According to United Nations, Department of Economic and Social Affairs, Population Division, the number of persons aged 65 years or above in 2019 was about 702.9 million and this number is expected to increase to 1548.9 million by 2050.
Stethoscopes offer several advantages such as listening to sounds produced by the lungs, heart, intestinal tract, blood flow in peripheral vessels and the heart sounds of developing foetuses in pregnant women, among others. Hence, the above advantages associated with stethoscope contribute to their regular demand, thereby supporting market growth. Besides, technological advancements such as the advent of digital/ electronic stethoscope, stethoscope with Bluetooth connectivity, among others are expected to create lucrative opportunities for the market growth in the coming years.
Increasing prevalence of Cardiovascular and Pulmonary Diseases
According to the Centers for Disease Control and Prevention (CDC), heart diseases are leading cause of death in the United States. One person dies every 34 seconds in the United States from cardiovascular disease. In 2020, about 697,000 people died of heart disease in United States which is equivalent to 1 in 5 deaths.
Increasing Number of Healthcare Professionals
In 2022, total number of professionally active physicians in the United States was around 1,073,616.
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Market Segmentation
Market Players
3M Company, Heine Optotechnik GmbH & Co. KG., Hill-Rom Holdings, Inc., Medline Industries Inc, Eko Devices Inc., GF Health Products, Inc., Rudolf Riester GmbH (Halma Plc), American Diagnostics Corporation, Contec Medical Systems Co., Ltd., Think Labs Medical LLC
Attribute | Details |
Base Year | 2021 |
Historic Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, Volume (in Million Units) and CAGR for 2017-2021 and 2022-2027 |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | · By Type · By Distribution Channel · By End User · By Region |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Malaysia; Vietnam; Indonesia; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE; Turkey; Egypt |
Key companies profiled | 3M Company, Heine Optotechnik GmbH & Co. KG., Hill-Rom Holdings, Inc., Medline Industries Inc, Eko Devices Inc., GF Health Products, Inc., Rudolf Riester GmbH (Halma Plc), American Diagnostics Corporation, Contec Medical Systems Co., Ltd., Think Labs Medical LLC |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |