Global Stethoscope Market growing at a CAGR of 5.9% from 2023 to 2030
Category : Medical Devices | Published Date : Sep 2023
Key Market Overview
Consegic Business Intelligence analyzes that the stethoscope market is predicted to grow at a compound annual growth rate of 5.9% from 2023 to 2030 and is expected to reach USD 916.33 million in 2030 which was valued at USD 583.05 million in 2022.
The report highlights the increasing use of stethoscopes for cardiovascular diseases and treatment, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the stethoscope market.
Global Stethoscope Market By Overview
The stethoscope market is bifurcated into type, design, tube type, end-use, and sales channel. Based on type, the market is segmented into electronic stethoscope, acoustic stethoscopes. In 2022, the acoustic stethoscopes segment dominate the overall stethoscope market. The design segment is categorized into single head, double head. In 2022, the single head segment accounted for the highest market share in the stethoscope market. Based on tube type, the market is segmented into single tube, double tube. In 2022, the single tube segment dominates the overall stethoscope market. The end-use segment is categorized into hospitals and clinics, ambulatory surgical centers, diagnostic centers, others. In 2022, the hospital and clinics segment accounted for the highest market share in the stethoscope market. The sales channel segment is categorized into online and offline. In 2022, the offline segment accounted for the highest market share in the stethoscope market.
Get Free SampleMarket Dynamics
Driver:
- The increasing incidence of cardiovascular and respiratory diseases is accelerating the demand for stethoscopes.
- Growing preference for electronic stethoscopes driving the market growth.
Restraints:
- The high cost of advanced stethoscope models restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Electronic Stethoscope, Acoustic Stethoscopes |
| By Design | Single Head, Double Head |
| By Tube Type | Single Tube, Double Tube |
| By End User | Hospitals and Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Others |
| By Sales Channel | Online, Offline |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as 3M, Baxter International (Hill-Rom), and GF Health Products Inc. which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the stethoscope market is expected to witness substantial growth in the coming years due to the increasing development of new healthcare facilities in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- 3M
- Baxter International (Hill-Rom)
- GF Health Products Inc.
- Medline Industries Inc.
- American Diagnostic Corporation
- Rudolf Riester GmbH
- Cardionics Inc.
- ICU Medical
- Heine Optotechnik GmbH & Co. KG
- Eko Devices
- Meditech Equipment Co., Ltd.
- Contec Medical Systems