This report studies the Stethoscopes market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Stethoscope is a medical device used for listening to internal sounds of a human being such as heart and lung sounds. Stethoscope naturally has a small disc shaped resonator that is placed against the chest and two tubes are connected to earpieces. This device is also used for listening to intestines and blood flow in arteries and veins.
Increase in geriatric population has increased the demand for newly advanced stethoscope technology for the primary diagnosis of several chronic health conditions. People above 65 years of age are at a higher risk of developing chronic diseases. According to WHO, the world population aged 60 years and older is expected to reach up to 2 billion by 2050 from 900 million in 2015. This is expected to drive the market.
Furthermore, the introduction of new products, ongoing R&D by market players & universities, geographical expansion of market players, and several government initiatives are likely to boost the market during the forecast period. For instance, the Chinese government plans to expand insurance coverage by providing demand subsidies to the rural population by introducing a New Cooperative Medical Scheme to raise care cost for improved and rapid treatment.
The global Stethoscopes market was 310 million US$ in 2017 and is expected to 440 million US$ by the end of 2025, growing at a CAGR of 4.5% between 2018 and 2025.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Stethoscopes in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
3M
American Diagnostic
GF Health Products
Medline Industries
Rudolf Riester
A&D Medical
Contec Medical Systems
ERKA
EXANOVO GROUP
By the product type, the market is primarily split into
Manual & Mechanical Stethoscopes
Electronic Stethoscopes
Esophageal Stethoscopes
Fetal Stethoscopes
Fetal Heart Rate Detectors
By the end users/application, this report covers the following segments
Hospitals
Clinics
Healthcare Institutes & Organizations
Home Care Settings
Others
The study objectives of this report are:
To study and analyze the global Stethoscopes market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of Stethoscopes market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Stethoscopes manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Stethoscopes with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Stethoscopes submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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