Newark, New Castle, USA, May 05, 2023 (GLOBE NEWSWIRE) -- In accordance with the most recent analysis by Growth Plus Reports, the global market for stethoscopes was estimated to be worth US$ 631.5 million in 2022 and is expected to surge past a revenue CAGR of 5.7% to reach US$ 1,040.1 million by 2031.
The global stethoscope market was analyzed and is expected to rise significantly during the forecast period. A stethoscope is a piece of diagnostic and monitoring equipment used to examine biological sounds in anatomical locations. It is widely used by doctors to evaluate the heart, lungs, and other internal organs.
Request a Free Sample PDF: https://www.growthplusreports.com/inquiry/request-sample/stethoscope-market/8701
Stethoscope Market Scope
| Report Attribute | Details |
| Market Size Value in 2022 | US$ 631.5 million |
| Market Size Value in 2031 | US$ 1,040.1 million |
| Growth Rate | CAGR of 5.7% from 2023 to 2031 |
| Base Year for Estimation | 2022 |
| Forecast Period | 2023 to 2031 |
| Historical Year | 2021 |
| Segments Covered | Type, Distribution Channel, End User, and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Key Takeaways:
- The rising prevalence of chronic diseases is driving the market revenue share.
- The increased demand for innovative and useful diagnostic tools accelerates market revenue growth.
- The market is propelled by rising disposable income levels and the geriatric population.
Recent Development in the Global Stethoscope Market:
- In August 2022, Caregility, a telehealth platform firm, and Eko, a telehealth stethoscope developer, formed an integration collaboration. The cloud platform of Caregility can communicate with Eko's smart stethoscopes and software.
Competitive Landscape
A list of the top market players operating in the global market for stethoscopes is as follows:
- Sklar Surgical Instruments
- Rudolf Riester GmbH
- Welch Allyn
- Prestige Medical
- Timesco Healthcare Ltd.
- Ultrascope
Market Drivers and Restraints:
The global stethoscope market revenue is driven by the increased prevalence of heart disorders and respiratory illnesses such as asthma, acute bronchitis, cystic fibrosis, and emphysema. Furthermore, the demand for product development using smart sensors drives the market revenue share exponentially.
However, some regulatory concerns regarding its safety and effectiveness are expected to restrain the revenue growth of the global stethoscope market.
Request for Customization – https://www.growthplusreports.com/inquiry/customization/stethoscope-market/8701
Market Segmentation:
Segmentation By Type
Based on type, the global stethoscope market is segmented into a smart digital stethoscope, traditional acoustic stethoscopes, and amplifying stethoscopes. Due to the rising demand for accurate diagnosis in a lesser time, the smart digital stethoscope segment accounts for the largest market revenue share.
Segmentation By Distribution Channel
Based on the distribution channel, the global stethoscope market is segmented into distributors, e-commerce, and direct purchase. The distributor's segment accounts for the largest revenue share due to the long-term agreement, cost saving or third parties and guaranteed consistent flow of medical supplies.
Segmentation By End-User
Based on the end-user, the global stethoscope market is segmented into home healthcare, hospitals, clinics, nurse practitioners, and veterinary. The hospital segment accounts for the largest revenue share due to the continuous requirements of these products, better patient care, and an increasing number of chronic cases.
Regional Growth Dynamics
Based on the region, the global stethoscope market is segmented into North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa. Due to the rising prevalence of chronic disease, lifestyle changes, and sophisticated healthcare infrastructure, North America accounts for the largest revenue share in the global market.
Report Coverage
Growth Plus Reports studied the global market for stethoscopes in-depth. Basic market features, important investment sectors, analyses of regional growth, revenue projections, rival market participants, and mergers and acquisitions were all examined.
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2021
- Base Year – 2022
- Forecast Years – 2023 to 2031
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trends (COVID-19 Perspective)
- Key Players & Competitive Positioning (2022)
- Regulatory Landscape
- Reimbursement Scenario
- MARKET DYNAMICS
- Drivers
- Restraints/Challenges
- Opportunities
- GLOBAL STETHOSCOPE MARKET - ANALYSIS & FORECAST, BY TYPE
- Smart Digital Stethoscope
- Traditional Acoustic Stethoscope
- Amplifying Stethoscope
- Others
- GLOBAL STETHOSCOPE MARKET - ANALYSIS & FORECAST, BY DISTRIBUTION CHANNEL
- Distributors
- E-commerce
- Direct Purchase
- GLOBAL STETHOSCOPE MARKET - ANALYSIS & FORECAST, BY END USER
- Home Healthcare
- Hospitals
- Clinics
- Nurse Practitioners
- Veterinary
- Others
Buy this Premium Research Report: https://www.growthplusreports.com/checkout-8701
VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on 'Strategic Developments' registered by leading players of the market
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- 'Business Profile' of Key Players
Schedule a call with our analyst: https://appoint.ly/s/salesZ3Jvd3RocGx1c3JlcG9ydHMuY29t/introduction
Visit our report store at - https://www.growthplusreports.com/report-store
Browse more latest healthcare reports:
Gene Amplification Technologies Market by Technology (Target Application, Loop-mediated Isothermal Amplification), Application (Medical and Pharmaceutical, and Forensic and Identity Testing) – Global Outlook & Forecast 2023-2031
Ophthalmic Knives Market by Design (Straight Knives, Crescent Knives), Product (Reusable ophthalmic Knives), Application (Cataract Surgery, Keratitis Surgery) – Global Outlook & Forecast 2023-2031
Drug Metabolizing Enzyme Market by Type (Cytochrome P450, Sulfotransferase, UDP-glucuronosyltransferase), Application (Personalized medicine, Drug Discovery & Development, Diagnostic Testing) – Global Outlook & Forecast 2023-2031
Anti-GBM Autoantibody Disease Market by Treatment Type (Immunosuppressive, Corticosteroids, Others), Distribution Channel (Hospital, Retail and Online Pharmacy) – Global Outlook & Forecast 2023-2031
Non-Hormonal Birth Control Market by Type (Contraceptive Devices, Sterilization), Gender (Male, Female) – Global Outlook & Forecast 2023-2031
About Us:
Growth Plus Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).
Growth Plus portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.
We were awarded by the prestigious CEO Magazine as "Most Innovative Healthcare Market Research Company in 2020".
