LONDON, Feb. 22, 2018 /PRNewswire/ -- Stethoscope Market
Analysis By Type (Manual Stethoscopes, Electronic Stethoscopes), By
Region (North America,
Europe, Asia Pacific, Latin
America, MEA), And Segment Forecasts, 2014 - 2025
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The global stethoscope market is expected to reach USD 522.6 million by 2025
The global increase in cardiac and pulmonary diseases is likely to
drive the market during the forecast period.
Furthermore, increase in investments by key companies and
government agencies for development and commercialization of
various innovative, accurate, and improved frequency, easy-to-use
stethoscopes is likely to drive the market. For instance, in
October 2015, Rijuven Corporation
launched a new FDA-approved device, CardioSleeve, for pediatric use
with electrocardiography skills to convert any existing stethoscope
into a smart mobile-connected device with digital auscultation,
digital analysis, arrhythmia, or murmur, which can identify heart
failure.
Entry of various electronic stethoscopes in the market is likely to
drive the segment at the fastest rate during the forecast period.
In August 2015, Eko launched the
first Android-connected digital stethoscope that amplifies 40X and
enables wireless streaming of heart and lung sounds via a mobile
app. This device received Class II FDA approval and is compatible
with iOS.
Further Key Findings from the Report Suggest:
• Growing geriatric population, increasing healthcare expenditure,
and availability of technologically advanced stethoscopes are some
of the factors expected to boost the market in the coming years
• The manual stethoscope segment accounted for the highest share of
the market in 2016 and is expected to witness significant growth
during the forecast period. This can be attributed to the
availability of several products with advanced tunable technology
that provides improved clinical accuracy to monitor the cardiac
rate.
• The electronic segment is expected to be the fastest growing
segment in coming years owing to the introduction of innovative
products that can be connected to a computer and enable storage for
further analysis & transmission of recorded sounds.
• Geographically, North America
was the major contributor to the stethoscope market in 2016. It is
anticipated to maintain its dominance during the forecast period
due to the launch of advanced products, greater adoption of
portable ultrasound stethoscope systems for early detection, and
increase in prevalence & diagnosis of lifestyle-associated
diseases.
• Asia Pacific is likely to
witness significant growth over the next decade owing to the
presence of local and key market players in the region, growing
geriatric population, and increasing healthcare expenditure in
major markets such as Japan and
China. Asia Pacific is expected to grow at a CAGR of
around 5% from 2017 to 2025
• Some of the key players are 3M;
Medline Industries, Inc.; Welch Allyn; GF Health Products, Inc.;
Rudolf Riester GmbH; American Diagnostic Corporation; Cardionics;
Heine Optotechnik GmbH & Co. KG; and Smiths Medical.
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