Stethoscope Market Size To Reach $949.88 Million By 2030

Stethoscope Market Growth & Trends

The global stethoscope market size is anticipated to reach USD 949.88 million by 2030 and is projected to grow at a CAGR of 5.96% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is driven by various factors such as rapid growth in the geriatric population, technological advancements,increasing adoption of telemedicine and remote patient monitoring coupled with expanding telehealth applications.

The escalating demographic of elderly individuals poses a noteworthy influence on the healthcare sector, particularly within the medical device market, exemplified by devices such as stethoscopes. According to the CDC, it has been recognized that persons above 65 years of age are at a higher risk of developing severe health problems, such as heart disease, common asthma, cold & flu, chronic obstructive pulmonary disease, diabetes, and other medical conditions. This is because aging weakens the immune system and consequently increases an individual’s susceptibility to various disorders. Stethoscopes play a pivotal role in healthcare sector, especially for in-home care delivery, facilitating systematic monitoring and evaluation of the health status of elderly patients by healthcare practitioners.

For instance, the data report by WHO estimated that by 2040 demographic forecast indicates that the proportion of individuals aged 60 and above within China's population is anticipated to be 28%, approximately 402 million individuals, of the overall population owing to an extended life expectancy coupled with diminishing fertility rates. Moreover, as healthcare expenditure rises with an aging population, there may be increased investment in medical equipment, including stethoscopes, to enhance diagnostic capabilities and improve the quality of care for the elderly thus, propelling the market growth in the near future.

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Stethoscope Market Report Highlights

• Based on technology type, the smart stethoscope segment is expected to register the fastest CAGR of 7.02% during the forecast period, owing to advanced noise reduction technology in smart stethoscopes helps filter out ambient noise, ensuring clearer and more accurate auscultation

• Based on sales channel, the e-commerce segment is expected to register the fastest CAGR of 7.01% during the forecast period. E-commerce platforms allow stethoscope manufacturers and sellers to reach a global audience. This expanded reach helps healthcare professionals and consumers access a variety of stethoscope options regardless of their geographical location

• Based on end-use, the hospitals segment is expected to register the fastest CAGR of 6.40% owing to the increasing hospital admissions due to rising cases of chronic diseases

• North America dominated the market with the revenue share of 32.64% in 2023, owing to the presence of a majority of key market players in this region

Stethoscope Market Segmentation

Grand View Research has segmented the global stethoscope market based on technology type, sales channel, end-use, and region:

Stethoscope Technology Type Outlook (Revenue, USD Million, 2018 - 2030)

• Electronic/Digital

• Smart Stethoscope

• Traditional Acoustic Stethoscope

Stethoscope Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Distributors

• E-commerce

• Direct Purchase

Stethoscope End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Home Healthcare

• Hospitals

• Clinics

• Nurse Practitioners

• EMT/ First Responders

• Veterinary

Stethoscope Region Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Thailand

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Stethoscope Market

• 3M

• Medline Industries, LP.

• Welch Allyn (Hill-Rom Holdings, Inc.)

• Eko Health, Inc.

• GF Health Products, Inc.

• Rudolf Riester GmbH (Halma plc)

• American Diagnostic Corporation

• Cardionics Inc.

• PAUL HARTMANN AG

• HEINE Optotechnik GmbH & Co. KG

• StethoMe sp. z o.o.