Stethoscope Market Size, Share & Trends Analysis Report By Technology (Electronic/Digital, Smart, Traditional Acoustic), By Sales Channel (Distributors, E-commerce, Direct Purchase), By End-use, And Segment Forecasts, 2022 - 2030
Stethoscope Market Growth & Trends
The global stethoscope market size is anticipated to reach USD 949.88 million by 2030. Furthermore, the report forecasts the industry to expand at a CAGR of 5.9% from 2022 to 2030. The increasing incidences of cardiovascular & pulmonary diseases, along with the growing application of digital stethoscopes in the diagnosis of such chronic conditions, are expected to boost the adoption of these devices significantly during the forecast period.
In addition, the outbreak of the COVID-19 pandemic in the year 2020 significantly boosted the use of stethoscopes globally.Since COVID-19 is extremely infectious and a respiratory ailment, initial diagnosis by listening to the lungs and heart is of the utmost importance in any clinical setting.
Thus, the market is expected to witness substantial and continuous growth even after the end of the pandemic.
The launch of several government initiatives, the introduction of new products, and the incorporation of new technologies by market players are expected to propel the market during the projection period.For instance, 3M has launched the ‘Single-Patient Stethoscope’ to overcome the issues faced while using disposable stethoscopes, such as inadequate audibility & discomfort for healthcare professionals.
Also, the launch of digital/smart stethoscope that uses Artificial Intelligence (AI) to record and send recordings to physicians virtually allows them to maintain social distancing and reduce exposure to COVID-19.
Stethoscope Market Report Highlights • Based on technology, the traditional acoustic stethoscope segment dominated the overall market with a share of 74.42% in 2021, since it is comparatively inexpensive, simple to use, and widely available for use for paramedics & nurses • Based on the sales channel, the distributors’ segment dominated the market with a share of 54.47% in 2021. This is because hospitals & clinics usually have long-term contracts and tie-ups with distributors & manufacturers, which helps save on consignment and other delivery costs • Hospitals dominated the end-use segment with the largest share of 40.58% in 2021, and the segment is further expected to advance at the highest CAGR during the forecast period • North America dominated the regional market with the highest revenue share of 33.05% in 2021, owing to the presence of well-established healthcare facilities and the increasing prevalence of heart- and lung-associated diseases
Our reports have been used by over 10K customers, including:
120 pages •
By Infiniti Research Limited
• Sep 2022
Global Ultrasound Transducer Market 2022-2026 The analyst has been monitoring the ultrasound transducer market and it is poised to grow by $ 677.12 mn during 2022-2026, accelerating at a CAGR of 3.7% during the forecast period. Our report on the ultrasound transducer market provides a holistic analysis, market size and...
The A2P SMS and CPaaS market is projected to grow from US$ 71.07 billion in 2022 to US$ 101.77 billion by 2028. It is estimated to grow at a CAGR of 6.2% from 2022 to 2028. Businesses are widely adopting communications platform as a service (CPaaS) solutions to improve and streamline their customer experience.CPaaS simplifies communication...
The GCC generic injectables market size reached US$ 525.8 Million in 2021. Looking forward, the analyst expects the market to reach US$ 1,199.7 Million by 2027, exhibiting a growth rate (CAGR) of 15.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect...
The global mobile gamma cameras market reached a value of US$ 51.11 Million in 2021. Looking forward, the analyst expects the market to reach a value of US$ 66.37 Million by 2027, exhibiting a CAGR of 4.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the...
120 pages •
By Infiniti Research Limited
• Jul 2022
Global Mucus Clearance Devices Market 2022-2026 The analyst has been monitoring the mucus clearance devices market and it is poised to grow by $ 193.28 mn during 2022-2026, accelerating at a CAGR of 6.22% during the forecast period. Our report on the mucus clearance devices market provides a holistic analysis, market size...
The global 3D motion capture market size reached US$ 171.37 Million in 2021. Looking forward, the analyst expects the market to reach US$ 334.83 Million by 2027, exhibiting a growth rate (CAGR) of 11.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect...
The Healthcare Facilities Management Market size is valued at approximately USD 315.07 billion in 2021 and is expected to reach USD 681 billion in 2027, with a CAGR of nearly 13.93% over the forecast period. The COVID-19 pandemic is expected to extensively widen the growth of the healthcare facilities market globally. With the rise...
The global practice management systems market reached a value of US$ 14.5 Billion in 2021. Looking forward, the analyst expects the market to reach a value of US$ 23.97 Billion by 2027, exhibiting a CAGR of 8.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well...
KEY FINDINGS The global medical enzymes market is predicted to develop with a CAGR of 6.56% over the forecast years of 2022 to 2030. The market’s growth is determined by key factors such as widening applications in the medical industry, the growing incidence of chronic diseases and the rising aging population, and increased...
Research And Development
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.