Stethoscope Market Size & Forecast Report, 2014 - 2025

The global Stethoscope Market size is expected to value at USD 522.6 million by 2025. The market is subject to witness substantial growth due to the increase in the prevalence of cardiovascular and pulmonary disorders, rise in personal healthcare expenditure, and recent technological advancements. Rise in adoption of the latest technologies such as Bluetooth and digital wireless that allows hearing aid wearers with the help of stethoscope and stethoscope android apps on smartphones, thus driving the growth of stethoscopes industry in upcoming years. Globally, the stethoscope market is predicted to grow at a CAGR of 4.7% in the forecast period, providing numerous opportunities for market players to invest in research and development in the market.

The rise in the geriatric population across the globe has led to high-end demand for highly advanced stethoscope technology, particularly to perform detailed diagnoses of severe chronic health disorders. Chronic diseases are more prevalent among people above the age of sixty-five years due to weakened immune systems. As per reports presented by World Health Organization (WHO), the elderly population is expected to cross two billion by 2050, such factors prove critical for the growth of the stethoscope industry in near future.

Additionally, the recent development of innovative technologies and increasing focus towards research & development of stethoscopes by prominent industry players are some of the key factors responsible for market expansion, in recent years. Rising competition among market players and numerous government initiatives coupled with rising healthcare expenditure by developed economies is further strengthening market growth. Recent governmental initiatives undertaken by developing economies such as China and India to provide subsidies in the rural areas with the introduction of schemes like the New Cooperative Medical Scheme are predicted to fasten the growth of the stethoscope market over the forecast period.

The advent of the wireless stethoscope, which is capable of connecting and amplifying sound signal twenty times, alongside removing excess undesirable noise, are expected to boost sales of stethoscopes in upcoming years. The stethoscope is categorized mainly into two types based on their work mechanisms such as manual stethoscopes and electronic stethoscopes. The electronic stethoscope is widely popular among the two, due to increasing adoption in developed economies since the last decade.

Electronic stethoscopes offer advantages such as superior digital sound broadcast capabilities, audio and video response, and storage capabilities. Additionally, the growing adoption of wireless electronic stethoscopes in telemedicine is expected to influence the demand for electronic stethoscopes, in upcoming years. Some of the additional advantages of the digital stethoscope include the improved speed of operation, precision, and flexibility, thus allowing easy diagnosis of various heart-related conditions by amplifying heart and lung sound signals by forty times and generating & storing the digital files.

The stethoscope is termed as medical equipment that is commonly used for measuring, or listening to the internal sounds of the heart and lungs of an animal or human being. The stethoscope commonly consists of a smaller disc-shaped resonator, which is pressed around the chest area, with two tubes joined to earpieces. The stethoscope is used to listen to movements in the intestines and blood flow in veins and blood vessels. The stethoscope helps to measure blood pressure along with a sphygmomanometer, thus fueling the market growth.

The stethoscope industry is divided by regions such as North America, Europe, Asia-Pacific, Latin America, and Africa. North America has shown major growth in recent years owing to the rise in the adoption of the latest technologies and the existence of well-established healthcare infrastructure. Asia-Pacific region is predicted to hold a major market share in the stethoscope market with massive growth in the forecast period. Countries such as India, China, and Japan are leading the Asia-Pacific market with rising older population in the region, increasing demand for stethoscopes, rise in health expenditure, and significant investment by leading industry players considering potential opportunities in the region.

The key players in the stethoscope industry are 3M Company, Medline Industries Incorporations, Welch Allyn Incorporations, GF Health Products Incorporations, Rudolf Riester Co., American Diagnostic Co., Cardionics Incorporations, Heine Optotechnik Corporations, and Smiths Medical.

Market Segment:

Type Outlook (Revenue, USD Million, 2014 - 2025)
    • Manual Stethoscopes
    • Electronic Stethoscopes

Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa
        • South Africa