Stethoscope Market Analysis By Type (Manual Stethoscopes, Electronic Stethoscopes), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2014 - 2025

Published: Nov, 2017 | Pages: 80 | Publisher: Grand View Research
Industry: Healthcare | Report Format: Electronic (PDF)

The global stethoscope market is expected to reach USD 522.6 million by 2025, according to a new report by Grand View Research, Inc. 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.

 Table of Contents

Chapter 1. Executive Summary
                  1.1. Market Snapshot

Chapter 2. Methodology and Scope
                  2.2. Research Scope & Assumptions
                  2.3. List of Data Sources

Chapter 3. Stethoscope Industry Outlook
                  3.1. Market Segmentation
                  3.2. Market Size and Growth Prospects, 2014 - 2025
                  3.3. Market Dynamics
                       3.3.1. Market driver analysis
                       3.3.2. Market restraint analysis
                  3.4. Key Opportunities Prioritized
                  3.5. Industry Analysis - Porter's
                  3.6. PESTEL Analysis, 2016
                  3.7. Stethoscope Competitive Scenario, 2016
                       3.7.1. Competitive landscape/heat map analysis: Market position analysis (based on product portfolio, regional presence, and strategic initiatives)

Chapter 4. Stethoscope Market: Product Type Outlook
                  4.1. Stethoscope Market Share by Type, 2016 & 2025 (USD Million)
                  4.2. Manual Stethoscopes
                       4.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                  4.3. Electronic Stethoscopes
                       4.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)

Chapter 5. Stethoscope Market: Regional Outlook
                  5.1. Stethoscope Market Share by Region, 2016 & 2025 (USD Million)
                  5.2. North America 
                       5.2.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                       5.2.2. U.S.
                            5.2.2.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                       5.2.3. Canada 
                            5.2.3.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                  5.3. Europe 
                       5.3.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                       5.3.2. Germany
                            5.3.2.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                       5.3.3. U.K.
                            5.3.3.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                  5.4. Asia Pacific 
                       5.4.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                       5.4.2. China 
                            5.4.2.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                       5.4.3. Japan 
                            5.4.3.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                  5.5. Latin America 
                       5.5.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                       5.5.2. Brazil
                            5.5.2.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                       5.5.3. Mexico
                            5.5.3.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                  5.6. Middle East & Africa 
                       5.6.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)
                       5.6.2. South Africa
                            5.6.2.1. Market estimates and forecast by type, 2014 - 2025 (USD Million)

Chapter 6. Competitive Landscape
                  6.1. Strategy Framework 
                  6.2. Company Profiles 
                       6.2.1. 3M
                            6.2.1.1. Company overview
                            6.2.1.2. Financial performance
                            6.2.1.3. Product benchmarking
                            6.2.1.4. Strategic initiatives
                       6.2.2. Medline Industries, Inc.
                            6.2.2.1. Company overview
                            6.2.2.2. Financial performance
                            6.2.2.3. Product benchmarking
                            6.2.2.4. Strategic initiatives
                       6.2.3. Welch Allyn (Subsidiary of Hill-Rom Services, Inc)
                            6.2.3.1. Company overview
                            6.2.3.2. Financial performance
                            6.2.3.3. Product benchmarking
                            6.2.3.4. Strategic initiatives
                       6.2.4. GF Health Products, Inc 
                            6.2.4.1. Company overview
                            6.2.4.2. Financial performance
                            6.2.4.3. Product benchmarking
                            6.2.4.4. Strategic initiatives
                       6.2.5. Rudolf Riester GmbHC 
                            6.2.5.1. Company overview
                            6.2.5.2. Financial performance
                            6.2.5.3. Product benchmarking
                            6.2.5.4. Strategic initiatives
                       6.2.6. American Diagnostic Corporation 
                            6.2.6.1. Company overview
                            6.2.6.2. Financial performance
                            6.2.6.3. Product benchmarking
                            6.2.6.4. Strategic initiatives
                       6.2.7. Cardionics, Inc. (USA)
                            6.2.7.1. Company overview
                            6.2.7.2. Financial performance
                            6.2.7.3. Product benchmarking
                            6.2.7.4. Strategic initiatives
                       6.2.8. Heine Optotechnik GmbH & Co. KG 
                            6.2.8.1. Company overview
                            6.2.8.2. Financial performance
                            6.2.8.3. Product benchmarking
                            6.2.8.4. Strategic initiatives
                       6.2.9. Smiths Medical (Subsidiary of Smiths Group plc)
                            6.2.9.1. Company overview
                            6.2.9.2. Financial performance
                            6.2.9.3. Product benchmarking
                            6.2.9.4. Strategic initiatives

List of Tables

TABLE 1 North America stethoscope market, by type, 2014 - 2025 (USD Million)
TABLE 2 U.S. stethoscope market, by type, 2014 - 2025 (USD Million)
TABLE 3 Canada stethoscope market, by type, 2014 - 2025 (USD Million)
TABLE 4 Europe stethoscope market, by type, 2014 - 2025 (USD Million)
TABLE 5 UK stethoscope market, by type, 2014 - 2025 (USD Million)
TABLE 6 Germany stethoscope market, by type, 2014 - 2025 (USD Million)
TABLE 7 Asia Pacific stethoscope market, by type, 2014 - 2025 (USD Million)
TABLE 8 Japan stethoscope market, by type, 2014 - 2025 (USD Million)
TABLE 9 China stethoscope market, by type, 2014 - 2025 (USD Million)
TABLE 10 Latin America stethoscope market, by type, 2014 - 2025 (USD Million)
TABLE 11 Brazil stethoscope market, by type, 2014 - 2025 (USD Million)
TABLE 12 Mexico stethoscope market, by type, 2014 - 2025 (USD Million)
TABLE 13 MEA stethoscope market, by type, 2014 - 2025 (USD Million)
TABLE 14 South Africa stethoscope market, by type, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Stethoscope Market - Market Summary
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 Stethoscope Market - Trends & Outlook
FIG. 9 Stethoscope Market - Market Segmentation & Scope
FIG. 10 Market Driver Relevance Analysis (Current & Future Impact)
FIG. 11 Total Population Aged 60 or Over in 2016 and 2050 (in Billion)
FIG. 12 Healthcare Spending
FIG. 13 Market Restraint Relevance Analysis (Current & Future Impact)
FIG. 14 Cost of Stethoscopes
FIG. 15 Stethoscope Market - Penetration & Growth Prospect Mapping
FIG. 16 Stethoscope Market - Pestle Analysis
FIG. 17 Porter's Five Forces Analysis
FIG. 18 Stethoscope Market: Type Outlook Key Takeaways
FIG. 19 Stethoscope: Type Movement Analysis
FIG. 20 Manual Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 21 Electronic Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 22 Regional Market Place: Key takeaways
FIG. 23 Stethoscope Market: Regional movement analysis
FIG. 24 North America Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 25 Correct Diagnosis Comparison of Handheld Ultrasound (HHU) and Physical Exam (PE)
FIG. 26 U.S. Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 27 Canada Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 28 Europe Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 29 UK Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 30 Germany Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 31 Asia Pacific Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 32 Japan Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 33 China Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 34 Latin America Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 35 Brazil Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 36 Mexico Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 37 MEA Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 38 South Africa Stethoscope Market, 2014 - 2025 (USD Million)
FIG. 39 Strategy Framework