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) -
- 3M Company
- American Diagnostic Corporation
- Cardionics, Inc.
- GF Health Products, Inc.
- Medline Industries Inc.
- NISCO (INDIA)
- 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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 352 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $441.1 Million |
| Forecasted Market Value (USD) by 2030 | $613 Million |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
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
- Competitive Scenario
- 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
- Product Overview
- Stethoscopes: Hearing Hearts Speak
- Invention of Stethoscopes
- Classification by Technology
- Manual & Mechanical Stethoscopes
- Electronic Stethoscopes
- Esophageal Stethoscopes
- Fetal 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
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/4vbx53
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