Europe Stethoscope Market Size & Outlook, 2023-2030
Europe stethoscope market, 2018-2030 (US$M)
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Europe stethoscope market highlights
- The Europe stethoscope market generated a revenue of USD 176.0 million in 2023.
- The market is expected to grow at a CAGR of 6% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 176.0 million |
| Market revenue in 2030 | USD 263.7 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Traditional acoustic stethoscope |
| Fastest growing segment | Smart Stethoscope |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 27.7% of the global stethoscope market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 244.0 million by 2030.
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Stethoscope Market Scope
Stethoscope Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 72.39% in 2023. Horizon Databook has segmented the Europe stethoscope market based on electronic/digital stethoscope, smart stethoscope, traditional acoustic stethoscope covering the revenue growth of each sub-segment from 2018 to 2030.
Europe accounted for the second largest market share of 27.69% after North America and is expected to exhibit significant growth rate over the forecast period. Europe is one of the most advanced regions globally with novel technologies and developed infrastructure, resulting in significant healthcare facilities and patient care.
Increasing prevalence of chronic disorders, rising adoption of sedentary lifestyle, and introduction of technologically advanced products in the European market have contributed to the growth of stethoscope market.
In addition, increase in investments by government & private institutions is expected to drive the market. However, lack of supportive reimbursement policies in developing countries of Europe is likely to hinder the market growth over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe stethoscope market , including forecasts for subscribers. This continent databook contains high-level insights into Europe stethoscope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe stethoscope market size, by country, 2018-2030 (US$M)
Europe Stethoscope Market Outlook Share, 2023 & 2030 (US$M)
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