DUBLIN--(BUSINESS WIRE)--The "Stethoscopes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Stethoscopes estimated at US$385 Million in the year 2020, is projected to reach a revised size of US$514.7 Million by 2026, growing at a CAGR of 4.3% over the analysis period.
The U.S. Market is Estimated at $111 Million in 2021, While China is Forecast to Reach $102.8 Million Units by 2026
The Stethoscopes market in the U.S. is estimated at US$111 Million in the year 2021. The country currently accounts for a 27.02% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$102.8 Million in the year 2026 trailing a CAGR of 6.9% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR while Rest of European market (as defined in the study) will reach US$105.9 Million by the end of the analysis period.
The market stands to benefit from a combination of favorable macroeconomic factors such as aging population, growing healthcare needs, increasing healthcare access and spending in both developed and developing countries; growth in physician clinics and practice; changing roles of frontline healthcare workers coupled with the expanding base of healthcare workers comprising critical care nurses, emergency medical technicians, general practitioners, medical students, pediatric specialists, registered nurses. Continued enhancements in stethoscope design and acoustic performance will also help spur gains in growth.
Improving stethoscope acoustics remains the guiding goal and objective of all product R&D efforts and recent advancements worthy of note include amplified sound output; improved frequency range; and external noise cancellation technology. Digital stethoscopes especially are gaining in popularity in the field of cardiology and pulmonary. A key benefit of these stethoscopes is their ability to detect and record cardiac murmurs as low as 8 Khz. Focus on computer aided diagnosis is driving demand for digital stethoscopes with external flash memory chips for visualization of real-time recorded audio waveforms.
Esophageal Stethoscopes Segment to Reach $15 Million by 2026
In the global Esophageal Stethoscopes segment, USA, Canada, Japan, China and Europe will drive the 3. 8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8. 6 Million in the year 2020 will reach a projected size of US$11. 2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1. 9 Million by the year 2026, while Latin America will expand at a 4. 3% CAGR through the analysis period.
Select Competitors (Total 76 Featured) -
- 3M Company
- American Diagnostic Corporation
- Cardionics, Inc.
- GF Health Products, Inc.
- Medline Industries Inc.
- NISCO (INDIA)
- Rudolf Riester GmbH & Co. KG
- Suzuken Co., Ltd.
- Welch Allyn, Inc.
- Yuwell-Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Auscultation: The Age-Old Art Continues to Remain Popular
- Stethoscopes to Retain Relevance in the Age of Emerging Alternatives
- Developing Markets to Uncover True Potential
- China: Fastest Growing Market Worldwide
- The Rise of Electronic/Digital Stethoscopes
- Electronic Stethoscopes Continue to Grow Despite Limitations
- Competitive Scenario
- 3M: An Ace in the Global Stethoscopes Arena
- Leading Players in the Stethoscope Market
- Littmann Stethoscopes Designed for Medical Students
- A Review of Select Stethoscopes
- Select Stethoscope for Nurses
- Distribution Dynamics of Stethoscopes
- Product Overview
- Stethoscopes: Hearing Hearts Speak
- Invention of Stethoscopes
- Classification by Technology
- Manual & Mechanical Stethoscopes
- Electronic Stethoscopes
- Esophageal Stethoscopes
- Fetal Stethoscopes
- Fetal Heart Rate Detectors
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Prevalence of Chronic Disorders Fuels Market Growth
- Global Emphasis on Reducing Infant Mortality Augurs Well for Fetal Heart Rate Detectors
- Ballooning Global Population Offers Significant Growth Opportunities
- Aging Population: A Strong Growth Driver
- Demographics Statistics of Aging Populace: Unfurling the Market Potential
- Improving Healthcare Expenditure to Foster Growth
- Healthcare Spending Stats
- Surging Demand for Physicians Augur Well for the Stethoscopes Market
- Technological Advancements: Spearheading Growth
- Technological Developments Help Create Single-Head Acoustic Stethoscopes
- Electronic, Wireless Stethoscope to Bring Child Care to Homes
- ViScope, an Innovative Visual Stethoscope Featuring ECG Benefits
- Taal, An India-made Low-cost Stethoscope Making Waves
- Heartbuds Electronic Stethoscope Enables Remote Diagnoses
- Eko Core, a Smart Stethoscope Attachment for Accurate and Virtual Diagnoses
- Mobile Stethoscope: Putting iPhones and iPads to Medical Use
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/71a0th
