North America Stethoscope Market Size & Outlook, 2023-2030
North America stethoscope market, 2018-2030 (US$M)
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North America stethoscope market highlights
- The North America stethoscope market generated a revenue of USD 207.3 million in 2023.
- The market is expected to grow at a CAGR of 5.2% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 207.3 million |
| Market revenue in 2030 | USD 296.5 million |
| Growth rate | 5.2% (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, North America region accounted for 32.6% 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 |
|---|
North America 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 72.89% in 2023. Horizon Databook has segmented the North America stethoscope market based on electronic/digital stethoscope, smart stethoscope, traditional acoustic stethoscope covering the revenue growth of each sub-segment from 2018 to 2030.
North America led the stethoscope market with the largest revenue share of 33.25% in 2020. The increase in the prevalence of chronic diseases, such as cardiovascular and respiratory diseases, due to unhealthy lifestyle coupled with the presence of well-developed healthcare infrastructure is a key factor boosting the stethoscope market growth.
Thus, the incidence of cardiovascular diseases is rising in North America, which in turn is likely to boost the demand for stethoscopes. In addition, presence of key manufacturers and rising government initiatives are contributing to the market growth.
Therefore, North America is expected to dominate the overall regional market over the forecast period. Some of the key players operating in stethoscope market in North America are 3M, Medline Industries, Welch Allyn, and American Diagnostic Corporation.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America stethoscope market , including forecasts for subscribers. This continent databook contains high-level insights into North America stethoscope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America stethoscope market size, by country, 2018-2030 (US$M)
North America Stethoscope Market Outlook Share, 2023 & 2030 (US$M)
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