Stethoscopes Market by Product, End-user, and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR45003
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The stethoscopes market size has the potential to grow by USD  138.05 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (electronic and digital stethoscopes, manual and mechanical stethoscopes, and other stethoscopes), geography (North America, Europe, Asia, and ROW), and end-user (hospitals, ASCs, and clinics). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 3M Co., American Diagnostic Corp., Cardionics, Eko Devices Inc., GF Health Products Inc., Hillrom, Medline Industries Inc., Muse Diagnostics, Rudolf Riester GmbH, and Thinklabs Medical LLC.

Market Overview

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Market Competitive Analysis

The market is concentrated. 3M Co., American Diagnostic Corp., Cardionics, Eko Devices Inc., GF Health Products Inc., Hillrom, Medline Industries Inc., Muse Diagnostics, Rudolf Riester GmbH, and Thinklabs Medical LLC are some of the major market participants. Factors such as rising incidence of cardiac and pulmonary issues will offer immense growth opportunities. However, intense competition among the manufacturers may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this stethoscopes market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this stethoscopes market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • 3M Co.
  • American Diagnostic Corp.
  • Cardionics
  • Eko Devices Inc.
  • GF Health Products Inc.
  • Hillrom
  • Medline Industries Inc.
  • Muse Diagnostics
  • Rudolf Riester GmbH
  • Thinklabs Medical LLC

 

Stethoscopes Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. The continuous enhancements of stethoscopes will significantly influence the stethoscopes market's growth in this region.

34% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for stethoscopes in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the stethoscopes market size.

Stethoscopes Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive stethoscopes market growth during the next five years
  • Precise estimation of the stethoscopes market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the stethoscopes industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of stethoscopes market vendors

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Stethoscopes Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2020-2024

$ 138.05 million

Market structure

Concentrated

YoY growth (%)

5.22

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 34%

Key consumer countries

US, Canada, Germany, Japan, and Brazil

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., American Diagnostic Corp., Cardionics, Eko Devices Inc., GF Health Products Inc., Hillrom, Medline Industries Inc., Muse Diagnostics, Rudolf Riester GmbH, and Thinklabs Medical LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Electronic and digital stethoscopes - Market size and forecast 2019-2024
    • Manual and mechanical stethoscopes - Market size and forecast 2019-2024
    • Other stethoscopes - Market size and forecast 2019-2024
    • Market opportunity by Product

    Market segmentation by End-user

    • Market segments
    • Hospitals
    • ASCs
    • Clinics

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • Asia - Market size and forecast 2019-2024
      • ROW - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 3M Co.
      • American Diagnostic Corp.
      • Cardionics
      • Eko Devices Inc.
      • GF Health Products Inc.
      • Hillrom
      • Medline Industries Inc.
      • Muse Diagnostics
      • Rudolf Riester GmbH
      • Thinklabs Medical LLC

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The stethoscopes market growth will increase by $138.05 million during 2019-2024.
      The stethoscopes market is expected to grow at a CAGR of 5.89% during 2019-2024.
      Technavio has segmented the stethoscopes market by product (Electronic and digital stethoscopes, Manual and mechanical stethoscopes, and Other stethoscopes) and geographic (North America, Europe, Asia, and ROW).
      3M Co., American Diagnostic Corp., Cardionics, Eko Devices Inc., GF Health Products Inc., Hillrom, Medline Industries Inc., Muse Diagnostics, Rudolf Riester GmbH, Thinklabs Medical LLC are a few of the key vendors in the stethoscopes market.
      North America will register the highest growth rate of 33.60% among the other regions. Therefore, the stethoscopes market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Canada
      • Germany
      • Japan
      • Brazil
      The key factors driving the stethoscopes market growth are:
      • Rising incidence of cardiac and pulmonary issues
      • Continuous enhancements of stethoscopes
      The stethoscopes market vendors should focus on grabbing business opportunities from the electronic and digital stethoscopes segment as it accounted for the largest market share in the base year.
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