DUBLIN, Jan. 28, 2020 /PRNewswire/ -- The "Stethoscopes - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
The global market for Stethoscopes is projected to reach US$495.2 million by 2025, driven by the indispensability of this iconic diagnostic device to medical practice coupled with technological developments and launch of advanced electronic variants.
The market stands to benefit from a combination of favorable macroeconomic factors such as aging population, growing healthcare needs, increasing healthcare access and spending in both developed and developing countries; growth in physician clinics and practice; changing roles of frontline healthcare workers coupled with the expanding base of healthcare workers comprising critical care nurses, emergency medical technicians, general practitioners, medical students, pediatric specialists, registered nurses.
Continued enhancements in stethoscope design and acoustic performance will also help spur gains in growth. Improving stethoscope acoustics remains the guiding goal and objective of all product R&D efforts and recent advancements worthy of note include amplified sound output; improved frequency range; and external noise cancellation technology.
Digital stethoscopes especially are gaining in popularity in the field of cardiology and pulmonary. A key benefit of these stethoscopes is their ability to detect and record cardiac murmurs as low as 8 Khz. Focus on computer aided diagnosis is driving demand for digital stethoscopes with external flash memory chips for visualization of real-time recorded audio waveforms. Manual and mechanical stethoscopes will however continue to dominate the market, driven by their huge popularity among medical practitioners worldwide.
A key trend in the market is the rise of disposable stethoscopes against a backdrop of growing concerns over stethoscope as intra-hospital carriers of pathogenic infections.
The United States and Europe represent large markets worldwide with a combined share of 60.8% of the market. China ranks as the fastest growing market with a CAGR of 6.9% over the analysis period supported by rapidly developing physician practices; growing per capita healthcare spending; strong physician confidence in the tried and tested reliability of stethoscopes; availability of stethoscopes in a wide variety of styles, designs and colors; and launch of specialized stethoscopes for virtually every branch of medicine such as pediatric, cardiology, obstetrics, pulmonary assessment etc.
Competitors identified in this market include:
- American Diagnostic Corporation
- Cardionics Inc.
- Contec Medical Systems Co. Ltd.
- GF Health Products Inc.
- HEINE Optotechnik GmbH & Co. KG
- MDF Instruments
- Medline Industries Inc.
- Rudolf Riester GmbH
- Suzuken Co. Ltd.
- Welch Allyn Inc.
- Yuwell-Jiangsu Yuyue Medical Equipment & Supply Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/7y9xwf
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SOURCE Research and Markets