Stethoscope Market
PUBLISHED: 2020 ID: SMRC19821
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Stethoscope Market

Stethoscope - Global Market Outlook (2019 -2027)

4.6 (85 reviews)
4.6 (85 reviews)
Published: 2020 ID: SMRC19821

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Stethoscope Market is accounted for $319.11 million in 2019 and is expected to reach $489.73 million by 2027 growing at a CAGR of 5.5% during the forecast period. The rising prevalence of heart-related diseases and various respiratory diseases and an increase in the geriatric population are the major factors propelling the market growth. However, the high cost of the electronic stethoscope and lack of skilled healthcare professionals are hampering the market growth.

Stethoscope is a medical device used for listening to internal sounds of a human being such as heart and lung sounds. It is an important tool used by medical professionals. The stethoscope enables to perform one of the most fundamental tasks, auscultation, for the assessment of the condition of the abdominal and thoracic organs and blood vessels. It naturally has a small disc-shaped resonator that is placed against the chest and two tubes are connected to earpieces. There are different types of stethoscopes that help in assessing the specialty diagnosis such as cardiology stethoscope, electronic stethoscopes, and others.

Based on the material, the stainless steel segment is going to have a lucrative growth during the forecast period due to its properties such as high durability along with good sound conductors. Moreover, as compared to other materials stainless steel tops them for sound quality and amplification. Hence, good sound quality along with high product durability will result in growing demand and adoption rate of stainless-steel variants, fuelling the industry growth.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the growing population and rapid urbanization in the region. Moreover, Asia Pacific is projected to have the fastest growth, owing to a rapidly developing medical infrastructure, increasing spending on healthcare and growing medical tourism in developing nations such as China and India in this region. Developing countries in the region are likely to witness rising demand for stethoscope in the coming years.

Some of the key players profiled in the Stethoscope Market include 3M, American Diagnostic Company, Cardionics, Eko Devices, GF Health Products, Heine Optotechnik Gmbh & Co, Invacare Supply Group, McCoy, MDF Instruments, Medline Industries, Omron, Rudolf Riester, Sklar Instruments, Smiths Medical, Ultrascope and Welch Allyn.

Tube Types Covered:
• Double Tube
• Single Tube

Materials Covered:
• Acrylic Resin
• Aluminum 
• Chrome-plated Brass
• Chrome-plated Zinc
• Molded Resin
• Silicone
• Stainless Steel 
• Wooden
• Zinc

Products Covered:
• Acoustic Stethoscope
• Doppler Stethoscopes
• Electronic Stethoscope
• Manual & Mechanical Stethoscopes
• Optical Stethoscopes
• 3D-Printed Stethoscope

Designs Covered:
• Double Head
• Single Head
• Triple Head

Usabilities Covered:
• Disposable
• Reusable

End Users Covered:
• Ambulatory Surgical Centers
• Clinics
• Healthcare Institutes & Organizations
• Home Care Settings
• Hospitals
• Physician Office
• Research and Academic Institutes
• Urgent Care Centers

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary            
             
2 Preface
           
 2.1 Abstract           
 2.2 Stake Holders           
 2.3 Research Scope           
 2.4 Research Methodology           
  2.4.1 Data Mining          
  2.4.2 Data Analysis          
  2.4.3 Data Validation          
  2.4.4 Research Approach          
 2.5 Research Sources           
  2.5.1 Primary Research Sources          
  2.5.2 Secondary Research Sources          
  2.5.3 Assumptions          
             
3 Market Trend Analysis            
 3.1 Introduction           
 3.2 Drivers           
 3.3 Restraints           
 3.4 Opportunities           
 3.5 Threats           
 3.6 Product Analysis           
 3.7 End User Analysis           
 3.8 Emerging Markets           
 3.9 Impact of Covid-19           
             
4 Porters Five Force Analysis            
 4.1 Bargaining power of suppliers           
 4.2 Bargaining power of buyers           
 4.3 Threat of substitutes           
 4.4 Threat of new entrants           
 4.5 Competitive rivalry           
             
5 Global Stethoscope Market, By Tube Type            
 5.1 Introduction           
 5.2 Double Tube           
 5.3 Single Tube           
             
6 Global Stethoscope Market, By Material            
 6.1 Introduction           
 6.2 Acrylic Resin           
 6.3 Aluminum            
 6.4 Chrome-plated Brass           
 6.5 Chrome-plated Zinc           
 6.6 Molded Resin           
 6.7 Silicone           
 6.8 Stainless Steel            
 6.9 Wooden           
 6.10 Zinc           
             
7 Global Stethoscope Market, By Product            
 7.1 Introduction           
 7.2 Acoustic Stethoscope           
  7.2.1 Cardiology Stethoscope          
  7.2.2 Fetal Stethoscope          
   7.2.2.1 Fetoscope         
   7.2.2.2 Pinard Horns         
  7.2.3 Infant Sethoscope          
  7.2.4 Neonatal Stethoscope          
  7.2.5 Pediatric Stethoscope          
  7.2.6 Teaching Stethoscope          
  7.2.7 Veterinary Stethoscope          
 7.3 Doppler Stethoscopes           
 7.4 Electronic Stethoscope           
  7.4.1 Amplifying Stethoscope          
  7.4.2 Digitizing Stethoscope          
  7.4.3 Esophageal Stethoscopes          
  7.4.4 Fetal Heart Rate Detectors          
 7.5 Manual & Mechanical Stethoscopes           
 7.6 Optical Stethoscopes           
 7.7 3D-Printed Stethoscope           
             
8 Global Stethoscope Market, By Design            
 8.1 Introduction           
 8.2 Double Head           
 8.3 Single Head           
 8.4 Triple Head           
             
9 Global Stethoscope Market, By Usability            
 9.1 Introduction           
 9.2 Disposable           
 9.3 Reusable           
             
10 Global Stethoscope Market, By End User            
 10.1 Introduction           
 10.2 Ambulatory Surgical Centers           
 10.3 Clinics           
 10.4 Healthcare Institutes & Organizations           
 10.5 Home Care Settings           
 10.6 Hospitals           
 10.7 Physician Office           
 10.8 Research and Academic Institutes           
 10.9 Urgent Care Centers           
             
11 Global Stethoscope Market, By Geography            
 11.1 Introduction           
 11.2 North America           
  11.2.1 US          
  11.2.2 Canada          
  11.2.3 Mexico          
 11.3 Europe           
  11.3.1 Germany          
  11.3.2 UK          
  11.3.3 Italy          
  11.3.4 France          
  11.3.5 Spain          
  11.3.6 Rest of Europe          
 11.4 Asia Pacific           
  11.4.1 Japan          
  11.4.2 China          
  11.4.3 India          
  11.4.4 Australia          
  11.4.5 New Zealand          
  11.4.6 South Korea          
  11.4.7 Rest of Asia Pacific          
 11.5 South America           
  11.5.1 Argentina          
  11.5.2 Brazil          
  11.5.3 Chile          
  11.5.4 Rest of South America          
 11.6 Middle East & Africa           
  11.6.1 Saudi Arabia          
  11.6.2 UAE          
  11.6.3 Qatar          
  11.6.4 South Africa          
  11.6.5 Rest of Middle East & Africa          
             
12 Key Developments            
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures           
 12.2 Acquisitions & Mergers           
 12.3 New Product Launch           
 12.4 Expansions           
 12.5 Other Key Strategies           
             
13 Company Profiling            
 13.1 3M           
 13.2 American Diagnostics Company           
 13.3 Cardionics           
 13.4 Eko Devices           
 13.5 GF Health Products           
 13.6 Heine Optotechnik Gmbh & Co           
 13.7 Invacare Supply Group           
 13.8 McCoy           
 13.9 MDF Instruments           
 13.10 Medline Industries           
 13.11 Omron           
 13.12 Rudolf Riester           
 13.13 Sklar Instruments           
 13.14 Smiths Medical           
 13.15 Ultrascope           
 13.16 Welch Allyn


List of Tables             
1 Global Stethoscope Market Outlook, By Region (2018-2027) ($MN)            
2 Global Stethoscope Market Outlook, By Tube Type (2018-2027) ($MN)            
3 Global Stethoscope Market Outlook, By Double Tube (2018-2027) ($MN)            
4 Global Stethoscope Market Outlook, By Single Tube (2018-2027) ($MN)            
5 Global Stethoscope Market Outlook, By Material (2018-2027) ($MN)            
6 Global Stethoscope Market Outlook, By Acrylic Resin (2018-2027) ($MN)            
7 Global Stethoscope Market Outlook, By Aluminum  (2018-2027) ($MN)            
8 Global Stethoscope Market Outlook, By Chrome-plated Brass (2018-2027) ($MN)            
9 Global Stethoscope Market Outlook, By Chrome-plated Zinc (2018-2027) ($MN)            
10 Global Stethoscope Market Outlook, By Molded Resin (2018-2027) ($MN)            
11 Global Stethoscope Market Outlook, By Silicone (2018-2027) ($MN)            
12 Global Stethoscope Market Outlook, By Stainless Steel  (2018-2027) ($MN)            
13 Global Stethoscope Market Outlook, By Wooden (2018-2027) ($MN)            
14 Global Stethoscope Market Outlook, By Zinc (2018-2027) ($MN)            
15 Global Stethoscope Market Outlook, By Acoustic Stethoscope (2018-2027) ($MN)            
16 Global Stethoscope Market Outlook, By Cardiology Stethoscope (2018-2027) ($MN)            
17 Global Stethoscope Market Outlook, By Fetal Stethoscope (2018-2027) ($MN)            
18 Global Stethoscope Market Outlook, By Infant Sethoscope (2018-2027) ($MN)            
19 Global Stethoscope Market Outlook, By Neonatal Stethoscope (2018-2027) ($MN)            
20 Global Stethoscope Market Outlook, By Pediatric Stethoscope (2018-2027) ($MN)            
21 Global Stethoscope Market Outlook, By Teaching Stethoscope (2018-2027) ($MN)            
22 Global Stethoscope Market Outlook, By Veterinary Stethoscope (2018-2027) ($MN)            
23 Global Stethoscope Market Outlook, By Doppler Stethoscopes (2018-2027) ($MN)            
24 Global Stethoscope Market Outlook, By Electronic Stethoscope (2018-2027) ($MN)            
25 Global Stethoscope Market Outlook, By Amplifying Stethoscope (2018-2027) ($MN)            
26 Global Stethoscope Market Outlook, By Digitizing Stethoscope (2018-2027) ($MN)            
27 Global Stethoscope Market Outlook, By Esophageal Stethoscopes (2018-2027) ($MN)            
28 Global Stethoscope Market Outlook, By Fetal Heart Rate Detectors (2018-2027) ($MN)            
29 Global Stethoscope Market Outlook, By Manual & Mechanical Stethoscopes (2018-2027) ($MN)            
30 Global Stethoscope Market Outlook, By Optical Stethoscopes (2018-2027) ($MN)            
31 Global Stethoscope Market Outlook, By 3D-Printed Stethoscope (2018-2027) ($MN)            
32 Global Stethoscope Market Outlook, By Design (2018-2027) ($MN)            
33 Global Stethoscope Market Outlook, By Double Head (2018-2027) ($MN)            
34 Global Stethoscope Market Outlook, By Single Head (2018-2027) ($MN)            
35 Global Stethoscope Market Outlook, By Triple Head (2018-2027) ($MN)            
36 Global Stethoscope Market Outlook, By Usability (2018-2027) ($MN)            
37 Global Stethoscope Market Outlook, By Disposable (2018-2027) ($MN)            
38 Global Stethoscope Market Outlook, By Reusable (2018-2027) ($MN)            
39 Global Stethoscope Market Outlook, By End User (2018-2027) ($MN)            
40 Global Stethoscope Market Outlook, By Ambulatory Surgical Centers (2018-2027) ($MN)            
41 Global Stethoscope Market Outlook, By Clinics (2018-2027) ($MN)            
42 Global Stethoscope Market Outlook, By Healthcare Institutes & Organizations (2018-2027) ($MN)            
43 Global Stethoscope Market Outlook, By Home Care Settings (2018-2027) ($MN)            
44 Global Stethoscope Market Outlook, By Hospitals (2018-2027) ($MN)            
45 Global Stethoscope Market Outlook, By Physician Office (2018-2027) ($MN)            
46 Global Stethoscope Market Outlook, By Research and Academic Institutes (2018-2027) ($MN)            
47 Global Stethoscope Market Outlook, By Urgent Care Centers (2018-2027) ($MN)            
             
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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