamics

Drivers

  • Adoption of a double tube stethoscope

Stethoscope will provide clear sound and more accurate diagnosis will likely accelerate the growth of the stethoscopes market in the forecast period of 2022-2029. Due to an increase in the global geriatric population, rising levels of disposable income, increasing investment for the development of technologically innovative products, and the adoption of a double tube stethoscope which provides clear sound and more accurate diagnosis. On the other hand, increasing applications of stainless steel stethoscopes, will enhance numerous opportunities, resulting in the expansion of the stethoscopes market over the forecast period.

  • Rising cases of cardiovascular and pulmonary disorders

The rising number of persons suffering from various cardiovascular and pulmonary ailments will have a substantial impact on the stethoscope industry's future growth. The sort of sound emitted by the heart is linked to the majority of cardiovascular illnesses. Heart auscultation has long been used to diagnose cardiac dysfunction in its early stages. The traditional auscultation approach demands a great deal of clinical knowledge and exceptional listening skills. Precision and speedy diagnoses have been made possible thanks to the introduction of technologically advanced goods. As a result, the above-mentioned factors will help to drive the stethoscope market forward.

  • Improved digitization to drive demand for digital stethoscopes

Most of these disorders require early detection in order to provide prompt treatment, modern electrical or digital stethoscopes have become the preferred choice among healthcare providers. The medical industry's digitisation has had a huge impact on the stethoscope market. In order to provide world-class diagnosis services, primary end users such as hospitals, home health care providers, and physicians have selected modern tools over traditional ones.

Opportunities

  • Increase in number of patients suffering from cardiovascular and pulmonary diseases

The rising number of persons suffering from various cardiovascular and pulmonary disorders will contribute significantly to the future growth of the stethoscope industry. The majority of cardiovascular disorders are linked to the sort of sound made by the heart. Heart auscultation is a crucial tool for detecting heart dysfunction early on. The traditional auscultation method necessitates extensive clinical experience as well as excellent listening abilities. Precision and speedy diagnostics have become possible because to the emergence of technologically advanced products. As a result, the aforementioned factors will help to drive the stethoscope market.

Restraints/Challenges

  • High cost of modern stethoscopes and the unavailability of skilled medical workers

There are a few significant impediments to market expansion. Because of the expenditures associated with ultramodern features, stethoscopes, for example, may be more expensive. This could lead to an increase in healthcare costs. Digital stethoscope sales may be impeded since a large percentage of the world is still unable to acquire vastly enhanced diagnostic equipment due to its expensive cost. Simultaneously, a lack of awareness on how to use digitised diagnostic devices is a market-disrupting factor. As a result, a scarcity of competent healthcare personnel could stymie industry expansion.

This stethoscopes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the stethoscopes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 impact on Stethoscopes Market

Presently, the healthcare industry is booming. Because of the present COVID-19 epidemic, demand for healthcare services is at an all-time high. Because COVID-19 is a respiratory disorder, it's critical to pay attention to the lungs and heart in any therapeutic situation. Furthermore, tech-enabled healthcare solutions are being sought when this new condition leads to further consequences that are difficult to treat with existing approaches. Digital stethoscopes are an important part of the worldwide technology boom for treating this unique disease.

Recent Development

  • In May 2021, Eko said that its smart stethoscope with AI algorithm for detecting heart murmurs has been approved as accurate and dependable, with performance comparable to that of a cardiologist.
  • In 2020, During COVID-19, Thinklabs One introduced a technologically advanced electronic stethoscope that enables for Safe Distance AuscultationTM to keep healthcare personnel safe.

Global Stethoscopes Market Scope

The stethoscopes market is segmented on the basis of product, tube type, usability, design, material, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Acoustic Stethoscope
  • Neonatal Stethoscope
  • Pediatric Stethoscope
  • Fetal Stethoscope
  • Pinard Horns
  • Fetoscope
  • Cardiology Stethoscope
  • Veterinary Stethoscope
  • Teaching Stethoscope
  • Others
  • Electronic Stethoscope
  • Digitizing Stethoscope
  • Amplifying Stethoscope

Design

  • Single Head
  • Double Head
  • Triple Head

Usability

  • Reusable
  • Disposable

Tube Type

  • Single Tube
  • Double Tube

Material

  • Stainless Steel 
  • Aluminium 
  • Zinc
  • Acrylic Resin
  • Chrome-plated Brass
  • Chrome-plated Zinc
  • Molded Resin
  • Silicone
  • Wooden
  • Others

End-user

  • Hospitals
  • Physician Office
  • Ambulatory Surgical Centers
  • Urgent Care Centers
  • Academic Institutes
  • Others

Stethoscopes Market Regional Analysis/Insights

The stethoscopes market is analysed and market size insights and trends are provided by country, product, tube type, usability, design, material, and end-user as referenced above.

The countries covered in the stethoscopes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The market for stethoscopes is dominated by North America due to the presence of the majority of producers and the adoption of modern technology.

Due to rising healthcare spending and a growing population, Asia-Pacific is predicted to develop at the fastest rate in the projection period of 2022 to 2029.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Stethoscopes Market Share Analysis

The stethoscopes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to stethoscopes market.

Some of the major players operating in the stethoscopes market are:

  • Prestige Medical (U.K)
  • Timesco Healthcare Ltd. (U.K)
  • Ultrascope (U.S)
  • Sklar Surgical Instruments (U.S)
  • Rudolf Riester GmbH (Germany)
  • Welch Allyn (China)
  • NISCO (India)
  • Medline Industries Inc. (US)
  • 3M (US)
  • Suzuken Co. Ltd. (Japan)
  • GF Health Products Inc. (US),
  • Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. (China)
  • Cardionics Inc. (US)
  • American Diagnostic Corporation (US)

Research Methodology: Global Stethoscopes Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The stethoscopes market value is expected USD 623.97 million by 2029.
The Stethoscopes Market is to grow at a CAGR of 5.25% during the forecast by 2029.
On the basis of product, the Stethoscopes Market is segmented into Acoustic Stethoscope, & Electronic Stethoscope.
The major countries covered in the Stethoscopes Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.