Market Overview:
The global medical electronic stethoscopes market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The increasing prevalence of chronic diseases, growing geriatric population, and rising demand for minimally invasive diagnostic procedures are some of the major factors driving the growth of this market. Based on type, the global medical electronic stethoscopes market is segmented into amplifying stethoscope and digitizing stethoscope. The amplifying stethoscope segment is expected to account for a larger share of the market in 2018 owing to its low cost and easy availability. However, the digitizing stethoscope segment is projected to grow at a higher CAGR during the forecast period due to its superior features such as noise cancellation and real-time audio streaming capabilities. Based on application, hospitals accounted for majority share of the global medical electronic Stethescopes Market in 2017; however, clinics are projected to grow at a higher CAGR duringthe forecast period owingto their increasing popularity among patientsfor early diagnosisand treatmentof various diseases.
Product Definition:
Medical electronic stethoscopes are a type of electronic stethoscope that is used to amplify the sound of a patient's heartbeat and other bodily sounds. This type of stethoscope can be helpful in diagnosing conditions such as heart disease, lung problems, and other medical issues.
Amplifying Stethoscope:
Amplifying stethoscope is a medical device used to amplify the sound of heart and lungs. It's major application is in cardiology and pulmonary medicine. Amplifying stethoscopes are also used by physicians for assessment of cardiac, respiratory, and vascular functions as well as during surgical procedures.
Digitizing Stethoscope:
The digitizing stethoscope is a digital electronic stethoscope that can be used for continuous and non-intermittent monitoring of heart, lungs, and other body functions. It helps in recording the sounds digitally which can be later played back to review the patient’s vitals. The device has various benefits such as it reduces errors during diagnosis, improves efficiency & accuracy of doctors while listening to patient's heartbeat or breath.
Application Insights:
Based on application, the global medical electronic stethoscopes market is segmented into hospitals, clinics, homecare and others. The hospitals segment dominated the overall market in terms of revenue in 2017. This high share is attributable to a large number of patients admitted every year and rising demand for advanced healthcare facilities with better infrastructure. In addition, a significant increase in investments by governments for developing healthcare facilities will boost product demand over the forecast period.
The clinics segment is expected to grow at a lucrative rate during the forecast period owing to an increasing number of ENT surgeries performed annually coupled with rising awareness about diseases related to ears, nose & throat (ENT). Moreover, technological advancements such as introduction of digital technology that helps deliver precise sound waves will fuel industry growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding chronic diseases, presence of well-developed healthcare infrastructure, and high purchasing power parity in this region as compared to others.
Asia Pacific is anticipated to witness lucrative growth over the coming years owing to rising prevalence of heart disorders and lung cancer among other respiratory diseases that necessitate auscultation through a stethoscope. Moreover, government initiatives for improving healthcare facilities are expected drive regional demand during the forecast period. For instance, ‘Healthcare Connect 2020’ initiative by Indian prime minister Narendra Modi aims at creating awareness about e-health services and electronic medical records (EMR).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is due to the benefits offered by these surgeries over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Medical electronic stethoscopes are an important part of the equipment used in minimally invasive surgeries as they help surgeons listen to heart and lung sounds more clearly than with a traditional stethoscope.
- Growing geriatric population: The global geriatric population is expected to reach 1.6 billion by 2020, creating a large pool of patients who will require medical care for various age-related conditions such as heart disease, stroke, cancer, and dementia. Medical electronic stethoscopes can be used to detect early signs of these diseases in elderly patients and help doctors provide timely treatment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Electronic Stethoscopes Market Research Report
By Type
Amplifying Stethoscope, Digitizing Stethoscope
By Application
Hospitals, Clinics, Homecare, Others
By Companies
3M Littmann, Omron, Thinklabs, Suzuken, Hill-Rom, Yuwell, American Diagnostics, Rudolf Riester, GF Health, Jiangsu Folee Medical Equipment, MDF Instruments, Cardionics, EmsiG Global, HD Medical, Eko Devices, EKuore, CliniCloud, Dongjin Medical, Meditech Equipment, Ambisea Technology Corp
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Medical Electronic Stethoscopes Market Report Segments:
The global Medical Electronic Stethoscopes market is segmented on the basis of:
Types
Amplifying Stethoscope, Digitizing Stethoscope
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Homecare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M Littmann
- Omron
- Thinklabs
- Suzuken
- Hill-Rom
- Yuwell
- American Diagnostics
- Rudolf Riester
- GF Health
- Jiangsu Folee Medical Equipment
- MDF Instruments
- Cardionics
- EmsiG Global
- HD Medical
- Eko Devices
- EKuore
- CliniCloud
- Dongjin Medical
- Meditech Equipment
- Ambisea Technology Corp
Highlights of The Medical Electronic Stethoscopes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Amplifying Stethoscope
- Digitizing Stethoscope
- By Application:
- Hospitals
- Clinics
- Homecare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Electronic Stethoscopes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical electronic stethoscopes are a type of medical equipment that is used to listen to the heart and lungs. They are often used by doctors during surgery or other medical procedures.
Some of the major companies in the medical electronic stethoscopes market are 3M Littmann, Omron, Thinklabs, Suzuken, Hill-Rom, Yuwell, American Diagnostics, Rudolf Riester, GF Health, Jiangsu Folee Medical Equipment, MDF Instruments, Cardionics, EmsiG Global, HD Medical, Eko Devices, EKuore, CliniCloud, Dongjin Medical, Meditech Equipment, Ambisea Technology Corp.
The medical electronic stethoscopes market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Electronic Stethoscopes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Electronic Stethoscopes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Electronic Stethoscopes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Electronic Stethoscopes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Electronic Stethoscopes Market Size & Forecast, 2018-2028
4.5.1 Medical Electronic Stethoscopes Market Size and Y-o-Y Growth
4.5.2 Medical Electronic Stethoscopes Market Absolute $ Opportunity
Chapter 5 Global Medical Electronic Stethoscopes Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Electronic Stethoscopes Market Size Forecast by Type
5.2.1 Amplifying Stethoscope
5.2.2 Digitizing Stethoscope
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Electronic Stethoscopes Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Electronic Stethoscopes Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Homecare
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Electronic Stethoscopes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Electronic Stethoscopes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Electronic Stethoscopes Analysis and Forecast
9.1 Introduction
9.2 North America Medical Electronic Stethoscopes Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Electronic Stethoscopes Market Size Forecast by Type
9.6.1 Amplifying Stethoscope
9.6.2 Digitizing Stethoscope
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Electronic Stethoscopes Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Homecare
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Electronic Stethoscopes Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Electronic Stethoscopes Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Electronic Stethoscopes Market Size Forecast by Type
10.6.1 Amplifying Stethoscope
10.6.2 Digitizing Stethoscope
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Electronic Stethoscopes Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Homecare
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Electronic Stethoscopes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Electronic Stethoscopes Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Electronic Stethoscopes Market Size Forecast by Type
11.6.1 Amplifying Stethoscope
11.6.2 Digitizing Stethoscope
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Electronic Stethoscopes Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Homecare
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Electronic Stethoscopes Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Electronic Stethoscopes Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Electronic Stethoscopes Market Size Forecast by Type
12.6.1 Amplifying Stethoscope
12.6.2 Digitizing Stethoscope
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Electronic Stethoscopes Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Homecare
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Electronic Stethoscopes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Electronic Stethoscopes Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Electronic Stethoscopes Market Size Forecast by Type
13.6.1 Amplifying Stethoscope
13.6.2 Digitizing Stethoscope
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Electronic Stethoscopes Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Homecare
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Electronic Stethoscopes Market: Competitive Dashboard
14.2 Global Medical Electronic Stethoscopes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M Littmann
14.3.2 Omron
14.3.3 Thinklabs
14.3.4 Suzuken
14.3.5 Hill-Rom
14.3.6 Yuwell
14.3.7 American Diagnostics
14.3.8 Rudolf Riester
14.3.9 GF Health
14.3.10 Jiangsu Folee Medical Equipment
14.3.11 MDF Instruments
14.3.12 Cardionics
14.3.13 EmsiG Global
14.3.14 HD Medical
14.3.15 Eko Devices
14.3.16 EKuore
14.3.17 CliniCloud
14.3.18 Dongjin Medical
14.3.19 Meditech Equipment
14.3.20 Ambisea Technology Corp
