Stethoscope Market Research Report - Forecast till 2028

Stethoscope Market Research Report: by Type (Manual Stethoscope (Fetal Stethoscope), Electronic Stethoscope (Esophageal Stethoscopes, Fetal Heart Rate Detectors), and End User (Hospitals, Clinics, Ambulatory Surgical Centers) - Forecast till 2028

ID: MRFR/HC/6332-HCR | August 2022 | Region: Global | 160 Pages         

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Overview

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Analysis

Chapter 6. Global Stethoscope Market, by Type

6.1 Overview

6.2 Manual Stethoscope

Market Estimates & Forecast, by Region, 2020–2028

Market Estimates & Forecast, by Country, 2020–2028

6.2.1 Fetal Stethoscope

6.2.2 Others

6.3 Electronic Stethoscope

Market Estimates & Forecast, by Region, 2020–2028

Market Estimates & Forecast, by Country, 2020–2028

6.3.1 Esophageal Stethoscope

6.3.2 Fetal Heart Rate Detector

6.3.3 Others

Chapter 7. Global Veterinary Equipment and Disposables, by End User

7.1 Overview

7.2 Hospitals

Market Estimates & Forecast, by Region, 2020–2028

Market Estimates & Forecast, by Country, 2020–2028

7.3 Clinics

Market Estimates & Forecast, by Region, 2020–2028

Market Estimates & Forecast, by Country, 2020–2028

7.4 Ambulatory Surgical Centers

Market Estimates & Forecast, by Region, 2020–2028

Market Estimates & Forecast, by Country, 2020–2028

7.5 Others

Market Estimates & Forecast, by Region, 2020–2028

Market Estimates & Forecast, by Country, 2020–2028

Chapter 8. Global Stethoscope Market, by Region

8.1 Introduction

8.2 Americas

8.2.1 North America

8.2.1.1 US

8.2.1.2 Canada

8.2.2 Latin America

8.3 Europe

8.3.1 Western Europe

8.3.1.1 Germany

8.3.1.2 France

8.3.1.3 Italy

8.3.1.4 Spain

8.3.1.5 UK

8.3.1.6 Rest of Western Europe

8.3.2 Eastern Europe

8.4 Asia-Pacific

8.4.1 Japan

8.4.2 China

8.4.3 India

8.4.4 Australia

8.4.5 South Korea

8.4.6 Rest of Asia-Pacific

8.5 Middle East & Africa

8.5.1 Middle East

8.5.2 Africa

Chapter 9. Company Landscape

9.1 Overview

9.2 Market Share Analysis

Chapter 10. Company Profiles

10.1 3M

10.1.1 Company Overview

10.1.2 Product Overview

10.1.3 Financials Overview

10.1.4 Key Developments

10.1.5 SWOT Analysis

10.2 A&D Medical

10.2.1 Company Overview

10.2.2 Product Overview

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 SWOT Analysis

10.3 American Diagnostic Corporation

10.3.1 Company Overview

10.3.2 Product Overview

10.3.3 Financial Overview

10.3.4 Key Development

10.3.5 SWOT Analysis

10.4 Cardionics

10.4.1 Company Overview

10.4.2 Product Overview

10.4.3 Financial Overview

10.4.4 Key Development

10.4.5 SWOT Analysis

10.5 GF Health Products

10.5.1 Company Overview

10.5.2 Product Overview

10.5.3 Financial overview

10.5.4 Key Developments

10.5.5 SWOT Analysis

10.6 Heine Optotechnik

10.6.1 Company Overview

10.6.2 Product Overview

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 SWOT Analysis

10.7 McCoy Medical

10.7.1 Overview

10.7.2 Product Overview

10.7.3 Financial Overview

10.7.4 Key Developments

10.7.5 SWOT Analysis

10.8 Medline Industries

10.8.1 Overview

10.8.2 Product Overview

10.8.3 Financials

10.8.4 Key Developments

10.8.5 SWOT Analysis

10.9 Omron Corporation

10.9.1 Overview

10.9.2 Product Overview

10.9.3 Financials

10.9.4 Key Developments

10.9.5 SWOT Analysis

10.10 Rudolf Riester

10.10.1 Overview

10.10.2 Product Overview

10.10.3 Financials

10.10.4 Key Developments

10.10.5 SWOT Analysis

10.11 Smiths Medical

10.11.1 Overview

10.11.2 Product Overview

10.11.3 Financials

10.11.4 Key Developments

10.11.5 SWOT Analysis

10.12 Welch Allyn

10.12.1 Overview

10.12.2 Product Overview

10.12.3 Financials

10.12.4 Key Developments

10.12.5 SWOT Analysis

10.13 Others

Chapter 11 MRFR Conclusion

11.1 Key Findings

11.1.1 From CEO’s Viewpoint

11.1.2 Unmet Needs of the Market

11.3 Predictions for the stethoscope market

Chapter 12. Appendix

NOTE:

This table of content is tentative and subject to change as the research progresses.

-In section 10, the top 10 companies will be profiled. Each company will be profiled based on Market Overview, Financials, Product Portfolio, Business Strategies, & Recent Development parameters.

-Please note: Financial details of the company cannot be provided if the information of the company is not available in the public domain and or reliable source.

.

LIST OF TABLES

Table 1 Global Stethoscope Market Synopsis, 2020–2028

Table 2 Global Stethoscope Market Estimates and Forecast, 2020–2028 (USD Million)

Table 3 Global Stethoscope Market, by Type, 2020–2028 (USD Million)

Table 4 Global Stethoscope Market, by End User, 2020–2028 (USD Million)

Table 5 Global Stethoscope Market, by Region, 2020–2028 (USD Million)

Table 7 North America: Stethoscope Market, by Type, 2020–2028 (USD Million)

Table 8 North America: Stethoscope Market, by End User, 2020–2028 (USD Million)

Table 9 North America: Stethoscope Market, by Region, 2020–2028 (USD Million)

Table 10 US: Stethoscope Market, by Type, 2020–2028 (USD Million)

Table 11 US: Stethoscope Market, by End User, 2020–2028 (USD Million)

Table 12 Canada: Stethoscope Market, by Type, 2020–2028 (USD Million)

Table 13 Canada: Stethoscope Market, by End User, 2020–2028 (USD Million)

Table 14 South America: Stethoscope Market, by Type, 2020–2028 (USD Million)

Table 15 South America: Stethoscope Market, by End User, 2020–2028 (USD Million)

Table 16 Europe: Stethoscope Market, by Type, 2020–2028 (USD Million)

Table 17 Europe: Stethoscope Market, by End User, 2020–2028 (USD Million)

Table 18 Europe: Stethoscope Market, by Region, 2020–2028 (USD Million)

Table 19 Western Europe: Stethoscope Market, by Type, 2020–2028 (USD Million)

Table 20 Western Europe: Stethoscope Market, by End User, 2020–2028 (USD Million)

Table 21 Western Europe: Stethoscope Market, by Region, 2020–2028 (USD Million)

Table 22 Eastern Europe: Stethoscope Market, by Type, 2020–2028 (USD Million)

Table 23 Eastern Europe: Stethoscope Market, by End User, 2020–2028 (USD Million)

Table 24 Asia-Pacific: Stethoscope Market, by Type, 2020–2028 (USD Million)

Table 25 Asia-Pacific: Stethoscope Market, by End User, 2020–2028 (USD Million)

Table 26 Asia-Pacific: Stethoscope Market, by Region, 2020–2028 (USD Million)

Table 27 Middle East & Africa: Stethoscope Market, by Type, 2020–2028 (USD Million)

Table 28 Middle East & Africa: Stethoscope Market, by End User, 2020–2028 (USD Million)

Table 29 Middle East & Africa: Stethoscope Market, by Region, 2020–2028 (USD Million)

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Global Stethoscope Market

Figure 3 Segmentation Market Dynamics for Global Stethoscope Market

Figure 4 Global Stethoscope Market Share, by Type, 2020 (%)

Figure 5 Global Stethoscope Market Share, by Animal Type, 2020 (%)

Figure 6 Global Stethoscope Market Share, by End User, 2020 (%)

Figure 7 Global Stethoscope Market Share, by Region, 2020 (%)

Figure 8 North America: Stethoscope Market Share, by Country, 2020 (%)

Figure 9 Europe: Stethoscope Market Share, by Region, 2020 (%)

Figure 10 Western Europe: Stethoscope Market Share, by Region, 2020 (%)

Figure 11 Asia-Pacific: Stethoscope Market Share, by Country, 2020 (%)

Figure 12 Middle East & Africa: Stethoscope Market Share, by Country, 2020 (%)

Figure 13 Global Stethoscope Market: Company Share Analysis, 2020 (%)

Figure 14 3M: Key Financials

Figure 15 3M: Segmental Revenue

Figure 16 3M: Geographical Revenue

Figure 17 A&D Medical: Key Financials

Figure 18 A&D Medical: Segmental Revenue

Figure 19 A&D Medical: Geographical Revenue

Figure 20 American Diagnostic Corporation: Key Financials

Figure 21 American Diagnostic Corporation: Segmental Revenue

Figure 22 American Diagnostic Corporation: Geographical Revenue

Figure 23 Cardionics: Key Financials

Figure 24 Cardionics: Segmental Revenue

Figure 25 Cardionics: Geographical Revenue

Figure 26 GF Health Products: Key Financials

Figure 27 GF Health Products: Segmental Revenue

Figure 28 GF Health Products: Geographical Revenue

Figure 29 Heine Optotechnik: Key Financials

Figure 30 Heine Optotechnik: Segmental Revenue

Figure 31Heine Optotechnik: Geographical Revenue

Figure 32 McCoy Medical: Key Financials

Figure 33 McCoy Medical: Segmental Revenue

Figure 34 McCoy Medical: Geographical Revenue

Figure 35 Medline Industries: Key Financials

Figure 36 Medline Industries: Segmental Revenue

Figure 37 Medline Industries: Geographical Revenue

Figure 38 Omron Corporation: Key Financials

Figure 39 Omron Corporation: Segmental Revenue

Figure 40 Omron Corporation: Geographical Revenue

Figure 41 Rudolf Riester: Key Financials

Figure 42 Rudolf Riester: Segmental Revenue

Figure 43 Rudolf Riester: Geographical Revenue

Figure 44 Smiths Medical: Key Financials

Figure 45 Smiths Medical: Segmental Revenue

Figure 46 Smiths Medical: Geographical Revenue

Figure 47 Welch Allyn: Key Financials

Figure 48 Welch Allyn: Segmental Revenue

Figure 49 Welch Allyn: Geographical Revenue

Stethoscope Market

Stethoscope market is predicted to grow at a compound annual growth rate of USD 520.0 million, at a CAGR of 5.2% during the forecast Period

Segmentation

By Type Manual Stethoscope Electronic Stethoscope
End User Hospitals Clinics Ambulatory Surgical Centers

Key Players

  • 3M
  • A&D Medical
  • American Diagnostic Corporation
  • Cardionics
  • GF Health Products
  • Heine Optotechnik
  • McCoy Medical
  • Medline Industries
  • Omron Corporation
  • Rudolf Riester

Drivers

  • increasing number of patients experiencing various cardiac
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Stethoscope Market overview         


The stethoscope market is projected to reach USD 520 million by 2028 at CAGR of 5.2% during the forecast timeframe of 2021 to 2028. Rising incidence rates of life-threatening illnesses, rising expenditure on medical, and continued r&d are all factors driving the global stethoscope market. Furthermore, increasing technical improvements, including such Bluetooth connection with wireless transmission hearing aids, are likely to boost the expansion of the market over the period under consideration.


Additional factors contributing to the market's expansion include increased technological advances in the healthcare industry. A modern technological stethoscope, for example, was established in October 2018 by scientists from the Rochester Institute of Technology and the University of Rochester Medical Center that incorporates electrocardiogram technology, precision sensors, and machine learning software into a single gadget to more effectively identify heart illnesses and issues that may arise with a transplanted heart pump. In a related manner, neuroscientists at Stanford University created a brain stethoscope in March 2018 that can transform the brain's energy into sounds, allowing for the detection of silent convulsions. But on the other side, in certain countries, a weak healthcare system and limited healthcare access are limiting the expansion of the stethoscope market's potential.


This report contains all the information on the global stethoscope market analysis and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other essential factors. And a detailed analysis of the global stethoscope market forecast for 2028 is also included in the report.


 Covid 19 Analysis


Electronic stethoscopes enable more precise examination and treatment of the heart, intestines, and lungs, among other organs, by digitally enhancing the body signals. It is responsible for converting acoustic, electromagnetic waves into sound impulses, which are received via the use of a chest piece. In the middle of the COVID-19 epidemic, digital stethoscopes have seen a significant surge in demand and innovation.


Market Dynamic


Drivers


The increasing number of patients experiencing various cardiac and pulmonary ailments will play an essential role in the potential development of the stethoscope business. The sort of sound produced by the heart is thought to be responsible for a great deal of cardiovascular illnesses. Heart auscultation has long been recognized as a critical tool in the detection of cardiac dysfunction in its early stages. 


The conventional auscultation approach requires extensive clinical knowledge as well as excellent listening abilities. A revolution in medical technology has occurred with the introduction of technologically enhanced devices that allow for fast and accurate assessment. As a result, the mentioned factors will contribute to the expansion of the stethoscope market growth.


Opportunities


Stethoscopes are most commonly utilized among the elderly population, which is more susceptible to developing chronic diseases than the general population. These tools are used in the detection of a variety of chronic illnesses, including diabetes. Geriatric populations are growing in number all around the globe, offering a profitable marketing opportunities for the stethoscope industry.


Restraints


The high cost of particular variations, as well as a scarcity of qualified healthcare practitioners, will, nevertheless, be important market impediment issues in the future. The most scientifically sophisticated varieties are pricey, and only a tiny majority of healthcare practitioners can afford to use these products. 


Challenges


Additionally, a scarcity of qualified healthcare practitioners and a failure to understand of high-end items may impede the expansion of the business.


Cumulative Growth Analysis


The classic acoustic stethoscope category was the market leader in 2020, accounting for more than 74 percent of the total market in terms of revenue. Depending on the kind of innovation, the stethoscope industry is divided into three categories: electronic/digital stethoscopes, intelligent stethoscopes, and classic acoustic stethoscopes. It is projected that the intelligent stethoscopes category would develop at the fastest rate over this time of forecasting. Electronic stethoscopes are expected to witness the fastest growth pace during the forecast time frame, owing to their improved digital sound transmission functionality, video, and auditory production functionality, and also recording functionality, and the rising use of wireless electronic stethoscopes in telemedicine applications.


Value Chain Analysis


According to the reports, the stethoscope market is bifurcated based on the kind of stethoscope, the end-user, and regions. Manual stethoscopes and electronic stethoscopes are the two types of stethoscopes that are available on the market. The manual stethoscope market value will be further categorized into fetal stethoscopes and various types of fetal stethoscopes. According to the manufacturer, the market for electronic stethoscopes has indeed been split into fetal heart rate detectors, esophageal stethoscopes, and various sub-categories.


The stethoscope market has been classified based on the end-user, with hospitals, pharmacies, ambulatory surgery centers, and other most common facilities. Because of the growing prevalence of illnesses and the growth in inpatient encounters, hospitals are likely to account for a significant portion of the end-user sector in the coming years. Clinics are anticipated to witness the fastest expanding category in the healthcare industry, given to the simplicity with which patients may access them.


Segmentation Overview


The Stethoscope Market is segmented on the basis of t the kind of stethoscope, the end-user, and regions. The global stethoscope market trend is expected to witness decent growth during the forecast period.


By Application


Based on the Application, the market is segmented into fetal heart rate detectors, esophageal stethoscopes, and various sub-categories.


By end-users


Based on the propulsion types, the market is segmented into with hospitals, pharmacies, ambulatory surgery centers, and other facilities being the most common.


Regional Analysis


According to the reports, the industry has been split into the Americas, Europe, Asia-Pacific, and the Middle East and African countries according to geography. In terms of geography, the Americas are likely to lead the worldwide stethoscope industry as per capita healthcare spending rises in the region. The surge in technology development and the widespread acceptance of new technologies are expected to fuel the market's expansion in the coming years. The European stethoscope market share had significant expansion over the period under review. The existence of a well public health system in this area contributes to the market development in this sector. The increase in the number of patients is also helping to the expansion of the region's economy.


Because of an increment in the amount of health social safety net programs, the Asia-Pacific region is anticipated to witness the fastest expanding area in the market. Throughout the evaluation period, governmental and private organizations in Asian nations are expected to raise understanding of the market, which would, in turn, promote its expansion. In contrast, the Middle East and Africa have the smallest market share because of the low spending power in these regions.


Competitive landscape


Stethoscopes are available from numerous large manufacturers, which makes the market for them intense and diversified. In market shares, just a handful of the leading businesses are now in a position of dominance in the industry.


Major Key Players



  • 3M

  • A&D Medical

  • American Diagnostic Corporation

  • Cardionics

  • GF Health Products

  • Heine Optotechnik

  • McCoy Medical

  • Medline Industries

  • Omron Corporation

  • Rudolf Riester

  • Smith’s Medical

  • Welch Allyn


Report Overview


The following report comprises of –



  • Market overview 

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints 

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segmentation Overview 

  • By Application 

  • By End-Users

  • Regional Analysis

  • Competitive landscape


Recent Developments



  • Companies with significant market presence collaborate on deliberate initiatives to strengthen their presence in the marketplace. For example, in September 2015, the German company eKuore introduced the world's 1st wireless stethoscope in Düsseldorf.


Stethoscope Market, by Type



  • Manual Stethoscope


    • Fetal Stethoscopes

    • Others


  • Electronic StethoscopeEsophageal Stethoscopes


    • Fetal Heart Rate Detectors

    • Others



Stethoscope Market, by End User



  • Hospitals

  • Clinics

  • Ambulatory Surgical Centers

  • Others


Stethoscope Market, by Region



  • Americas


    • North America


      • US

      • Canada


    • Latin America


  • Europe


    • Western Europe


      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe


    • Eastern Europe


  • Asia-Pacific


    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific


  • Middle East & Africa


    • Middle East

    • Africa





Report Scope:
Report Attribute/Metric Details
  Market Size   2028: USD 520 Million
  CAGR   5.2% (2021-2028)
  Base Year   2019
  Forecast Period   2021-2028
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, and End user
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   3M, A&D Medical, American Diagnostic Corporation, Cardionics, GF Health Products, Heine Optotechnik, McCoy Medical, Medline Industries, Omron Corporation, Rudolf Riester, Smith’s Medical, and Welch Allyn
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Rise in product innovation
  • The heavy adoption of new technology
  • Increasing incidence rate of life-threatening diseases
  • Increased spending on healthcare
  • Ongoing research and development


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    Frequently Asked Questions (FAQ) :

    The stethoscope market is projected to grow at a 5.2% CAGR between 2021-2028.

    The Americas is expected to dominate the stethoscope market.

    The stethoscope market is predicted to touch USD 520.0 million by 2028.

    Notable players profiled in the stethoscope market include Welch Allyn, Smith’s Medical, Medline Industries, Heine Optotechnik, GF Health Products, Omron Corporation, Cardionics, American Diagnostic Corporation, Rudolf Riester, A&D Medical, 3M, and McCoy Medical.

    Strategies used by key players to maintain dominance in the stethoscope market include product innovations, mergers and acquisitions, joint ventures, and extensive R&D.