In the past decade the global digitization has brought major changes in the stethoscope market. The increase in population, increase in health concerns, and willingness to spend on advanced healthcare has been enabling growth in the stethoscope market. According to report, the market is forecast to rise at 5.2% CAGR during the forecast period (2020-2030).
Recently, the unprecedented outbreak of COVID-19 has augmented growth in the market. The rising incidence of cardio-vascular and respiratory diseases has made early detection of ailments necessary. This is further expected to fuel the demand for digitized stethoscopes.
As the rising demand for the medical diagnosis tools persists, the market will witness launch of newer models. Also, the improving ecommerce and online availability of stethoscope in semi-regulated markets such as Africa, China, and will aid the expansion. For instance, South Africa based physician can fulfil the requirement of Littman® stethoscope by ordering from U. S.
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Impact of COVID-19 Pandemic
Due to the COVID-19 pandemic the Stethoscope market is likely to experience a sudden surge in the demand of stethoscopes across the country. Being highly infectious and in the need of immediate attention, earliest detection is very crucial in this case and modern improvised stethoscopes are always first choice for proper diagnosis in this case.
The strategic market leaders are leveraging this opportunity to excel in the global market in order to remain in the top. For instance, the Spanish developer of stethoscopes eKuore Mobile Health Devices has launched their brand new digital stethoscope with the features of wireless auscultation, in order to minimize the threat of COVID-19 infection among the frontline workers.
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Key Countries Covered: US, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
With the highly advanced innovations, the market is witnessing rapid expansion in terms of both market value and market volume.
Approximately 15+ top stethoscope players with advanced digital technologies, and various strategic product launches and applications are focusing on targeted growth by catering to changing requirements of the end-users. For instance, American Diagnostic Corporation has released their digitized stethoscopes for early detection of breast cancer.
The medical equipment manufacturer of China Meditech Equipment Co. Ltd. have invented their advanced diagnostic ECG kit which enables the physicians to detect the underlying heart conditions at the earliest.
The American giant company Eko Devices Inc. has launched their Eko DUO ECG + Digital stethoscope, a highly advanced version of stethoscope to diagnose the more in-depth insights of the cardiac functions.
Other leading market players are-
Americas (North America & Latin America)
- Welch Allyn, Inc.
- Think Labs Medical LLC
- GF Health Products, Inc.
- Rijuven Corporation
- The 3M Company
- American Diagnostic Corporation
- Eko Devices Inc.
- A&D Medical
- Rudolf Riester GmbH
- Cardionics, Inc. (3B Scientific GmbH)
- Contec Medical Systems
- Meditech Equipment Co., Ltd.
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Segment by Type
- Manual & Mechanical Stethoscopes
- Electronic Stethoscopes
- Esophageal Stethoscopes
- Fetal Stethoscopes
- Fetal Heart Rate Detectors
Segment by Application
- Healthcare Institutes & Organizations
- Home Care Settings
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