Spain Stethoscope Market Size & Outlook, 2023-2030
Spain stethoscope market, 2018-2030 (US$M)
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Spain stethoscope market highlights
- The Spain stethoscope market generated a revenue of USD 17.7 million in 2023 and is expected to reach USD 26.3 million by 2030.
- The Spain market is expected to grow at a CAGR of 5.8% 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 17.7 million |
| Market revenue in 2030 | USD 26.3 million |
| Growth rate | 5.8% (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, Spain accounted for 2.8% 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 Europe, Germany stethoscope market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 50.9 million by 2030.
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Stethoscope Market Scope
Stethoscope Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 72.32% in 2023. Horizon Databook has segmented the Spain stethoscope market based on electronic/digital stethoscope, smart stethoscope, traditional acoustic stethoscope covering the revenue growth of each sub-segment from 2018 to 2030.
The unprecedented outbreak of COVID-19 has augmented growth of the market. According to worldometers.info statistics, as of May 2021, there were 3,551,262 cases of coronavirus in Spain, with 78,566 deaths.
In order to minimize the threat of COVID-19 infection among frontline workers, companies are developing digital stethoscopes. For instance, in September 2020, a Spain-based company, eKuore, developed an electronic stethoscope that enables remote and wireless auscultation, lowering the risk of infection among health professionals.
Moreover, increasing incidence of cardiovascular and respiratory diseases has made early detection of ailments necessary. According to ISGLOBAL.ORG, the main causes of death in Spain include ischemic heart disease, which accounted for 14.6% of all deaths, stroke (7.1%), and chronic obstructive pulmonary disease (6.9%).
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain stethoscope market , including forecasts for subscribers. This country databook contains high-level insights into Spain stethoscope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain stethoscope market size, by technology type, 2018-2030 (US$M)
Spain Stethoscope Market Outlook Share, 2023 & 2030 (US$M)
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