With a stethoscope market value of $582.5 million in 2022 and progress expected at 5.8% annually to 2030, the global stethoscope industry is forecasted for sales volume growth reaching 914.1 Mn. by then. Sales of Electronic Stethoscopes is high due to improved healthcare infrastructure and low electronic stethoscope pricing.
NEWARK, Del., June 8, 2022 /PRNewswire/ — The stethoscope being an integral part of the modern medical diagnosis sector, has been gaining significant traction. According to a recent study by Future Market Insights, the stethoscope market is forecast to expand at above 5.8% CAGR between 2020 and 2030.
Stethoscopes are one of the most important tools used by medical professionals to assess a patient’s condition. In recent years, there has been a significant increase in the number of stethoscope manufacturers. This has led to a corresponding increase in the Stethoscope Market size.
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The Stethoscope Market is expected to continue to grow in the coming years. This growth is being driven by factors such as the increasing prevalence of chronic diseases, the aging population, and the need for better diagnosis and treatment of patients. With the increasing Stethoscope Market size, there is also an increasing demand for Stethoscope accessories.
Some of the most popular Stethoscope accessories include Stethoscope covers, Stethoscope holders, and Stethoscope cases. These accessories help to protect Stethoscopes from dirt and damage, and they also help to keep them organized and easy to use. With the increasing demand for Stethoscopes and Stethoscope accessories, it is expected that the Stethoscope Market will continue to grow in the coming years.
Some of the key takeaways from the report are as given below-
- The global stethoscope market is set to grow by 5.2% CAGR during the forecast period (2020-2030).
- Cardiovascular (CVS) disease being the main area of focus for the application of stethoscope in the medical sector, is to remain in the top factors for the increase in market demand
- By product acoustic stethoscope will keep leading the global market throughout the forecast period (2020-2030)
- Physician office, home care settings, hospitals and others to remain the top end-users catering to the market growth throughout the forecast period. Of these, demand from hospitals is set to be higher
- Region-wise North America and Latin America to lead the global market. Europe, South & East Asia, Oceania and MEA to sustain as other region-wise key players.
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Leading Companies Profiled in Stethoscope Market are
- 3M Company
- American Diagnostic Corporation
- Eko Devices Inc.
- Welch Allyn, Inc.
- Think Labs Medical LLC
- Meditech Equipment Co., Ltd.
- Contec Medical Systems
- Cardionics, Inc. (3B Scientific GmbH)
- A&D Medical
- GF Health Products, Inc.
- Rudolf Riester GmbH
- Rijuven Corporation
- eKuore
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