Stethoscope Market

Stethoscope Market - UpComing Developments, Clinical
Aspects, Growth Challenges, Future Opportunities 2026,
3M Company, Cardionics, Inc., American Diagnostics
Corp.
Stethoscope is an acoustic medical device used for auscultation based physical examination of
an animal or humans. The resonator placed beneath the small disc at one end amplifies sound
of lungs, heart, esophagus or fetal heart rate. Stethoscope is a fundamental component of
physical examination for a healthcare profession. Major drivers for growth of the stethoscope
market are increasing incidence of cardiovascular disease, rising number of healthcare
professionals, and improving healthcare facilities. Moreover, market players are introducing
more user friendly technologically advanced products with Bluetooth connectivity or wireless
digital stethoscope, which is expected to boost growth of the stethoscope market.
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Stethoscope Market Drivers:
Increasing product launches by key players with advanced technologies is expected to aid in
growth of the global stethoscope market during the forecast period. For instance, in March
2018, a research team developed an open-source, clinically validated template for a 3D printed
stethoscope for application in the areas that have limited access to medical supplies. Moreover,
in April 2018, Steth IO launched digital stethoscope named Steth IO. The product is built
directly into the protective case of the physician’s iphone. It runs on an app that allows
visualization of heart or lung sounds directly on the phone’s screen, when held against patient’s
chest. Furthermore, it enables physician to store the records in the app, which can be shared in
case of a second opinion. Steth IO received FDA approval in 2016. In 2015, Eko received US
FDA clearance to launch Eko Core, a next generation digital stethoscope.
In January 2018, M3DICINE Inc., a designer of intelligent medical devices, launched Stethee,
the first Artificially Intelligent (AI)-enabled stethoscope system. The Stethee system include three
products, which are Stethee Pro for medical and healthcare professionals, Stethee Vet for
veterinarians and animal professionals, and Stethee Edu developed as educational and research
tool. All these product launches are technologically advanced versions of conventional
stethoscope and is expected to increase choices for the users.
High incidence of heart diseases is expected to be another factor for growth of the market.
Stethoscope is an important component that aids clinicians in diagnosis of cardiovascular
disease, which affects 1 in 4 people in US, according to Center for Disease Control and
Prevention (CDC). According to American Heart Association, 2018, cardiovascular disease is the
leading cause of death, globally. Furthermore, according to same source, it is estimated that
everyday 2,300 people in the U.S. die of cardiovascular disease, which means on an average 1
death per 38 seconds. Moreover, increasing geriatric population, who are more prone to
diseases rising the demand for frequent diagnosis under several medical conditions expected to
propel the growth of stethoscope market. For instance, the global geriatric population is
estimated to be 962 million, which comprises 13% of the total global population, in 2017 as
per United Nation Organization. According to their forecast, this geriatric population worldwide
is expected to be reach 1.4 billion in 2030 and 2.1 billion by 2050.
Stethoscope Market - Regional Analysis:
Based on geography, the stethoscope market has been segmented into North America,
Latin America, Europe, Middle East, Asia Pacific, and Africa. North America holds the
dominant position in stethoscope market, owing to the increasing number of new
product launches by the key players in U.S. North America market is followed by
Europe attributed to the increasing number of hospitals and clinics and medical
professionals. For instance, according to Eurostat, around 1.8 million physicians are
working in the European Union, while the comparison between 2005 and 2015 showed
that the number of medical doctors graduating per 100,000 inhabitants rose to 12.4
medical doctors in 2015 as compared to 2005 (9.5 medical doctors per 100,00
inhabitants).
Report includes chapters which deeply display the following deliverable about industry :
• Stethoscope Market Research Objective and Assumption
• Stethoscope Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Stethoscope Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals,
Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Stethoscope Market, By Regions
• Stethoscope Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Stethoscope Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.
• Stethoscope Market Manufacturing Cost Analysis including Key Raw Materials and Key
Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Stethoscope Market Forecast including Production, Consumption, Import and Export Forecast
by Type, Applications and Region.
• Research Findings and Conclusion
Stethoscope Market – Competitive Lanscape:
•
3M Company
•
Cardionics, Inc.
•
Heine Optotechnik GmbH & Co.
•
KG
•
American Diagnostics Corp
•
Medline Industries, Inc.
•
Welch Allyn, Inc.
•
GF Health Products, Inc.
•
Rudolf Riester GmbH
Stethoscope Market Taxonomy:
By Product Type
• Dual Head Stethoscope
• Single Head Stethoscope
• Triple Head Stethoscope
By Application
• Humans
• Veterinary
By End Users
• Hospitals
• Clinics
• Academic & Institutes
• Homecare settings
• Others
By Region
• North America
• Europe
• Latin America
• Middle East
• Asia Pacific
• Africa
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Stethoscope is an acoustic medical device used for auscultation based physical examination of an animal or humans.

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