Global Stethoscope Market Is Likely To Hit USD 500 Million By 2025

18-Feb-2020 | Zion Market Research

Zion Market Research has published a new report titled “Global Stethoscope Market –By Tube Type (Double Tube and Single Tube), By Design (Triple Head, Double Head, and Single Head), By Usability (Disposable and Reusable), By Material (Silicone, Stainless Steel, Wooden, Aluminum, Acrylic Resin, Molded Resin, Chrome-plated Zinc, Zinc, Chrome-plated Brass, and Others), By End-Use (Academic Institutes, Physician Offices, Hospitals, Urgent Care Centers, Ambulatory Surgical Centers, and Others), And By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” According to the report, the global demand for the stethoscope market was valued over USD 350 million in 2019 and is expected to reach around USD 500 million in 2025, growing at a rate of nearly 5% between 2019 and 2025.

Browse the full “Global Stethoscope Market – By Tube Type (Double Tube and Single Tube), By Design (Triple Head, Double Head, and Single Head), By Usability (Disposable and Reusable), By Material (Silicone, Stainless Steel, Wooden, Aluminum, Acrylic Resin, Molded Resin, Chrome-plated Zinc, Zinc, Chrome-plated Brass, and Others), By End-Use (Academic Institutes, Physician Offices, Hospitals, Urgent Care Centers, Ambulatory Surgical Centers, and Others), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025.” Report at https://www.zionmarketresearch.com/report/stethoscope-market

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Global Stethoscope Market

The global stethoscope market is likely to escalate owing to the growing demand for advanced diagnostic equipment and rising incidents of chronic disorders. The introduction of novel and advanced electronics devices by the various pharmaceutical companies leads to their rising adoption, thereby flourishing market growth. Rising pulmonary and cardiovascular disease cases are projected to fuel the stethoscope industry in the coming years. Expansion in the global healthcare sector will also fuel the stethoscope market.

The adoption rate of the stethoscope among physicians is anticipated to grow at a CAGR of over 5%. According to an article published by a US-based renowned healthcare company, during the past few decades, the count of physicians grew by almost 150% and healthcare administrators by over 3,000%. This rapid growth in the number has led to the increased adoption of stethoscope-like basic diagnostic devices, eventually flourishing the global stethoscope market.

Material segment’s “stainless steel” category leads in the global stethoscope market

Material-wise, the global stethoscope market is bifurcated into aluminum, acrylic resin, chrome-plated zinc, wooden, silicone, zinc, chrome-based brass, molded-resin, and others. Among all, the stainless steel material captures the significant revenue share of the global market owing to its high durability, good sound conductivity property, and relatively best sound quality & amplification.

North America generates maximum revenue in the global stethoscope market

In 2019, the valuation of the North America stethoscope market exceeded USD 100 million. The key factors pushing the regional market are the presence of leading contenders within the premises and the increasing incidences of pulmonary and cardiovascular diseases.

Some of the key players driving the global stethoscope market are Cardionics, HEINE Optotechnik, MDF Instruments, Rudolf Riester, Ultrascope, 3M, GF Health Products, McCoy, Sklar Instruments, Welch Allyn, Invacare Supply Group, Smiths Medical, Eko Devices, Medline Industries, American Diagnostic Company, and Omron.

The global stethoscope market is segmented as:

Global Stethoscope Market: Tube Type Segmentation Analysis

  • Double Tube
  • Single Tube

Global Stethoscope Market: Design Segmentation Analysis

  • Triple Head
  • Double Head
  • Single Head

Global Stethoscope Market: Usability Segmentation Analysis

  • Disposable
  • Reusable

Global Stethoscope Market: Material Segmentation Analysis

  • Silicone
  • Stainless Steel
  • Wooden
  • Aluminum
  • Acrylic Resin
  • Molded Resin
  • Chrome-plated Zinc
  • Zinc
  • Chrome-plated Brass
  • Others

Global Stethoscope Market: Send-Use Segmentation Analysis

  • Academic Institutes
  • Physician Offices
  • Hospitals
  • Urgent Care Centers
  • Ambulatory Surgical Centers
  • Others

Global Stethoscope Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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