Australia Stethoscope Market Size & Outlook, 2023-2030
Australia stethoscope market, 2018-2030 (US$M)
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Australia stethoscope market highlights
- The Australia stethoscope market generated a revenue of USD 16.0 million in 2023 and is expected to reach USD 25.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, traditional acoustic stethoscope was the largest revenue generating technology type in 2023.
- Smart Stethoscope is the most lucrative technology type segment registering the fastest growth during the forecast period.
Stethoscope market data book summary
| Market revenue in 2023 | USD 16.0 million |
| Market revenue in 2030 | USD 25.2 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Traditional acoustic stethoscope |
| Fastest growing segment | Smart Stethoscope |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electronic/Digital Stethoscope, Smart Stethoscope, Traditional Acoustic Stethoscope |
| Key market players worldwide | 3M Co, Medline Industries, Welch Allyn, Eyekon Medical, Rudolf Riester, Halma PLC, Paul Hartmann, HEINE Optotechnik, Graham - Field Health Products, American Diagnostic Sciences, Cardionics, StethoMe |
Other key industry trends
- In terms of revenue, Australia accounted for 2.5% of the global stethoscope market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan stethoscope market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 48.5 million by 2030.
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Stethoscope Market Scope
Stethoscope Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia stethoscope market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to stethoscope market will help companies and investors design strategic landscapes.
Traditional acoustic stethoscope was the largest segment with a revenue share of 78.75% in 2023. Horizon Databook has segmented the Australia stethoscope market based on electronic/digital stethoscope, smart stethoscope, traditional acoustic stethoscope covering the revenue growth of each sub-segment from 2018 to 2030.
Recent technological advancements have led to transition from manual stethoscopes to electronic stethoscopes for diagnosis of cardiac and lung dysfunction. Several firms are manufacturing and launching digital and AI-enabled stethoscopes.
For instance, in January 2018, M3DICINE based in Brisbane Australia launched the world’s 1st FDA-cleared AI-enabled stethoscope system. Moreover, in March 2021, Thinklabs announced Medical Device Single Audit Program (MDSAP) Certification and TGA approval in Australia.
The company is expanding into Australian markets, including hospitals, private practices, and medical services. Thus, stethoscopes with advanced features and modern technology have strongest growth potential in Australia stethoscope market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia stethoscope market , including forecasts for subscribers. This country databook contains high-level insights into Australia stethoscope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia stethoscope market size, by technology type, 2018-2030 (US$M)
Australia Stethoscope Market Outlook Share, 2023 & 2030 (US$M)
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