Stethoscope Market Research Report: by Type (Manual Stethoscope (Fetal Stethoscope), Electronic Stethoscope (Esophageal Stethoscopes, Fetal Heart Rate Detectors), and End User (Hospitals, Clinics, Ambulatory Surgical Centers) – Forecast till 2024
Market Research Future (MRFR) announces the publication of its research report –Global Stethoscope Market, 2019–2024. It is estimated that the global Stethoscope market is expected to register a CAGR ~ 4.6% during the forecast period of 2019 to 2024 with an estimated market value of USD 332.1 million in 2018.
The global stethoscope market is driven by factors such as the growing research and development, rising prevalence rates of chronic diseases, and the growing adoption rate of new technology in the diagnostic industry. For instance, in March 2018, Neurologists from Stanford University develop brain stethoscope that can translate the brain’s activity into sounds so that silent seizures can be detected. Such a level of research activity ought to push the growth of the market during the assessment period. However, the lack of awareness, poor healthcare system and less access to health services in certain economies is restraining the growth of stethoscope market.
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On a regional basis, the stethoscope market in the Americas is anticipated to dominate the market during the forecast period. The North American region holds a significant share in the global market. This is due to the increasing per capita healthcare expenditure, increase in product innovation, and heavy adoption of new technology in the region. Also, numerous major players are based in the US, owing to which the US has become a major center for modernization and innovation in the stethoscope market.
Currently, the global stethoscope market is dominated by several players. The major players in this market are involved in strategic partnerships, and new product launches to expand its product portfolio. For instance, in January 2018, M3DICINE Inc, announced the launch of Stethee, the world’s first AI-enabled stethoscope system. By employing these strategies, the prominent players focus on increasing their market share in the global market.
The global stethoscope market has been segmented into type, and end user.
Some of the key players in the global stethoscope market are Heine Optotechnik, 3M, A&D Medical, Smiths Medical, American Diagnostic Corporation, Cardionics, GF Health Products, McCoy Medical, Medline Industries, Omron Corporation, Rudolf Riester, and Welch Allyn.
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Browse Complete Report with TOC @ https://www.marketresearchfuture.com/reports/stethoscope-market-7802
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