Stethoscope Market:
WiseGuyReports.com adds “Global Stethoscope Market: Opportunities and Forecast (2019-2024)” reports to its database.
Executive Summary
This report has been prepared after comprehensive primary and secondary research. It aims to present the analysis of the global stethoscopes market. The report analyzes the global stethoscope market in terms of volume (numbers) and value. It also gives full information about key manufacturers, types, applications, and regions of it. The global stethoscope market is projected to display a robust growth represented by a CAGR of 4.91% during 2019 – 2024.
The report aims to provide solid market intelligence and help decision makers take intelligent investment evaluation. Further, the report also identifies and analyses the emerging trends along with major drivers, challenges, and opportunities in the global stethoscope market. The report shows market entry strategies for various companies across the globe. It also includes market dynamics – drivers and restraints, market trends and SWOT analysis.
With changing lifestyles, increasing awareness, and growing population, the stethoscope market is witnessing huge growth. North America is one of the largest manufacturers of the stethoscope. These manufacturers focus on expanding their product portfolio and offering the latest technology-driven stethoscopes to clinicians and physicians. They are also focusing on improving the quality of healthcare services. They are boosting the growth of the market for stethoscopes during 2014-2024.
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Segmentation
The in-depth study of this report provides details about the competitive landscape. It analyzes each manufacturer’s stethoscopes manufacturing sites, capacity, production, ex-factory price, revenue, and market share in the global market. The key manufacturers covered are 3M, Medline Industries Inc, Welch Allyn, GF Health Products Inc, Rudolf Riester GmbH, American Diagnostic Corporation, Cardionics, Heine Optotechnik GmbH & Co., Smiths Medical, and Omron Corporation.
By product, the market is segmented into a manual stethoscope and electronic stethoscope. By application, the market is segmented into hospitals, ambulatory surgical centers, clinics, home care, and others.
Regional Analysis
Regionally, the market is segmented into North America, Europe, APAC, and the rest of the World. By country, the market is segmented into the US, Canada, Germany, France, UK, Italy, China, Japan, India, and South Korea. By region, North America accounted for the largest regional share in the global stethoscope market in 2019. The Asia Pacific is likely to showcase significant growth over the next decade. This region has the presence of local and key market players. The population is also on the rise and healthcare expenditure is increasing in countries like Japan and China.
Industry News
In September 2019, smart stethoscope company Eko raised USD 20 million. In 2015, Eko had launched the first Android connected digital stethoscope. It has an amplifying factor of 40X and enables wireless streaming of heart and lung sounds via a mobile app. This device received FDA approval and is compatible with iOS too. The market for electronic stethoscope is also likely to grow in the coming years. An electronic stethoscope is a medical device for auscultation or listening to the internal sounds of an animal or human body.
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