Dublin, April 09, 2024 (GLOBE NEWSWIRE) — “Global Stethoscope Market Size, Share and Trends Analysis Report by Technology Type (Electronic/Digital Stethoscope, Smart Stethoscope), Sales Channel, End Use, Region and Forecast for segments, 2024-2030” added report ResearchAndMarkets.com supply.
The global stethoscope market size is expected to reach USD 949.88 million by 2030 and is projected to grow at a CAGR of 5.96% from 2024 to 2030. The market is driven by various factors such as rapid growth of the geriatric population, technological advances, increasing adoption of telemedicine and remote patient monitoring combined with expanding telehealth applications.
The escalating demographic of the elderly is having a notable impact on the healthcare sector, particularly within the medical device market exemplified by devices such as stethoscopes. According to the CDC, it is recognized that people over the age of 65 are at a higher risk of developing serious health problems, such as heart disease, common asthma, colds and flu, chronic obstructive pulmonary disease, diabetes and other medical conditions. This is because aging weakens the immune system and therefore increases an individual’s susceptibility to various diseases. Stethoscopes play a key role in the healthcare sector, especially for home care, facilitating the systematic monitoring and assessment of the health status of elderly patients by healthcare professionals.
For example, the WHO data report estimates that by 2040, the demographic projection shows that the proportion of people aged 60 and over in China’s population is expected to be 28%, approximately 402 million people, of the total population due to the extended duration of life associated with a declining birth rate. Additionally, as healthcare costs rise with an aging population, there may be increased investment in medical equipment, including stethoscopes, to improve diagnostic capabilities and improve the quality of care for the elderly, thereby driving market growth in near future.
Stethoscopes Market Report Highlights
- On the basis of technology type, the smart stethoscope segment is expected to register the fastest CAGR of 7.02% during the forecast period, owing to the advanced noise reduction technology in smart stethoscopes that helps filter ambient noise, providing a clearer and more accurate auscultation
- Based on sales channel, the e-commerce segment is expected to register the fastest CAGR of 7.01% during the forecast period. E-commerce platforms allow stethoscope manufacturers and sellers to reach a global audience. This expanded reach helps healthcare professionals and consumers access a variety of stethoscope options regardless of their geographic location
- On the basis of end-use, the hospital segment is expected to register the fastest CAGR of 6.40% due to rising hospital admissions due to rising cases of chronic diseases
- North America dominates the market with a revenue share of 32.64% in 2023 owing to the presence of majority of key market players in this region
Key Attributes:
| Report attribute | Details |
| Number of pages | 300 |
| Forecast period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $634.93 million |
| Estimated Market Value (USD) to 2030 | $949.88 million |
| Compound Annual Growth Rate | 5.9% |
| Regions covered | Global |
Main topics covered:
Chapter 1. Stethoscopes Market: Methodology and Scope
Chapter 2. Stethoscopes Market: Executive Summary
2.1. Market perspective
2.2. Outlook segment
2.3. Competitive insights
Chapter 3. Stethoscopes Market: Variables, Trends and Scope
3.1. Prospects for market ancestry
3.2. Market dynamics
3.2.1. Market Engine Analysis
3.2.1.1. Partnerships and collaborations between key industry players
3.2.1.2. Increasing adoption of the digital stethoscope in the diagnosis of chronic conditions
3.2.1.3. The increasing prevalence of cardiovascular and respiratory diseases
3.2.2. Analysis of market constraints
3.2.2.1. High cost of electronic/smart stethoscopes
3.2.3. Analysis of market opportunities
3.2.3.1. Technological progress
3.2.4. Analysis of market challenges
3.2.4.1. A strict regulatory framework
3.3. Stethoscope Market Analysis Tools
Chapter 4. Stethoscopes Market: Technology Type Assessments and Trend Analysis
4.1. Segment dashboard
4.2. Global Stethoscope Market Movement Analysis
4.3. Global Stethoscopes Market Size and Trend Analysis, by Technology Type, 2018 to 2030 (USD Million)
4.4. Electronic/digital stethoscope
4.5. Smart stethoscope
4.6. A traditional acoustic stethoscope
Chapter 5. Stethoscopes Market: Sales Channel Estimates and Trend Analysis
5.1. Segment dashboard
5.2. Global Stethoscope Market Movement Analysis
5.3. Global Stethoscopes Market Size and Trend Analysis, by Sales Channel, 2018 to 2030 (USD Million)
5.4. Distributors
5.5. E-commerce
5.6. Direct purchase
Chapter 6. Stethoscopes Market: End-Use Estimates and Trend Analysis
6.1. Segment dashboard
6.2. Global Stethoscope Market Movement Analysis
6.3. Global Stethoscopes Market Size and Trend Analysis, by End-Use, 2018 to 2030 (USD Million)
6.4. Home health care
6.5. Hospitals
6.6. Clinics
6.7. Nurse Practitioners
6.8. EMT/First Responders
6.9. Veterinary
Chapter 7. Stethoscopes Market: Regional Estimates and Trend Analysis by Technology Type, by Sales Channel, by End Use
7.1. Regional dashboard
7.2. Market Size and Forecast and Trend Analysis, 2018 to 2030
Chapter 8. Competitive landscape
8.1. Categorization of market participants
8.2. Key Company Profiles
- 3M
- Medline Industries
- Welch Allyn
- Eco Health
- GF Health Products
- Rudolf Rister
- American Diagnostics
- Cardionics Inc.
- Paul Hartman
- HEINE Optotechnik
- StethoMe
For more information on this report, visit https://www.researchandmarkets.com/r/tkgsyt
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Global Stethoscopes Market
