Middle East & Africa Stethoscope Market Size & Outlook
Middle East & Africa stethoscope market, 2018-2030 (US$M)
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MEA stethoscope market highlights
- The MEA stethoscope market generated a revenue of USD 42.8 million in 2023.
- The market is expected to grow at a CAGR of 6.1% 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, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 42.8 million |
| Market revenue in 2030 | USD 64.8 million |
| Growth rate | 6.1% (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, MEA region accounted for 6.7% 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 |
|---|
Middle East & Africa 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 73.13% in 2023. Horizon Databook has segmented the Middle East & Africa stethoscope market based on electronic/digital stethoscope, smart stethoscope, traditional acoustic stethoscope covering the revenue growth of each sub-segment from 2018 to 2030.
Healthcare infrastructure in most of the Middle Eastern countries is well established and government organizations cover almost 70% of the healthcare expenditure of the residents. High-income countries, such as Saudi Arabia, Israel, and Qatar, are attempting to involve latest technological devices in their healthcare infrastructure. Saudi Arabia is the most populous country in the region with the fastest growth rate.
Increasing healthcare expenditure and gradual adoption of technologically advanced products in these countries are among factors expected to promote the market growth. In addition, increasing incidence of heart diseases in South Africa, Saudi Arabia, and the UAE is expected to propel the market growth.
Thus, government’s efforts coupled with developing healthcare infrastructure in the region are further fueling growth of the market in the region. However, lack of skilled professionals and advanced healthcare settings in few Middle Eastern countries may hinder the market growth over the forecast period.
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Our clientele includes a mix of stethoscope market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa stethoscope market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa stethoscope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA stethoscope market size, by country, 2018-2030 (US$M)
Middle East & Africa Stethoscope Market Outlook Share, 2023 & 2030 (US$M)
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