Saudi Arabia Stethoscope Market Size & Outlook, 2023-2030
Saudi Arabia stethoscope market, 2018-2030 (US$M)
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Saudi Arabia stethoscope market highlights
- The Saudi Arabia stethoscope market generated a revenue of USD 10.0 million in 2023 and is expected to reach USD 14.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.7% 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 10.0 million |
| Market revenue in 2030 | USD 14.8 million |
| Growth rate | 5.7% (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, Saudi Arabia accounted for 1.6% 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 Middle East & Africa, Saudi Arabia stethoscope market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 13.8 million by 2030.
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Stethoscope Market Scope
Stethoscope Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 71% in 2023. Horizon Databook has segmented the Saudi Arabia stethoscope market based on electronic/digital stethoscope, smart stethoscope, traditional acoustic stethoscope covering the revenue growth of each sub-segment from 2018 to 2030.
This accounts for about 15% of overall government revenue, and is budgeted at USD 260 million. Despite Saudi Arabia's comparatively advanced healthcare system, the prevalence of chronic diseases such as obesity and diabetes has been steadily increasing.
Accounting for nearly 60% of the country's premature deaths in 2016. As per the data published in BMC Public Health Journal, CVD accounts for more than 45% of all deaths in Saudi Arabia. According to Annals of Thoracic Medicine.
The prevalence of chronic obstructive pulmonary disease in Saudi Arabia is 4.2% in general population and 14.2% in smokers. Thus, increase in the prevalence of cardiac and pulmonary disorders is expected to boost the need for stethoscopes in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia stethoscope market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia stethoscope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia stethoscope market size, by technology type, 2018-2030 (US$M)
Saudi Arabia Stethoscope Market Outlook Share, 2023 & 2030 (US$M)
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