Canada Stethoscope Market Size & Outlook, 2023-2030
Canada stethoscope market, 2018-2030 (US$M)
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Canada stethoscope market highlights
- The Canada stethoscope market generated a revenue of USD 38.8 million in 2023 and is expected to reach USD 57.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.9% 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 38.8 million |
| Market revenue in 2030 | USD 57.8 million |
| Growth rate | 5.9% (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, Canada accounted for 6.1% 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 North America, U.S. stethoscope market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 57.8 million by 2030.
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Stethoscope Market Scope
Stethoscope Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 75.77% in 2023. Horizon Databook has segmented the Canada stethoscope market based on electronic/digital stethoscope, smart stethoscope, traditional acoustic stethoscope covering the revenue growth of each sub-segment from 2018 to 2030.
The prevalence of chronic diseases, such as heart and lung disease, in Canada is high and expected to drive the market growth in the country during the forecast period. According to Institute for Health Metrics and Evaluation (IHME) data published in 2017, ischemic heart disease was the leading cause of death and disabilities in Canada.
Healthcare infrastructure in Canada is also highly advanced with strong focus on quality care. Thus, increasing prevalence of chronic disorders and growing healthcare expenditure are among factors expected to drive the market growth in Canada.
Canada also has a vast geography and distance between healthcare centers. Hence, telemedicine plays a vital role, wherein streaming of heart and lung sounds can be done wirelessly between clinicians and patients during telemedicine visits.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada stethoscope market , including forecasts for subscribers. This country databook contains high-level insights into Canada stethoscope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada stethoscope market size, by technology type, 2018-2030 (US$M)
Canada Stethoscope Market Outlook Share, 2023 & 2030 (US$M)
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