UK Stethoscope Market Size & Outlook, 2023-2030
UK stethoscope market, 2018-2030 (US$M)
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UK stethoscope market highlights
- The UK stethoscope market generated a revenue of USD 27.5 million in 2023 and is expected to reach USD 42.6 million by 2030.
- The UK market is expected to grow at a CAGR of 6.5% 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 27.5 million |
| Market revenue in 2030 | USD 42.6 million |
| Growth rate | 6.5% (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, UK accounted for 4.3% 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 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 |
|---|
UK 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 73.82% in 2023. Horizon Databook has segmented the UK 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 UK stethoscope market is anticipated to witness substantial growth rate of 6.3% over the forecast period. Increasing awareness regarding treatment of chronic disorders, such as cardiovascular disease, and presence of several major players in the market are among major drivers contributing to the market growth.
For instance, Public Health England (PHE) has launched online “Heart Age Test” campaign to increase heart health awareness in September 2017. In addition, several initiatives related to treatment of lung diseases in the UK are expected to boost the market growth.
For instance, the British Lung Foundation (BLF) has introduced “Listen to your lungs” campaign. This plan is boosting awareness about the fact that breathlessness can be a symptom of COPD and is encouraging people to consult healthcare specialists in case of breathlessness.
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Our clientele includes a mix of stethoscope market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK stethoscope market , including forecasts for subscribers. This country databook contains high-level insights into UK stethoscope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK stethoscope market size, by technology type, 2018-2030 (US$M)
UK Stethoscope Market Outlook Share, 2023 & 2030 (US$M)
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