India Stethoscope Market Size & Outlook, 2023-2030
India stethoscope market, 2018-2030 (US$M)
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India stethoscope market highlights
- The India stethoscope market generated a revenue of USD 18.9 million in 2023 and is expected to reach USD 30.0 million by 2030.
- The India market is expected to grow at a CAGR of 6.8% 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 18.9 million |
| Market revenue in 2030 | USD 30.0 million |
| Growth rate | 6.8% (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, India accounted for 3.0% 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 |
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India 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 79.89% in 2023. Horizon Databook has segmented the India stethoscope market based on electronic/digital stethoscope, smart stethoscope, traditional acoustic stethoscope covering the revenue growth of each sub-segment from 2018 to 2030.
Several companies and start-ups in India are trying to leverage this opportunity by launching new & affordable products in the market. For instance, in April 2020, Ayu Devices, a start-up operating out of IIT Bombay’s technology business incubator, Society for Innovation and Entrepreneurship (SINE), developed AyuSynk.
A digital stethoscope, that allows physicians to listen to heart and lung sounds while remaining at a safe distance from patients. In India, penetration of advanced medical imaging is limited in rural areas, stethoscope plays an important role in the diagnosis of cardiac and pulmonary disorders.
Smart or digital stethoscopes have a modern viewpoint on traditional stethoscopes and hence will be a valuable tool for healthcare professionals. Furthermore, one in four deaths in India occurs due to cardiovascular diseases, with stroke and ischemic heart disease contributing to more than 80% of the burden.
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Our clientele includes a mix of stethoscope market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India stethoscope market , including forecasts for subscribers. This country databook contains high-level insights into India stethoscope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India stethoscope market size, by technology type, 2018-2030 (US$M)
India Stethoscope Market Outlook Share, 2023 & 2030 (US$M)
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