Global Stethoscopes Strategic Business Report 2023: Increasing Prevalence of Chronic Disorders Fuels Market Growth
Global Market for Stethoscopes
Dublin, April 28, 2023 (GLOBE NEWSWIRE) -- The "Stethoscopes: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Stethoscopes estimated at US$441.1 Million in the year 2022, is projected to reach a revised size of US$613 Million by 2030, growing at a CAGR of 4.2% over the analysis period 2022-2030.
Manual & Mechanical Stethoscopes, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$309.4 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Electronic Stethoscopes segment is readjusted to a revised 5.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $141.9 Million, While China is Forecast to Grow at 6.5% CAGR
The Stethoscopes market in the U.S. is estimated at US$141.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$71.5 Million by the year 2030 trailing a CAGR of 6.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 2.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$36 Million by the year 2030.
Select Competitors (Total 76 Featured) -
American Diagnostic Corporation
GF Health Products, Inc.
Medline Industries Inc.
Rudolf Riester GmbH & Co. KG
Suzuken Co., Ltd.
Welch Allyn, Inc.
Yuwell-Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Auscultation: The Age-Old Art Continues to Remain Popular
Stethoscopes to Retain Relevance in the Age of Emerging Alternatives
Developing Markets to Uncover True Potential
China: Fastest Growing Market Worldwide
The Rise of Electronic/Digital Stethoscopes
Electronic Stethoscopes Continue to Grow Despite Limitations
3M: An Ace in the Global Stethoscopes Arena
Leading Players in the Stethoscope Market
Littmann Stethoscopes Designed for Medical Students
Leading Electronic Stethoscopes Models in the Market
A Review of Select Stethoscopes
Select Stethoscope for Nurses
Distribution Dynamics of Stethoscopes
Stethoscopes: Hearing Hearts Speak
Invention of Stethoscopes
Classification by Technology
Manual & Mechanical Stethoscopes
Fetal Heart Rate Detectors
Stethoscopes - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Increasing Prevalence of Chronic Disorders Fuels Market Growth
Global Emphasis on Reducing Infant Mortality Augurs Well for Fetal Heart Rate Detectors
Global Infant Mortality Rate (per 1,000 Live Births) for the Years 2010 through 2018
Ballooning Global Population Offers Significant Growth Opportunities
World Population (in Million) by Geographic Region for the Years 2019, 2025, 2035 & 2050
Top Countries Worldwide in Terms of Population in Million for the Years 1990, 2019 & 2050
Aging Population: A Strong Growth Driver
Demographics Statistics of Aging Populace: Unfurling the Market Potential
Global Population Statistics for the 65+ Age Group in Thousands: 2019 & 2030
Percentage Share of Population Aged 65 & Above of the Overall Population for Select Countries: 2019 & 2030
Life Expectancy at Birth for Select Countries in Number of Years
Improving Healthcare Expenditure to Foster Growth
Healthcare Spending Stats
World Healthcare Spending in US$ Trillion: 2015, 2019(E) & 2025(P)
Healthcare Spending as % of GDP by Select Country: 2018
Per Capita Healthcare Expenditure (in $) by Select Countries: 2018
Surging Demand for Physicians Augur Well for the Stethoscopes Market
Density of Physicians in Select Countries: 2018
Technological Advancements: Spearheading Growth
Technological Developments Help Create Single-Head Acoustic Stethoscopes
Electronic, Wireless Stethoscope to Bring Child Care to Homes
ViScope, an Innovative Visual Stethoscope Featuring ECG Benefits
Taal, An India-made Low-cost Stethoscope Making Waves
Heartbuds Electronic Stethoscope Enables Remote Diagnoses
Eko Core, a Smart Stethoscope Attachment for Accurate and Virtual Diagnoses
Mobile Stethoscope: Putting iPhones and iPads to Medical Use
Bluetooth Enabled Stethoscope: A Major Stethoscope Innovation from 3M
Bluetooth Stethoscopes Combines with Digital Wireless Hearing Aids
CardioSleeve: A Unique Accessory for Stethoscopes
TACTILE Designs New Smartphone Stethoscope Case
Optical Stethoscopes: A Major Technological Breakthrough
Stethoscope Apps on Smartphones: The Way of the Future
Advanced Diagnostic Techniques and Contamination Concerns Relegate Importance of Stethoscopes
Advanced Alternative Systems: A Threat to Conventional Stethoscopes?
Hand-held Ultrasound Devices Gain Prominence among Health Professionals
Adoption of Portable Ultrasound Systems Favorable in Future
Biomedical Radar System: A Superior Alternative to Traditional Stethoscopes
Growing Smartphone Sales: A Business Case for Stethoscope Apps
World Market for Smartphones: Shipments in Million Units for the Years 2015, 2017, 2019 and 2021
Smartphone Adoption Rate by Geographic Region: 2018 & 2025
Digital Stethoscope Concept Faces Challenges
Online Marketing and Online Sales Increases Market Competition
Stethoscope Regulations: Rules for Classification and Marketing Approval
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/4vbx53
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