South Africa Stethoscope Market Size & Outlook, 2023-2030
South Africa stethoscope market, 2018-2030 (US$M)
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South Africa stethoscope market highlights
- The South Africa stethoscope market generated a revenue of USD 8.6 million in 2023 and is expected to reach USD 13.0 million by 2030.
- The South Africa 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.
Stethoscope market data book summary
| Market revenue in 2023 | USD 8.6 million |
| Market revenue in 2030 | USD 13.0 million |
| Growth rate | 6.1% (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, South Africa accounted for 1.3% 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 |
|---|
South 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 77.91% in 2023. Horizon Databook has segmented the South 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.
In MEA region, South Africa stethoscope market is anticipated to witness considerable growth of 6.0% over the forecast period. Increasing healthcare expenditure and rising adoption of advanced healthcare facilities are among major factors driving the market.
For instance, as per article published by the Economist Intelligence Unit Limited in 2018, the South African government increased the healthcare expenditure by 9.00% from the previous year. Such instances are expected to create opportunities in the South African
Market owing to which new and key players may enter the market. Moreover, as per IHME, ischemic heart disease was the second leading cause of deaths in the country in 2017, and the number of deaths is expected to increase in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa stethoscope market , including forecasts for subscribers. This country databook contains high-level insights into South Africa stethoscope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa stethoscope market size, by technology type, 2018-2030 (US$M)
South Africa Stethoscope Market Outlook Share, 2023 & 2030 (US$M)
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