The global Stethoscope Market size is expected to value at USD 522.6 million by 2025. The market is subject to witness a substantial growth due to the increase in the prevalence of cardiovascular and pulmonary disorders, rise in personal healthcare expenditure, and recent technological advancements. Rise in adoption of the latest technologies such as Bluetooth and digital wireless that allows hearing aid wearers with the help of stethoscope and stethoscope android apps on smartphones, thus driving the growth of stethoscope industry in upcoming years. Globally, the stethoscope market is predicted to grow at CAGR of 4.7% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

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Rise in geriatric population across the globe has led to high-end demand for highly advanced stethoscope technology, particularly to perform detailed diagnosis of severe chronic health disorders. Chronic diseases are more prevalent among people above the age of sixty-five years due to weakened immune system. As per reports presented by World Health Organization (WHO), elderly population is expected to cross two billion by 2050, such factors prove critical for the growth of stethoscope industry in near future.

Additionally, the recent development of innovative technologies and increasing focus towards research & development of stethoscope by prominent industry players are some of the key factors responsible for market expansion, in recent years. Rising competition among market players and numerous governmental initiatives coupled with rise in the healthcare expenditure by developed economies is further strengthening market growth. Recent governmental initiatives undertaken by developing economies such as China and India to provide subsidies in the rural areas with the introduction of schemes like New Cooperative Medical Scheme are predicted to fasten the growth of stethoscope market over the forecast period.

With advent of wireless stethoscope, which is capable of connecting and amplifying sound signal twenty times, alongside removing excess of undesirable noise, are expected to boost sales of stethoscope in upcoming years. Stethoscope is categorized mainly into two types based on their work mechanism such as manual stethoscopes and electronic stethoscopes. Electronic stethoscope is widely popular among the two, due to increasing adoption in developed economies since last decade.

Electronic stethoscopes offer advantages such as superior digital sound broadcast capabilities, audio and video response, and storage capabilities. Additionally, growing adoption of the wireless electronic stethoscopes in tele-medicine is expected to influence demand of electronic stethoscopes, in upcoming years. Some of the additional advantages of the digital stethoscope include improved speed of operation, precision and flexibility, thus allowing easy diagnosis of various heart related conditions by amplifying heart and lung sound signal by forty times and generating & storing the digital files.

The stethoscope is termed as medical equipment that is commonly used for measuring, or listening to the internal sounds of heart and lung of an animal or human being. The stethoscope is commonly consists of a smaller disc shaped resonator, which is pressed around the chest area, with two tubes joined to earpieces. The stethoscope is used to listen to movements in intestines and blood flow in veins and blood vessel. The stethoscope helps to measure blood pressure along with a sphygmomanometer, thus fueling the market growth.

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The stethoscope industry is divided by region such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the adoption of latest technologies and existence of well-established healthcare infrastructure. Asia-Pacific region is predicted to hold major market share in the stethoscope market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with rise in older population in the region, increasing demand of stethoscope, rise in health expenditure, and significant investment by leading industry players considering potential opportunities in the region.

The key players in the stethoscope industry are 3M Company, Medline Industries Incorporations, Welch Allyn Incorporations, GF Health Products Incorporations, Rudolf Riester Co., American Diagnostic Co., Cardionics Incorporations, Heine Optotechnik Corporations, and Smiths Medical.

Market Segment:

Type Outlook (Revenue, USD Million, 2014 - 2025)
    • Manual Stethoscopes
    • Electronic Stethoscopes

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Stethoscope Market Synopsis:

The increasing demand for healthcare services is likely to lead to a drastic increase in demand for medical devices and equipment over the next couple of years. As per the assessment offered by Market Research Future (MRFR), the global stethoscope market, valued at USD 332.1 Mn in 2018, is anticipated to scale a CAGR of 4.6% during the forecast period of 2019 to 2024.

Rising prevalence of chronic diseases, in conjunction with increasing patient population, is projected to positively influence the expansion of the global stethoscope market in the years to come. In addition, the increasing number of skilled professionals is anticipated to fuel the demand for stethoscopes all over the world.

Technological advancements are prognosticated to dictate the expansion of the stethoscope market in the foreseeable future. Healthcare sector signifies the need for accurate and efficient equipment for monitoring and diagnosis. Integration of digitalization with medical equipment is likely to work in favor of the stethoscope market. The introduction of digital stethoscopes has revolutionized the growth trajectory and is projected to gain further traction of the market in the upcoming years.

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The advent of new technologies such as sensor, Artificial Intelligence, etc. is expected to play a crucial role in the development of the stethoscope market in the nearby future. However, on the contrary, limited access to healthcare services in the poor economies is poised to check the expansion of the market in the upcoming years.

Stethoscope Market Segmentation:

The global stethoscope market, by type, has been bifurcated into manual stethoscope and electronic stethoscope. The manual stethoscope segment has been further sub-divided into fetal stethoscope and others. The electronic stethoscope segment is sub-segmented into fetal heart rate detectors, esophageal stethoscopes, and others.

By end user, the stethoscope market has been segmented into clinics, hospitals, ambulatory surgical centers, and others.

Stethoscope Market Regional Analysis:

By region, the global stethoscope market has been segmented into four major regions, viz. Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). Americas is expected to hold the dominant share of the global market in the upcoming years. Led by the U.S., North America is anticipated to play a crucial role in the development of the regional stethoscope market over the next few years. The developments in the healthcare sector, in conjunction with the rising demand for medical services, is projected to drive the expansion of the regional market over the review period.

Asia Pacific, on the other hand, has been prognosticated to strike a relatively higher CAGR owing to the rapid developments being observed in the healthcare industry of the region. The growth of medical tourism in the region, coupled with the adoption of advanced technologies, is projected to influence the growth trajectory of the regional market positively.

Stethoscope Market Competitive Dashboard:

The important participants of the stethoscope market profiled in this MRFR report are A&D Medical, 3M, American Diagnostic Corporation, GF Health Products, Cardionics, Heine Optotechnik, Medline Industries, McCoy Medical, Omron Corporation, Smith’s Medical, Rudolf Riester, and Welch Allyn.

Stethoscope Industry News:

In May 2019, Concierge Telemedicine system (CTM) has been launched in the European Union (EU). The basic CTM exam kit includes PCP-USB telemedicine stethoscope and other equipment.

In November 2018, Steth IO, manufacturer of smartphone stethoscope, has announced the launch of an AI assistant for the detection of heart diseases.

In October 2018, a team of researchers at the University of Rochester Medical Center (URMC) and the Rochester Institute of Technology (RIT) have developed a digital stethoscope which is designed to monitor implanted heart pumps. The equipment includes a microphone and ECG leads.

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Table Of Contents:

Chapter 1. Report Prologue 

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Overview

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation 

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges 

Chapter 5. Market Factor Analysis

...Continued

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

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Market Research Future

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Email: sales@marketresearchfuture.com

Stethoscope Market Highlights

It is estimated that the global stethoscope market is expected to register a CAGR ~ 4.6% with an estimated market value of USD 332.1 million during the forecast period of 2019 to 2024.

Numerous factors such as increasing incidence rate of life-threatening diseases, increased spending on healthcare, and continuous research and development in the diagnostic field are anticipated to fuel the growth of the market. The technological improvements such as Bluetooth connectivity with digital wireless hearing aids is expected to fuel the market growth. Also, increasing research activities carried out by institutes, and private organizations will push for the growth of the market. For instance, in October 2018, researchers from Rochester Institute of Technology and University of Rochester Medical Center, US developed a new electronic stethoscope that combines precision sensors, electrocardiogram technology, and machine learning applications into one piece of equipment to better detect heart ailments and problems that might occur with an implanted heart pump. However, poor healthcare system and less access to health services in certain economies are projected to curb the growth of stethoscope market.

The global stethoscope market is currently dominated by many market players. The key players in the market are involved in new product launches and strategic partnerships to strengthen its market position. For instance, in January 2018, M3DICINE Inc, announced the launch of Stethee, the world’s first AI-enabled stethoscope system. Also, in September 2015, eKuore launched the first wireless stethoscope in Düsseldorf, Germany.

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Stethoscope Market Key Players

Some of the key players in the global stethoscope market are McCoy Medical, 3M, A&D Medical, Rudolf Riester, American Diagnostic Corporation, Cardionics, Omron Corporation, GF Health Products, Heine Optotechnik, Medline Industries, Smith’s Medical, and Welch Allyn.

Stethoscope Market Regional Analysis

The market in the Americas is expected to dominate the global stethoscope market during the forecast period owing to the increasing per capita healthcare expenditure, heavy implementation of new technology in the region, and increase in product innovation. The US is expected to hold the major share in the market owing to increased technology adoption. For instance, in March 2018, Neurologists from Stanford University, California, developed brain stethoscope that can translate the brain’s activity into sounds so that silent seizures can be detected. Europe is expected to hold the second largest position in the global stethoscope market. The market growth in this region is because of the presence of a well-established healthcare system. The growth in the number of medical personnel is also contributing to the growth in the region. Asia-Pacific is estimated to be the fastest growing region in the market due to the rise in the number of awareness programs. The market in the Middle East & Africa is likely to account for the smallest share of the global stethoscope market. The market growth in this region owes to the low disposable income in the region.

Stethoscope Market Segmentation

The global stethoscope market has been segmented into type, and end user. The market, based on type, has been segmented into manual stethoscope and electronic stethoscope. The market, by manual stethoscope, has been further segmented into a fetal stethoscope, and others. The market, by electronic stethoscope, has been sub-segmented into esophageal stethoscopes, fetal heart rate detectors, and others. The market, by end user, has been segmented into hospitals, clinics, ambulatory surgical centers, and others. Hospitals are expected to hold a major share in the end user segment owing to the increased incidences of chronic diseases, as well as the rise in the patient visits. Clinics are projected to be the fastest growing segment due to the ease of accessibility it provides to the patients. 

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com