Stethoscope Market Size Worth $522.6 Million by 2025 | CAGR: 4.7%: Grand View Research, Inc.

SAN FRANCISCO, December 12, 2017 /PRNewswire/ --

The global stethoscope market [https://www.grandviewresearch.com/industry-analysis/stethoscopes-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=Prnewswire_Dec12&utm_content=Content ] 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.

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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.

Browse full research report with TOC on "Stethoscope Market Analysis By Type (Manual Stethoscopes, Electronic Stethoscopes), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2014 - 2025" at: https://www.grandviewresearch.com/industry-analysis/stethoscopes-market [https://www.grandviewresearch.com/industry-analysis/stethoscopes-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=Prnewswire_Dec12&utm_content=Content ]

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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Grand View Research has segmented the global stethoscope market on the basis of type and region: 

        
        - 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

Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/healthcare

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

        

        Contact: 
        Sherry James 
        Corporate Sales Specialist, USA 
        Grand View Research, Inc 
        Phone: +1-415-349-0058 
        Toll Free: 1-888-202-9519 
        Email: sales@grandviewresearch.com 

 

Web: http://www.grandviewresearch.com

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SOURCE Grand View Research, Inc.