Dublin, Aug. 02, 2023 (GLOBE NEWSWIRE) -- The "Stethoscope Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017 - 2027 Segmented by Type, By Distribution Channel, By End User, By Region" report has been added to ResearchAndMarkets.com's offering.
The global stethoscope market is anticipated to witness a growth of steady CAGR in the forecast period, 2023-2027
The global demand for stethoscopes in healthcare settings has witnessed significant growth due to the increasing prevalence of various communicable and non-communicable diseases. Healthcare professionals rely on stethoscopes for accurate diagnosis, making them essential tools in medical practice.
The rise in the geriatric population, which is more susceptible to diseases and injuries, has further fueled the demand for stethoscopes for diagnosis and treatment purposes. The growing number of individuals aged 65 years or above, projected to reach 1.5 billion by 2050, indicates the need for reliable and efficient medical devices like stethoscopes to cater to their healthcare needs.
Stethoscopes offer several advantages, allowing medical practitioners to listen to crucial sounds produced by the body, such as heart and lung sounds, blood flow, and fetal heartbeats during pregnancy.
Moreover, the continuous technological advancements in the medical industry, including digital and electronic stethoscopes with Bluetooth connectivity, are expected to create lucrative opportunities for the stethoscope market's growth in the foreseeable future.
Increasing prevalence of Cardiovascular and Pulmonary Diseases
An increasing number of people suffering from different cardiovascular disorders and pulmonary diseases will boost the demand for stethoscopes in the forecast period. According to the Centers for Disease Control and Prevention (CDC), heart diseases are the 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 the United States, which is equivalent to 1 in 5 deaths. The majority of cardiovascular diseases are associated with the type of sound the heart produces, thereby increasing the demand for stethoscopes.
The advent of technologically advanced stethoscopes has paved the way for accurate and immediate diagnosis, thereby driving market growth.
Increasing Number of Healthcare Professionals
The improving healthcare infrastructure and increasing number of professionals adopting different healthcare services as a profession is expected to support the growth of the global stethoscope market. Every healthcare professional use stethoscope to examine the patient.
The increasing number of healthcare professionals is expected to increase the demand for stethoscopes thereby fuelling the market growth. In 2022, the total number of professionally active physicians in the United States was around 1,073,616. Not only in the United States, but this number is also increasing worldwide and creating demand for stethoscopes.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Global Stethoscope Market.
- 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
Report Scope:
Stethoscope Market, By type:
- Electronic/Digital
- Smart
- Traditional Acoustic
- Others
Stethoscope Market, By Distribution Channel:
- Direct Sales
- Distributors/Suppliers
- Online
Stethoscope Market, By End User:
- Hospital & Clinics
- Ambulatory Care Centers
- Others
Stethoscope Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Malaysia
- Vietnam
- Indonesia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Egypt
For more information about this report visit https://www.researchandmarkets.com/r/ayo9et
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