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City of Industry, CA -- (SBWIRE) -- 08/09/2018 -- This report studies the global market size of Stethoscopes in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Stethoscopes in these regions.
This research report categorizes the global Stethoscopes market by top players/brands, region, type and end user. This report also studies the global Stethoscopes market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Stethoscope is a medical device used for listening to internal sounds of a human being such as heart and lung sounds. Stethoscope naturally has a small disc shaped resonator that is placed against the chest and two tubes are connected to earpieces. This device is also used for listening to intestines and blood flow in arteries and veins.
Increase in geriatric population has increased the demand for newly advanced stethoscope technology for the primary diagnosis of several chronic health conditions. People above 65 years of age are at a higher risk of developing chronic diseases. According to WHO, the world population aged 60 years and older is expected to reach up to 2 billion by 2050 from 900 million in 2015. This is expected to drive the market.
Furthermore, the introduction of new products, ongoing R&D by market players & universities, geographical expansion of market players, and several government initiatives are likely to boost the market during the forecast period. For instance, the Chinese government plans to expand insurance coverage by providing demand subsidies to the rural population by introducing a New Cooperative Medical Scheme to raise care cost for improved and rapid treatment.
The global Stethoscopes market is valued at 310 million US$ in 2017 and will reach 440 million US$ by the end of 2025, growing at a CAGR of 4.5% during 2018-2025. The objectives of this study are to define, segment, and project the size of the Stethoscopes market based on company, product type, end user and key regions.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
GF Health Products
Contec Medical Systems
Market size by Product
Manual & Mechanical Stethoscopes
Fetal Heart Rate Detectors
Market size by End User
Healthcare Institutes & Organizations
Home Care Settings
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global Stethoscopes market size (value & volume) by company, key regions, products and end user, breakdown data from 2013 to 2017, and forecast to 2025.
To understand the structure of Stethoscopes market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Stethoscopes companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Stethoscopes submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Stethoscopes are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Stethoscopes market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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