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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

June 2022 | 172 pages | ID: S8B0AED3B60EN
Grand View Research, Inc.

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Stethoscope Market Growth & Trends

The global stethoscope market size is anticipated to reach USD 949.88 million by 2030, according to a new report by Grand View Research, Inc. 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
CHAPTER 1. METHODOLOGY AND SCOPE

1.1 Market Segmentation and Scope
  1.1.1 Technology Type
  1.1.2 Sales Channel
  1.1.3 End-Use
  1.1.4 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information procurement
  1.3.1 Purchased Database
  1.3.2 GVR’s Internal Database
  1.3.3 Secondary Sources
  1.3.4 Primary Research
  1.3.5 Details Of Primary Research
1.4 Information or Data Analysis
  1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
  1.6.1 Commodity Flow Analysis (Model 1)
    1.6.1.1 Approach 1: Commodity Flow Approach
  1.6.2 Volume Price Analysis (Model 2)
    1.6.2.1 Approach 2: Volume price analysis
1.7 List of Secondary Sources
1.8 List of Primary Sources
1.9 List of Abbreviations
1.10 Objectives
  1.10.1 Objective
  1.10.2 Objective
  1.10.3 Objective
  1.10.4 Objective

CHAPTER 2. EXECUTIVE SUMMARY

2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights

CHAPTER 3. STETHOSCOPE MARKET VARIABLES, TRENDS & SCOPE

3.1 Market Lineage Outlook
  3.1.1 Parent Market Outlook
  3.1.2 Ancillary Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Regulatory Framework
3.4 Product Pipeline Analysis
3.4 Product Pipeline Analysis
3.5 Consumer Behavior Analysis
  3.5.1 Market Influencer Analysis
  3.5.2 Physician Influence
    3.5.2.1 Reasons for an upgrade to stethoscopes
    3.5.2.2 Lifespan/average turnover time to upgrade from the traditional stethoscope
3.6 Market Dynamics
  3.6.1 Market Driver Analysis
    3.6.1.1 Rising prevalence of cardiovascular and respiratory diseases
    3.6.1.2 Increase in geriatric population
    3.6.1.3 Increasing application of digital stethoscope in the diagnosis of chronic conditions
  3.6.2 Market Restraints Analysis
    3.6.2.1 High cost of electronic/smart stethoscopes
3.7 Stethoscope: Market Analysis Tools
  3.7.1 Industry Analysis - Porter’s Five Forces
  3.7.2 Swot Analysis, By PEST
3.8 Stethoscope: COVID-19 Impact
  3.8.1 Changing market trends
  3.8.2 Supply/logistics impact
3.9 Market Entry Strategies
  3.9.1 Innovation/OEM
  3.9.2 Geographic expansion
  3.9.3 Product launches
  3.9.4 Tapping unmet needs

CHAPTER 4. STETHOSCOPE MARKET: SEGMENT ANALYSIS, BY TECHNOLOGY, 2018 - 2030 (USD MILLION)

4.1 Definition and Scope
4.2 Technology Market Share Analysis, 2021 & 2030
4.3 Segment Dashboard
4.4 Stethoscope Market, by Technology, 2018 to 2030
4.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030
  4.5.1 Electronic/Digital Stethoscope
    4.5.1.1 Electronic/digital stethoscope market, 2018 - 2030 (USD Million)
  4.5.2 Smart Stethoscope
    4.5.2.1 Smart stethoscope market, 2018 - 2030 (USD Million)
  4.5.3 Traditional Acoustic Stethoscope
    4.5.3.1 Traditional acoustic stethoscope market, 2018 - 2030 (USD Million)

CHAPTER 5. STETHOSCOPE MARKET: SEGMENT ANALYSIS, BY SALES CHANNEL, 2018 - 2030 (USD MILLION)

5.1 Definition & Scope
5.2 Channel Market Share Analysis, 2021 & 2030
5.3 Segment Dashboard
5.4 Stethoscope Market, By Channel, 2018 to 2030
5.5 Market Size, & Forecasts, and Trend Analysis, 2020 to 2028
5.6 Distributors
  5.6.1 Distributors market, 2018 - 2030 (USD Million)
  5.6.2 E-Commerce
    5.6.2.1 E-commerce market, 2018 - 2030 (USD Million)
  5.6.3 Direct Purchase
    5.6.3.1 Direct purchase market, 2018 - 2030 (USD Million)

CHAPTER 6. STETHOSCOPE MARKET: SEGMENT ANALYSIS, BY END USE, 2018 - 2030 (USD MILLION)

6.1 Definition & Scope
6.2 End-use Market Share Analysis, 2021 & 2030
6.3 Segment Dashboard
6.4 Stethoscope Market, By End Use, 2018 to 2030
6.5 Market Size, & Forecasts, and Trend Analysis, 2020 to 2028
6.6 Home Healthcare
  6.6.1 Home healthcare market, 2018 - 2030 (USD Million)
  6.6.2 Hospitals
    6.6.2.1 Hospitals market, 2018 - 2030 (USD Million)
  6.6.3 Clinics
    6.6.3.1 Clinics market, 2018 - 2030 (USD Million)
  6.6.4 Nurse Practitioners
    6.6.4.1 Nurse practitioners market, 2018 - 2030 (USD Million)
  6.6.5 Emt/ First Responders
    6.6.5.1 EMT/first responders market, 2018 - 2030 (USD Million)
  6.6.6 Veterinary
    6.6.6.1 Veterinary market, 2018 - 2030 (USD Million)

CHAPTER 7. STETHOSCOPE MARKET: REGIONAL MARKET ANALYSIS, BY TECHNOLOGY TYPE, BY SALE CHANNEL, BY END USE, 2018 - 2030 (USD MILLION, UNITS)

7.1 Definition & Scope
7.2 Regional Market Share Analysis, 2021 & 2030
7.3 Regional Market Snapshot
7.4 Market Size, & Forecasts, and Trend Analysis, 2021 & 2030
7.5 North America
  7.5.1 North America Stethoscope Market, 2018 - 2030 (USD Million)
  7.5.2 U.S.
    7.5.2.1 U.S. stethoscope market, 2018 - 2030 (USD Million)
  7.5.3 Canada
    7.5.3.1 Canada stethoscope market, 2018 - 2030 (USD Million)
7.6 Europe
  7.6.1 Europe Stethoscope Market, 2018 - 2030 (USD Million)
  7.6.2 U.K.
    7.6.2.1 UK stethoscope market, 2018 - 2030 (USD Million)
  7.6.3 Germany
    7.6.3.1 Germany stethoscope market, 2018 - 2030 (USD Million)
  7.6.4 France
    7.6.4.1 France stethoscope market, 2018 - 2030 (USD Million)
  7.6.5 Italy
    7.6.5.1 Italy stethoscope market, 2018 - 2030 (USD Million)
  7.6.6 Spain
    7.6.6.1 Spain stethoscope market, 2018 - 2030 (USD Million)
7.7 Asia Pacific
  7.7.1 Asia Pacific Stethoscope Market, 2018 - 2030 (USD Million)
  7.7.2 Japan
    7.7.2.1 Japan stethoscope market, 2018 - 2030 (USD Million)
  7.7.3 China
    7.7.3.1 China (Mainland) stethoscope market, 2018 - 2030 (USD Million)
  7.7.4 India
    7.7.4.1 India stethoscope market, 2018 - 2030 (USD Million)
  7.7.5 South Korea
    7.7.5.1 South Korea stethoscope market, 2018 - 2030 (USD Million)
  7.7.6 Australia
    7.7.6.1 Australia stethoscope market, 2018 - 2030 (USD Million)
7.8 Latin America
  7.8.1 Latin America Stethoscope Market, 2018 - 2030 (USD Million)
  7.8.2 Brazil
    7.8.2.1 Brazil stethoscope market, 2018 - 2030 (USD Million)
  7.8.3 Mexico
    7.8.3.1 Mexico stethoscope market, 2018 - 2030 (USD Million)
  7.8.4 Argentina
    7.8.4.1 Argentina stethoscope market, 2018 - 2030 (USD Million)
  7.8.5 Colombia
    7.8.5.1 Colombia stethoscope market, 2018 - 2030 (USD Million)
7.9 MEA
  7.9.1 MEA Stethoscope Market, 2018 - 2030 (USD Million)
  7.9.2 South Africa
    7.9.2.1 South Africa stethoscope market, 2018 - 2030 (USD Million)
  7.9.3 Saudi Arabia
    7.9.3.1 Saudi Arabia stethoscope market, 2018 - 2030 (USD Million)
  7.9.4 UAE
    7.9.4.1 UAE market, 2018 - 2030 (USD Million)

CHAPTER 8. STETHOSCOPE MARKET - COMPETITIVE ANALYSIS

8.1 Company Share Analysis, 2021
8.2 Product/Brand Comparative Analysis
8.3 List of Key Distributors
  8.3.1 North America
  8.3.2 Europe
  8.3.3 Asia Pacific
  8.3.4 Latin America
  8.3.5 Middle East and Africa
8.4 Company Profiles
  8.4.1 Eko Devices Inc.
    8.4.1.1 Company overview
    8.4.1.2 Product benchmarking
    8.4.1.3 Strategic initiatives
  8.4.2 3M
    8.4.2.1 Company overview
    8.4.2.2 Financial Performance
    8.4.2.3 Product benchmarking
    8.4.2.4 Strategic initiatives
  8.4.3 Medline Industries Inc.
    8.4.3.1 Company overview
    8.4.3.2 Product benchmarking
    8.4.2.3 Strategic initiatives
  8.4.4 HEINE OPTOTECHNIK GMBH & CO. KG
    8.4.4.1 Company overview
    8.4.4.2 Product benchmarking
  8.4.5 WELCH ALLYN (HILL-ROM HOLDINGS, INC.)
    8.4.5.1 Company overview
    8.4.5.2 Financial performance
    8.4.5.3 Product/Service benchmarking
  8.4.6 GF Health Products, Inc.
    8.4.6.1 Company overview
    8.4.6.2 Product benchmarking
    8.4.6.3 Strategic initiatives
  8.4.7 RUDOLF RIESTER GMBH
    8.4.7.1 Company overview
    8.4.7.2 Product benchmarking
    8.4.7.3 Strategic initiatives
  8.4.8 American Diagnostics Corporation
    8.4.8.1 Company overview
    8.4.8.2 Financial performance
    8.4.8.3 Product benchmarking
    8.4.8.4 Strategic initiatives
  8.4.9 Cardionics
    8.4.9.1 Company overview
    8.4.9.2 Financial performance
    8.4.9.3 Product benchmarking
    8.4.9.4 Strategic initiatives
  8.4.10 Heine Optotechnik GmbH & Co. KG
    8.4.10.1 Company overview
    8.4.10.2 Financial performance
    8.4.10.3 Product/Service benchmarking
    8.4.10.4 Strategic initiatives

LIST OF TABLES

Table 1. List of secondary sources
Table 2. List of abbreviations
Table 3. Clinical trials

LIST OF FIGURES

Fig. 1 Stethoscope market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value-chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Market outlook (2021)
Fig. 10 Market driver relevance analysis (Current & future impact)
Fig. 11 Market restraint relevance analysis (Current & future impact)
Fig. 12 Porter’s five forces analysis
Fig. 13 SWOT analysis, by factor (political & legal, economic and technological)
Fig. 14 Stethoscope market: Technology movement analysis
Fig. 15 Stethoscope market technology outlook: Key takeaways
Fig. 16 Electronic/digital stethoscopes market, 2018 - 2030 (USD Million)
Fig. 17 Smart stethoscopes market, 2018 - 2030 (USD Million)
Fig. 18 Traditional acoustic stethoscopes market, 2018 - 2030 (USD Million)
Fig. 19 Stethoscope market: Sales channel movement analysis
Fig. 20 Stethoscope market sales channel outlook: Key takeaways
Fig. 21 Distributors market, 2018 - 2030 (USD Million)
Fig. 22 E-commerce market, 2018 - 2030 (USD Million)
Fig. 23 Direct purchase market, 2018 - 2030 (USD Million)
Fig. 24 Stethoscope market: End use movement analysis
Fig. 25 Stethoscope market end-use outlook: Key takeaways
Fig. 26 Home healthcare market, 2018 - 2030 (USD Million)
Fig. 27 Hospitals market, 2018 - 2030 (USD Million)
Fig. 28 Clinics (individual clinics) market, 2018 - 2030 (USD Million)
Fig. 29 Cardiologists market, 2018 - 2030 (USD Million)
Fig. 30 General practitioners market, 2018 - 2030 (USD Million)
Fig. 31 Other clinics market, 2018 - 2030 (USD Million)
Fig. 32 Nurse practitioners market, 2018 - 2030 (USD Million)
Fig. 33 EMT/ first responders market, 2018 - 2030 (USD Million)
Fig. 34 Veterinary market, 2018 - 2030 (USD Million)
Fig. 35 Regional outlook, 2018 & 2030
Fig. 36 Regional marketplace: Key takeaways
Fig. 37 North America stethoscope market, 2018 - 2030 (USD Million)
Fig. 38 North America stethoscope market, 2018 - 2030 (Units)
Fig. 39 North America electronic/digital stethoscope market, 2018 - 2030 (Units)
Fig. 40 North America smart stethoscope market, 2018 - 2030 (Units)
Fig. 41 North America traditional acoustic stethoscope market, 2018 - 2030 (Units)
Fig. 42 U.S. stethoscope market, 2018 - 2030 (USD Million)
Fig. 43 Canada stethoscope market, 2018 - 2030 (USD Million)
Fig. 44 Europe stethoscope market, 2018 - 2030 (USD Million)
Fig. 45 Europe stethoscope market, 2018 - 2030 (Units)
Fig. 46 Europe electronic/digital stethoscope market, 2018 - 2030 (Units)
Fig. 47 Europe smart stethoscope market, 2018 - 2030 (Units)
Fig. 48 Europe traditional acoustic stethoscope market, 2018 - 2030 (Units)
Fig. 49 UK. stethoscope market, 2018 - 2030 (USD Million)
Fig. 50 Germany stethoscope market, 2018 - 2030 (USD Million)
Fig. 51 France stethoscope market, 2018 - 2030 (USD Million)
Fig. 52 Italy stethoscope market, 2018 - 2030 (USD Million)
Fig. 53 Spain stethoscope market, 2018 - 2030 (USD Million)
Fig. 54 Asia Pacific stethoscope market, 2018 - 2030 (USD Million)
Fig. 55 Asia Pacific stethoscope market, 2018 - 2030 (Units)
Fig. 56 Asia Pacific electronic/digital stethoscope market, 2018 - 2030 (Units)
Fig. 57 Asia Pacific smart stethoscope market, 2018 - 2030 (Units)
Fig. 58 Asia Pacific traditional acoustic stethoscope market, 2018 - 2030 (Units)
Fig. 59 Japan stethoscope market, 2018 - 2030 (USD Million)
Fig. 60 China (Mainland) stethoscope market, 2018 - 2030 (USD Million)
Fig. 61 India Stethoscope market, 2018 - 2030 (USD Million)
Fig. 62 Australia stethoscope market, 2018 - 2030 (USD Million)
Fig. 63 South Korea stethoscope market, 2018 - 2030 (USD Million)
Fig. 64 Latin America stethoscope market, 2018 - 2030 (USD Million)
Fig. 65 Latin America stethoscope market, 2018 - 2030 (Units)
Fig. 66 Latin America electronic/digital stethoscope market, 2018 - 2030 (Units)
Fig. 67 Latin America smart stethoscope market, 2018 - 2030 (Units)
Fig. 68 Latin America traditional acoustic stethoscope market, 2018 - 2030 (Units)
Fig. 69 Brazil stethoscope market, 2018 - 2030 (USD Million)
Fig. 70 Mexico stethoscope market, 2018 - 2030 (USD Million)
Fig. 71 Argentina stethoscope market, 2018 - 2030 (USD Million)
Fig. 72 Colombia stethoscope market, 2018 - 2030 (USD Million)
Fig. 73 MEA stethoscope market, 2018 - 2030 (USD Million)
Fig. 74 Middle East and Africa stethoscope market, 2018 - 2030 (Units)
Fig. 75 Middle East and Africa electronic/digital stethoscope market, 2018 - 2030 (Units)
Fig. 76 Middle East and Africa smart stethoscope market, 2018 - 2030 (Units)
Fig. 77 Middle East and Africa traditional acoustic stethoscope market, 2018 - 2030 (Units)
Fig. 78 South Africa stethoscope market, 2018 - 2030 (USD Million)
Fig. 79 Saudi Arabia stethoscope market, 2018 - 2030 (USD Million)
Fig. 80 UAE stethoscope market, 2018 - 2030 (USD Million)
Fig. 81 Company market share analysis, 2021


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