UAE Stethoscope Market Size & Outlook, 2023-2030
UAE stethoscope market, 2018-2030 (US$M)
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UAE stethoscope market highlights
- The UAE stethoscope market generated a revenue of USD 9.1 million in 2023 and is expected to reach USD 13.8 million by 2030.
- The UAE market is expected to grow at a CAGR of 6.2% 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.
Stethoscope market data book summary
| Market revenue in 2023 | USD 9.1 million |
| Market revenue in 2030 | USD 13.8 million |
| Growth rate | 6.2% (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, UAE accounted for 1.4% 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 |
|---|
UAE 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 70.33% in 2023. Horizon Databook has segmented the UAE 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 WHO estimates that the high prevalence of cardiovascular diseases is due to sedentary lifestyle and common risk factors including hypertension and hypercholesterolemia . The UAE has a higher incidence of risk factors of cardiovascular diseases than developed countries and the prevalence of CVD-related deaths among UAE citizens is higher than the global average.
According to research published in Al Nisr Publishing LLC, cardiovascular diseases are responsible for one in five deaths in the UAE. Thus, owing to such a massive patient pool, there are lucrative opportunities for market players in the country.
For instance, American Hospital Dubai (AHD) is the Middle East's most prestigious private healthcare provider and a pioneer in cardiology. The Stethee technology developed by an Australian firm is available at AHD, which analyses heart and lung sounds to build a unique personal biometric signature.
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Target buyers of UAE stethoscope market databook
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Our clientele includes a mix of stethoscope market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE stethoscope market , including forecasts for subscribers. This country databook contains high-level insights into UAE stethoscope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE stethoscope market size, by technology type, 2018-2030 (US$M)
UAE Stethoscope Market Outlook Share, 2023 & 2030 (US$M)
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